Parents working at Netflix will be paid their full salary during the year. They can also choose to come back to work part-time or full-time, and stop and start when they want.
“Netflix’s continued success hinges on us competing for and keeping the most talented individuals in their field,” said Tawni Cranz, chief talent officer, in a blog post. “Experience shows people perform better at work when they’re not worrying about home.” Cranz explained that the company’s purpose is to enable employees to have the flexibility and confidence to balance the needs of their growing families without worrying about work or finances. “Parents can return part-time, full-time, or return and then go back out as needed,” Cranz said. “We’ll just keep paying them normally, eliminating the headache of switching to state or disability pay. Each employee gets to figure out what’s best for them and their family, and then works with their managers for coverage during their absences.” Read more about Shared Parental Leave:
According to research by the Society for Human Resource Management, roughly one in 100 companies offer unlimited maternity and paternity leave. It is also a policy most likely to be found in the technology sector. Other companies to have done so include General Electric, Richard Branson’s Virgin Group and Zynga. However, while Branson’s paternity announcement attracted a lot of interest, it then emerged that not only will men have had to be working at Virgin for more than four years, but they will also need to be management employees of Virgin’s investment and brand licensing arm. So of the 50,000 members of Virgin’s workforce (not knowing how many of those are men), only 150-odd well-paid staff will fit the criteria – 0.3 of his employees. The thinking behind offering unlimited time off perks is that it will motivate employees and increase productivity. This was echoed by an EY study, which found that for every ten extra hours vacation time employees take advantage of, their performance ratings climb by eight per cent. Furthermore, they were less likely to leave the company. The announcement follows on from Netflix giving staff unlimited holiday time. At Netflix, salaried employees can take as much time off as they’d like, whenever they want to take it as no one tracks vacation days. “Rules, policies, regulations and stipulations are innovation killers,” said Steve Swasey, Netflix’s vice-president for corporate communication. “People do their best work when they’re unencumbered. If you’re spending a lot of time accounting for the time you’re spending, that’s time you’re not innovating.” By Shané Schutte
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.