group 2. netflix: making movie magic netflix is it coorporate who expand use emerging technologies,...
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NETFLIX
Netflix: Making Movie Magic
Netflix is IT coorporate who expand use
emerging technologies, superior customer
service, and an ever-growing sub scriber
base to transform the traditional video
rental model into a 21st century on
demand concept.
The Open Secret of Success
Netflix to expand it business in various placess.
Netflix better customer satisfaction by providing
satisfactory service and promotions.
Give salaries to employee in accordance with its
performance capabilities.
Natflix has a vast networking connection.
The good relationship between top manager with
employee.
Netflix has good management for their cooperation.
Method for Netflix
Netflix use three majors
responsibilities of Human Resource
Management:
1. Attracting a quality workforce.
2. Developing a quality workforce.
3. Maintaining a quality workforce.
1. Attracting a Quality Workforce
Netflix get them employees by
recruitment and selection.
Netflix search the best employee who
have good performance, experience, and
best knowledge.
2. Developing a Quality Workforce
After Netflix was recruitment and selection
them employess, they developing talented
employess.
Netflix have to orientation, training,
development, and performance management
for them employee.
Strategic Netflix management mobilizes
human capital to implement organizational
strategis.
3. Maintaining a Quality
Workforce
Netflix keeping talented employees.
This cooperation try to keep skilled
workers in jobs and on career paths
satisfying to them and beneficial to
them employer.
Risks of hastings Human Resource Management practices
Strategic HRM Netflix
Promoting labor potential
If the person potentiality supperior placed on
the first line is not able solve and
troubleshoot the performance of the
company will decrease
Compensation with merit pay
Discrimination pay
Forcasting
When reality does not correspond to
the predictions of all the plans that
have been drawn up failed
Compensation policies encourage high performance
Merit Pay.
Provide appropriate salary employee
performance.
How is the firm doing right now?
• Correct errors that have been
examined.
• Preparing a new strategy.
How has it changed since the case information was prepared?
• Identify cases that arise to
determine the cause of a problem.
• Seek appropriate solutions to
overcome the problems that occur.
• Applying the solution.
Are the HRM practise described here still active at the firm?
• Yes, HRM still used because a
company must take into account all
aspectes related to human resources
in order to achievethe desired goal.
What else is Netflix doing the create human capital for sustained competitive advantage?
• Netflix gives wages according to the
employee. So, if the employee has a
high performance then netflix will
provide a very high wages for the
employees.
• Provide better training.
• More selective recruitment.