Retaining talent in organizations

Immeasurement, irrelevance and anonymity makes you miserable at work and in some case, makes you want to quit and leave. One company - Netflix follows a set of "rules" when it comes to retaining talent. I will just briefly mention two (below), related to monetary. Of course, instilling a good culture such as fostering talent hunters to create a fun workplace, allowing employees to have choices, and limiting rules, are some ways to make people happy in the organization.

1. Pay higher-than-average salaries: Base bonuses and increments to the market, not a team of star performers. This can suppress "stars" and individualism. Southwest Airlines is another company that cultures teamwork rather than individualism too. I will talk more about Southwest Airlines in future. However, I like the "concept" - Money is no object in hiring. :)

2. "Let them go": Don't give B performers a middling raise. Rather, allow them to leave with dignity.

You can read more here.

In some way, I think Netflix is trying to create a Southwest-similar culture in their organization.