ER2021#4

 Netflix NO RULES

     I am writing about this book how Netflix became the biggest video streaming company. Just in case you don't remember, this book is mainly the words of Reed Hastings, the CEO of Netflix, and Erin Meyer, a professor of INSTEAD. I've explained how Netflix has abolished the rules such as how much money you can use for business trips and how many breaks you can have. The next step, according to this book, is to give the greatest paycheck that the employee deserves. Today's companies mostly have a system that you receive a small amount of salary increase every year or so. Even if you largely contribute to the company's sales, you might get a 2~3% increase on your salary. This book says this system is not recommended. If the company's job was to just make ice creams or something that wouldn't need creativity, even if you get a person that really do the job, the work efficiency might grow up to about 2 times the work. However, if you have a job that requires creativity like software engineers, and the person is very good at the job, the work efficiency possibly could go up to nearly10000 times the work. Due to this, You should find a person that has the ability to do multiple people's work and give a high pay for it.

     I thought this idea is very interesting. First of all, I didn't know that work that needs creativity could broadly change in terms of work efficiency. Secondly, taking 1 excellent person over 20 normal people is better, the truth about is interesting but a little scary at the same time. This is because, if I7m this sort of situation there's a possibility that I could get a very high salary or not get any at all.