We Eliminated Annual Performance Reviews. Now What?
DECEMBER 28, 2015
Instead, the same way Netflix bases pay rate changes on the market value of each position, our aim is to pay more-than-average versus relevant external salary benchmarks. By taking an outward versus an inward-looking perspective, we anticipate to limit peer-to-peer salary benchmarking and, by consequence, unhealthy internal competition and envy. These check-ins have no prescribed format, can be initiated by either coach or coachee, and are meant to be a two-way dialogue.