Question

how would you change the compensation on Netflix?

how would you change the compensation on Netflix?

Homework Answers

Answer #1

Changes one can bring in the compensation of Netflix in some of these ways

:-

* Linking salary structure to the number of subscriptions

let's take example of marketing team, we can link their salaries with production outcomes. If number of subscriptions increase over a quarter then they get paid more owing to incentives out of it and would get a lesser pay during low sales. The employee is thus motivated to overachieve for his own financial gains.

Secondly,

* providing choices for choosing locations of work will decrease the expenditure of the company and save money for the employees making their salaries look more lucrative. People would choose to stay close to their homes with their families, reducing the company's accommodation and conveyance costs also ensuring good mental health for the employees.

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