“Netflix ditched the formal performance reviews in favor of an informal 360-review system,” reported Shelly Kramer.

“With a corporate culture that’s all about regular and honest communication, this ongoing review process is designed to keep people on track, identify problems and let you both (or all) know what needs to change.”

It’s great to see a mega company like Netflix taking an active role in improving their culture and embracing 360 reviews. This should give a voice to every level of their company. Or as Kramer put it, the systems means you “don’t just assume good performance is happening, you talk about it.”

Netflix is also doing a number of other interesting things. They’re famous for a philosophy of treating their staff “like adults” to foster a relationship built on trust and freedom. This includes an “honor system” in the place of a traditional vacation time system. Employees are trusted to take an appropriate amount of time off, at times that work for the whole team.

If you have any questions about what 360 reviews can do for your company, please contact us any time.