Netflix’s Expense Policy Is The Exception—Not the Rule: This Week in the Back Office

Netflix's expense policy is a simple sentence — “Act in Netflix's best interests” — that says a lot about the culture its leaders have fostered for more than a decade. So, what makes the company's seemingly radical expense policy work so well? The company's radical, high-achieving culture.

Netflix famously released a 127-slide deck about its culture, “Netflix Culture: Freedom & Responsibility,” which identifies nine “values” that guide hiring and promotion decisions. Netflix leaders follow them vigilantly. Honesty, selflessness and judgement are three of the values. Says Netflix former Chief Talent Officer Patty McCord,

As far as communicating the expense policy? Employees are simply told to spend money frugally, as if it were their own, McCord says. Although it works for Netflix it doesn’t mean it's a good policy for other companies, in some cases far from it. Check out the full story.

In Case You Missed It….

At Global Glimpse, Pennywise Accounting is Key to Giving Students a View of the World

Global Glimpse staff must spend money to deliver on the organization's mission. But how they spend makes all the difference. Check out the full story.

Here's What Would Happen if America Totally Abandoned Cash

Can't imagine a cash-free world? You are not alone. Check out the full story.

Keep Personal Finances Out of Business

SMB finance expert Elaine Pofeldt says business owners can finance their business — without jeopardizing their personal finances. Check out the full story.