Podcast
Questions and Answers
What percentage of payroll does an organization typically spend on training?
What percentage of payroll does an organization typically spend on training?
- 1.14%
- 1.44%
- 1.74%
- 2.14% (correct)
What is Netflix's approach to training?
What is Netflix's approach to training?
- It provides formal training programs for employees.
- It provides informal training programs for employees.
- It leaves training to the employees. (correct)
- It hires trainers to provide training for employees.
What is one of the reasons Netflix can have employees responsible for their own training?
What is one of the reasons Netflix can have employees responsible for their own training?
- It provides employees with the resources they need to learn.
- It hires experienced employees rather than new college graduates. (correct)
- It offers employees a flexible schedule
- It offers employees financial incentives.
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Study Notes
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Training is essential for an organization to ensure that employees have the knowledge and skills needed to perform the job.
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Organizations spend an average of 2.14% of their payroll on training.
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Netflix believes that employees should be responsible for their own training and professional development, and as a result, it leaves training to the employees.
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One of the reasons Netflix can do this is that it hires experienced employees rather than new college graduates.
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