Case Study: Facebook: Changing The Face Of Talent Management
Facebook: Giving Talent Management a Facelift
Facebook: Changing the Face of Talent Management
Facebook—a known name to today’s social media and internet enthusiasts. People from all walks of life are connecting globally using its social media platform. On the other hand, its CEO has already become the cynosure of the media for several reasons. However, a lesser known fact about Facebook is its unique and robust talent management practices.
Studies revealed that in 15 months of its IPO, the average employee of the company yields revenue of more than $1.3 million and a profit of $120,000 every year. The company has gained the number 1 position for employee satisfaction (Glassdoor’s 2013 survey) and its staff rated its CEO as number 1, with …show more content…
Charting the unconventional path, Facebook gets all necessary paper works done before joining. Further, it conducts a six-week-long industry-focused onboarding program. During the program, employees are encouraged to get involved in multiple projects. Moreover, boot campers are provided with the full access to the entire code behind the website in order to gain their trust. A mentor is assigned for every new employee and at the end of the onboarding program, every employee is given the option to choose the team and project they want to join in. Such a practice is quite unlike in most of the organizations across the …show more content…
Its policies are as open and employee friendly as possible. For example, it provides unlimited sick days, including 21 days of paid leave every year and it is applicable for new hires as well. There are some lucrative benefits for pregnant employees and new parents, including “four months paid parental leave for both the parents, daycare reimbursement, baby cash and so on. Restricted stock units, along with a competitive pay package, is another benefits for its employees. Further, Facebook provides its employees with $600 every month extra so that they can live in the proximity of its headquarters. It helps employees go to the office for extra work, collaboration and obviously, for free food at any
Facebook: Changing the Face of Talent Management
Facebook—a known name to today’s social media and internet enthusiasts. People from all walks of life are connecting globally using its social media platform. On the other hand, its CEO has already become the cynosure of the media for several reasons. However, a lesser known fact about Facebook is its unique and robust talent management practices.
Studies revealed that in 15 months of its IPO, the average employee of the company yields revenue of more than $1.3 million and a profit of $120,000 every year. The company has gained the number 1 position for employee satisfaction (Glassdoor’s 2013 survey) and its staff rated its CEO as number 1, with …show more content…
Charting the unconventional path, Facebook gets all necessary paper works done before joining. Further, it conducts a six-week-long industry-focused onboarding program. During the program, employees are encouraged to get involved in multiple projects. Moreover, boot campers are provided with the full access to the entire code behind the website in order to gain their trust. A mentor is assigned for every new employee and at the end of the onboarding program, every employee is given the option to choose the team and project they want to join in. Such a practice is quite unlike in most of the organizations across the …show more content…
Its policies are as open and employee friendly as possible. For example, it provides unlimited sick days, including 21 days of paid leave every year and it is applicable for new hires as well. There are some lucrative benefits for pregnant employees and new parents, including “four months paid parental leave for both the parents, daycare reimbursement, baby cash and so on. Restricted stock units, along with a competitive pay package, is another benefits for its employees. Further, Facebook provides its employees with $600 every month extra so that they can live in the proximity of its headquarters. It helps employees go to the office for extra work, collaboration and obviously, for free food at any