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57% of Tech Workers Are Suffering From Job Burnout, Survey Finds (bleepingcomputer.com)
An anonymous reader writes: A survey conducted among the tech workers, including many employees of Silicon Valley's elite tech companies, has revealed that over 57% of respondents are suffering from job burnout. The survey was carried out by the makers of an app that allows employees to review workplaces and have anonymous conversations at work, behind their employers' backs. Over 11K employees answered one question -- if they suffer from job burnout, and 57.16% said "Yes."
The company with the highest employee burnout rate was Credit Karma, with a whopping 70.73%, followed by Twitch (68.75%), Nvidia (65.38%), Expedia (65.00%), and Oath (63.03% -- Oath being the former Yahoo company Verizon bought in July 2017). On the other end of the spectrum, Netflix ranked with the lowest burnout rate of only 38.89%, followed by PayPal (41.82%), Twitter (43.90%), Facebook (48.97%), and Uber (49.52%).
The company with the highest employee burnout rate was Credit Karma, with a whopping 70.73%, followed by Twitch (68.75%), Nvidia (65.38%), Expedia (65.00%), and Oath (63.03% -- Oath being the former Yahoo company Verizon bought in July 2017). On the other end of the spectrum, Netflix ranked with the lowest burnout rate of only 38.89%, followed by PayPal (41.82%), Twitter (43.90%), Facebook (48.97%), and Uber (49.52%).
Does this result argue for wider adoption of Netflix's H.R. model, as expressed in the manifesto that went viral a few years back? Namely:
1. Hire "A" players, because the competence of one's coworkers is a large contributor to employee satisfaction.
2. Don't use golden handcuffs as a means of mitigating hiring churn; you want employees to stay at the company because they want to be there. Employees choose how much stock they want vs. cash.
3. Don't use performance based bonuses; high performance is the base level expectation, not something to be singled out and rewarded.
4. "We're a team, not a family." You don't "cut" people from a family; you do "cut" people from a pro sports team.
5. "Hard work - Not Relevant". They care about productivity, not how hard you worked to be productive.
6. Low tolerance for "brilliant jerks".
7. Pay "top of market" wages. "One outstanding employee gets more done and costs less than two 'adequate' employees." "Employees should feel they are being paid well relative to other options in the market."