Today, Marissa Mayer, Yahoo's new CEO, announced two major changes to its employee policies:
- There will no longer be a "rest week" at the Holidays and
- There will be consequences if you're performing in the lower 20% of the company's internal rating system.
These are both good decisions for the company. Here's 5 reasons why:
- The company can't afford a "rest" period at all. It's in the midst of a major change to save its life. You don't take naps when you're doing life-saving measures.
- The Yahoo that Mayer is leading forgot what it takes to be successful - particularly in the tech sector. The key: You never stop acting like a start-up. Start-ups don't rest. They're too busy changing the world...and their code. 24/7/365.
- To succeed - no matter what the industry or sector - you have to be hungry. You have to want it. You have to be willing to sacrifice. There are no laurels to sit back on. The second you've stopped leaning forward, you're lost. So's your company.
- The 20% that aren't hungry don't belong in a company that is fighting for its life. Let them find other employers that aren't as concerned about complacency. They're out there. In fact, unfortunately, that's the majority of employers...which leads to the question: Are you accepting complacency in your enterprise?
- Because Mayer is using a like-system to Google's employee evaluation system - highly data-driven, measured, monitored and integrated by teams and functions while, ultimately, intrinsically motivated - Yahoo's employees have the opportunity to take their careers in hand...now...and make sure they're not part of that 20% to be culled. They've been given fair warning. Now it's on them.
Marissa Mayer knows what it takes to build and maintain a tech giant. After all, she was key to that occurring at Google. That's why the Yahoo Board tapped her for CEO.
Give the company a chance and watch what happens now. As long as she remains committed to the direction she's set, the culture at Yahoo is in for a big change...all for the good.