This is the sixty-second issue of Culture Amp's weekly email updating you on all the best #peoplegeek news around.
"People don't need perfect leaders. They need human, humble ones. #leadership #companyculture"
Bastian Lehmann, Co-founder and CEO of Postmates, discusses the importance of a company’s core values. “Building a company is often a balance between short term decision making and long term strategic thinking,” says Lehmann. The earlier the values are set in your company, the better. These are things that reach all parts of your company and customers. From the hiring process, to product to scaling, core values guide everyone involved.
Holacracy and beyond (4.5 min)
While they have been operating a Holacracy model for some time, Medium recently decided to evolve their workplace philosophy. Holacracy itself is built around the idea of bringing structure to a peer-to-peer workplace. However, after realizing that some aspects of Holacracy were holding them back (record keeping and public perception being cited concerns) they set about establishing their own principles for organizing and managing their company. Their principles will lead to their own management model which includes: a rubric for decision making; a process for assigning ownership and greenlighting key strategic initiatives; and tools to map their organization and track work.
In the world of startups, failures are celebrated as learning opportunities. Sharing these stories serves as a gateway into a group of risk-taking innovators. But what counts as truly failing can be subjective. People with social ties to angel investors can easily rebuild capital after a failure, whereas others without such resources cannot “fail successfully.” The ability for the elite to rebuild quickly while others are boxed out leads to a pool of innovators that is homogenous. While the general trend of forgiving failure moves us away from idolizing perfection, the system needs improvements to open the door for a more diverse group of innovators.
Culture Amp's 2016 Benchmark Report
We are proud to announce the release of our 2016 New Tech Benchmark Report. Our benchmark report is the industry standard for analysis and insights into what is keeping people engaged at their companies. Employee engagement is an expensive issue. The cost of companies losing valuable people can be as high as $188 billion per year. Whether companies are classified as New Tech or not, the Culture Amp New Tech Benchmark 2016 is relevant reading. Understanding trends across the board can help organizations identify key areas that can impact the engagement of their employees.
We’re proud to announce our Series B raise with a US$10 million investment lead by Index Ventures with Blackbird and Felicis Ventures making up the round. It’s been quite a year, since raising our Series A, and we thought we’d take the time to reflect on everything we’ve achieved to date. Of the many things we’ve accomplished this past year: We’ve helped over 500 companies build better places to work; launched 5000+ surveys; grown from 15 to over 60 CAmpers - and we’re still hiring; continued to invest in, iterate and strengthen our product; gone from a HQ in Melbourne to a new office in SF, New York, and this month will be opening one in London.
We’ve got a lot of People Geekups planned for 2016. If you’d like to host a People Geekup in your city in 2016, reply to this email and we will be in touch.
Melbourne, Australia on March 10th.
San Francisco on March 16th.
Vancouver, Canada on March 21st.
Toronto, Canada on March 22nd.
Auckland, New Zealand on March 22nd
Chicago on March 24th.
Denver on March 29th.
If any of the events are sold out, make sure to grab a waitlist ticket as we’re looking to expand some of the venues.
Check out back issues of the Geekly and other things going on at Culture Amp over at our Blog and PeopleGeeks.com.