5 secrets to Beefree's 97% Retention Rate over the past 5 years
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Beefree has achieved a 97% employee retention rate over the past 5 years through focusing on company culture and their way of working. Their culture prioritizes values like caring, open-mindedness, and passion. A key principle is working in public via transparent conversations on Slack. Their flexible way of working has evolved from some remote teams to fully remote currently. They also emphasize values-anchored leadership across the organization and bringing employees together annually through fun retreats.
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5 secrets to Beefree's 97% Retention Rate over the past 5 years
- 1. UP NEXT: 5 Secrets to 97% Retention Rate Over the Past 5 Years with Beefree Enrica Lipari People & Culture Director Growens Massimo Arrigoni CEO Beefree
- 2. 5 Secrets to 97% Retention Rate Over the Past 5 Years with Beefree Enrica Lipari People & Culture Director Growens Massimo Arrigoni CEO Beefree
- 3. A bit of context
- 4. Annual recurring revenue at
- 5. Number of employees at
- 6. Employee retention, last 5 years Ave. Retention last 5 years: 96.62% Ave. Tenure in 2023: 59.5 months
- 7. Why do they stay?
- 8. The main reasons why they stay at Respondents could pick the top 3 reasons. Culture Growens Way of Working Colleagues Product/Technology Professional Growth Company Growth Compensation & Benefits
- 9. Let’s dive a bit deeper
- 11. Culture: Values & Operating Principles Caring Open-mindedness Passion Trust Best In Class Always Us First Truly Helpful Work In Public Remote, together 01 02 03 04 05
- 12. Culture | A key principle: Work in public Default to public conversations (Slack) Rarely use email or private Slack channels Not a small task or quick discussion? Create a wiki page, notify on Slack. Rarely use 1:1 email or DMs
- 13. Flexibility: Our WoW flywheel Shared experiences from WoW help with Beefree’s continued growth. Today Beefree - fully remote Rest of the Growens group - fully in- office. 2015 Beefree’s remote team grows, the business is successful → It starts impacting the rest of the Group. 2016-2017 Still a very heterogeneous Group: some teams remote, others strongly rooted in physical presence in the office. A smart-working pilot project involves a few employees. 2018 Hybrid is the Group’s new designated way of working. People can work: IN THE OFFICE AT HOME ANYWHERE 2021
- 14. People: Values-anchored Leadership Promotes your growth encourages collaboration Is someone you can trust is willing to trust you Believes in experimenting can see the bigger picture Feels responsible for how we work focuses on measuring results Caring Open-mindedness Passion Trust
- 16. Key Takeaways
- 17. 5 Secrets to Beefree's 97% Retention Rate Over the Past 5 Years Culture: Values & Principles matter 01 Culture: working in public is key to promote transparency 02 WoW flywheel: more remote work leads to better remote work policies 03 People: values-anchored leadership across the org has huge impact 04 Fun annual retreats are gold for both talent retention and growth 05
- 18. Thank You And Keep in Touch! arrigoni@beefree.io lipari@growens.io
Editor's Notes
- Inspirational leadership, exciting problem to solve, multi-cultural team, freedom to express myself in my work to name a few reasons. A mix of culture, people, internal growth, and respect for the organization. The main reason I've chosen this company is the values, the most important being trust. Working in a remote environment isn't easy, but having a top down approach in leaders practicing trust allows me to showcase my best work and ask for guidance/support when needed. Another reason is it's evident that my colleagues have fortified the culture of being passionate yet openminded about different approaches. This allows us to have various perspectives on our current projects and better understand the impact our work has on one another. Honest, caring, and transparent company. BEE embodies the message that most companies portray, the only difference is, BEE actually stands by the values that they sell you on when joining. "-So much flexibility in the workplace, -The option to work from home (and get more time with my family because I'm here when they come home), -Great supportive colleagues, - A helpful, competent, and understanding manager" I have the ability to continuously experiment and iterate. The concept of failure is absent as every experience is seen as an opportunity to learn. And also I have the flexibility to work from any location that suits me :) Because I'm very proud of what we are doing, the BU, and the values of the Group
- Expanded the concept of the flywheel to highlight how first Beefree affected the Group, then - as the Group adopted the WoW policy - the shared experience across the Group helped optimize how Beefree works remotely.