13 Nov 2023
Anonymous employee
EO Charging Response
2yHello and thank you for your feedback. I'll try to cover the main points.
1 - business strategy is something that absolutely should change and evolve as the business grows and develops. Keeping an eye on the market and pivoting as and when needed is a sign of a good leadership that keeps the business going and growing. There were many that were reluctant to change and are now unfortunately out of business.
2 - staff turnover is not really an issue in EO and would love to know the data you're basing your assumptions on. EO has definitely evolved from a manufacturing family business to now include more verticals, and this may not be the right environment anymore for some people and that's OK! different stages of a company appeals to different people and we must embrace that and support people as they move along.
3 - as mentioned above - pivoting and changing to maintain and grow the business sometimes entails letting some people go. I don't think there's ever been a sad announcement like this that wasn't followed by criticism. There's no clear right or wrong to manage a process like this and different people receive news in different ways. Myself and the leadership team have been speaking to many of our team members every day all day and try as hard as we can to support. If you have anything to share with us that you think will be beneficial then please do :)
4 - the latest hiring in the leadership team came from specialised agencies (CFO, CRO and DoP) and not from LI search or personal recommendations. Having said that I don't think using LI or referrals is a negative thing. LI is a huge professional network with ~900M users. It's purpose is to make connections, network and support people finding their next role. It is used by anyone who's doing sourcing. Referrals as well are a great tool to source new talent - this also usually comes with a significant monetary payout for those who refer people. People like to work with great people and people they know. It's been proven to reduce churn.
If you are still working in EO, I'd love it if you could send me a message or let me take you out for coffee so we can discuss your feedback more.