One of Frog’s portfolio companies (Winningtemp) have discussed the recent impacts of the pandemic and why reflection around it is important.
If recent times are anything to go by, it’s become clear that the way we work can be re-evaluated as hybrid and homeworking have become more common, but Winningtemp founder, Pierre Lindmark observed that “I see a lot of companies forcing it right now. They start saying, ‘OK, now, you took the second vaccine, you need to be at the office’.”
However, employees would rather leave the organisation as cases continue to rise over this winter period compared to taking that risk. In this situation, employers need to adapt quickly and there are a few different things they can do to motivate the team to continue choosing them.
For example, flexible working conditions help with employee productivity, which “9 in 10 employees consider flexible working to be a key motivator”. Also, reducing time-limited stress, which is common amongst many employees. Chronic, unrelenting stress should not be present in a company environment as this is likely to lead to burnout and resignations.
Additionally, it has been found that there has not been enough support for wellbeing within corporations. Winningtemp’s Head of HR, Sara Holmberg, explains “Instead of chasing higher salaries, we’re witnessing that a lot of the talent pool — especially young talent — is migrating to companies that offer a sense of purpose and a community-oriented company culture.” This shows how well-being support and mental wellness have moved up in the priority list amongst employees and is worthwhile looking into it.
You can read more about Winningtemp’s findings here.
About the author
Steven has over 15 years of private equity experience gained both within private equity firms and as a senior executive of private equity backed companies. He joined Frog as CFO and Partner in charge of Portfolio in 2015. He represents Frog on the boards of Mediatonic, Scoota and Edited.