Enstoa is truly a people first company. At the start of each year, we gather all of our team members from around the world for our annual Spark session, 3 days of off-site meetings, interactive sessions, team building activities and events. We reflect on successes and lessons learned of the prior year, and socialize the strategy for the year ahead.
Most of us have been taught to believe incentive-based compensation (“bonuses”) to be an essential management tool. The widespread use of this in almost all industries around the globe is a testament to how entrenched a concept it has become. Enstoa tested this theory in 2013 by scrapping bonuses and can now confirm the practice is useless, even harmful. We grew revenue-per-employee by 40% within four quarters of making the change. It wasn’t an anomaly—our 2015 growth is solid and 2016 looks good.
As a tech company, how does Enstoa engineer in innovation and dynamic thinking? We strive to create teams made up of individuals that don’t think the same. We like our teams to consist of individuals with different backgrounds, ideals, anxieties, experiences, and personalities. We fear group-think and have a core belief that heterogeneous teams always outperform homogeneous teams.
