Crooked operation - Anonymous employee Sovos Employee Review

I’m deeply affected by your negative perception of our senior leadership team. In our last engagement survey, employees agreed the company and, by extension, our leadership team operated with strong values and ethics. This result, based on anonymous feedback we collect from our employees, is a source of pride to me personally and the rest of the leadership team. Let me assure you high attrition is not an organizational goal. Quite the opposite. The leadership team sets goals each year for employee engagement as indicated by lower employee attrition. Our organization has grown from 170 employees to well over 1,000 employees in just a few years. I recognize our fast growth and the accompanying change is not easy on either our existing employees or those employees joining our organization by way of acquisition. Despite the challenges of a high growth and rapidly changing organization, I’m proud to celebrate the nearly 100 people passing long tenure milestones with our company in 2018. As for compensation, our salaries and benefits are regularly benchmarked to industry standards and for geographic location. We are diligent in this regard, which has led to a continuous stream of compensation increases, benefits improvements and other work life enhancements. As just one example, we have not increased health insurance premiums for 3 consecutive years despite average increases above 5% in the United States. Rest assured, we will continue to improve our total compensation and benefits package to assure we compete effectively for top talent in an increasingly competitive world. I feel badly that somewhere in all the change, we lost your personal engagement. Again, I’m deeply affected to think a former employee may carry this animosity towards the leadership team and the greater Sovos organization. We understand and openly acknowledge the Sovos work environment is not for everyone. We further acknowledge we have areas to improve and are proactively working to address them with the help of our valued team members. Let me assure you one of our overarching goals is to create a workplace where career-minded individuals come together to take on the unique challenges of a growing organization while advancing in their careers and thus improving their individual way of life. I remain personally committed to realizing this purpose - as does our entire leadership team. That’s the bottom line for all of us. - Andy