Good People - Disconnected and Old School Leadership - Engineer Mazzetti Employee Review

(From Walt Vernon, CEO) We appreciate the views of this person, and we are grateful to see this feedback as we are always looking for ways to make the experience of being part of Mazzetti better. Having said that, we have a couple of thoughts to share to help fill out the picture a bit more. First, we invest a lot into determining appropriate, market-based compensation. We are using Pay Factors, and developing transparent, location-appropriate pay scales for every person in the company. The past year has seen a lot of headhunter activity, and there has been clear salary expectation growth. Our policy is to try to stay as aware as we can of changing market dynamics, and to pay at or above market rates whenever possible. And, while we did lose some employees from the San Francisco office this past year, our turnover rate has fallen in half, over this period, our employee engagement scores are very high, and most of the people who left have migrated out of our industry. Second, we are heavily invested in diversity throughout the organization. Unfortunately, the pool of women who graduate from engineering school who are female or non-Caucasian is very small, and, in previous years (when the people now in their 40s, 50s, and 60s graduated), the fraction was even smaller. We are doing everything we can to make the organization a great place to work for all, and we very intentionally recruit from as diverse a pool as we can, including advertising on sites specific to underrepresented or marginalized populations. We constantly seek to provide opportunities for all of our people to grow and to assume leadership roles. And, we do so with more transparency than any other firm we know. From what we can tell from industry averages, we have a much more diverse team than our competition – not that we are ever satisfied – Finally, I readily confess that I am less than perfect. And, I am always grateful for observations that help me to think about how I can do I better. However, over the past thirty years, we have managed to build a very strong organization, and we will continue to stay focused on that never-ending goal.