The People & Culture Platform | Culture Amp

Venture Backed 2021

The venture backed benchmark contains organizations that are funded by venture capital firms and are therefore from a wide range of industries.

  • ~2.5m

    Questions answered
    in last 12 months

  • /
  • ~70

    Organizations

These insights represent ~2.5m questions answered from ~70 organizations, ranging in size from 40 to 2,200 people, in the last 12 months.

The data meet our criteria as being robust and reliable; unlikely to substantially change over time; and representative of the wider industry. Read more about the methodology.

Data provided by Culture Amp

Industry breakdown

  • Computer Software

    28%

  • Internet

    20%

  • Computer & Network Security

    7%

  • Financial Services

    7%

  • E-learning

    4%

  • Real Estate

    4%

  • Food & Beverages

    4%

  • Consumer Services

    4%

  • Insurance

    3%

  • Information Technology and Services

    3%

  • Hospital & Health Care

    3%

  • Biotechnology

    3%

Region breakdown

  • North America

    73%

  • Europe

    12%

  • Asia

    7%

  • MEA

    5%

  • Oceania

    3%

  • South America

    1%

Are employees committed to their organizations?

Engaged people are emotionally committed to their organization. These people stay at their organizations longer and are more productive and effective. Successful organizations have more engaged employees.

75% of Venture Backed employees are engaged

This is in the top 33% compared with other industries.


The average eNPS score for organizations in this benchmark is 32 and is in the top 18% compared with other industries.

Understanding the engagement questions

Engagement is defined through these five industry-standard questions from Culture Amp’s engagement survey template.

[Company] motivates me to go beyond what I would in a similar role elsewhere

74%

3% above global average

I would recommend [Company] as a great place to work

86%

2% above global average

I am proud to work for [Company]

89%

2% above global average

I rarely think about looking for a job at another company

59%

Same as global average

I see myself still working at [Company] in two years' time

65%

2% below global average

The highest scoring question for Venture Backed had 94% of people agreeing that they understand how their work contributes to [company]'s mission (+1% compared to overall) while they were generally most positive about Work & Life Blend.


People in Venture Backed were generally least favourable about Service & Quality Focus, and were most negative towards 'I have seen positive changes taking place based on recent employee survey results' with 11% of people disagreeing (+0% above average).

Which questions matter the most?

Different things are important to different cultures. If you want to make more of your people engaged then you need to know what is important your people. These questions are most important to keeping people engaged in Venture Backed organizations.

1

The leaders at [Company] have communicated a vision that motivates me

75% favorable


The factor this relates most closely to is Leadership

Which questions matter the most?

Different things are important to different cultures. If you want to make more of your people engaged then you need to know what is important your people. These questions are most important to keeping people engaged in Venture Backed organizations.

1

The leaders at [Company] have communicated a vision that motivates me

75% favorable

Leadership
2

I believe there are good career opportunities for me at [Company]

67% favorable

Learning & Development
3

[Company] is a great company for me to make a contribution to my development

80% favorable

Learning & Development
4

[Company] effectively directs resources (funding, people and effort) towards company goals

65% favorable

Company Performance
5

I am happy with my current role relative to what was described to me

77% favorable

Alignment & Involvement

How long do people stay?

In the short term, 17% of people in this benchmark are thinking of or actually seeking jobs elsewhere (-1% compared to overall) while on a longer time frame, 11% of people see themselves leaving within two years (+1% compared to overall).

The following questions had the biggest impact on whether individuals felt that they were planning to stay at their organization and not actively looking for alternative jobs.

1

[Company] is in a position to really succeed over the next three years

84% favorable

Company Performance
2

I believe there are good career opportunities for me at [Company]

67% favorable

Learning & Development
3

I believe my total compensation (base salary+any bonuses+benefits+equity) is fair, relative to similar roles at other companies

58% favorable

Alignment & Involvement
Average Glassdoor ratings

We’ve connected the employee feedback data for each company included in the benchmark with ratings from Glassdoor.com, which is one of the world’s largest job and recruiting sites combined with a growing database of company reviews, CEO approval ratings and more.

Overall Rating

3.9 stars (+0.1)

Culture and Values

4.0 stars (+0.1)

Work Life Balance

4.0 stars (+0.2)

Compensation and Benefits

3.9 stars (+0.3)

Career Opportunities

3.7 stars (+0.2)

Recommend to Friend

71.0% (+0)

CEO Approval

85.0% (+1)

How does Venture Backed compare?

Organizations in Venture Backed tend to be very similar to the global all industries insights, with no significant departures from the average.

Insights data provided by Culture Amp. For a complete overview of 2021 Insights (Culture Amp Platform benchmarks) visit the Culture Amp Support Guide.

What makes Insights special? Gain a deeper understanding of how they work.

Learn more about Insights with Culture Amp’s benchmarks

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