Quick facts

About Octopus Investments


What is it like to work for Octopus Investments

Leadership
Leadership
In October 2013, the senior management team at Octopus were searching for ways to bridge any perception of distance between themselves and the rest of the company as a result of their significant growth. They decided to don the aprons and chef’s hats and cooked a Jamaican-themed lunch of goat curry (complete with side dishes, vege options and pudding) for the entire company. This was achieved with the help of just one trained chef to help guide them – they arrived at 6am to help set up a temporary kitchen and worked solidly until the middle of the afternoon in order to cover all aspects of service. All staff were invited to 6 different sittings and were sat randomly in order to create a mixed environment in a relaxed setting where employees mingled between teams and all levels of seniority/tenure in the company. The event was such a success in building positive levels of engagement that two more “cook offs” were planned for November and December 2013 and there are more on the agenda for 2014.

My Team
My Team
All staff are invited, twice a year, to a fun day – in which they join with a random selection of their colleagues (numbering 25-30) in a half day fun event of their own design. The emphasis is on team building and networking in a fun (usually competitive!) environment. Recent examples have included: go-carting, Crystal Maze-type challenges, cocktail and pizza making, walking history tours, table football/ping pong competitions, pub quizzes, attending greyhound racing, crazy bingo, a murder mystery, and amateur magician classes. In addition, they have a company-wide team building and fun event that takes place around midsummer’s day, each year. Previous examples include a company values-themed fashion show (swapping a donation to Age Concern for a variety of vintage clothing as base materials!) and this year all staff went to Pineapple Dance Studios where they were separated in to random teams, paired with professional choreographers and entered in to a team dance-off, on stage at the Lyric Theatre in London’s West End. Each team is invited to host a monthly drinks and social party of their own theming. A budget is provided to cover the cost of drinks, food and entertainment props. Recent examples include a “Casino Royale” evening, a kids-themed party (e.g. with pass-the-parcel and musical chairs), a US-style “Frat” party complete with party games, and a New Zealand wine-tasting evening.
My Company
My Company
There are no offices at Octopus: everyone in the business (CEO included) sits at an open-plan desk and the senior managers hot-desk every Friday in a different area of the business in order to meet with and be approachable to the different teams. Their new people manager survey has presented new opportunities for staff to give feedback to improve the quality and experience of their team’s leadership, 1-2-1s and development conversations. All employees take an annual employee engagement survey. As part of the performance review process, employees get quarterly feedback from a variety of colleagues (360 degree feedback). All employees attend a “Giving Effective Feedback” workshop to highlight the worth of grounded development as well as positive recognition in order to make their feedback as honest and specific as possible. The management committee has handed over responsibility for a number of the day-to-day decision making processes and associated budgets to the “Cross-Functional Team”, made up of voluntary representatives from each team. This budget is just under £100k p.a. Their responsibilities include a number of the social events that take place, the selection of and relationship with the company’s charitable partner and green policies etc. All managers go through a series of manager workshops that provide them with the tools to conduct regular 1-2-1s and career development conversations, how to conduct team training events and meetings and to understand their particular strengths as managers – and how to capitalise on them as well as build skills in their development areas.

Learn more about the 8 factors of workplace engagement here

Benefits:

  • Shares
    Shares

    Companies where employees are offered share options

  • Holidays
    Holidays

    Companies offering a minimum of 25 days annual leave

  • Gym
    Gym

    On-site gym or subsidised gym memberships

  • Childcare
    Childcare

    On-site nursery or vouchers

  • Pensions
    Pensions

    Companies offering a final salary or non-contributory pension scheme

  • Health Insurance
    Health Insurance

    Full family cover

Company Statistics

  • UK sites:

    1

  • Staff Turnover:

    16%

  • Staff:

    255

  • Average Age:

    35

  • Male : Female:

    58% / 42%

  • Earning £35,000+:

    69%

Accreditation

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