Performance Management at Memgraph or How We Achieved Growth in the Pandemic Period

Memgraph has successfully navigated the challenges posed by the COVID-19 pandemic by implementing a robust performance management system centered around continuous feedback and employee engagement surveys, which has helped ensure alignment and efficiency within the company. As the pandemic necessitated a shift to remote work, Memgraph adapted quickly by providing resources for home offices, optimizing processes for virtual collaboration, and ultimately deciding to make remote work a permanent fixture, which allowed them to tap into a broader talent pool across six countries. The company achieved significant milestones such as securing $6.7 million in funding and increasing its headcount by 25% in 2020, as well as maintaining an average annual growth rate of 26% in 2021. Memgraph also focused on employee-centric policies, revising compensation strategies to account for inflation and ensuring salaries are competitive within local markets, leading to a rise in average salaries by 30% since the pandemic began. The positive results of these initiatives are reflected in employee engagement surveys, which indicate that the continuous feedback approach is positively impacting work-life balance and contributing to the company's growth and success.