Greetings,
The big downside to this will be the collaboration and change that is effected by having a modern hip workspace, where an executive can chat with an intern and brainstorm, and where meetings take place without borders, so that resources who may be walking by can overhear something and offer a comment.
Two in a box was an unmitigated success, but our urban play centers were not offices; they were vibrant idea factories that transformed how business got done.
How do we recreate this virtually? The Leadership Team will be conducting an employee engagement survey so that workshops and training sessions can be held on this important topic.
Let me be clear, the only reason the numbers have been artificially low is because of the implicit bias of the Drumph Administration against ed-tech companies. The backward group of illegally "elected" misfits loves the poorly educated and loathes anything to do with moving society forward.
If the orange dotard knew 1/1000th about business as MH, KC, etc., he wouldn't have been bankrupt and convicted.
After reviewing last quarter's activation rates, it is clear that Cengage Unlimited has been a game changer. We continue to lead our competitors within the Education Technology space, and it has become evident that we have emerged so far in the lead that the competition can't even begin to devise a strategy to compete with our success.
Cengage Unlimited has literally redefined how students learn. Many competitors are simply print companies selling technology but we have and continue to redefine learning as we embark upon a journey into an industry that didn't exist five years ago. As Cengage employees, you have embraced change head-on, lived our credo, and breathed our ethos every day, and for that, you should be celebrated!
Although Cengage Unlimited has been a game changer for the industry revenue has fallen. The executive team is aware of this and are working with our investors on a plan to continue to grow our market share. However, we can't simply redefine how the world learns and create new markets without some pushback.
What would you say if I told you that Amazon was at one time considered a failure? Would it surprise you to know that for 14 long years Amazon lost money? Amazon's original stock price was around $15/share today it's over $3000/share.
We have conducted many surveys and have taken that data seriously. We have spoken with many managers and handpicked favorite employees to learn what they want to see at Cengage. While the surveys show that 97% of all employees fully trust the leadership team 77% feel that Cengage's compensation plan is below that in other industries. 63% of all employees feel that there is little to no room for advancement in their current position.
These numbers are alarming and we have decided to do something about it. I would like to announce that we will be paying bonuses of 120% and each employee will be rewarded with retroactive pay totaling 110% of wages sacrificed throughout the COVID-19 crisis that was caused by President Trump. In addition to the raise in pay and bonuses, employees will be bringing back the Summer Hours program, albeit with a slight modification.
How are we able to do this? As a reward to our hard-working employees, we will now be paying all bonuses, raises, and retroactive wages with the Cengage Reichsmark! The Cengage Reichsmark is a fun way to earn and spend money while contributing to positive change within the education technology space.
The Cengage Reichsmark, or "Cenmark" as our marketing team has branded it is similar to owning early shares of Amazon. The only difference is that the Cenmark can be traded for anything currently available on Cengage.com! Would you like to earn your MBA or maybe a law degree? The Cenmark can be used to purchase access to the courses you need* online!
Starting Monday there will be a Cenmark portal added on Inside that will allow you to check your Cenmark balance. We are working with an outside vendor to make vending machines in our office accept Cenmark, and we will soon be selling unique Cengage clothing that can only be purchased with Cenmark. These clothing products are the perfect way to be noticed by your manager!
In closing I would like to say thank you. While Cenmark is a new and exciting idea all employees should be proud of the work they have done and continued to do.