Today, Lattice is thrilled to announce our expansion to Europe. As part of our international growth plan, we’ll be opening a new corporate office in London which plans to hire 50-70 local team members across all go-to-market and support functions, including several executive roles, within the next year. We're planning an investment of $110 million in the local region over the next 10 years.
“It has always been our mission to help people everywhere make work meaningful.
Today, on the heels of achieving some exciting business growth, we’re thrilled to be able to double down on that promise to continue to support the HR and People leaders on a global scale,” said Jack Altman, CEO of Lattice.
Before having a formal presence in Europe, Lattice served a growing portfolio of close to 400 international customers, which comprised over 12% of the company's total revenue. Our new team will offer stronger regional support to existing customers and partners across Europe,an important and growing part of the business. This increase speaks to the continued trend of investment in employee-centric solutions to retain, engage, and develop employees in the new world of work.
"The balance of power in talent markets has shifted dramatically over the past few years and employees now have more choice than ever on where to work and who to work for,” said Brennan O'Donnell, Partner at Frontline Ventures, a Lattice Series E round investor. “Lattice is leading the way on what it means to build an employee-centric company for the cross-border and post-pandemic world of work."
The increased momentum and focus on employee experience reflect the escalating demand for businesses to re-examine their people management and engagement processes. Deloitte’s European Human Capital Trends Report found that 54% of leaders are reimagining work processes moving forward, a figure up from only 28% prior to COVID-19. More companies are re-evaluating outdated people practices in an effort to better understand their employees’ performance and engagement, as well as foster their development and growth.
This strategic change is catalyzing a significant shift across HR. A survey of Chief Human Resource Officers at some of Europe’s largest organizations, by McKinsey & Company, found over 98% were thinking about how HR can shift from mechanistic skill and talent management to addressing the employee experience in a more targeted, dynamic way.
We’re excited to continue to build our community of HR and People leaders internationally and look forward to the new opportunities our European headquarters provides.
“With the UK representing one of our most important markets, we’re excited to partner with an established performance and engagement management tool like Lattice,” said Samantha Richards, Country Manager UK/I at Personio, European HR software provider and Lattice partner. “The integration will enhance our all-in-one HR solution and further help European SMEs to improve employee performance, engagement, and development, ultimately driving their business forward.”