In this week's episode Jeff Melnyk is joined by former iTech Media COO, Alan Cairns. Together they dig into what is happening in the world of tech, what the impact of mass layoffs could look like and what it takes for leaders to create a purposeful + culture driven organization.
Learn more about Within People and the work we do here.
Hey everyone.
Jeff Melnyk:Welcome back to re-Imagining Work From Within.
Jeff Melnyk:I'm Jeff Melnyk based in San Francisco.
Jeff Melnyk:I've been wanting Alan Cairns on the show for quite some time and managed
Jeff Melnyk:to convince him over a margarita.
Jeff Melnyk:That now was the time, given the current state of play in tech and his passion for
Jeff Melnyk:purpose led businesses, I wanted to get his personal perspective on what a culture
Jeff Melnyk:first tech sector actually looks like.
Jeff Melnyk:Alan is a brilliant leader that I've had the pleasure of working with
Jeff Melnyk:for several years in two different businesses, Mo and iTech Media.
Jeff Melnyk:Through his career journey, he's successfully transitioned from
Jeff Melnyk:chief people officer to c o O, bringing the best bits of the former
Jeff Melnyk:and learning a lot along the way.
Jeff Melnyk:He brings positivity, vulnerability, fun and energy to everything he does.
Jeff Melnyk:He has worked for and with some of the UK's most celebrated entrepreneurs
Jeff Melnyk:and advised founders on commercial growth, bringing into play his
Jeff Melnyk:knowledge, experience, and playbook to help solve scaling challenges.
Jeff Melnyk:. It's so great to have him on the show today.
Jeff Melnyk:Welcome Allen.
Jeff Melnyk:How have you been since the new year?
Alan Cairns:Amazing actually.
Alan Cairns:Yeah.
Alan Cairns:Yeah.
Alan Cairns:I had really good Christmas, new Year, lots of time with family, lots of time
Alan Cairns:with friends, parties at different people's houses and everything,
Alan Cairns:and that was super, super fun.
Alan Cairns:Yeah.
Alan Cairns:It's been bit been a joy really having a bit of time to actually engage
Alan Cairns:with everyone and get some, some good kind of outdoor time as well.
Alan Cairns:That's been.
Jeff Melnyk:And does it feel like you've stepped into a new year
Alan Cairns:already?
Alan Cairns:Definitely.
Alan Cairns:Yes.
Alan Cairns:Chinese or otherwise?
Alan Cairns:Yes.
Alan Cairns:Yes, I absolutely
Jeff Melnyk:have.
Jeff Melnyk:What does the year of Rabbit of the Rabbit bring for you, Alan?
Alan Cairns:Well, , who knows what the year of the rabbit will bring, but A
Alan Cairns:purposeful business, I'm pretty sure.
Jeff Melnyk:Hmm.
Jeff Melnyk:I hope so.
Jeff Melnyk:Yes.
Jeff Melnyk:So we've known each other for quite some time.
Jeff Melnyk:We worked together when you were at Moo and then you went on to some
Jeff Melnyk:other ventures and found us again when you moved to iTech, but you've had
Jeff Melnyk:quite an interesting career moving through the world of HR and then
Jeff Melnyk:into a COO role and through ventures.
Jeff Melnyk:Tell us a little bit about the Allen story.
Jeff Melnyk:How's your career been?
Jeff Melnyk:As a young child to today, but give us, give us a little bit of flavor of what's,
Jeff Melnyk:what's been the, the sort of narrative arc of your career journey, Ellen.
Alan Cairns:Absolutely.
Alan Cairns:So the best way to describe this is I've, I've always worked for
Alan Cairns:businesses with a true purpose.
Alan Cairns:So back in 2007, I joined Money Supermarket and Money Supermarket.
Alan Cairns:Its purpose was to help people to save.
Alan Cairns:, and that's absolutely what we did as a business.
Alan Cairns:It's a company that I have been with the longest, so I was
Alan Cairns:there for eight years in total.
Alan Cairns:And really helped to shape the business from a startup that
Alan Cairns:had just iPod into a successful footsy that was in a people role.
Alan Cairns:I then moved on to there, and this is when Jeff and I met when I went to
Alan Cairns:work for Moo Again in a people role.
Alan Cairns:Absolutely loved it.
Alan Cairns:Very creative business.
Alan Cairns:Really nice vibe.
Alan Cairns:and we did some great work around purpose, around culture, around values,
Alan Cairns:and really helped to kind of shape the business around those central tenants.
Alan Cairns:Absolutely love that.
Alan Cairns:And both
Jeff Melnyk:of those, both of those roles, I mean, money Supermarket was
Jeff Melnyk:interesting I guess at the time because that was sort of before the whole
Jeff Melnyk:Purpose Site Geist was going on and Money Supermarket, very big brand in the uk.
Jeff Melnyk:And, and so kind of ahead of the curve and then the.
Jeff Melnyk:Moo, I mean, at Moo you had great design for everyone as a purpose,
Jeff Melnyk:kind of already embedded there.
Jeff Melnyk:When, when we met, didn't we, that was part of, of what the founder
Jeff Melnyk:wanted to see in the business.
Jeff Melnyk:It was something that was really important to him.
Jeff Melnyk:So, so you've, you've kind of chosen brands that were at the cutting
Jeff Melnyk:edge of that sort of culture and purpose nexus, weren't you?
Alan Cairns:Absolutely.
Alan Cairns:I, and I think that was very deliberate for me.
Alan Cairns:I've always said, I want to be able to describe a business either by its product
Alan Cairns:or its service so that my children, and we could go into a whole different
Alan Cairns:conversation there straight away.
Jeff Melnyk:All nine of them,
Alan Cairns:all nine of them , but so that my children or my parents or my
Alan Cairns:friends could immediately understand what it was that the business did.
Alan Cairns:probably why I've never worked in crypto.
Alan Cairns:Right.
Jeff Melnyk:more on that in episode two, . But, but feeling so, so, so when you went
Jeff Melnyk:to Money Supermarket and Moon, we'll, and we'll continue on your journey in a,
Jeff Melnyk:in a second, but when you went to those companies, you were seeking them out.
Jeff Melnyk:So you were thinking, I need a business that is, That is purpose driven.
Jeff Melnyk:Were you looking for a business that was also sort of culture focused as well?
Jeff Melnyk:Like you're in a people role, obviously that'd be important to you,
Jeff Melnyk:but were the things that you were seeing at Money Supermarket or Moo
Jeff Melnyk:that were good indicators that this was a business that I knew culture
Jeff Melnyk:was going to be a driver here.
Alan Cairns:Yeah, it was a really important, I suppose, central tenant of
Alan Cairns:what I was looking for in a business.
Alan Cairns:I may not have used those terms to describe it at the time, but
Alan Cairns:what I was looking for was either something that was broken that needed
Alan Cairns:fixing, so almost like a turnaround.
Alan Cairns:Yeah.
Alan Cairns:Or something that already had a great culture and that you
Alan Cairns:could actually build on top of.
Alan Cairns:And the money supermarket, it certainly wasn't broken, but the business had
Alan Cairns:just iPod and it still felt like a startup and it needed to grow up
Alan Cairns:rapidly to professionalize because it was suddenly a plc and suddenly you had
Alan Cairns:shareholders and analysts looking at it.
Alan Cairns:So that was about going through that journey.
Alan Cairns:I think the, the people team was something like three people when I
Alan Cairns:joined and about 30 people when I left.
Alan Cairns:So you can understand the kind of the growth journey that that went.
Alan Cairns:. Jeff Melnyk: Yeah.
Alan Cairns:Yeah.
Alan Cairns:And Moo also scaled really fast quickly the time through the
Alan Cairns:time you were there as well.
Alan Cairns:Hey, that was not a different kind of trajectory in terms of not wanting to
Alan Cairns:be a public business in the same way, but really grew and expanded quickly.
Alan Cairns:What those challenges is that, is that your bread and butter?
Alan Cairns:Is that the joy?
Alan Cairns:Yeah, I think so.
Alan Cairns:I, I, I get a real buzz out of that.
Alan Cairns:I think that it's, it's, you know, obviously with
Alan Cairns:limitless budgets, it's easy to.
Alan Cairns:But doing that without a limitless budget and being able to do that
Alan Cairns:carefully and very deliberately, that to me is the most important part of it.
Alan Cairns:And having a founder that you can kind of work shoulder to shoulder with and you
Alan Cairns:can steer and navigate your way through, they're the most important parts for me.
Jeff Melnyk:What did you notice about the founders of Money Supermarket in Moo?
Jeff Melnyk:Was there something about those founders that you also noticed as being integral?
Alan Cairns:Yeah, so in in Money Supermarket I was
Alan Cairns:recruited by Simon Nixon, who was the founder of the business.
Alan Cairns:Went on to be chair and then just as a shareholder in the business.
Alan Cairns:So we then hired in a C E O and in Simon, I noticed someone that was
Alan Cairns:genuinely passionate about what he was doing, that he'd started this business.
Alan Cairns:After leaving school, he'd started a business where he literally
Alan Cairns:knocked on people's doors to sell mortgage products and so on.
Alan Cairns:And from that, he'd learned a lot.
Alan Cairns:And it was all customer feedback.
Alan Cairns:It was people saying, I want this, I don't want that.
Alan Cairns:And then he realized that he could actually set that up
Alan Cairns:online and suddenly the business transformed as a result of that.
Alan Cairns:Hmm.
Alan Cairns:So what I saw in Simon was someone who was absolutely driven, like one of the
Alan Cairns:most driven people I've ever worked with.
Alan Cairns:Very, very passionate about what he wanted to do, but didn't have all of the.
Alan Cairns:So what I found was a nice kind of, Almost like two cogs fitting together.
Alan Cairns:You know, here's some things that I'm good at, you are not, and vice versa.
Alan Cairns:And the, and the two of us fit together very, very well.
Alan Cairns:Yeah.
Alan Cairns:Great talk.
Alan Cairns:Talking about Richard, I learned an awful lot from Richard.
Alan Cairns:He's a creative genius and you've worked with him as well.
Alan Cairns:You, you, you know this Jeff, and watching him apply a level of detail
Alan Cairns:I've never seen in my life before to.
Alan Cairns:Now the way a business card would be shaped to a font, to a cup,
Alan Cairns:to a notebook, little things like that, that attention to detail.
Alan Cairns:Yeah.
Alan Cairns:Kind of transcribed into Make It Values was absolutely incredible
Alan Cairns:and a real learning point.
Alan Cairns:But I would say the parallels between the two would be that Driven Nature combined
Alan Cairns:with a passion for what they were doing.
Alan Cairns:Each one did something completely different, but they were
Alan Cairns:absolutely passionate about.
Jeff Melnyk:Yeah.
Jeff Melnyk:The deep sort of passion within their soul, a purposefulness within them of this
Jeff Melnyk:is, this is what I'm trying to do here.
Jeff Melnyk:It's, it's interesting where that, the what and the why come together
Jeff Melnyk:so closely with founders, right?
Jeff Melnyk:Like, I know why I want this, and I know why the world wants this.
Jeff Melnyk:I know the vision of where I'm gonna go, but I can tell
Jeff Melnyk:you like the beveled edge of.
Jeff Melnyk:The card that we're about to invent needs to be a quarter of a quarter
Jeff Melnyk:of a quarter of an inch smaller in order for it to be successful.
Jeff Melnyk:I think that's, there's something about that semi neurosis in a
Jeff Melnyk:founder that's kind of important.
Jeff Melnyk:Otherwise, things get lost, don't they?
Alan Cairns:Yeah, they do.
Alan Cairns:I, I think that's a, I think that's a really, really good
Alan Cairns:point that that level of detail.
Alan Cairns:I mean, you heard that Steve Jobs is probably one of the best
Alan Cairns:examples of that, all about the.
Alan Cairns:Yeah.
Jeff Melnyk:Yeah.
Jeff Melnyk:And yet we're told, of course, founders must be visionary.
Jeff Melnyk:They have to always be big picture, and yet that's not necessarily the truth.
Jeff Melnyk:They also love to get in the weeds.
Jeff Melnyk:Okay, back in the weeds with you though.
Jeff Melnyk:So after Moo, where did we go?
Jeff Melnyk:. Alan Cairns: So after Moo, I thought,
Jeff Melnyk:I wanted to challenge myself.
Jeff Melnyk:I wanted to do something that I'd never done before.
Jeff Melnyk:So an industry I'd never worked.
Jeff Melnyk:And also could I make it somewhere super small?
Jeff Melnyk:So I joined two companies.
Jeff Melnyk:In parallel, I joined a startup systematic hedge fund with 12 people in it.
Jeff Melnyk:Again, with a very, very smart founder and I also joined Octopus Ventures, who a
Jeff Melnyk:vc, which helped about, there's now 200.
Jeff Melnyk:At the time there was probably a hundred businesses that they
Jeff Melnyk:invested in all different startups at different stages from a two person
Jeff Melnyk:to maybe a two 300 person business.
Jeff Melnyk:And in Octopus it was about helping founders to scale their businesses.
Jeff Melnyk:And in the hedge fund, it was about scaling the hedge fund
Jeff Melnyk:in a completely different way.
Jeff Melnyk:Because I was trying to bring in the best PhD systematic
Jeff Melnyk:mathematicians in the world.
Jeff Melnyk:I learned things like PhD maths humor, which is a.
Jeff Melnyk:It's a particular nuanced humor, believe me,
Jeff Melnyk:exceptional.
Jeff Melnyk:You can roll that out at, at dinner parties today.
Jeff Melnyk:I'm, that's, that's a gift that keeps on giving it.
Jeff Melnyk:Okay.
Jeff Melnyk:And, and so, so the notion there's still like, how do we scale through various
Jeff Melnyk:different means then leading you into where you've been recently at iTech?
Alan Cairns:Indeed.
Alan Cairns:So iTech, I had a reach out from Harley, who's the founder of iTech.
Alan Cairns:I'd only been in the other two roles for, well, it was less than a year.
Alan Cairns:Mm-hmm.
Alan Cairns:, and in my head I was, well, I'm going to be in these two
Alan Cairns:companies for the next five.
Alan Cairns:But Harley sold me on a really strong vision of what
Alan Cairns:the company was going to be.
Alan Cairns:I met a few other people in the business and I thought, this potentially is
Alan Cairns:going to be life changing for me.
Alan Cairns:And it was a great opportunity to take all of the people learnings that
Alan Cairns:I had from different businesses, and I've been in some operational roles
Alan Cairns:before, but to combine those into a COO role and joining a business
Alan Cairns:at the time that had 50, 60 people.
Jeff Melnyk:and, and I mean, that seems, looking back, it
Jeff Melnyk:seems very logical, doesn't it?
Jeff Melnyk:You've been through these rapidly scaling businesses in
Jeff Melnyk:a, in a people and culture role.
Jeff Melnyk:You understand culture.
Jeff Melnyk:iTech has a desire to be a culture driven business.
Jeff Melnyk:It's the perfect match, isn't it, to then go into that COO role.
Jeff Melnyk:Was that daunting to you though, to, to go to go into the coup
Jeff Melnyk:? Alan Cairns: To go into
Jeff Melnyk:I'm, I'm a big believer that you should kind of feel the fear and do it anyway.
Jeff Melnyk:Okay.
Jeff Melnyk:So with without a question of a doubt.
Jeff Melnyk:Yeah, because it was something I'd not done before.
Jeff Melnyk:You know, I'd not ran a large engineering team in my life.
Jeff Melnyk:I'd not run a finance team before.
Jeff Melnyk:But things like that are great opportunities to challenge
Jeff Melnyk:yourself and to kind of stretch what you are actually capable of.
Jeff Melnyk:Yeah.
Jeff Melnyk:And did you, so there was that stretch to, to be able to see, okay,
Jeff Melnyk:I, I'm gonna need to take these teams at scale now as well as we start to grow.
Jeff Melnyk:What did you draw on from, was there experience or qualities of your leadership
Jeff Melnyk:that you felt that you were gonna need to draw on to sort of step into that role?
Jeff Melnyk:Or was it just, okay, I'm just gonna jump into the deep end
Jeff Melnyk:here and see how we get going.
Jeff Melnyk:, Alan Cairns: there was definitely
Jeff Melnyk:But the, the things that I pulled on firstly were people centricity, having
Jeff Melnyk:worked in lots of people roles, whom, whomever you are leading accountable for.
Jeff Melnyk:You know, the, the example I often use is UX and design.
Jeff Melnyk:You know, I'm not going to be a better UX or designer than a head of UX and
Jeff Melnyk:design, but what I can do is help them to become a better leader and
Jeff Melnyk:help to stretch and challenge them in terms of how they're building their
Jeff Melnyk:team, types of people are bringing into the team and things like that.
Jeff Melnyk:So, without a doubt, there was definitely some jumping in there, but
Jeff Melnyk:there was some borrowing from other things that I'd done in the past.
Jeff Melnyk:Yeah, for sure.
Jeff Melnyk:And I think it's interesting to think about what does it take to
Jeff Melnyk:scale a business that is purposeful or a business that is culture first.
Jeff Melnyk:And I think I'd really love us to sort of noodle around that
Jeff Melnyk:today cuz you've, you've had so many great experiences and seen.
Jeff Melnyk:All of the things that work and don't work.
Jeff Melnyk:And, and, and it's interesting thinking about that with the lens of tech overlaid
Jeff Melnyk:because cuz you've been through the tech mill, you've, you've seen it, you've seen
Jeff Melnyk:it from many different sides, Alan, you understand tech and right now tech is
Jeff Melnyk:going through a bit of a moment, isn't it?
Jeff Melnyk:It's having, its, it's next comeuppance.
Jeff Melnyk:, what, if any, reflections before we dive into the culture bit on just this, the
Jeff Melnyk:current tech context, what is going on?
Alan Cairns:Well, if you, if you know, please, please do tell
Alan Cairns:me . If, if you look at kind of fang companies in particular and tech
Alan Cairns:layoffs, layman's opinion on this is a prioritization of profit over people.
Alan Cairns:And the sad indictment is that investors are also kind of supporting that.
Alan Cairns:So the share price of most of those companies has risen even though,
Alan Cairns:or as they've described layoffs.
Alan Cairns:Yeah.
Alan Cairns:The reality is though, I think when you do something like that, ultimately
Alan Cairns:you are damaging your brand in some.
Alan Cairns:, your share price might grow, but your E V P, your recruiting brand,
Alan Cairns:what's it like to work as a company?
Alan Cairns:That's the thing that it can damage.
Alan Cairns:So I think that it's a prioritization of short term versus long term.
Jeff Melnyk:Yeah.
Jeff Melnyk:And I think thinking about what happened during the pandemic, when
Jeff Melnyk:there was the hiring frenzy across all of those businesses, I think
Jeff Melnyk:Google hired, in the thousands over the last two years, the, just.
Jeff Melnyk:This month they laid off 15,000.
Jeff Melnyk:I mean, they made 46 billion in profit in 2021.
Jeff Melnyk:These numbers don't make sense to me.
Jeff Melnyk:So I see the, I see the impetus of, oh, maybe we've overhired, oh,
Jeff Melnyk:now we need to make some cutbacks.
Jeff Melnyk:We're still incredibly profitable.
Jeff Melnyk:Oh, yes, we want our share price to be better, but surely now we have damaged.
Jeff Melnyk:You know, any chance of someone looking at us favorably is, is that
Jeff Melnyk:going through their minds right now?
Jeff Melnyk:If you were, if you were c e o in those businesses, would you
Jeff Melnyk:be going excuse me, hold on.
Jeff Melnyk:Maybe we need to, we need to weigh out the cost benefit analysis of this?
Alan Cairns:A hun.
Alan Cairns:A hundred percent.
Alan Cairns:I mean, you spend a moment on LinkedIn at the moment and okay.
Alan Cairns:It was Google's turn this week and all you'll see is lots of
Alan Cairns:different people leaving Google.
Alan Cairns:Eloquently describing having a great time in Google, but the suddenness of it.
Alan Cairns:Yeah.
Alan Cairns:And then when you read the subtext, what you often hear is, I'm now looking for
Alan Cairns:a completely different type of business.
Alan Cairns:It's not, I've left Google and now I'm going to work for Facebook or Twitter.
Alan Cairns:Yeah, it's, I want to work for a different type of business because
Alan Cairns:they've realized that they might have committed 5, 10, 15 years to a
Alan Cairns:company, and then suddenly they're out.
Alan Cairns:and that changes the kind of dynamic between employer employee about what,
Alan Cairns:what to expect in that relationship.
Alan Cairns:Yeah.
Alan Cairns:So it's, it's an opportunity for many of those people to think, I'm going to
Alan Cairns:work for a business that walks the talk that is about purpose, that is value
Alan Cairns:centric, that is driven in that way.
Jeff Melnyk:And so, Do we think that that the, that Fang or big tech, big tech have,
Jeff Melnyk:would you say they have been purposeful?
Jeff Melnyk:Are they, had they been culture first and something happened over the, the
Jeff Melnyk:last, the mega disruption with the pandemic and onwards, or, or was that
Jeff Melnyk:all a little bit of a smoke screen?
Alan Cairns:That's a deep, that's a deep question.
Alan Cairns:I've, I've many friends who were in Google all the way through from the 2000.
Alan Cairns:and certainly the Google they described at that stage was very purposeful,
Alan Cairns:was very focused on what we want to do for users more than anything else.
Alan Cairns:And as companies scale, and if you look at the size of a company like Google,
Alan Cairns:but the same for Facebook and Amazon and everyone else is, as you get to
Alan Cairns:a to a size like that, it's really hard to make that the central part of
Alan Cairns:what you do, especially when you have investors, when you've got shareholders
Alan Cairns:who are looking for a return on that.
Alan Cairns:So I think it, it makes it much harder.
Alan Cairns:What I read.
Alan Cairns:So not really my opinion, but what I've read.
Alan Cairns:A lot of those people have said the company's changing as a consequence that,
Alan Cairns:you know, we're, we're prioritizing and focusing on different things, you know,
Alan Cairns:Microsoft buying or investing in G P T, for instance, that things like that
Alan Cairns:are having an impact and you have to be able to respond to that in some way.
Jeff Melnyk:Well, and take us back to Money Supermarket, cuz that
Jeff Melnyk:was a similar kind of trajectory for you in that sense, wasn't it?
Jeff Melnyk:Like we're scaling fast, we're going public priorities are shifting.
Jeff Melnyk:We have shareholders now we have to really be cautious and, and work to a different
Jeff Melnyk:agenda or, or was that not the discussion around the boardroom table at the.
Alan Cairns:To, to be candid, the discussion around the boardroom table
Alan Cairns:was in the, in the first year or so.
Alan Cairns:It was, how do we.
Alan Cairns:Increase the share price, not because we've got big institutional shareholders,
Alan Cairns:but actually a lot of shareholders in money supermarket were local pensioners
Alan Cairns:that had put, you know, an amount of money that they might have needed
Alan Cairns:in the future into the business.
Alan Cairns:And going into recession, that share price within the first
Alan Cairns:year was something like 33 p.
Alan Cairns:Yeah.
Alan Cairns:And it floated at one pound 17.
Alan Cairns:So you can see straight away that there's an imperative
Alan Cairns:there of what do we do about.
Alan Cairns:What we did is we put a framework in place.
Alan Cairns:We read, we all read the same book, which was Dream with a Deadline.
Alan Cairns:So it's a kind of a pillar based model with a vision, and we used that as the
Alan Cairns:framework of how to set up the business and actually how to describe the purpose.
Jeff Melnyk:and that sounds quite purposeful as well, thinking about
Jeff Melnyk:shareholders in that context.
Jeff Melnyk:Like we need to protect the value.
Jeff Melnyk:Mm-hmm.
Jeff Melnyk:of the people that have invested in us, rather than the narrative you
Jeff Melnyk:get in the media today, which is, oh, shareholders are here to pillage and
Jeff Melnyk:people don't matter inside the business.
Alan Cairns:Yeah.
Alan Cairns:And, and don't forget that a lot of shareholders were actually employee.
Alan Cairns:Hmm.
Alan Cairns:So this is about doing the best thing for all of those people as well.
Alan Cairns:And I mean the, without spoiling the story over that eight year period,
Alan Cairns:we grew the share price about 11 x.
Alan Cairns:And it was, when I left, it was more than double what it
Alan Cairns:was at the time of the float.
Alan Cairns:So we, we did do the right thing by shareholders.
Jeff Melnyk:And did, do you think culture was a contributing
Jeff Melnyk:factor to that growth at 11 times?
Alan Cairns:100%.
Alan Cairns:What we, what we realized in the business is, although, you know, the
Alan Cairns:city would be interested in revenue and ebitda, most employees, and
Alan Cairns:certainly most customers weren't.
Alan Cairns:What they were interested in is how much money could we save.
Alan Cairns:So actually we, we produced and calculated with all of the data
Alan Cairns:that we had a savings calculator of how much money we'd save the uk.
Alan Cairns:And over that period it was something ridiculous, like 2 billion pounds.
Alan Cairns:Yeah.
Alan Cairns:And that became a metric that drove the company because it wasn't about
Alan Cairns:the profitability of the company.
Alan Cairns:It was how, how are we living against our purpose if our purpose
Alan Cairns:is help people to save money?
Alan Cairns:Help every household to make the most of their money.
Alan Cairns:Then how can you have a metric based around that?
Alan Cairns:So it was almost like a purposeful metric.
Jeff Melnyk:Yeah.
Jeff Melnyk:It's the, so in, in our formula, it's problem, impact, and
Jeff Melnyk:role makes up our purpose.
Jeff Melnyk:It's, that was the impact, wasn't it?
Jeff Melnyk:So we can actually truly measure the impact.
Jeff Melnyk:Of this business through our purpose and understanding the nuance of that.
Jeff Melnyk:That sounds totally motivating.
Jeff Melnyk:And not only just a great story for your E V P or for consumers, but actually kind
Jeff Melnyk:of a get outta bed, rallying cry, rather than just, Hey, we made more money today.
Alan Cairns:Yes, absolutely.
Alan Cairns:Yeah.
Alan Cairns:And that it did make a big difference to employees, to shareholders,
Alan Cairns:to people that we were hiring.
Alan Cairns:We started to have people joining the company that had worked in NGOs
Alan Cairns:that worked for the Samaritans, and the reason is because they wanted
Alan Cairns:to help people, so they just found a different way to help people.
Jeff Melnyk:So a lot of our community also asks a lot about scaling up and are
Jeff Melnyk:we gonna lose our culture when we scale?
Jeff Melnyk:And there's always that desire to, to grow and to scale.
Jeff Melnyk:It feels like that's kind of built into the tech psyche as well, isn't it?
Jeff Melnyk:We need to scale up also.
Jeff Melnyk:We probably need to exit it sometime.
Jeff Melnyk:That's a different conversation.
Jeff Melnyk:But what.
Jeff Melnyk:What advice do you have on the the right way to use culture to scale?
Jeff Melnyk:Because I think there's a little bit of a, I kind as a, as a leader, I maybe
Jeff Melnyk:kind of believe that culture is gonna take us forward towards a vision of
Jeff Melnyk:growth that we see, but also a little bit of, you know, we just gotta.
Jeff Melnyk:Get shit done and make sure we hit our OKRs.
Jeff Melnyk:So there's that paradox, right, of that putting people first and just performing.
Jeff Melnyk:And I see those two things are lovingly linked together quite often, but
Jeff Melnyk:what, what do you, what advice do you have, Alan in terms of the right
Jeff Melnyk:way to use culture to drive growth?
Alan Cairns:So I think firstly you have to be serious about it.
Alan Cairns:You know, it doesn't happen by accident.
Alan Cairns:You don't just have a good culture because you're not doing anything about it.
Alan Cairns:It's, it's like working out, you know, you have to keep, keep, keep it up.
Alan Cairns:And the first thing I would say is scaling.
Alan Cairns:A purpose-driven culture is about doing it carefully, and it's
Alan Cairns:about doing it deliberately.
Alan Cairns:So you have a plan, this is what we want to do, this is why we're going to do
Alan Cairns:it, and you can explain that to people.
Alan Cairns:First of all, I think a another, another big learning for me is about
Alan Cairns:never lowering your hiring standards.
Alan Cairns:So if you are a purpose driven business, then.
Alan Cairns:How closely is an individual that you are trying to hire aligned with that purpose?
Alan Cairns:Can do they believe in, short, do they accord with the values of the business and
Alan Cairns:ultimately, do they buy into the vision?
Alan Cairns:So they're, they're not just joining for day one, they're joining
Alan Cairns:for a long period, hopefully.
Alan Cairns:Yeah.
Alan Cairns:So thinking about it like that, then sometimes you'll have people that will
Alan Cairns:be, well, oh, it, it's a great culture.
Alan Cairns:I'll join the business.
Alan Cairns:But you need more than just that.
Alan Cairns:You need people that are really bought into the purpose as well,
Alan Cairns:so that they're true believers.
Jeff Melnyk:and that they have some, some
Jeff Melnyk:sort of passion or magic inside them to deliver on that, that purpose.
Jeff Melnyk:Right.
Jeff Melnyk:That's they've, they want to bring their, their magic to the, to the business and,
Jeff Melnyk:and apply it because do you, when you've been recruiting through, especially
Jeff Melnyk:through iTech, cause I know you were very keen that we hired correctly mm-hmm.
Jeff Melnyk:at iTech based on our values.
Jeff Melnyk:. Did you feel that asking people about purpose was more important
Jeff Melnyk:than finding the values fit?
Jeff Melnyk:Or how did you navigate that?
Jeff Melnyk:Just from a pure practitioner point of view,
Alan Cairns:it's a, it's a delicate balancing act because you're looking for,
Alan Cairns:you're looking for skills, you know, can you do the role you're also looking for?
Alan Cairns:Do you want to join any business or do you want to join this business?
Alan Cairns:So that's when it comes down to the very specifics of, this is our purpose.
Alan Cairns:We've articulated that to you.
Alan Cairns:Is that something that you can buy into?
Alan Cairns:Yeah.
Alan Cairns:And what, what we sometimes found is there were some people that would kind of nod
Alan Cairns:and say, absolutely, yes, absolutely yes.
Alan Cairns:And six months later would say, well, I don't really buy into the purpose.
Alan Cairns:Okay.
Alan Cairns:So I think the learning is really kind of honing in on that.
Alan Cairns:This is what we're looking for and being really, really specific about
Alan Cairns:what the company does, why it does what it does, what problem we're
Alan Cairns:solving, and how this particular role can actually help solve that problem.
Jeff Melnyk:And what's your advice for other COOs or crs or chief people
Jeff Melnyk:and culture officers out there who are dealing with founders who also,
Jeff Melnyk:or founders or CEOs who, who might say that culture is important, putting
Jeff Melnyk:culture first, but actually when the rubber hits the road, are there's some
Jeff Melnyk:indicators that maybe people aren't.
Jeff Melnyk:at the core of their thinking at the moment, what's, what advice do you have
Alan Cairns:so much to share here?
Alan Cairns:. I mean, the fir, the first thing to think about is it is cheaper to retain
Alan Cairns:someone than it is to hire them.
Alan Cairns:So if you're just focusing on profitability, you're just focusing
Alan Cairns:on performance, but you are not thinking about culture as well.
Alan Cairns:And ultimately those people are not going to stay.
Alan Cairns:Because they'll join another company that also says, yes, we're focused on
Alan Cairns:this and we'll pay you a little bit more.
Alan Cairns:Instead, the retention hook comes from people that are absolutely bought into
Alan Cairns:the purpose, the vision, the values.
Alan Cairns:So where you have a founder or a C E O that's, you know, that is in
Alan Cairns:a different company that's kind of not bought into that, the selling
Alan Cairns:point has to be in the long run.
Alan Cairns:This is actually going to cost you more.
Alan Cairns:because you'll be hiring more people that you'll then lose, that you'll then
Alan Cairns:have to replace and retrain and reboard.
Alan Cairns:And then you lose those as well.
Alan Cairns:So ultimately this is a, it's a retention play more than anything else.
Alan Cairns:If you build a great culture, people will, one, you build something great,
Alan Cairns:people want to come to it, but two, they'll want to stay with us as well
Alan Cairns:because they're passionate about it.
Jeff Melnyk:I wish we could do a ghost of, past, present, future
Jeff Melnyk:with founders and take them into their future self sometimes.
Jeff Melnyk:Hey, and go Now.
Jeff Melnyk:Feel the pain that you may not have felt in your, in your present self, but also
Jeff Melnyk:when, when we, when we work with a lot of.
Jeff Melnyk:Late stage founder, I mean founders who are about to exit or have retire.
Jeff Melnyk:That what always comes up is legacy, right?
Jeff Melnyk:I want to have to look back now and, and see that I've grown
Jeff Melnyk:something that I'm really proud of.
Jeff Melnyk:And then the people light switch or the community light switch or the E s
Jeff Melnyk:G light switch tends to turn on Alan, it feels like that's always been.
Jeff Melnyk:In your essence, right?
Alan Cairns:Yes.
Jeff Melnyk:You've always been, like you said, I wanna be able to
Jeff Melnyk:explain to my nine children, and their children's children that I
Jeff Melnyk:did that Pape did something good.
Jeff Melnyk:Do you think tech can putting your ghost of Christmas future hat
Jeff Melnyk:on, looking into your future self?
Jeff Melnyk:Is tech turning around?
Jeff Melnyk:Do you believe tech can be a force for good?
Alan Cairns:Absolutely.
Alan Cairns:I think it, I, I'm an optimist, so in my heart, I believe, you know, anyone
Alan Cairns:can change, anyone can get better.
Alan Cairns:I think the, the, the simplest way to look at this is at this moment in time,
Alan Cairns:purpose driven businesses will do better.
Alan Cairns:They'll be the people that will be hiring and people who want to join.
Alan Cairns:Maybe people have worked for FANG companies before that are looking now for
Alan Cairns:something completely different, and that is the the kind of the rallying cry for
Alan Cairns:why you should join that type of business.
Alan Cairns:Anyone can become a purpose-driven business.
Alan Cairns:You just have to focus on.
Alan Cairns:Why you are doing what you're doing.
Alan Cairns:Focus on what's the problem you are trying to solve in the
Alan Cairns:marketplace, and why did you decide to solve that particular problem?
Alan Cairns:And it might be a product you're making better than anyone else.
Alan Cairns:You know, business cards being the example with Moo.
Alan Cairns:I want to make something that's so beautiful.
Alan Cairns:Everyone will want to use that and they'll want to use that to connect
Alan Cairns:with people then that that's brilliant.
Alan Cairns:It might also be a product, but you've got a product that solves the problem
Alan Cairns:because you've seen an underrepresented group or you've seen some people that
Alan Cairns:couldn't use this particular product.
Alan Cairns:Finding that solution and saying, this is why we do what we do, is a great idea.
Jeff Melnyk:And then as you said before, let, then let's measure that impact
Jeff Melnyk:like we did with Money Supermarket.
Jeff Melnyk:Let's show that we've been doing that.
Jeff Melnyk:It's a great, it's a great way for any founder to feel their legacy
Jeff Melnyk:into the future is like, I'm gonna actually see the impact that I've
Jeff Melnyk:made and for everyone there to feel that they're making that contribution.
Jeff Melnyk:Are your kids Jen?
Jeff Melnyk:Mostly Gen Z, Gen zed for UK and Canadian listeners Alan
Jeff Melnyk:are you, do you have, you don't have any millennials do you?
Jeff Melnyk:You're not that old.
Alan Cairns:No millennial
Jeff Melnyk:Are your Gen Z children also talking about this?
Alan Cairns:Definitely.
Alan Cairns:Yes.
Alan Cairns:Yeah.
Alan Cairns:They're thinking about, you know, B Corps.
Alan Cairns:They're thinking about what social good a particular business does.
Alan Cairns:They're thinking about how it looks after its people.
Alan Cairns:All of those drivers are so important when you're going into.
Alan Cairns:your first role.
Jeff Melnyk:Yeah.
Jeff Melnyk:And as they are the consumers of the future as well.
Jeff Melnyk:Maybe it's time that we listen to them too.
Jeff Melnyk:Why not?
Jeff Melnyk:This has been wonderful.
Jeff Melnyk:Thank you, Alan thank you as always at this part of the show.
Jeff Melnyk:We have some rapid fire questions.
Jeff Melnyk:It's just for you to tap into your intuition as I fire out these seven or
Jeff Melnyk:eight questions to you feeling ready?
Alan Cairns:I'm ready.
Alan Cairns:I am ready.
Jeff Melnyk:Okay.
Jeff Melnyk:Okay, here we go.
Jeff Melnyk:Alan, this is your rapid fire round.
Jeff Melnyk:What three words would you use to describe the workplace culture you'd like to lead?
Alan Cairns:Have to start with transparent, fair, and driven.
Jeff Melnyk:What three words would you use to define the future of work?
Jeff Melnyk:? Alan Cairns: Ooh.
Jeff Melnyk:I could almost use the same three, but I would say purposeful,
Jeff Melnyk:fulfilling, and passionate.
Jeff Melnyk:which one quality is your superpower or strength and bonus point
Jeff Melnyk:if you pick a within eight qualities.
Jeff Melnyk:Word
Jeff Melnyk:. Alan Cairns: Well, I've worked
Jeff Melnyk:I should know these by now.
Jeff Melnyk:Love would be my superpower.
Jeff Melnyk:Ooh, can I dig into that one a little bit?
Jeff Melnyk:Because that's I do see that quality in you very much, and that is one that
Jeff Melnyk:not everybody picks out of the cards.
Jeff Melnyk:Out of our eight qualities, love is often the one at the end.
Jeff Melnyk:Can I ask what, I know we're in the rapid fire, but I'd love to dig in.
Jeff Melnyk:What makes you choose that one?
Alan Cairns:It's, I think it's at the core of what I believe.
Alan Cairns:I, it, it's just, it's something that's, so, some of it I guess is,
Alan Cairns:you know, cause I'm a father, but it's just at the core of what I believe.
Alan Cairns:I, I believe in the good of people.
Alan Cairns:and I just really honed in on that straight away as
Alan Cairns:soon as I read the the card.
Alan Cairns:Yeah.
Alan Cairns:Awesome.
Jeff Melnyk:Okay, back to the rapid fire.
Jeff Melnyk:Which one quality is your development area or stretch?
Alan Cairns:Patience.
Alan Cairns:Next question,
Jeff Melnyk:could we wrap this up please?
Jeff Melnyk:Yeah.
Jeff Melnyk:What is your most treasured spot outside of work?
Alan Cairns:So ignoring holidays cuz that's, that's too obvious it would be my
Alan Cairns:home gym because I just love working out.
Alan Cairns:Absolutely love that.
Alan Cairns:And the other is, there's a small forest near where I live that I can walk through
Alan Cairns:on my commute and I just get such a buzz out of walking amongst trees.
Alan Cairns:Simple thing.
Jeff Melnyk:And you often would walk home all the way from
Jeff Melnyk:Camden to your house to get home.
Jeff Melnyk:That wasn't just a pandemic thing, that was just Alan traversing the
Jeff Melnyk:backwaters of London to get home.
Jeff Melnyk:Is that, is walking a medi, is that a meditative thing for you?
Jeff Melnyk:Are you working while you're walking or is it just I'm clearing
Jeff Melnyk:down my day or powering up my day?
Alan Cairns:It's a powering, powering up and clearing down.
Alan Cairns:Mm-hmm.
Alan Cairns:don't do calls sometimes listen to music, but mostly just kind of absorb nature.
Alan Cairns:And in my commute it was something like an eight mile walk in total.
Alan Cairns:Yeah.
Alan Cairns:So it's a great kind of base exercise to build in as well.
Jeff Melnyk:Walking at London Pace as well, which having now
Jeff Melnyk:living in California, I realize 14 times too fast to walk in London.
Jeff Melnyk:Yeah.
Jeff Melnyk:Is there a person or brand you'd like to shine a light on today?
Alan Cairns:Okay.
Alan Cairns:I think it would be Joe Wicks, the body coach.
Alan Cairns:Big, big fan.
Alan Cairns:That's a purposeful business, gives back to society.
Alan Cairns:Believes in Lifetime Fitness, genuinely wants to help people,
Alan Cairns:helped everyone during the pandemic, helps children, walks the talk.
Jeff Melnyk:Yeah.
Jeff Melnyk:And totally sort of rose to the, the challenge of the pandemic
Jeff Melnyk:and helped people, help guide people through that moment.
Jeff Melnyk:What's happening with him today?
Jeff Melnyk:I haven't really been following his story.
Jeff Melnyk:Or is, is he on the sim similar trajectory?
Alan Cairns:Yeah, I would say so.
Alan Cairns:It's build, building a great business from what I've seen.
Alan Cairns:Yes.
Jeff Melnyk:Yeah.
Jeff Melnyk:Cool.
Jeff Melnyk:Okay.
Jeff Melnyk:And finally, if you had to pick one song that represented who you
Jeff Melnyk:are as a leader, what would it be?
Alan Cairns:You'll, you'll get the sentiment behind this one.
Alan Cairns:I'm sure it would be Eminem, a vastly misunderstood person, and.
Jeff Melnyk:Oh my God.
Alan Cairns:And it would be till I collapse.
Jeff Melnyk:I'm not familiar with that part of his back catalog.
Jeff Melnyk:Okay, so Eminem till I collapse.
Jeff Melnyk:Is that, is that a context for you at the moment?
Jeff Melnyk:Alan?
Jeff Melnyk:What's the sentiment?
Alan Cairns:I know you'll go and look up the lyrics later, but to, to
Alan Cairns:save you, this is focused on almost a.
Alan Cairns:You could, you could be lazy, you could lie in bed, you could do this.
Alan Cairns:But no, I will continue doing this.
Alan Cairns:Whether I'm good at it or not.
Alan Cairns:I'm gonna continue doing this until I collapse.
Alan Cairns:I'm just, okay.
Alan Cairns:You know, this is going to be my, kind of my life's work.
Alan Cairns:Yeah.
Alan Cairns:And, and get into like get up and get into it.
Alan Cairns:I get it.
Alan Cairns:Yeah.
Alan Cairns:Okay.
Alan Cairns:That.
Alan Cairns:I'll put that, pop that on with my, with my Cheerios this morning.
Alan Cairns:I'm sure I won't, but Yes.
Alan Cairns:I thought you were gonna say Rocket Man by Elton John.
Alan Cairns:Just so that I could sing.
Alan Cairns:But we'll leave that for our next episode.
Alan Cairns:Yeah, we'll
Alan Cairns:find someone else to pick that.
Alan Cairns:I will.
Alan Cairns:Someone will finally, one.
Alan Cairns:Someone will say Rocket Man.
Alan Cairns:Alan, this has been a pleasure as always.
Alan Cairns:Thank you so much for joining us.
Alan Cairns:It's really lovely to see you and the year of the rabbit is gonna be good for you.
Alan Cairns:I feel it in my soul.
Alan Cairns:So do I.
Alan Cairns:Thank you so much.
Alan Cairns:It's been a pleasure.
Alan Cairns:Thank you.
Alan Cairns:Boom.
Alan Cairns:Thanks for listening, everyone.
Alan Cairns:We hope you enjoyed learning about purposeful Culture-Driven tech.
Alan Cairns:Tune into our podcast every other week for more episodes on what's happening
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