We’re currently in the golden age for unconventional workplaces.
Inside the headquarters for Twitter, Google and Facebook, you’ll find meeting rooms converted to ball pits, giant teepee swings, rooms dedicated to gaming, real marine aquariums, impeccably designed chill-out spaces, and restaurants and cafes where the food is FREE. The food is FREE, people.
Apple is currently building a new office (probably more accurately described as a campus, or a suburb) that looks like a spaceship, while Google are developing plans for offices that resemble what you’d see once you exit that spaceship, into the future.
Mia Freedman, Monique Bowley and Jessie Stephens discuss unconventional workplaces, including Bridgewater Associates, on this week’s episode of Mamamia Out Loud. Post continues below.
Well, we throw a boob around every morning to brainstorm ideas. So it’s sort of the same thing.
With people spending more time at work than ever before, the unconventional workplace has never been so compelling.
But one company, a Hedge Fund in New York, has attracted attention not for an aquarium or mini-golf setup, but for its very unconventional philosophy.
Bridgewater Associates LP subscribes to a policy of “complete honesty”, where employees must openly share blunt opinions about each other’s work and personalities.
Founder Ray Dalio says talking behind a colleague’s back is “so corrosive, it’s just bad.” He argues, “Justice is the right to confront your accuser.”
During a conference session, titled ‘Meaningful Work and Relationships Through Radical Truth and Transparency,’ Dalio explained, “you have to get past [the] emotional barriers,” that hold people back from hearing and giving frank, honest criticism.
Watch this video – Ray Dalio is the most successful hedge fund investor in history. The secret to his success… https://t.co/jMciKL4bAy
— Tony Robbins (@TonyRobbins) April 26, 2016
He says it’s crucial for success that the company adopts complete honesty in decision-making. To ensure this honesty is maintained, every meeting, conversation or exchange at Bridgewater is recorded. So everyone really does see everything.
As you’d expect, this can be incredibly difficult for new employees.
“There’s a joke we have that you need a spousal support group when you join,” Mr. Dalio said. “We have it…It’s a big transition.”