Herbert Siu: Transforming people management industry with QuokkaHR
Top 10 Most inspiring CEOs to Follow in 2024
To remove the toxic culture in the business
and provide a happy working space, Herbert Siu, Co-founder, and CEO of
QuokkaHR, is using the latest technology to transform the space. Being inspired
by the famous quote of Walt Disney, “All our dreams can come true if we have
the courage to pursue them,” he is adding true colors to his vision.
Ladder to success
Herbert started his career by working in
the local blue-chipped company in Hong Kong as a management trainee and then
completed his MBA at London Business School. He also worked at JP Morgan,
Microsoft, and Octopus Investments before he co-founded QuokkaHR.
During his time in the corporate sector, he
understood a lot in the people management space. He states that although HR
technology usage in other parts of the world was developing at a rapid rate,
many companies still did not utilize any similar technologies to engage and
motivate their employees, especially in Asia.
Staff disengagement could lead to toxic
culture and staff turnover, as well as creating a vicious cycle for companies
to keep recruiting for a replacement. There was a gap in the market for any
similar services that focused on a variety of different aspects of productivity
such as goal setting and tracking, surveys, and people analytics to name a few.
He adds, “We decided to be the first in the
Asia region to try and bring about a happier workplace experience for employees
that worked in these companies to feel more engaged and connected. Life is
short and I believe everyone should enjoy their work-life and unleash their
full potential.”
Setbacks along the way
In the start, everything was progressing
smoothly, but soon he realized that their product is only attractive to a
selection of small businesses as they have not enough vendors to attract more
clients.
Having a textbook chicken and eggs issue in
the hand, the team decided to pivot the business into a more comprehensive
engagement solution with pulse surveys, Goal trackers, 360 Reviews,
Feedback-to-action loops, etc.
These features received a lot of positive
feedbacks from clients but the scope is too large for Quokka with limited
resources. However, soon the COVID pandemic slowed everything.
Herbert gets inspiration from the famous
adage of Winston Churchill, “Success is walking from failure to failure with no
loss of enthusiasm,” and motivates the team to take the challenges with a
positive attitude.
He states, “With all these limitations, it
prompted us to rethink our strategy and plan ahead of the prioritization and to
bootstrap as much as possible. Most of the time we were able to further improve
the user experience and design to make it more compact and desirable than we
originally planned.”
Transforming people management space
with QuokkaHR
Herbert adds, “With QuokkaHR, companies can
make use of a digital platform to scale up people management. The admin and
employee dashboards help organize all tasks and statistics in an orderly manner
that is conducive to their progress. Here, employees can make use of the
goal-tracking functionality to set, monitor, and align to the company goals.”
In the past, many people were set on having
a constant job that they worked on from the start to the end. These days, due
to globalization, it is much easier for employees to be mobile and companies
are now beginning to realize the impact connective technology can have on work
setups. With the pandemic, many were forced to switch to a work-from-home setup
which seemed to work even better for them given their situation.
He adds, “We want companies to understand
that retaining and enriching their existing employees is much more
resource-efficient than having to go through a recruitment process. Creating a
happier workplace is the key to attrition and ROI for employers. Hence, our
business aims to provide tools that can assist this process through engagement
surveys, reviews, praises, and a more gamified way of working for employees to
feel engaged.”
He expresses that research has shown that
the employees who feel less engaged at work tend to show lower performance than
their counterparts.
He states, “Companies can be losing out a
lot of money due to underproductivity, however, if they focus on catering to
their employees, this can be greatly decreased. Our idea is unique to the APAC
region since there aren’t many other companies that are focusing on the HR
aspect of encouraging employees.”
Life as Co-founder and CEO of the
company
Wearing the hat of a CEO is like a cook in
the kitchen. He adds, “You will need to make sure you have the best ingredient
to put on the plate with the best mixture of color, aroma, and taste and
deliver to the customer within a reasonable time for the optimal customer
experience. I will put up the menu and have a regular standup with teams to
make sure we are all on the same page on the objectives and targets and
delegate to teams to produce the magic. Throughout the process, you will need
all the help from your team to put out the best efforts in order to make the
banquet a success.”
Within the QuokkaHR team, he tries to
create a casual and open environment to enable quick feedback as necessary.
With the open environment, he and his co-founder leave space for employees to
come to them for any necessary problems they may face. When they delegate
responsibility to employees, they feel more empowered and motivated at work
overall. Furthermore, there is usually variation in the tasks they need to
finish so it feels like they are working on different projects that make it
feel more interesting.
Maintaining a work-life balance with
finesse
Herbert is a firm believer in attaining a
balance between professional and personal life. On the professional front, he
takes on the upcoming challenges and works hard to grow the business within the
available resources.
On the personal front, he makes ample time
to spend with his family that allows him to recharge his mind and look for some
inspiration to solve the work problems.
Future roadmap for the company
Herbert expresses that QuokkaHR is now
mainly in Asia regions but they are ambitious to extend their services globally
using Subscription as a Software model. They truly hope they can contribute to
help build a happy workplace together with global companies.
He states, “We hope to transform HR technology and trends to be more people-centric. We will further develop our existing product to be more user-friendly and engaging (gamified) and to digitalize employee profiles into our database. Such profiles could be used for employers to develop career plans for employees, to optimize team combinations on new projects, to build a company culture as desired.”