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Thank you for taking the time to share your feedback. OneTrust went through a lot of change last year. We moved from a high-growth start up to one focused on long-term growth and value for our customers. We welcomed a number of acquired companies and new leadership to build and scale the leading Trust Intelligence Platform. We recognize that our culture shifted as a result. We've been building out our People team who worked diligently to relaunch our culture and company values this year based on hundreds of employees' feedback through surveys, focus groups, and workshops. They introduced an anonymous, quarterly engagement survey which has allowed our Executive team and department leaders to direct our people in a thoughtful way - one that takes their needs into account. This feedback will continue to shape our culture so that our leaders can deliver a great experience to our employees. They also introduced our first-ever annual and mid-year performance review process. This process is designed to provide a clear focus on the work that matters, give timely, actionable, and continuous feedback, and ensure transparency so that our employees understand how their work is evaluated.
Additionally, OneTrust isn't the same company it was in 2022 and certainly not the same one when it started in 2016. Our GTM strategy has changed and we shifted from product to platform. We're on a road to maturity and IPO readiness, and what got us to being the leader in privacy won't necessarily get us to where we want to go. We are already the category-defining leader in Trust Intelligence, and we have so much more in store as we think long-term. To get there, we have to scale, and that starts with our Executive team and senior leadership. We're building a new team for a bigger and better OneTrust that will best serve our customers while empowering our people to do their best work. Over the past several months, we have been bringing in new leaders with proven track records from other successful tech companies. With a more complete management team, we can include more diverse perspectives and give our teams the leadership support needed to have amazing careers through challenges. With the growth we are experiencing, some growing pains are inevitable. This is a typical situation for successful, scaling startups. With company growth also comes mindset growth. We have a more sophisticated headcount planning process and are focused on hiring and growing responsibly now and into the future.
Another part of our People team that has grown within the last year is our Total Rewards team. They've been hard at work reassessing our employee benefits packages across the globe, and they are ensuring they evaluate all options to provide a best-in-class package. Our Unlimited PTO was introduced in 2021, and while it may also be called Flexible PTO more recently, these policies are the same. We expect and encourage our people to be stewards of their own work/life balance and take the time they need to recharge, and we are planning even better buffers across the company so that this encouragement is given consistently from all managers. Ultimately, we trust our employees to get their work done when it makes sense for them. In addition, our Benefits team just rolled out 14 weeks of parental leave globally (16 weeks for birthing parents). They also introduced better healthcare providers and increased life insurance for our folks in the US. We look forward to the additional changes in our benefits plans in the future.
That said, we know we still have work to do to get where we want to go. Without our people, OneTrust would not be where it is today. As we continue to adapt to market needs, our people will be able to learn and grow while experiencing what it's like to be part of a category-defining software company. We get to do meaningful work every day to provide privacy, GRC, ethics, and ESG solutions to our customers. We have a huge TAM at our fingertips, and we've only scratched the surface. Thanks again for your feedback, and we are excited for OneTrust's future as we all continue to unlock every company's potential to thrive by doing what's good for people and the planet.