Etsy 2015 Annual Report Download - page 8

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
working with Etsy sellers. The Commitments, which include terms such as quick and fair payment, are intended to foster relationships that lead to mutual
success.

Etsy's mission to reimagine commerce includes our efforts to reimagine manufacturing. We are committed to helping Etsy sellers who share our values of
authorship, responsibility and transparency and who want to grow their businesses by forming responsible partnerships with manufacturers. For example, an
Etsy seller might work with a cut-and-sew shop to make clothes she has designed, a casting house that casts wax models for her jewelry designs or a digital
printing house that prints her photographs on household items.
In addition to finding manufacturers on their own, Etsy sellers can find manufacturers through our new Etsy Manufacturing marketplace that we launched in
September 2015. We launched Etsy Manufacturing to help Etsy sellers connect directly with manufacturers who commit to certain practices and value
transparent connections. We hope to foster responsible and creative partnerships between the designers and manufacturers of goods, to prioritize transparency
and to help our community learn about the unique stories and people behind each item. Manufacturers who apply to join Etsy Manufacturing must commit to
certain ethical expectations and to operating a safe and just workplace, with transparency and reliable customer service. As of the end of 2015, only
manufacturers in the United States or Canada may participate in Etsy Manufacturing and there is no fee for participation.
An Etsy seller who would like to work with a manufacturer, whether found through the Etsy Manufacturing marketplace or on her own, must apply. Our
Responsible Seller Growth team reviews every application. We do not review or approve the manufacturer; instead, we look to the Etsy seller to provide
evidence of authorship, responsibility and transparency. We also ask Etsy sellers to work with manufacturers who adhere to our ethical expectations: humane
working conditions, non-discrimination policies, sustainability practices and no child, youth or involuntary labor. To encourage transparency, Etsy sellers
are required to disclose their use of manufacturers in their Etsy shop.

We too are members of our community. Whether crafting our policies, talking with Etsy sellers and Etsy buyers in our online forums or building the tools and
services underlying our marketplace, our employees create genuine and lasting connections in our community. Etsy employees emphasize building personal
relationships with Etsy sellers, visiting their shops, inviting them to our offices for lunch or celebrating with them at in-person events. In addition, each of our
employees, including management, is expected to perform support rotations to help foster connections with Etsy sellers and Etsy buyers and to help us better
understand their needs.
We pride ourselves on our values-based work culture. We emphasize respect, direct communication and fun. We focus on maximizing our employees’
professional and personal well-being. We evaluate performance on traditional business metrics and on adherence to our mission and values.
We believe employee happiness comes from engaging and fulfilling work and from ample personal and professional growth opportunities. We invest heavily
in employee development by offering coaching, skills workshops and training. We actively encourage personal education through arts and crafts workshops
and employee-taught classes called “Etsy School,” covering subjects ranging from screen printing to Python programming.
Etsy engineering is widely known for its thought-leading approaches to software development as well as its unique engineering culture. Our engineering
team coined the phrase “Code as Craft” to describe our love for building software and our melding of engineering discipline and individual craftsmanship.
We believe our engineers have the skills, practices and experience needed to embrace the change the future inevitably brings.
As of December 31, 2015, we had 819 employees worldwide, with 496 in our offices in Brooklyn, New York. Of those employees, we had 257 in engineering,
84 in product, 221 in member operations, 196 in corporate and 61 in marketing.
We proactively work and recruit to improve the gender balance at all levels of our company. As of December 31, 2015, 54% of employees identified as
female. As of December 31, 2015, 50% of managers and 32% of product, engineering and technical operations employees identified as female.
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