Betterworks Company Market Research Report
Company Overview
- Name: Betterworks Systems Inc.
- Mission of the Company: Betterworks aims to empower HR leaders to facilitate high-performance environments and help individuals reach their highest potential through intelligent performance management solutions.
- Founded: No information is available
- Founders: No information is available
- Key People:
- Doug Dennerline, CEO
- Cheryl Johnson, Chief Product and Technology Officer
- Sam East, Chief Revenue Officer
- Headquarters:
- 101 Jefferson Drive, 1st floor, Menlo Park, CA 94025
- 99 Madison Avenue, 3rd floor, New York, NY 10016
- Number of Employees: No information is available
- Revenue of the Company: No information is available
- What is the Company Known For: Betterworks is known for its innovative performance management solutions that support transparent goal-setting, enable continuous performance improvement, and leverage employee insights to drive growth in dynamic enterprises.
Products
Overview
Betterworks offers a suite of products focused on intelligent performance management to enhance workforce productivity and alignment with company goals.
Detailed Product Information
1. Intelligent Performance Management
- Description: This product offers comprehensive performance management functionalities tailored to drive high employee engagement and effectiveness.
- Key Features:
- Goals: Facilitates clear goal-setting aligned with organizational objectives.
- Conversations: Encourages frequent performance and development dialogues.
- 1-1 Meetings: Supports structured, meaningful meetings between managers and employees.
- Feedback: Provides tools for constructive feedback and performance evaluations.
- Employee Engagement: Enhances employee interaction and satisfaction.
- Calibration: Ensures consistent performance assessments across different teams and departments.
- Insights and Analytics: Offers advanced analytics for performance review and decision-making.
- Integrations: Seamless integration capabilities with other enterprise tools.
Recent Developments
- New Product Launches:
- Betterworks has launched new generative AI capabilities to assist managers in performance management, announced on October 5, 2023.
- Product Enhancements:
- Enhancements in AI-assisted tools, including the integration of large language models to elevate privacy and reduce performance management tasks. Announced on September 24, 2024.
- Awards and Recognition:
- Betterworks Talent Profiles won the "Top HR Products of 2024" Award on August 27, 2024.
- Took Bronze in Brandon Hall Excellence in Technology Awards on December 18, 2024.
- Awarded "Best Comprehensive Solution" in the Talent Management category by Lighthouse Research & Advisory, announced May 1, 2024.
- Recognized as 2023 Performance Management Solution of the Year by RemoteTech Breakthrough.
- Key Personnel Changes:
- Cheryl Johnson elevated to Chief Product and Technology Officer as of May 9, 2024.
- Sam East welcomed as new Chief Revenue Officer on June 27, 2024.
- Ashley Litzenberger appointed as Senior Director, Product Marketing on February 9, 2024.
- Partnerships:
- Announced an embedded analytics partnership with Visier, enhancing employee performance analytics on April 17, 2023.
- Events:
- Announced the 2025 EmpowerHR Americas Summit focusing on redefining HR leadership for an AI-driven future, planned for January 28, 2025.
- Inaugural EmpowerHR Europe Virtual Summit announced on March 14, 2024.
- Research and Reports:
- Released the "2024 State of Performance Enablement Report: The Big Disconnect" on April 4, 2024.
Conclusion
This report provides a detailed overview of Betterworks, a leader in performance management solutions. While some historical and financial details are unavailable, considerable information about their products, recent developments, partnerships, and awards has been compiled. Betterworks continues to innovate with new AI-driven enhancements and strategic partnerships to empower companies and employees for greater success.
