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betterworks

betterworks

AI-driven performance management software solution

About

Betterworks offers a performance management software that uses artificial intelligence to help businesses enhance workforce performance. The platform includes features for goal setting, conversation updates, and recognition systems, which are integrated into daily team tools for continuous improvement. Unlike its competitors, Betterworks provides not only a subscription-based service but also a resource library with research and best practices, along with live events featuring industry experts. The company's goal is to improve manager effectiveness and employee engagement, leading to a more productive workforce.

Company Stage

Series C

Employees

201-500

Industries

Consulting, Enterprise Software

Total Funding

$149.4M

Headquarters

N/A

Founded

2010


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Simplify's Take

What believers are saying

  • Winning the 'Best Comprehensive Solution' award for two consecutive years highlights Betterworks' industry leadership and product excellence.
  • The introduction of generative AI capabilities and advanced analytics demonstrates Betterworks' commitment to innovation and improving manager effectiveness.
  • Partnerships with industry leaders like Visier enhance Betterworks' ability to provide deep people insights, driving employee success.

What critics are saying

  • The significant gaps between organizational leaders and employees, as revealed in the 2024 Performance Enablement Report, could undermine productivity if not addressed.
  • The competitive HR technology market requires continuous innovation to maintain Betterworks' leadership position.

What makes betterworks unique

  • Betterworks leverages AI to automate performance management processes, setting it apart from traditional HR solutions.
  • The company's focus on continuous performance enablement and real-time feedback integration into daily tools enhances manager effectiveness and employee engagement.
  • Betterworks' advanced analytics and DEIB dashboards provide HR leaders with data-driven insights, fostering equity and informed talent decisions.

Growth & Insights
Headcount

6 month growth

↓ -7%

1 year growth

↑ 0%

2 year growth

↓ -1%

Benefits

Countless wellness benefits

Flexible PTO Policy

Every second Friday of the month off

Medical, vision and dental insurance

Work from home setup reimbursement

Maternity and baby-bonding leave

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