Betterworks Earns Lighthouse Research & Advisory Award for “Best Comprehensive Solution” in the Talent Management Category for Second Consecutive Year
02 May 2024 - 2:05AM
Business Wire
This latest recognition, the company’s first
since building AI into its software, confirms the effectiveness of
purpose-built performance management solutions
Betterworks, the leading intelligent performance management
software company, was named “Best Comprehensive Solution” in the
Talent Management category by Lighthouse Research & Advisory.
This is the second consecutive year the company earned this
recognition and the first since introducing AI into its software.
This latest award is also a testament to Betterworks’ latest
research that purpose-built performance management systems
outperform alternative solutions.
“Receiving this award from Lighthouse Research & Advisory
reaffirms our commitment to crafting solutions that empower
business and HR leaders to make work better,” said Doug Dennerline,
Betterworks CEO. “We see HR leaders as architects of employee
engagement and champions of business productivity and success. By
empowering people and giving them the tools to do their best work,
Betterworks has helped industry leading and innovative companies to
flourish.”
Performance management is more effective when the tools are
interconnected and information easily flows between them –
evidenced by Betterworks’ 2024 State of Performance Enablement
report, which spotlights:
- To succeed and thrive, employees must all have full access to
performance management support—not only manager conversations and
peer feedback but also reviews, goals, and coaching on career and
skills development.
- Adding purpose-built, best-in-breed performance management
tools to human capital management platforms (HCMs) boosts outcomes
such as engagement (up 11%), belonging (up 62%), opportunities for
advancement (up 74%), goals relevance (up 77%), and career
development (up 96%).
- When organizations supplement their HCM with a purpose-built
solution, employees are 70% more likely to rate the combined
solution as a success in their performance management
processes.
“When employee performance is aligned with the needs of the
business, amazing outcomes are possible,” commented Ben Eubanks,
chief research officer, Lighthouse Research & Advisory.
“Betterworks enables those outcomes – increased sales, employee
retention, agile cultures, and more – for enterprise customers
worldwide.”
Companies that use Betterworks experience elevated employee
performance, achieving 63% higher goal alignment, three times
higher employee satisfaction, and a 44% increase in employees going
above and beyond for their jobs.
Betterworks’ comprehensive and continuous performance management
solution leverages advanced analytics and AI capabilities to enable
leaders to implement data-driven performance strategies – ensuring
greater efficiency, clarity, fairness, and alignment across entire
organizations. Through goals, conversations, 1:1 check-ins,
feedback, and recognition software, and employee engagement
surveys, all in the flow of work, Betterworks leaders and employees
feel empowered to do their best work.
Winning the Lighthouse Research & Advisory award for “Best
Comprehensive Solution” in the Talent Management category – for the
second consecutive year – cements Betterworks’ leadership position
in the performance management ecosystem.
About Betterworks
Founded in 2013, Betterworks is the pioneer in intelligent
performance management solutions that help workforces and
organizations achieve their highest potential. Betterworks
reimagines performance management for all with an enterprise-ready
platform that fosters greater manager effectiveness and employee
performance, leading to higher satisfaction and retention and
better business outcomes.
Our customers’ employees are proven more engaged and satisfied
in their roles, which is why industry leaders like
Colgate-Palmolive, Intuit, Udemy, Freddie Mac, Vertiv, and the
University of Phoenix rely on Betterworks to manage and enable
excellent performance. Betterworks is backed by Kleiner Perkins,
Emergence Capital, and John Doerr.
For more information, please visit www.betterworks.com.
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Carole Barrow, Bospar PR prforbetterworks@bospar.com