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Betterworks Earns Lighthouse Research & Advisory Award For Best Comprehensive Solution In

By Business Wire

Business Wire
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This latest recognition, the company’s first since building AI into its software, confirms the effectiveness of purpose-built performance management solutions

MENLO PARK, Calif.--(BUSINESS WIRE)--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.


Contacts

Carole Barrow, Bospar PR
prforbetterworks@bospar.com

First published on Wed, May 1, 2024

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Betterworks Performance Management Talent Management Employee Engagement

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