Betterworks was founded in 2013 in Silicon Valley with the purpose of giving businesses the possibility of harnessing workforce data through advanced technology in order to help them be more efficient and therefore more profitable. In July of 2019, Betterworks released their research that showed how many people managers in companies feel that talent is not being well managed in most every area, and as a result, businesses are less profitable than they might be.
Betterworks comments that how employees are managed will set the course for success in organizations. Managers need to feel that talent management supports the development of the workforce team and also supports the managers themselves. In order for this to be the case, HR needs to give managers training and tools so they can be effective by setting up avenues of feedback and helping in the development of team members so that individual and team goals are clear. Research shows that coaching for management is sorely lacking in most companies. Many managers feel that their performance processes are outdated and less of a help than a hindrance.
Betterworks provides the tools needed for organizations to develop the workforce on a path to business growth. Software solutions that are easy to use help organizations replace the now outdated yearly review procedure through Betterworks Continuous Performance Management that shows managers how to communicate in positive ways with employees, to motivate and inspire them so that everyone is on the same path and prepared to work towards company goals.