Company Overview

About Betterworks

Betterworks Details

Founded

2013

Revenue

$22M

Funding

$152M

Team Size

210

What SIA Thinks

Betterworks is a performance management software designed to help organizations align, develop, and boost their teams' performance. The platform provides tools that make it simpler for managers and employees to set clear and meaningful goals, receive ongoing feedback, and have open and productive conversations about their development.

At its core, Betterworks aims to bridge the gap between company objectives and the efforts of individual employees. By making goals and achievements more visible and connected, companies of all sizes can improve their overall collaboration and efficiency. It’s like having an easy-to-use blueprint for success that everyone on the team can follow.

One of the standout features of Betterworks is its focus on continuous performance management instead of annual reviews. This means that instead of waiting for a year to discuss progress or issues, managers and team members can keep track of performance in real-time. Regular check-ins and feedback sessions help ensure that everyone is on the same page and can address challenges promptly.

Additionally, Betterworks emphasizes employee development and engagement. By fostering a culture of frequent communication and recognition, the software helps employees feel more connected to their work and motivated to grow in their roles. This ongoing support can lead to higher job satisfaction and lower turnover, which is beneficial for any organization.

The software also comes with simple reporting tools that allow managers to track progress and identify trends. These insights can be valuable for making informed decisions and improving overall business strategies.

Overall, Betterworks provides a straightforward yet effective way for managers and their teams to stay aligned, develop skills, and succeed together. Whether you are a small business or a large enterprise, this software can assist in improving the way you manage your workforce and attain your business goals.

Metrics History

7/22 - 4/24

Trending up by 5.2% this month
Showing teamSize history

Pros and Cons

Pros

  • Feedback tools
  • Goal alignment
  • Goal tracking
  • Team alignment
  • Feedback system
  • User-friendly interface
  • Performance tracking
  • Integration options
  • Performance boosts
  • Engagement tools

Cons

  • Overwhelming features
  • High cost
  • Learning curve
  • Limited customization
  • Limited reports
  • Learning curve
  • Limited customization
  • Cost concerns
  • Integration issues
  • Mobile app bugs

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