Betterworks Total Financing exceeds $65M with extended Series B Funding Round, Accelerating Growth of its Enterprise Continuous Performance Management® Solution
Summary
This investment will be used to maintain the pace of product innovation and to capitalize on accelerated sales momentum within enterprise organizations. "Betterworks provides the complete solution for companies looking to implement their unique continuous performance process through pairing quarterly Objectives and Key Results (OKRs) with the crucial conversations, feedback and recognition (CFRs) that align, motivate and develop their workforce," said John Doerr, chairman of Kleiner Perkins and New York Times bestselling author of Measure What Matters. " "The biggest challenge facing todays business leaders is improving workforce productivity and performance," Bersin said. "The key to sustained competitive advantage is adoption of continuous performance practices that are seamlessly integrated into the employees flow of work, and Betterworks continued innovation in this space demonstrates its understanding of how HR technology must support each enterprises unique process and provide value to the employee. Organizations are able to replace outdated, ineffective, universally loathed annual review processes with powerful Continuous Performance Management® programs that help managers be better at the goal alignment, feedback, coaching and development conversations necessary to inspire and motivate the entire workforce to collectively achieve an organizations top priorities today and be ready for tomorrows challenges.
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