REDWOOD CITY, Calif., Nov. 1, 2016 /PRNewswire/ -- BetterWorks, a company that provides enterprise software for powering performance with goals, feedback and data today announced its partnership with the Neuroleadership Institute (NLI), a global research organization that uses scientific insights to provide methodologies and frameworks that help organizations facilitate high performance.
NLI has been closely studying the move away from performance ratings since 2011. By fall of 2015, between 50 and 70 large companies had abolished ratings-centric performance management, including Accenture, Deloitte and GE (source).
Research from NLI shows that social threats and rewards, like one's sense of status or fairness, activate intense reaction networks in the brain, explaining the intense reactions people have to being assessed on a ratings scale. Their findings point to ways of designing better systems that evolve performance management beyond ratings.
Instead, according to a report from NLI, the single most important aspect companies should focus on when reengineering performance management is conversation quality, followed by effective feedback and change management.
With these recent trends in performance management, BetterWorks and NLI saw an opportunity to partner to help companies transform their traditional performance management process. The BetterWorks mission—to help companies become operationally excellent by powering performance with data—directly aligns with the mission of NLI—to use research-based principles to transform how companies think, develop and perform.
"By having the ability to leverage both NLI's research-based performance principles and BetterWorks' data-based approach to performance management, today's high-performing companies will be able drive the most effective performance management process fit for their culture," said Dr. David Rock, Director and CEO of NLI.
"We are extremely excited about our partnership with NLI," said Kris Duggan, CEO and co-founder of BetterWorks. "As we usher in a new era of performance management, there is a need for organizations like BetterWorks and NLI to work together to ensure that employees are reaching their full potential at work."
BetterWorks® provides enterprise software that powers performance with collaborative goals, lightweight feedback and real-time data. Its platform automates progress through integrations with Salesforce, Jira, Gmail, Google Sheets, Slack, Outlook and any HRIS. Built on Goal Science® insights, BetterWorks helps companies align and execute by empowering employees to reach their full potential at work.
The BetterWorks board of investors and advisors is comprised of luminaries in the HR & Operational industries, including John Doerr, Chair of KPCB, Bing Gordon, General Partner & Chief Product Officer at KPCB and Laszlo Bock, former SVP of People Operations at Google.
The company is headquartered in Redwood City, CA, with an office in New York City, and is backed by Kleiner Perkins Caufield & Byers, Emergence Capital and 8VC. Its customers include three companies in the Fortune 10, as well as top companies like AOL, BMW, Kroger, GoPro, Sony Music and Schneider Electric. To learn more, visit www.betterworks.com.
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