REDWOOD CITY, Calif., Dec. 12, 2016 /PRNewswire/ -- BetterWorks, a company that provides enterprise software for powering performance with goals, feedback and data, today announced results from a survey that measured employee sentiment at work. The survey not only revealed that employees are demanding more transparency, but also proved that visibility into employees' goals is directly correlated to greater recognition and better performance on the job.
Wakefield Research, commissioned by BetterWorks, surveyed 1,000 fully employed U.S. adults (excluding the self-employed) for their opinions on goal-setting and what drives performance at work. The majority of respondents agree that adding transparency across individual and organization-wide goal-setting would have a positive impact on their work. Other key survey findings include:
- 64% of employees believe their company's leadership isn't completely transparent when communicating top goals
- 37% said that greater visibility of company and employee goals would spur their performance
- 92% of employees said they'd work harder if their co-workers could see their goals
- Nearly one-third of women (32%) believe they completely understand how their work contributes to company goals, compared to 25% of men
- 50% of women believe greater recognition would help boost their work performance, compared to 39% of men
- Workers are dissatisfied with their managers' feedback on their performance, with 62% responding that feedback isn't useful and frequent enough
"Secrecy at work is dead," says BetterWorks CEO Kris Duggan. "Today's workers are holding their employers to higher standards, and transparency is now the norm. But perhaps more interestingly, these survey results point to the negative impact a lack of transparency can have on your workforce and employee performance. When goal-setting is open and collaborative, managers can better recognize employees for their work, and employees are motivated to work harder."
The study also revealed discrepancies between men and women in the workplace - 50% of women believe greater recognition would boost work performance, compared with only 39% of men. Thirty four percent of male survey respondents say increased visibility into goals and greater employee accountability would boost work performance, compared to only 22% of women.
BetterWorks customers, including AOL and Beachbody, are using BetterWorks to increase transparency across their workforce. More than 250 enterprise companies use BetterWorks to power employee performance with collaborative goals, feedback and real-time data.
The BetterWorks Survey was conducted by Wakefield Research (www.wakefieldresearch.com) among 1,000 U.S. adults employed full-time, who are not self-employed, between November 10th and November 17th, 2016, using an email invitation and an online survey.
Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results. For the interviews conducted in this particular study, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.1 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
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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