EMPLOYEE EXPERIENCE, EMPLOYEE ENGAGEMENT
Businesswire | April 20, 2023
Betterworks, the leader in modern performance management solutions, today announced an embedded analytics partnership with Visier, the globally recognized leader in people analytics, to provide HR leaders with deep people insights around what drives employee success in the workplace. This capability will allow customers to develop targeted strategies to improve performance, engagement, and overall organizational success. Under the partnership, Betterworks will seamlessly integrate Visier’s analytics engine into a new offering called Betterworks Advanced Analytics that will be available on the Betterworks platform.
According to the “The State of People Analytics 2022-23” report, only 29% of HR professionals believed their organization is good at making positive changes based on people analytics. Most enterprise HR teams have an abundance of people data around such factors as performance, engagement, behaviors, and skill development, but the data exists in scattered silos, and integrating them is usually a struggle. Consequently, there is no way to pinpoint the impact of HR programs on employee behavior and overall business outcomes. In addition, most data analytic tools are not easy to work with—they offer no guidance around the right questions to ask or the range of factors to consider. Nor do they indicate how to use the information and explain the decisions it can drive.
In contrast, Betterworks Advanced Analytics is unique because it brings together the rich data from the Betterworks platform, including performance, engagement, employee growth data, and employee demographic data. Dashboards provide coherent insights for HR to deliver on the right talent initiatives, such as investing in the most valuable performance-building activities and knowing how to refocus employee training efforts. The solution also presents the insights in the form of a visual data story that follows a narrative structure starting with the business question and presenting the answer in the form of a dashboard.
In the first phase of its launch, Betterworks Advanced Analytics will offer chief people officers and HR business partners several benefits:
Enhance workforce effectiveness through a deep comprehension of the factors that enable or inhibit employee performance and engagement. Actionable insights provide clarity around steps to take to inspire and retain the talent base.
Unmask hidden bias in the performance process by revealing the differences in career coaching, developmental opportunities, performance ratings, and other activities for different groups within an organization. This information helps direct organizational DEIB initiatives and enables HR leaders to take action to ensure fairness in employee performance enablement and career advancement.
Establish a connection between learning and development (L&D) initiatives and their impact on the business value to fine-tune learning programs for optimal employee growth and performance.
HR will now be able to focus on understanding the enablers of top performance, productivity, and engagement in employees. Their organizations will move far beyond connecting-the-dots and basic operational questions to harness strategic people insights for the health of the business. “The C-Suite expects HR leaders to have answers to questions about how to strategically invest in talent development, especially as it relates to advancing the business and helping employees reach their growth and development targets,” said Arnaud Grunwald, chief product officer at Betterworks. "Betterworks Advanced Analytics enables companies to uncover hidden patterns by unlocking the wealth of data they have around employee goals, feedback, check-in conversations, performance ratings, calibration data, and much more. We are thrilled about our partnership and investment in a robust platform like Visier in this next phase of Betterworks’ analytics journey.”
“What Visier is best at is connecting data on people into the insights that improve business outcomes,” said Dave Weisbeck, chief strategy officer at Visier. “With Betterworks, there is an amazingly rich set of engagement, performance, and skills data that comes from their modern approach to performance management, and so we couldn't be more excited about being an embedded partner with Betterworks so that we can help them unlock those insights for their customers.”
As businesses deal with the current economic uncertainty, the good ones know that the thing to focus on is remaining relevant by preparing for the long term. And that means implementing a talent management strategy that will allow them to do more with the fewer people they now have, identify the drivers of outperformance to empower all employees, and position the workforce for agility and resilience to smoothly navigate change. Betterworks Advanced Analytics enables businesses and HR leaders to do just that by providing insightful people data so that HR leaders can focus on actions that both drive employee development and better support conquering business goals. The first phase of the general availability of Betterworks Advanced Analytics is planned for the Summer of 2023.
Founded in 2013, Betterworks develops best-in-class performance management solutions that enable exceptional results and put employee experience at the heart of how companies align, motivate, retain, and develop their people. Unlike monolithic legacy HR technology, Betterworks’ lightweight and enterprise-ready SaaS solutions for check-ins, feedback, employee engagement, and recognition are built to scale for businesses of all sizes. Our customers’ employees are proven more engaged and satisfied in their roles, which is why industry leaders like Colgate-Palmolive, Intuit, Freddie Mac, Asurion, Udemy, Vertiv, HCSC, and the University of Phoenix rely on Betterworks to manage and enable performance. Betterworks is backed by Kleiner Perkins, Emergence Capital, and John Doerr.
Visier is the recognized global leader in people analytics, providing on-demand answers to people-powered businesses. Behind every great brand, product, or idea is the Human Truth, and the Visier People Cloud reveals the fundamental questions and actionable truths capable of elevating your employees—and your business—to new heights. Founded in 2010 by the pioneers of business intelligence, Visier has over 25,000 customers in 75 countries around the world, including enterprises like BASF, Bridgestone, Electronic Arts, McKesson, MerckKGaA, and more. Visier is headquartered in Vancouver, BC with offices and team members worldwide.
HR STRATEGY, EMPLOYEE BENEFITS
Globenewswire | May 26, 2023
Indeavor, industry leader in People Operations & Workforce Management, today announced the launch of its Labor Demand Planning software, which enables large enterprises with a 24-hour shift-driven workforce to integrate their ERP and Workforce Management systems at a global scale.
This is a first-of-its-kind solution that has the ability to address very complex labor and demand planning situations at scale. By reducing the time spent by demand planners in the system and eliminating the need for manual demands through automation, Indeavor's Labor Demand Planning solution directly aligns organizations' ERP systems, leaving no room for human error, and improving labor alignment for the production scheduled to the labor that is required.
One of the key features of Indeavor's new solution is its integration with ERP systems. The ability for ERP systems to send raw data directly to Indeavor, and for Indeavor's functionality to translate that information into the correct labor requirements significantly improves the end-to-end operational experience.
"We're thrilled to bring our Labor Demand Planning solution to organizations with complex production planning processes who need real-time workforce alignment and communication," said Brandon Schwarz, CEO of Indeavor. "This is a solution that has been researched and built over years of first hand experience and partnership with our customer base and allows these same organizations to seamlessly address complex labor and demand planning situations at scale. By integrating workforce management with ERP systems, we can significantly reduce the need for manual labor planning, improve productivity and create a delightful user experience for our partners and customers."
The Labor Demand Planning software is part of Indeavor's comprehensive suite of workforce management software solutions, designed to help organizations streamline their operations and optimize their workforce. The software is currently being leveraged by enterprise customers, and will be generally available May 23, 2023.
Indeavor is the leading 24-hour people operations and workforce management platform. It offers the full breadth of solutions required to fully optimize your 24-hour shift workforce. Further, Indeavor solutions have the depth to achieve best-in-class performance.
The People Operations platform enables large organizations around the world in the manufacturing, energy production, public service (government), consumer packaged goods, and other complex/dynamic environments with employee scheduling and absence management solutions. By handling complexity through advanced automation, Indeavor ensures customers have the right person, in the right place, at the right time.
HR STRATEGY, EMPLOYEE ENGAGEMENT
Globenewswire | April 24, 2023
Edenred, a leading digital platform for services and payments and worldwide leader in Employee Benefits, today announced the signing of an agreement to acquire 75% of the share capital of GOintegro, a Latin American provider of a SaaS employee engagement platform. GOintegro offers a broad range of engagement solutions, designed to help companies enhance their organizational culture and be an employer of choice in attracting and retaining talents.
The acquisition of GOintegro illustrates Edenred’s ambition – set out in the Beyond22-25 strategic plan - to be the everyday platform for people at work, notably by extending the scope of its portfolio. Through the integration of GOintegro’s modular employee engagement platform, Edenred broadens its offer and strengthens its lead in the Latin America's Employee Benefits market.
Founded in 2002, GOintegro combines superior technological innovation with HR expertise to increase employee engagement at work through services such as savings & discounts, reward & recognition programs, wellbeing content or internal communication and pulse surveys. GOintegro provides these solutions through a unique multi-module platform available in seven Latin American countries2. GOintegro’s 130 employees serve more than 1.2 million users and 500 clients, including large companies such as Bayer, General Electric, HP and PepsiCo.
As a worldwide leader in Employee Benefits, Edenred has successfully extended its portfolio into non-Meal & Food benefits over the years. The Group has notably developed a leading offer in Employee Savings and Benefits management platforms in 12 countries, including flagship solutions such as ProwebCE in France, Ekivita in Belgium, and Easywelfare in Italy. The acquisition of GOintegro marks a new step forward in the rollout of Edenred’s Beyond22-25 strategy, as it helps the Group accelerate the expansion of its Employee Benefits offer in Latin America’s Rewards & Recognition and Well-Being markets. Thanks to a highly complementary product range, and a similar geographical footprint, Edenred is ideally positioned to leverage GOintegro’s offer and thereby strengthen its value proposition for HR managers in Latin America.
The transaction is subject to the approval of the Brazilian competition authority and is expected to close by June 2023.
Arnaud Erulin, Chief Operating Officer, Employee Benefits, at Edenred, said: “Through the acquisition of GOintegro, Edenred is taking a new step forward in the deployment of its Beyond22-25 strategy. The combination of Edenred’s unrivaled expertise in Employee Benefits and GOintegro’s leadership in employee engagement in Latin America creates a leader in the region with strong growth ambitions. We are delighted to welcome GOintegro’s teams to Edenred and look forward to integrating their offering into our unique platform.”
German Dyzenchauz, Chief Executive Officer at GOintegro, said: “We are extremely proud to join Edenred, as we share the same human values and vision of being the everyday platform for people at work. We see amazing synergies between Edenred’s unique products and footprint in Latin America and our world-class employee engagement platform which will accelerate our impact and growth in the coming months and years.”
Edenred is a leading digital platform for services and payments and the everyday companion for people at work, connecting 52 million users and 2 million partner merchants in 45 countries via 950,000 corporate clients.
Edenred offers specific-purpose payment solutions for food (such as meal benefits), incentives (such as gift cards, employee engagement platforms), mobility (such as multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (such as virtual cards).
True to the Group’s purpose, “Enrich connections. For good.”, these solutions enhance users’ well-being and purchasing power. They improve companies’ attractiveness and efficiency, and vitalize the employment market and the local economy. They also foster access to healthier food, more environmentally friendly products and softer mobility.
Edenred’s 10,000 employees are committed to making the world of work a connected ecosystem that is safer, more efficient and more responsible every day.