We’re thrilled to announce that Betterworks has been recognized as one of the “Top HR Products for 2024” by Human Resources Executive® and the HR Technology Conference & Exposition. As one of only 20 companies to receive this award, Betterworks is proud to be at the forefront of modern performance management for large enterprises.
This accolade celebrates Betterworks’ game-changing application of AI in Talent Profiles, which transforms how organizations assess and develop skills, driving more effective workforce strategies. By drawing on information in performance reviews, peer feedback, recognition, and goal completion, Betterworks can identify and provide evidence of employee skills. This breakthrough aligns skill advancement with performance management, facilitating an evidence-based and employee-centered approach to becoming a skills-led organization.
“We are incredibly honored to receive the ‘Top HR Products of 2024’ award for our Talent Profiles,” says Doug Dennerline, CEO of Betterworks. ”This recognition reflects our commitment to innovating with purpose — using AI to create transparent, evidence-based insights that enable organizations to effectively develop their workforce and meet the challenges of today’s talent landscape.”
By offering transparent, data-backed insights, Talent Profiles enables organizations to identify skill gaps and create personalized development plans that align with business goals. For employees, the depth and accuracy of these profiles significantly enhance internal mobility, uncovering career pathways that might have once been hidden.
How talent profiles promote skills-based organizations
As industries evolve, companies are becoming skills-led to remain adaptable, focusing on leveraging employee capabilities rather than traditional roles to drive business success. Betterworks Talent Profiles provides an evidence-based approach to skills management. Drawing on Lightcast’s open source skills taxonomy and performance management data in Betterworks, Talent Profiles can be used to surface skills employees have already demonstrated, including specific data points like a performance conversation, piece of feedback, or completed goal to support the validation process.
This makes skills validation easy for managers, reducing bias, and mitigating the challenges that surface when employees do not work directly with their managers.
This innovation is particularly crucial as more organizations shift toward skills-based hiring and development. “Traditional skills profiles often rely on self-reported data, which can be inaccurate and outdated,” explains Cheryl Johnson, chief product and technology officer at Betterworks. “Betterworks Talent Profiles instead leverage AI to analyze and synthesize data from multiple sources, which provides a more accurate, verifiable, and dynamic representation of an employee’s skills.”
The impact of this technology is far-reaching. Organizations will be far better able to provide real-time talent development, career pathing, succession planning, and workforce planning. They will also be able to more easily uncover hidden skills among their employees. Talent Profiles will link talent development to performance management by enabling skills acquisition to be a career development goal within the performance management system. Ongoing and targeted skill-building will improve internal mobility, in turn leading to greater retention.
Betterworks’ Talent Profiles serve as a self-awareness tool for employees, helping them to pinpoint existing skills, identify growth areas, and develop personalized development plans. Managers will receive a transparent view of team capabilities, to optimize project assignments and foster targeted growth discussions. They will also be able to use these insights to coach their teams more effectively, ensuring that the right skills are developed at the right time. For HR teams, skills surfaced in Betterworks’ Talent Profiles will translate into a deeper understanding of the organization’s talent landscape, enhancing talent management and strategic workforce planning.
Responding to customers’ needs
Winning the “Top HR Products for 2024” award underscores our commitment to leveraging AI to solve the challenges facing HR leaders today, especially in skills tracking and performance management, and to provide our customers with technology designed for the future.
“By thoughtfully bringing AI into our software in a way that enhances the employee experience, improves coaching, and reduces bias, we are not only addressing the current challenges in skills management but also setting a new standard for performance management,” Doug said. “This accolade also reinforces our dedication to the responsible use of AI in performance management.”
According to the HR Tech Awards judging committee, “One of the challenges for HR leaders when considering new AI-powered technologies is seeing a clear path to value and adoption of these often-complex solutions. Betterworks Talent Profiles addresses that challenge with a clear design and approachable user experience. Plus, by using AI tech to tap into the rich set of employee data contained in performance reviews, peer feedback, and employee goals, the Betterworks Talent Profile will be updated with accurate and updated information about employee skills. This leads to employees having better information and understanding of their skills and for the organization, it enhances and powers overall talent management and workforce planning.”
The award is a testament to the company’s relentless focus on innovation. Betterworks believes that modern performance management is about more than just tracking metrics — it’s about enabling employees to be their best selves at work every day by developing solutions that help organizations unlock their employees’ full potential and achieve their most ambitious goals.
Betterworks product team
Innovation at Betterworks is a team effort, and this award would not have been possible without the dedication of the Betterworks product team, led by Cheryl Johnson. From concept to execution, Cheryl’s team has worked tirelessly to develop a solution that not only meets the needs of today’s HR leaders but anticipates the challenges of tomorrow.
“We’re immensely proud of our product team for their hard work and dedication to making our enhanced Talent Profiles a reality,” Doug said. “Their ability to integrate AI seamlessly into our platform while maintaining our commitment to user-friendly, data-backed solutions is what sets Betterworks apart.”
The journey to creating Betterworks Talent Profiles was driven by a deep understanding of customers’ needs. The product team focused on addressing the limitations of traditional skills tracking and validation, ensuring that the solution could provide real-time, evidence-based insights that enhance both employee development and organizational performance.
Anticipating the future
As we continue to innovate and push the boundaries of what’s possible in performance management, we remain committed to helping our customers achieve their most ambitious goals. Stay tuned for more exciting developments from Betterworks as we continue to lead the way in transforming performance management to create a cohesive and engaging talent experience for all employees.
Learn more about how Betterworks leverages AI to help customers make the most of their performance management.
