{"id":73972,"date":"2020-02-20T06:05:00","date_gmt":"2020-02-20T14:05:00","guid":{"rendered":"https:\/\/bwblogdev.wpengine.com\/?p=5890"},"modified":"2022-12-14T13:27:49","modified_gmt":"2022-12-14T21:27:49","slug":"betterworks-acquires-hyphen","status":"publish","type":"post","link":"https:\/\/www.betterworks.com\/magazine\/betterworks-acquires-hyphen\/","title":{"rendered":"Betterworks Acquires Hyphen, Enabling Every Enterprise to Better Connect  Employee Engagement to Business Impact"},"content":{"rendered":"\n<p>I\u2019m thrilled to announce that Betterworks has <a aria-label=\"acquired Hyphen (opens in a new tab)\" href=\"https:\/\/www.prnewswire.com\/news-releases\/betterworks-acquires-hyphen-enabling-every-enterprise-to-better-connect-employee-engagement-to-business-impact-301008194.html\" target=\"_blank\" rel=\"noreferrer noopener\">acquired Hyphen<\/a>, a leading <a href=\"https:\/\/www.betterworks.com\/product\/engage\/\">continuous employee listening and engagement platform<\/a> based in San Francisco. This acquisition expands the capabilities of our <a aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/www.techrseries.com\/hrtechnology\/betterworks-wins-gold-at-the-2019-brandon-hall-group-excellence-awards-in-technology\/\" target=\"_blank\">award-winning solutions<\/a> to significantly improve our customer\u2019s ability to continuously generate actionable insights from their workforce and create the goals that will drive measurable improvements in performance.&nbsp;<\/p>\n\n\n\n<p>At Betterworks, one of our guiding principles is to be data-rich and process light. This acquisition of <a href=\"https:\/\/www.betterworks.com\/hyphen-product-update-full-speed-ahead-in-2019\/\">Hyphen<\/a> provides another valuable resource to help managers and HR leaders make data-driven decisions about people&#8217;s careers and compensation and address the bias that many of these processes are riddled with today. A convergence of factors has led to an increased focus on listening to employees at all stages in their lifecycle and taking action on that feedback: a younger workforce that values more personalized engagement, an understanding that <a aria-label=\" (opens in a new tab)\" rel=\"noreferrer noopener\" href=\"https:\/\/www.betterworks.com\/continuous-performance-management-delivers-better-business-results\/\" target=\"_blank\">employee performance is the driver of business performance<\/a> and the need of both HR and leaders to have actionable insights about their workforce at their fingertips.&nbsp;<\/p>\n\n\n\n<p>The bottom line is that listening to your employees is critically important to any successful company. Enterprises need to be able to track benchmarks, identify and prioritize initiatives that improve results and then track the progress of these key employee engagement metrics over time. We will be integrating Hyphen&#8217;s survey, polling and recommendation capabilities into our enterprise offering as Betterworks Engage and this completes the loop of measuring engagement, then executing on the right areas using OKRs, and then developing people through continuous conversations, feedback, and recognition (CFRs).<\/p>\n\n\n\n<p>\u201cFeedback is one of the most important parts of performance management, so companies want and need these systems to work together,\u201d according to Josh Bersin, a global industry analyst, and a Betterworks Board Observer. \u201cThis acquisition is a good example of a big trend in the market &#8211; linking goal setting, conversations, surveys, and employee experience data into a single \u201caction platform\u201d for managers.\u201d<\/p>\n\n\n\n<p>Our solutions have seen multiple updates following the closing of our <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.prnewswire.com\/news-releases\/betterworks-total-financing-exceeds-65m-with-extended-series-b-funding-round-accelerating-growth-of-its-enterprise-continuous-performance-management-solution-300808333.html\" target=\"_blank\">Series B funding round in early 2019<\/a>, including the launch of <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.prnewswire.com\/news-releases\/betterworks-expands-its-continuous-performance-management-solution-with-calibration-and-feedback-summary-300986109.html\" target=\"_blank\">Calibration<\/a> in early 2020. Customers adopting Engage will have the ability to continuously listen to employees \u201cfrom pre-hire to retire,\u201d turn these insights into goals and then seamlessly track improvement over time. This capability ties the measurement of employee engagement more tightly to the delivery of desired business outcomes. These employee listening, survey, and polling capabilities also increase the data collected from and about the workforce; data that can be further leveraged to inform, transform and simplify other critical business and talent processes.&nbsp;<\/p>\n\n\n\n<p>Finally, I\u2019m also excited to share that <a href=\"https:\/\/www.betterworks.com\/hyphen-joins-the-500startups-family\/\">Hyphen\u2019s extremely talented team<\/a> will be integrated into the Betterworks family! Arnaud Grunwald, co-founder, and CEO of Hyphen will be transitioning into the role of Chief Strategy Officer, Engagement at Betterworks and we\u2019re thrilled to have him on board.&nbsp;<\/p>\n\n\n\n<p>\u201cJoining forces with Betterworks simply and powerfully answers enterprises\u2019 demand to seamlessly link listening to doing, and to shorten their \u2018feedback to action\u2019 cycle time\u201d, said Arnaud. \u201cThe best-run companies understand that they get a clear competitive advantage from building a culture of frequent, transparent feedback, and surfacing opportunities for people leaders to better retain their top performers and drive continuous data-driven business improvement.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Betterworks acquires Hyphen, an employee listening and engagement platform.<\/p>\n","protected":false},"author":60,"featured_media":73897,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","inline_featured_image":false,"footnotes":""},"categories":[235,3521],"tags":[],"featured_location":[],"industry":[],"class_list":["post-73972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-betterworks-news","category-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v18.1 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Betterworks Acquires Hyphen | Betterworks Blog<\/title>\n<meta name=\"description\" content=\"Betterworks acquires Hyphen, a leading continuous employee listening and engagement platform based in San Francisco.\" \/>\n<meta name=\"robots\" content=\"index, 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