Companies mentioned in the report are disrupting traditional methods and beliefs to improve and enhance employee engagement outcomes.
Gartner Inc. named BetterUp as a “Cool Vendor” in its Cool Vendors in Human Capital Management: Enhancing Employee Experience report. BetterUp as a company has pioneered mobile coaching to help all workers live their lives with optimal clarity, purpose, and passion. Gartner clarified that the “Cool Vendors” presented in the said report draw attention to innovative employee engagement methods deployed by the use of technology and are changing the traditional methods to improve employee engagement outcomes.
BetterUp is the opinion that being featured in the report validates its capabilities to help all employees, irrespective of their positions, by one-on-one coaching to enhance their performance and leadership skills. The analytics and reporting capabilities that BetterUp’s mobile platform offers to provide data on the measurable impact that improved employee performance is setting the standards high by helping companies improve their bottom lines. The report also states that traditional methods of leadership coaching overlook mobile-enabled technology and digital media, and hence result in poor employee experience, reduced scalability, and low ROI.
Contribution to Learning and Development
More than $200 billion is spent on Learning & Development every year. But, only 10% of it is effective because most part of the training is forgotten quickly or isn’t transferred to the workplace. Founded in 2013, BetterUp is a mobile-based leadership development platform that has been helping users with on-demand, virtual coaching sessions where they practice and strengthen new behaviors and skills.
Alexi Robichaux, the CEO and Founder of BetterUp stated, “We are delighted to be selected as a Gartner Cool Vendor. We believe this recognition confirms our focus on transforming leadership in a unique way by combining the human touch, behavioral science, and digital technologies, including AI, machine learning, and mobile, into a truly innovative product that is leading the burgeoning field of investing in human flourishing to improve lives, workplaces, and performance.” He also added that the company will continue to innovate, execute, and deliver measurable results while respecting the workers as humans first, and employees second and that it will transform workplaces from the inside out, rather than going with the top-down approach.
Companies have achieved up to 26% jump in job performances, a 25% increase in focus, and a 15% reduction in burnout with the help of its innovative coaching modules. With 28 out of the Fortune 1000 companies under its belt, BetterUp has tripled its revenue in 2018 for the second consecutive year.