About Betterteem AI

Betterteem is a predictive and prescriptive AI platform that analyzes employee sentiment and data to forecast potential resignations, allowing organizations to proactively manage talent retention. In 2023, Betterteem's AI-driven insights led to an 18% increase in employee retention and a 41% boost in productivity, saving clients over $18 million in hiring costs and lost productivity.

```xml <problem> High employee turnover rates can significantly impact organizational productivity and profitability due to increased hiring costs and loss of institutional knowledge. Traditional methods of gauging employee sentiment are often reactive and fail to provide timely insights into potential resignations. This makes it difficult for organizations to proactively address the root causes of attrition and retain valuable talent. </problem> <solution> Betterteem AI is a predictive analytics platform that leverages employee feedback and data to forecast potential resignations, enabling organizations to proactively manage talent retention. The platform analyzes various factors contributing to employee experience, such as feedback, recognition, and access to benefits, to identify employees at risk of leaving. By providing timely alerts and insights, Betterteem AI empowers leadership to address employee concerns, improve engagement, and mitigate unwanted turnover. The platform's features include anonymous feedback channels, peer-to-peer recognition tools, flexible benefits programs, and check-in tools for monitoring progress and development plans. </solution> <features> - AI-driven analysis of employee feedback and unstructured data to assess resignation risks. - Anonymous feedback channels to promote psychological safety and encourage actionable observations. - Peer-to-peer recognition platform to foster a culture of positive working culture. - Betterteem Flex™ provides employees access to flexible benefits and exclusive discounts. - Check-In tool to monitor progress, record development plans, and provide assistance for career advancement. - Attrition volume forecasting. </features> <target_audience> The primary target audience includes HR departments, people managers, and organizational leaders seeking to improve employee retention and reduce the costs associated with employee turnover. </target_audience> ```

What does Betterteem AI do?

Where is Betterteem AI located?

Betterteem AI is based in Taguig, Philippines.

When was Betterteem AI founded?

Betterteem AI was founded in 2022.

How much funding has Betterteem AI raised?

Betterteem AI has raised 395000.

Location

Taguig, Philippines

Founded

2022

Funding

395000

Employees

11 employees

Major Investors

Techstars, 1337 Ventures, Crestone Venture Capital, IdeaSpace Foundation, Yozma Group Korea

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Betterteem AI

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Executive Summary

betterteem.com 1K+

Crunchbase

Founded 2022 – Taguig, Philippines

Funding

Estimated Funding

$300K+

Major Investors

Techstars, 1337 Ventures, Crestone Venture Capital, IdeaSpace Foundation, Yozma Group Korea

Team (10+)

No team information available.

Company Description

Problem

High employee turnover rates can significantly impact organizational productivity and profitability due to increased hiring costs and loss of institutional knowledge. Traditional methods of gauging employee sentiment are often reactive and fail to provide timely insights into potential resignations. This makes it difficult for organizations to proactively address the root causes of attrition and retain valuable talent.

Solution

Betterteem AI is a predictive analytics platform that leverages employee feedback and data to forecast potential resignations, enabling organizations to proactively manage talent retention. The platform analyzes various factors contributing to employee experience, such as feedback, recognition, and access to benefits, to identify employees at risk of leaving. By providing timely alerts and insights, Betterteem AI empowers leadership to address employee concerns, improve engagement, and mitigate unwanted turnover. The platform's features include anonymous feedback channels, peer-to-peer recognition tools, flexible benefits programs, and check-in tools for monitoring progress and development plans.

Features

AI-driven analysis of employee feedback and unstructured data to assess resignation risks.

Anonymous feedback channels to promote psychological safety and encourage actionable observations.

Peer-to-peer recognition platform to foster a culture of positive working culture.

Betterteem Flex™ provides employees access to flexible benefits and exclusive discounts.

Check-In tool to monitor progress, record development plans, and provide assistance for career advancement.

Attrition volume forecasting.

Target Audience

The primary target audience includes HR departments, people managers, and organizational leaders seeking to improve employee retention and reduce the costs associated with employee turnover.