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.
Funding
$395K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
1VCVIFYGFounders
Product
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.
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.
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.