The Hunger Games at Work
- Apr 30, 2015
- Marc Fogarty
How would you feel if work became an open competition where your achievements and your failures were known by all company employees? There is definitely an upside and a downside to such a system; but BetterWorks, a two-year-old company headquartered in Palo Alto, CA, is betting it is a good idea.
BetterWorks makes software that encourages employees to publically post their goals so their coworkers can give encouragement or 'nudges' to help them achieve those goals. All employee achievement profiles are publicly displayed, and everyone can see everyone else’s progress. By turning the workplace into a competitive game-type setting, businesses hope to engage today's electronic game-playing generation in a way that's fun while improving company-wide performance.
This could go two ways. Some employees might enjoy the competition and accolades for their accomplishments, whereas others might be made anxious and consider it bullying. For shy or modest people, having a system show their accomplishments rather than personally bragging is an acceptable way to reward their efforts.
BetterWorks originally sold their product to nearby tech companies and then expanded to a broader range of customers. They recently raised $15.5 million in venture capital. As I said in a recent article on tech innovation, technology companies are often built around innovative “new” ideas, or at least creatively re-imagined ones. Time and patience will be needed to see if this idea takes off.
What's on Your Mind?
Marc Fogarty, Audit Partner and National Biotech Sector Leader, within Technology and Life Sciences Group, and member of the firm's Public Companies, Cleantech and International Services Groups. Marc is experienced in public accounting, serving public and private organizations and has presented on IFRS to professional groups.
Start a conversation with Marc
Explore More Insights
It's Not You, It's Your Software | Embracing the Future as a Digital CFORead More
Proposed Regulations for Determining Proceeds, Basis, and Reporting Requirements for Digital AssetsRead More
Receive the latest business insights, analysis, and perspectives from EisnerAmper professionals.