15Five Software Expands Into A Full Employee Performance Management Suite With The Addition Of An Objectives Based Management Tool
San Francisco, California (PRWEB) November 16, 2016 -- 15Five, the employee engagement and performance software provider, today announced the addition of Objectives, their solution to create, track and manage the popular goal-setting method, Objectives and Key Results (OKRs). Blended into the 15Five weekly feedback practice, utilized by more than 1,100 companies worldwide, this offering automates the tracking of OKRs and provides managers with deeper insight into the motivations, distractions, and other issues that influence or hinder performance.
Popularized by Google, Oracle and Intel, OKRs are evolving the way companies manage performance. This includes creating more collaborative teams built on feedback, an emphasis on transparency, and having regular performance conversations between peers, and managers to employees.
With 15Five Objectives, managers set priorities for their teams, then work with employees to set individual objectives that align with department and company priorities. Employees share progress on their OKRs, alongside answering questions about morale, productivity, and performance, and acknowledging peers with High Fives -- all within a 15 minute weekly check-in. This lightweight process gives employees ownership over their contributions (objectives), and provides managers with immediate visibility into their team’s engagement and performance.
“Four years ago, I began 15Five with a vision to build a product that would help companies bring out the best in their people,” said founder and CEO, David Hassell. “Since then we’ve become a bedrock for culture and engagement at companies including Citrix, HubSpot, SalesLoft, JustFab and ShoreTel. As our product has matured, it’s become clear that now is the perfect time to add objectives to the platform, helping managers and employees achieve their goals. Until now, no other SaaS company has holistically addressed culture, engagement and performance in a single platform for these segments.”
The other options Hassell mentions are quite intricate and not ideal for mid-market companies. These companies often adopt enterprise solutions that are overpriced and overly complex (e.g. long rollout time) for their needs. 15Five Objectives is a lightweight alternative for SMBs and mid-market companies of up to 5,000 employees.
HR 2.0 is Here
15Five’s focus to deliver performance management solutions uniquely for mid-market and SMBs is indicative of the disruption of a larger shift in HR SaaS tools. “HR 2.0 is here,” said Tarun Kalra, Principal at Next World Capital in TechCrunch this past August. “With the transition to a talent-centric economy, the market now has moved beyond a focus on administration and process. It desires a new breed of HR SaaS, one which aligns business goals with talent versus aligning business goals with process.”
In March of this year, 15Five unveiled 15Five Plus, which introduced analytics and visual dashboards on employee feedback, morale and engagement. These additions make it easy for managers to administer, aggregate and analyze continuous employee feedback. With the inclusion of Objectives, companies can break down ambitious goals into smaller components throughout the organization. Steady progress can be made and measured, and the seemingly impossibly achieved.
15Five Objectives is available immediately, and is included in the 15Five Plus and Pro plans.
About 15Five
15Five is a fundamentally new way for businesses to maximize their talent by creating a culture of feedback. Through a lightweight weekly check-in, 15Five delivers a full suite of integrated tools - including continuous employee feedback, objective tracking (OKRs), pulse surveys, and peer recognition. Over 1,100 companies worldwide use the platform to allow employees to self-reflect on successes and challenges, stay focused on key objectives, and get regular feedback from managers who support them in reaching their potential. Founded in 2011 by David Hassell, 15Five is based in San Francisco and is backed by leading investors including Matrix Partners and Point Nine Capital.
Hollie Nishikawa, 15Five, http://www.15five.com, +1 7143176565, [email protected]
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