The Wicked Problem
“Organisations need to find a way of including all staff in decision-making and they need to acknowledge employee satisfaction and culture as key contributors to performance and those that succeed will outperform their competitors.”
Says Mike Carden co-founder of Joyous
“Employees want to tell their leaders about things that are happening to them, but there aren’t that many ways for them to do that outside of anonymous feedback, which immediately becomes someone else’s problem,”
The solution
Joyous has raised $14.5 million from Square Peg, AirTree Ventures and Icehouse Ventures to build out its enterprise feedback software and enhance its machine learning insights - that will help track measure and reward employee engagement .
Joyous, is a tool that creates transparent conversations between managers and staff, directs them to relevant people within an organisation then layers a machine learning element to extract insights into how the company can achieve its objectives.
Mike Carden has done this before - and VCs back people! He founded m HR software-as-a-service (SaaS) business called Sonar6, which was acquired by Nasdaq-listed Cornerstone OnDemand, in 2012.
Problems that need to be solved
How do multinational organisations cope with remote working across countries?
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How can you track and measure how your team feels?
How can employers use software to monitor where employees are and how they feel when they work remotely,?
Money use for
The money raised will be used to hire more data scientists to work with its large enterprise customers to further tweak how employee feedback can enhance business-wide decision-making.
Square Peg co-founder Barry Brott said.
“They’re building something of real consequence – giving workers a voice, and helping companies champion trust, action and autonomy,”
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