Keeping an organization agile, current, and on track with its goals can be a constant struggle. There is typically a disconnect between high-level objectives and the communication to those carrying them out. However, one company has sought to change that. Betterworks’ new software has improved productivity, efficiency, and general business function. They accomplished this through continuous performance management from managers to employees. Historically, their products have excluded small and growing businesses. The software was simply out of reach for many, but that is no longer true.
Team edition is the latest release from Betterworks. It allows small and growing businesses to select the management tools used for a custom experience. With up to 100 people to a team, each can set aspirational goals and track progress. Companies can expect to make course corrections in real-time and improve communication throughout the team. The software allows for scheduled progress check-ins for immediate course correction. With this customizable software, one can expect high-level engagement throughout the team.
The vision for Betterworks has become more accessible to small businesses. Their vision is to provide every business with the capabilities to do business better. This recent expansion of Team Edition has delivered a cost-effective solution to many. Their software is effectively reaching all types of corporations, teams, and organizations. This new offering is helping to change the way reviews are handled and have introduced revolutionary concepts. Gone are the days of standard reviews that focus on the past or previous behaviors.
Tj Maloney has been with Lincolnshire Investment Company since 1993. Mr. Maloney, the company president, is well-educated. Maloney received his bachelor’s degree from Boston College in 1975. Tj Maloney earned his J.D. degree in 1979 from Fordham University. Maloney is a member of the Board of Trustees at Boston College. Tj Maloney had more than 30 years experience in the management investment business.
Tj Maloney is speaker of choice at schools such as Columbia University, supporting their M.B.A. program. Maloney served on the Board of Directors of Fordham University and currently serves on the Board of Directors of Boston College. Tj Maloney won the Richard J Bennett Memorial award in 2007 that was presented by Fordham Law School. Tj Maloney formerly served on the Board of Directors and Executive Committee of English Speaking Union of the United States and Board of Trustees in the Tilton School.
Prior to working Lincolnshire, Maloney practiced merger, aquisition, and securities law at the Boston College Wall Street Council. Mr. Maloney has directed many companies, including Custom Alloy Corp, Polaris Pool Systems, Walbash National Corporation, and others.
Frank Wright and Steven Kumble founded Lincolnshire Management in 1986. Tj Maloney succeeded James Tozer after Wright died in 1992 leaving the company presidency and CEO positions vacant. In 2005, Mr. Kumble left Lincolnshire to found Corinthian Capital. The company is headquartered in New York, N.Y. Lincolnshire Investments has been named the 5th ranking private equity firm by CNN and Fortune Magazine. Private Equity News puts Lincolnshire Investments in the top 10 for private investment firms. Customers give Lincolnshire a five star rating. Lincolnshire Investments has between 200 to 500 employees. Most of the employees believe it’s a great place to start a career. The investment company encourages employees to aspire to higher positions at the investment firm.
Research from Betterworks revealed that people want the management of talent to improve as businesses are being hurt by the shortcomings. The concerning aspects of organizations’ talent management are summarized in the report. There were over 1,000 managers surveyed in the industry all working in areas that had over 500 employees.
The roles that managers play in performance improvements, motivation and development of teams is not a large one. Betterworks found that the areas of talent management were all considered to be in need of improvements in the organizations. People who manage other people do not always feel they have the support they need to do their job and the performance and management of talent is suffering.
There is no longer a sense of purpose for managers. Companies with clear objects are performing 42% better than those that do not. Management feels that organizations lack purpose and the organizational alignment faces several challenges. A third of managers thought that employees clearly understood the vision and mission of companies while less than 40% thought the values were lived by the senior leaders.
Companies Lack of Alignment
Over half of the managers surveyed believed that priorities and goals were not communicated clearly enough for all team members to know what they were responsible for. The percentage was similar when it came to not clearly understanding the top priorities for companies during the following year. Managers do not feel that they are provided the proper training and people are primarily rewarded on the level of the job and the amount of time at the company.