The main benefit is the fact that it's a central repository of everyone's goals. All employees who are not front-liners have their goals documented in the system. This makes it very easy to do performance appraisals. One simply needs to compare what someone has achieved versus what they originally wrote down as a goal at the beginning of the year.
The option to click on radio buttons that specify whether someone has achieved all of their goals, some but not all, or not at all, takes the guesswork when determining whether someone has completed their goals or not. The percentage of completion for each of the goals also makes it easy to determine just how far an employee has gotten towards accomplishing all their goals.
This makes it easy for all employees to articulate, document, and update their goals for the year. As soon as they make some progress towards the completion of their goal, they can simply update each one, using both the percentage completion, and a comments section that allows them to enter useful information such.
The company also uses Betterworks to get people to say their career focus for the next quarter will be. This is giving employees a chance to tell their manager what's on their mind as far as career growth is concerned.
Another thing that we have added to the system are 3 options that allow an employee to declare what they would like to happen to their career. They can choose any of the following options: enhance, expand, or explore. The first option means they would like to further deepen their knowledge and skills about their current role. The second option means they are looking for advancement, either in the form of a promotion or additional training, or additional coverage. The third option means they're ready to look for roles outside of their current team or larger group.
This makes it so easy for anyone to tell their manager exactly what they want to happen to their career. There is also some room for them to enumerate the actions that they will take to support their chosen career focus.
When it's time for the manager and the team member to have their regular meeting, the manager can simply access what the team member has written down, react to it, and prepare for their one-on-one.
Here is a list of benefits that we have seen: faster collaboration, ease of entering one's goals and documenting progress, higher compliance to documenting one's goals, and greater employee satsifaction specifically in the area of performance management. Review collected by and hosted on G2.com.