Workleap Acquires Barley to Enhance Performance Management
In a significant move for talent management,
Workleap, a pioneering software company from Canada, has successfully acquired
Barley, a leading compensation management platform. This strategic acquisition is set to revolutionize the way organizations approach performance evaluation and compensation, merging these two critical functions into one cohesive platform. The integration aims to simplify existing HR workflows that have often relied on disjointed systems, bringing transparency and a modern approach to compensation strategies.
Performance and compensation have long been vital components in determining employee satisfaction and retention. According to HR experts, compensation consistently ranks among the top three contributors to job satisfaction and employee engagement. However, many organizations continue to tackle these tasks through outdated methods, such as manual processes and spreadsheets, which hinder their ability to respond effectively to these crucial aspects of workforce management.
With Barley’s advanced features, Workleap is set to change the game. The integrated system will enable HR teams to unify performance reviews with compensation planning, providing tools that facilitate real-time decision-making without sacrificing fairness or transparency. CEO Simon De Baene emphasizes this connection: “Performance and compensation are never too far away from each other. Companies want to pay for performance but often lack the necessary tools. Workleap provides the signal, and Barley offers the confidence needed to act on it.” The platform's unified nature aims to eliminate the silos that have plagued many organizations.
Utilizing AI, the new system will offer capabilities such as goal tracking, 360° feedback, and compensation analytics, all designed to enhance employee engagement. These features aim to replace cumbersome spreadsheets with intuitive workflows that empower managers to make informed decisions about compensation while aligning with organizational budgets and policies. The expected outcomes include decreased manual workload for HR teams, improved employee retention, and refined management of a key operational expense—compensation.
Barley will enhance existing Workleap products, such as
Officevibe and
Workleap Performance, adding a crucial layer that will help organizations optimize their strategies for talent retention and performance management. Jafar Owainati, Barley’s CEO, notes that the company's mission to create a transparent compensation environment aligns well with Workleap’s goals, stating, “Compensation is one piece of the broader HR puzzle, and we are now even better positioned to deliver on our mission of building trust between employers and employees.”
This acquisition marks Workleap's third significant move in expanding its capabilities, highlighting a proactive approach towards growth following substantial investments, including a recent $125M CAD boost from CDPQ. Previously acquired companies also include
Didacte and
Pingboard, demonstrating Workleap’s commitment to enhancing its offerings and solidifying its market position.
In summary, the integration of Barley into the Workleap ecosystem represents a transformative step for how businesses manage performance and compensation, moving towards a more unified approach. This change is expected to empower HR teams and improve the overall employee experience, making it a promising development for organizations looking to enhance their talent management strategies.
For more information on how Workleap is driving innovation in employee experience, visit
workleap.com.
About Workleap
Workleap has been at the forefront of revolutionizing work environments since 2006. With over 20,000 companies globally leveraging its innovative HR solutions, Workleap continues to change the landscape of workplace productivity and talent management.
About Barley
Barley specializes in providing companies with intuitive tools for managing compensation decisions, enabling businesses to streamline their pay practices and foster trust within their workplaces.