MicroBenefits

📍 Shanghai, China🗓 Founded 2010👥 49 employees💰 Last funded Feb 2016
In 2014, a group of impact entrepreneurs and investors had the idea to use technology to take the concept of employee engagement to frontline workers in factories across the globe. MicroBenefits with its flagship mobile application—CompanyIQ (CIQ)—has enabled companies to foster strong employee engagement that has consistently led to superior productivity, profitability, customer satisfaction and lower turnover. The concept of employee engagement and discussions regarding it go back to the early 1990s in the U.S. when companies began to realize that employees were no longer motivated simply by getting a paycheck. Suddenly an employee wanted to feel pride in their company, that the organization as a whole was committed to working towards common goals with a shared set of values and, perhaps more importantly, they wanted to be provided with training to develop new skills and expertise for ongoing career growth. However, it wasn't until MicroBenefits developed CIQ that the concept of employee engagement was practical within the confines of Asian factories. The mobile application has three main areas of focus—human resource management, worker voice and digital learning—to provide an overall suite of tools available to factories workers right on their phones. Since rolling out the product, over one million employees of major brand suppliers, including NIKE and Jabil, have downloaded the application. CIQ is now available in 10 languages, offers over 400 courses and has provided more than 350,000 logged hours of training.
1
Total investors
0
Early stage
0
Mid stage
1
Late stage
2010
Founded
Investor geography1 country
United States
1
Frequently asked questions
Who invested in MicroBenefits?
MicroBenefits has 1 investors on record on gritt.io and 1 late-stage investors.
When did MicroBenefits last raise funding?
The most recent investment in MicroBenefits recorded on gritt.io was in February 2016.
When was MicroBenefits founded?
MicroBenefits was founded in 2010.
What industry is MicroBenefits in?
MicroBenefits operates in Software Development. Find similar Software Development investors on gritt.io.
Where is MicroBenefits based?
MicroBenefits is headquartered in Shanghai, China.