HR Acuity, an employee relations and investigation management platform, announced today that it has raised $ 47 million for a minority investment by K1 Investment Management. CEO and founder Deb Muller says the capital – which is the first to be publicly disclosed by the Florham Park, New Jersey-based company – will be used for recruitment and ongoing platform expansion initiatives.
Conflicts in the workplace are ubiquitous. According to a study by CCP Global, the publisher of the Myers-Briggs personality test, 85% of employees say they experience some “inevitable conflict” at work. The consequences of workplace collisions include decreased productivity and performance, lost time, and greatly increased stress. In addition, CPP̵
7;s research found that employees were involved in conflict an average of more than two hours a week, equivalent to about $ 359 billion or 385 million working days in conflict resolution.
