HR Acuity, a platform built for employee relations and investigations management, today announced that it raised $47 million in a minority investment from K1 Investment Management. CEO and founder Deb Muller says that the capital — which is the first that the Florham Park, New Jersey-based company has publicly disclosed — will be put toward hiring and ongoing platform expansion initiatives.
Workplace conflict is pervasive. According to a study by CCP Global, the publisher of the Myers-Briggs personality assessment, 85% of employees say that they experience some amount of “inevitable conflict” at work. The consequences of clashes in the workplace span lowered productivity and performance, lost time, and greatly increased stress. In addition, CPP’s research found that employees averaged over two hours every week dealing with conflict, translating to about $359 billion — or 385 million days of work — devoted to conflict resolution.