PerformYard vs Profit.co

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Our analysts compared PerformYard vs Profit.co based on data from our 400+ point analysis of Performance Management Systems, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

PerformYard is a cloud-based corporate performance management software designed to manage feedback, goals and reviews with flexible features. In addition, it can help with some general HR responsibilities. It incorporates feedback from across the organization and collects inputs on employee performance from clients and other stakeholders outside the organization to facilitate 360-degree feedback. It allows users to deep dive into the review results, comparing employee performance with the aid of various visuals. Reporting enables calibration analysis to identify and reward the top performers.

Goals and objectives are dynamic and are prone to change depending upon the business requirements. It helps users gain valuable insights into goal progress and break them down into manageable parts, facilitating effective goal management.
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Profit.co is a web-based performance management platform, also available for on-premise deployment. It focuses on talent advancement with OKRs, progress evaluations and employee check-ins with customizable workflows for project execution and task management. It provides pulse surveys, meetings, awards and recognition to improve employee engagement and workplace experience.
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$5/User, Monthly
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$7/User, Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Ease of Use: Access simple navigation with its handful of basic yet flexible features. It can be used for a range of requirements, from stand-alone annual reviews to a complex performance management strategy. The straightforward, flexible system can work for different roles at an organization. 
  • Create Your Process: Allow users to execute their unique performance management vision. The system works for users’ requirements — for example, reviews, goals and feedback all come with various templates to choose from. This positions users to create their personal best performance management process. 
  • Data-Driven Decisions: Make well informed, data-driven decisions with reporting. Users can quickly pinpoint the information they need and feel confident about their choices and decisions, as there’s data to back them up. 
  • Cascade Goals:  Document and communicate business strategy across all levels of an organization hierarchy. Clarify who owns what, define expectations, timelines and contributions to ensure every employee has a clear line of sight of business objectives. Break the tasks into manageable and executable parts and assign responsibilities to the employees. 
  • Track Individual Progress: Allow every team member to track individual progress aligned with the organization’s strategy and objectives. Manage goals annually and develop a documented conversation between the individual and the team manager. 
  • Gather Performance Insights: Gather insights on how well the team is performing, identify bottlenecks and take appropriate action to optimize performance. It helps senior management to address issues promptly. 
  • Recognize Outstanding Performers: Recognize outstanding performers and highlight employee contributions towards the organization’s goals. Appreciate the employees for their good performance and make them feel valued. It helps in boosting employees’ morale and increases the retention rate. 
  • Offer Feedback: Offer unbiased, constructive feedback to the employees periodically. It helps employees to rectify their mistakes and deliver expected results. 
  • Identify Bottlenecks:  Spot bottlenecks in the organization’s processes with the custom control center, a performance review dashboard and visual reports. For example, the dashboard can show who has and hasn’t completed their performance reviews in real-time. This proactive approach aims to stop problems before or just as they begin. 
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  • Enhanced Performance Tracking: Profit.co enables businesses to monitor employee performance in real-time, allowing for immediate recognition of achievements and swift identification of areas needing improvement.
  • Goal Alignment: It ensures that individual objectives are aligned with the company's strategic goals, fostering a unified direction and maximizing organizational synergy.
  • Streamlined Feedback Process: The software simplifies the feedback loop, making it easier for managers to provide constructive feedback and for employees to act on it, thereby fostering a culture of continuous improvement.
  • Increased Employee Engagement: By involving employees in the goal-setting process and providing clear metrics for success, Profit.co boosts motivation and engagement, leading to higher productivity levels.
  • Objective Performance Assessments: The platform's data-driven approach to performance management minimizes biases, ensuring fair and objective evaluations of employee performance.
  • Customizable Performance Reviews: Profit.co offers flexible review templates that can be tailored to meet the specific needs of different teams or departments, ensuring relevance and effectiveness.
  • Efficient Task Management: With its task management features, the software helps teams prioritize tasks, track progress, and meet deadlines, enhancing overall productivity.
  • Strategic Decision Making: The insights generated by Profit.co empower leaders to make informed strategic decisions, optimizing resource allocation and driving business growth.
  • Improved Communication: By centralizing performance data and goals, the platform facilitates better communication among team members, ensuring everyone is on the same page.
  • Robust Analytics and Reporting: Profit.co provides comprehensive analytics and reporting tools, offering deep insights into performance trends and helping identify opportunities for improvement.
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  • Performance Reviews: Allows users to customize performance reviews with a variety of question types to choose from. Set a cadence for review cycles and enable email reminders. A live progress dashboard provides an overview so that users can track review progress and check on participation levels. Performance reviews may incorporate 360s, input from people across the organization, as well as external input.  
  • Goal Management: Break down goals based on their owner, expectation, timeline and contributions with the visual goal cascade feature. These classifications help with assigning responsibilities and breaking the goal into separate, actionable steps. Individual goals have a repository for updates, feedback and collaboration. Users can link goals to reviews. 
  • Continuous Feedback: Provide recognition for employees on the activity stream, provide 1:1 feedback that can be shared with employees’ managers and follow-up with them throughout their time at the organization. Users can inform managers about employee performance with a full track record of their team that can be filtered by date, contributor and type. Users can write private performance notes. 
  • Reporting: Automatically generate reports and visualizations for goals and review data. Reporting also includes review cycle dashboards, a stacked bar chart, performance values nine-box grid, segmented reports, performance trends and custom form reports. 
  • General HR: Access a couple of general HR features such as onboarding workflows, document storage, company directory, enterprise security, activity logs and employee data. 
  • Automation: Leverage automation for email reminders, single sign-on implementation, E-Signature capabilities and more. All employee data is automatically collected, encrypted and stored within the system. Managers can distribute reviews with one click as well as export them to PDF. 
  • Integrations: ntegrates with ADP, BambooHR, Slack, G Suite, Office 365, Okta and OneLogin. These integrations provide synchronicity of business processes, mitigating the need to log into several applications every morning. 
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  • Meeting Support: Conduct one-on-one and team meetings to check progress and address issues with editable agendas. Avoid scheduling conflicts by comparing availability, assigning users and automating recurring meetings. 
  • Recognition Scoreboards: Drive healthy competition with leaderboards to display rewards, badges and points. Reward top performers and improve engagement by posting comments and congratulating peers for work accomplishments. 
  • Performance Reviews: Generate 360-degree assessments with self-evaluation tests, manager evaluations and peer reviews. Assign secondary reviewers, performance scores and manager ratings to eliminate subjectivity. 
  • Goals Management: Add OKRs to projects with preset visibility, target dates and performance indicators to measure productivity. Review departmental heat maps and progress percentages to track ongoing progress and goals alignment. 
  • Activity Tracking: Manage boards containing lists to streamline tasks. Let team members move assigned cards through different queues to change activity status. 
  • Multi-Device Compatibility: View dashboards, monitor updates and receive alerts on mobile devices. Display performance data on desktops, TV screens and tablets during meetings. 
  • Integrations: Bundle with productivity apps, office tools and communication platforms. Integrate existing HRIS with single sign-in authentication and run multiple platforms with full context. 
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Product Ranking

#4

among all
Performance Management Systems

#125

among all
Performance Management Systems

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Analyst Rating Summary

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79
83
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100
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20
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360 Degree Performance Review
Goal Management
Platform Capabilities
Goal Management
Review and Feedback Management
Integrations and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

PerformYard
Profit.co
+ Add Product + Add Product
1-on-1s 360 Degree Performance Review AI-based Capabilities Dashboard And Reporting Employee Check-ins Management Employee Recognition Employee Surveys Goal Management Mobile Capabilities Platform Capabilities Review And Feedback Management Talent Management 83 100 0 76 60 55 52 86 75 84 76 25 83 69 20 57 80 36 83 95 75 100 92 63 0 25 50 75 100
83%
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83%
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17%
100%
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67%
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80%
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80%
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14%
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86%
17%
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83%
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86%
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95%
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23%
100%
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77%
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92%
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8%
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75%
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37%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

54%
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46%
85%
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User Sentiment Summary

Excellent User Sentiment 545 reviews
Excellent User Sentiment 271 reviews
95%
of users recommend this product

PerformYard has a 'excellent' User Satisfaction Rating of 95% when considering 545 user reviews from 4 recognized software review sites.

98%
of users recommend this product

Profit.co has a 'excellent' User Satisfaction Rating of 98% when considering 271 user reviews from 2 recognized software review sites.

4.7 (369)
n/a
4.8 (87)
4.85 (130)
4.8 (87)
4.9 (141)
3.4 (2)
n/a

Awards

PerformYard stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

SelectHub research analysts have evaluated Profit.co and concluded it earns best-in-class honors for Platform Capabilities. Profit.co stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Platform Capabilities Award

Synopsis of User Ratings and Reviews

Usability: The solution is easy to use, according to 100% of users. It’s easy to navigate with icons and a concise dashboard.
Customer Support: According to 100% of users who reviewed this pro, the customer support team is responsive and knowledgeable. The team provides excellent training and guidance to the users.
Performance Management: About 100% of users who mentioned this pro said it has excellent performance management capabilities. The ability to provide timely reviews and feedback about employee performance is outstanding.
Goal Management: Regarding this feature, approximately 84% of users said that creating, tracking and managing goals is straightforward. Users can produce measurable and consistent goals for the employees that can be customized and updated at any time according to the business needs.
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Balanced Approach: Profit.co offers a balanced approach to performance management, combining traditional performance reviews with continuous feedback and development. This allows for a more holistic view of employee performance and helps to identify areas where employees need support.
Goal Management: The platform provides robust goal management features, allowing users to set, track, and manage goals at individual, team, and organizational levels. This helps to ensure that everyone is working towards the same objectives and that progress is being made.
Customizable: Profit.co is highly customizable, allowing organizations to tailor the platform to their specific needs. This includes the ability to create custom performance review templates, set up different goal types, and configure workflows to match existing processes.
User-Friendly Interface: The platform has a user-friendly interface that is easy to navigate and use. This makes it easy for employees and managers to adopt the platform and get the most out of its features.
Integrations: Profit.co integrates with a variety of other business applications, such as HRIS, payroll, and learning management systems. This helps to streamline processes and improve data accuracy.
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Calibration: Users have expressed frustration with the calibration tools, finding them to be cumbersome and lacking the desired level of intuitiveness for effectively managing performance reviews.
Integrations: The platform's integration capabilities with other HR and business systems have been a point of contention for some users, as they may require additional configuration or customization to achieve seamless data flow.
Reporting: Users have noted limitations in the reporting functionality, particularly in generating customized reports or accessing granular data for in-depth performance analysis.
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Steep Learning Curve: The platform's extensive features and functionalities can overwhelm new users, leading to a prolonged onboarding process and potential frustration.
Customization Challenges: Profit.co's emphasis on OKRs might not align well with organizations seeking a more flexible performance management system.
Integrations: Profit.co's integrations with other HR and business tools may be limited compared to other performance management platforms, potentially hindering seamless data flow and workflow automation.
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Stepping into the realm of performance management software, PerformYard emerges as a compelling contender, capturing the attention of users with its user-friendly interface and adaptable framework. Reviews highlight its intuitive design, making it accessible even for those with limited technical expertise. This ease of use is a significant advantage, as it allows teams to quickly adopt and utilize the software without a steep learning curve. PerformYard's flexibility further distinguishes it from competitors. The software's ability to conform to the unique requirements of diverse organizations empowers users to tailor it to their specific workflows and performance evaluation processes. This adaptability ensures that PerformYard seamlessly integrates into existing systems, rather than forcing organizations to conform to rigid software structures. Additionally, PerformYard offers a comprehensive suite of features encompassing goal setting, performance reviews, and compensation management, providing a holistic solution for performance management needs. Users particularly appreciate the goal-setting functionality, which facilitates clear communication and alignment between employees and managers. While PerformYard receives widespread acclaim, some users note that certain reporting functions could be more intuitive. However, these minor drawbacks are overshadowed by the software's overall strengths. PerformYard is an ideal choice for organizations seeking a user-friendly, adaptable, and feature-rich performance management solution. Its intuitive design, flexibility, and comprehensive features make it suitable for businesses of all sizes and across various industries.

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Profit.co appears to be a popular choice among businesses seeking a comprehensive platform to manage OKRs, employee engagement, and performance reviews. Users frequently highlight its user-friendly interface and intuitive design, making it easy for both administrators and employees to navigate and utilize its features effectively. The platform's flexibility is also a significant advantage, as it allows for customization to align with specific organizational structures and workflows. Profit.co's ability to integrate with various third-party applications, such as HRIS and project management tools, further enhances its value proposition by streamlining data flow and reducing manual effort. While Profit.co receives positive feedback for its core functionalities, some users note that certain advanced features, such as reporting and analytics, could benefit from further development to provide more in-depth insights and data visualization options. Additionally, while the platform offers a mobile app, its functionality is somewhat limited compared to the web-based version, which may pose challenges for users who require on-the-go access. Profit.co's emphasis on OKR management, coupled with its performance review and employee engagement modules, positions it as a suitable solution for organizations that prioritize goal alignment, continuous feedback, and performance improvement. Its scalability and customizability make it adaptable to businesses of varying sizes and industries, particularly those seeking a holistic approach to performance management that fosters transparency and accountability.

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