Trakstar vs PerformYard

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Our analysts compared Trakstar vs PerformYard 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.

Trakstar Software Tool

Product Basics

Trakstar is a comprehensive software solution designed to streamline performance management processes for organizations. It is particularly well-suited for businesses seeking to enhance employee performance through regular feedback, goal setting, and performance appraisals. One of the key benefits of Trakstar is its ability to facilitate continuous performance monitoring, allowing managers to identify and address issues promptly. The software is renowned for its user-friendly interface and features such as 360-degree feedback, self-assessments, and customizable appraisal forms, which collectively contribute to a more engaged and motivated workforce. When compared to similar products, users often highlight Trakstar's robust analytics and reporting tools that provide valuable insights into team performance, aiding strategic decision-making. Pricing for Trakstar typically varies based on the size of the organization and the specific features required, with payment options usually structured on a per-user, per-month basis, making it a scalable choice for businesses of different sizes.
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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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$4,370 Annually, Quote-Based
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$5/User, Monthly
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Product Insights

  • Boost Efficiency: Consolidate all performance evaluation functionalities in a single place to boost efficiency. The system allows HR managers to complete performance review tasks in one place, saving them time to focus on other HR tasks that cannot be automated. 
  • Automate Process: Complete a variety of tasks with little effort from managers with the fully automated system. It streamlines the whole review process, reminding managers when to conduct a review. It automatically tracks goal progress. 
  • Reduce Bias: Help managers provide a holistic analysis of employee performance with accurate and unbiased data. 
  • Manage Employee Performance: Manage performance expectations, set and prioritize organizational goals and encourage real-time, unbiased feedback between the employees and managers. This helps users to measure employee performance with respect to the corporate objectives. 
  • Track Performance Reviews: Keep track of employee performance reviews, customize rating scales, competencies, questions to highlight the strengths of high-performing employees and equip them with the tools to perform better. 
  • Increase Employee Engagement:  Provide frequent feedback, conduct regular check-in meetings and recognize employee contributions towards the organization. Recognizing employees’ efforts help boost employee satisfaction, increases workforce productivity and aids in employee engagement and retention. 
  • Real-Time Dashboards:  Create real-time dashboards, drill-down into the specifics to unearth hidden trends and insights and segment results by groups or time period. It helps users to get a detailed view of the data and make smart, data-driven organizational decisions. 
  • Discover Future Leaders:  Discover future leaders with the ability to assess the entire workforce based on qualitative criteria such as the ability to lead, aspirations and long-term goals and engagement with the organization. With the essential training and mentorship, it’s easier for higher management to conduct succession planning with the existing staff. 
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  • 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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  • Goal Management: Automate goal setting and online goal tracking to help managers set objectives that align with broader company targets. Both managers and employees can track progress towards achieving goals and can choose to receive email reminders of goal deadlines. 
  • Performance Evaluation: Managers can assess employee performance with evaluation tools. These tools include self-evaluation, performance review, 360-degree feedback and performance ranking report. It ensures the performance scoring is unbiased and objective with the rater bias report. 
  • Succession Management: Compare current employee performance to the potential performance to assist with future workforce planning and career development. It collects feedback and generates reports to provide managers with insights into workforce planning. 
  • Applicant Tracking System (ATS):  Recruiters can post jobs on social networking sites, job boards, career portals and the company’s website. The system can automate onboarding and exit management by providing e-signature capabilities. 
  • Reporting and Analytics: Real-time reporting and analytics provide managers with insights into employee performance to identify top performers. Users can run reports to assess performance history, performance ranking and other performance-based reports. 
  • Integration: The system integrates with a variety of other third-party solutions such as MS Office and G Suite. 
  • Configurable Workflows:  Users can define the business rules related to compensation models, compensation workflows, leave plans and benefits-related plans. Administrators can also set permission-based access levels for all types of users, including employees.  
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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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Product Ranking

#20

among all
Performance Management Systems

#4

among all
Performance Management Systems

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Analyst Rating Summary

67
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33
83
100
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360 Degree Performance Review
Employee Surveys
360 Degree Performance Review
Goal Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Trakstar
PerformYard
+ 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 33 100 0 57 80 36 100 68 63 80 84 75 83 100 0 76 60 55 52 86 75 84 76 25 0 25 50 75 100
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86%
57%
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100%
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86%
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77%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

62%
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38%
54%
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User Sentiment Summary

Great User Sentiment 715 reviews
Excellent User Sentiment 545 reviews
89%
of users recommend this product

Trakstar has a 'great' User Satisfaction Rating of 89% when considering 715 user reviews from 5 recognized software review sites.

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.

5.0 (11)
n/a
4.3 (130)
4.7 (369)
4.5 (280)
4.8 (87)
4.4 (285)
4.8 (87)
4.0 (9)
3.4 (2)

Awards

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

User Favorite Award

Synopsis of User Ratings and Reviews

Performance Management: The solution has excellent performance management capabilities, according to 100% of users. It enables users to apply company-wide performance metrics and accumulate a history of appraisals over time to precisely measure and track employee performance.
Customer Support: According to 79% of users who reviewed this pro, the customer support representatives are knowledgeable, dedicated and responsive to user queries. The representatives show genuine interest in understanding customer problems.
Usability: About 89% of users who mentioned this pro said the solution is easy to use. It’s straightforward and offers immense flexibility. The layout is clean and easy to maneuver around.
Training: Regarding this feature, approximately 100% of users said that it provides excellent training options such as webinars, videos and guides for novice users.
Customization: According to 85% of users who reviewed this, it provides advanced customization capabilities. It enables users to customize the performance appraisal cycle, workflows and review forms.
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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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Calibration: The calibration feature is often seen as cumbersome and time-consuming, particularly for larger organizations with complex hierarchies. Users have expressed frustration with the manual effort required to ensure accurate calibration across different teams and departments.
Goal Management: Setting and tracking goals in Trakstar can feel rigid and inflexible to some users. The system's structure may not easily accommodate the dynamic nature of goals in certain industries or roles, leading to challenges in aligning individual and organizational objectives.
User Interface: The user interface of Trakstar has been described as outdated and clunky by some users. Navigating through the platform and finding specific information can be a slow and inefficient process, impacting user adoption and overall satisfaction.
Integrations: While Trakstar offers some integrations with other HR and business systems, the options may be limited for certain users. The lack of seamless integration with essential tools can create data silos and hinder workflow efficiency.
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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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The solution is straightforward to use and offers advanced customization options to cater to dynamic user requirements. It allows users to customize the performance appraisal cycle, workflows and review forms. It enables users to send persistent notifications and reminders to the employees to remind them to take specific actions. The appraisal reports make it easier for the users to follow-up with the employees to ensure they complete appraisals on time. Users can leverage reports to track performance history and performance ratings. It has a responsive customer support team that responds within 24 hours. On the other hand, some users feel the solution lacks advanced reporting capabilities to generate custom reports.

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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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