Overview
PerformYard is a performance management software solution that aims to revolutionize how organizations set and achieve their objectives.
From intuitive goal tracking and insightful analytics to collaborative feedback mechanisms, PerformYard provides a centralized platform for driving performance excellence.
Whether you lead a dynamic startup, a mid-sized enterprise, or a well-established corporation, the platform aims to be a strategic partner in optimizing performance.
Although PerformYard does not have OKR management features, this comprehensive guide will explore the platform’s distinctive attributes and capabilities.
Through practical experience and user feedback, you will gain insights into this platform’s advantages and disadvantages.
PerformYard Rating
PerformYard Review
Pros
- Automated Workflows and Scheduling: It streamlines the performance review process, from sending reminders to collecting feedback.
- Comprehensive Learning Resources: It prioritizes user education by offering a wealth of resources on navigating the site and effectively using its features.
- Holistic Performance Evaluation with 360 Reviews: You can gather feedback from managers, peers, subordinates, and even clients (when applicable).
- Intuitive Dashboard for Actionable Insights: It offers a central location that displays all your upcoming tasks, reviews, goals, and feedback at a glance.
Cons
- Goal Completion Percentage Display: Its current method of displaying the goal completion percentage might be misleading. Once a goal is achieved, it’s removed from the calculation, potentially causing the overall percentage to drop.
- Goal Visibility: PerformYard could improve its interface to keep goals more front and center. This reduces visibility and could hinder focus on achieving objectives.
- Limited Reporting Customization: Limited customization options could make extracting the most valuable insights from the platform difficult.
- Generic Goal-Related Questions: Its pre-defined goal-related questions are broad, potentially limiting the effectiveness of feedback.
- Reminder Frequency Management: Its email reminder system does not offer enough flexibility for managing reminder frequency.
PerformYard Pricing
Explore all the pricing plans of PerformYard.
Performance Management: PerformYard provides a Performance Management plan to manage your performance review cycles, check-ins, goals, and feedback priced at $5-10
per person/month.
Let’s look at the features of PerformYard’s Performance Management plan.
Price comparison
PerformYard does not have OKR management on their platform except simple Goals Management, so comparing it with a specialized OKR platform would be unfair.
PerformYard Features
1. Goal-setting and Alignment
PerformYard facilitates a structured approach to goal setting by allowing you to cascade objectives from company-wide down to individual levels.
It goes beyond basic goal setting by allowing you to assign weights and specify alignment for each goal. This level of goal detail ensures everyone is working towards the most impactful outcomes.
2. OKR and Progress Tracking
The platform utilizes visual tools like progress charts and graphs to display goal achievement. It also includes scheduled quarterly check-ins to ensure progress is monitored, and adjustments can be made as needed. The activity stream provides a real-time view of updates, feedback, and progress on goals.
3. Collaboration and Execution
The platform encourages collaboration by allowing users to provide feedback and comments directly on goals. It also allows users to add private notes to goals. It offers a well-rounded approach to performance evaluation by incorporating 360-degree reviews.
4. Analytics and Reporting
The platform provides a centralized employee data dashboard, offering performance, progress, and engagement insights. Cross-cycle reports allow you to generate reports that analyze data across different OKR cycles.
5. User experience
The platform automates routine tasks like sending reminders and notifications, saving users valuable time and ensuring everyone stays on track with deadlines. PerformYard integrates with popular communication platforms like Slack and MS Teams.
Conclusion
PerformYard is built to be a full-fledged and robust performance management software, and it allows goal management for employee development and team alignment but not OKR management.
As PerformYard does not include OKR management, it falls behind many dedicated OKR management software that also offer Continuous Performance Management and Employee Engagement.
We hope this detailed review of PerformYard helps you finalize a suitable OKR software solution for your people.
Frequently Asked Questions
Can PerformYard integrate with popular tools such as Slack and Microsoft Teams?
PerformYard integrates with SSO, BambooHR, Rippling, Slack, MS Teams, and API integrations.
Is PerformYard OKR software appropriate for both small and large businesses?
PerformYard’s OKR software serves all business sizes.
What onboarding, support, and continued coaching does PerformYard provide?
PerformYard has a comprehensive Support Center to help users with troubleshooting and using the platform.
Does PerformYard include templates and examples for setting effective OKRs?
No, PerformYard does not have OKR templates and examples.
Can we try a free trial to test if PerformYard is user-friendly for our teams?
No, PerformYard does not mention any Free Trial on their website.
What are the alternatives to PerformYard?
- JOP (Joy of Performing)
- 15Five
- Profit.co
- Peoplebox
- Engagedly