Performance and appraisal software is typically used as a blanket term for tech solutions that are designed to optimize and streamline an organization’s workforce performance assessment process. A lot of comprehensive HR management systems often come with employee evaluation functions that allow HR teams to conduct weekly, monthly, and even annual reviews on employee performance, productivity, and engagement.
With HR systems that come with employee evaluation modules, the pricing for the module is generally tacked on to the subscription cost, although some vendors will give customers the option to add or drop the module for a price. For standalone performance appraisal solutions, the pricing is usually based on the number of users or seats per month. It can go from as low as $4 per user/month to as high as $12 to $14 per user/month, depending on the vendor.
The billing cycle may also differ between monthly and annual billing. In some cases, there might be a minimum monthly cost that has to be reached in order for the business customer to be permitted to sign up for a subscription. This minimum monthly cost can vary from $1,000 to $4,000 a month. Many vendors also offer first-time users a free demo, which can help users decide which solution best suits their needs before they commit to buying it.
Performance & appraisal software comes in many different shapes and sizes. Some products cater only to solo entrepreneurs and startups, some serve the small- and mid-market businesses, others focus more on the larger enterprises and multinational corporations, while there are those that offer something to all businesses of any size, across multiple industries.
A good example of this is SAP SuccessFactors and its human experience management (HXM) suite. They offer a lot of products that covers every market, from individual users and startups to SMBs and large enterprises. They achieve this by providing modular pricing, where there is no fixed subscription plan and customers can create their custom plan by simply picking and choosing the products they want. The subscription cost will then depend on the number of modules they’ve incorporated into their custom package.
SAP SuccessFactors has products that are priced as low as $2 per user/month, but that will add up the more modules the customer adds to their subscription plan.
The pricing strategy for performance & appraisal software for small businesses is usually the lowest tier in multi-tier subscription-based packages. Pricing for this level typically ranges from $2 per user/month to $6 per user/month, depending on the vendor. In a tier list of three to four pricing plans, which include a free plan, small business performance & appraisal software would fall in the category of Basic or Starter package. It will typically come with tools for creating surveys, feedback management tools, core engagement solutions, limited reporting and analytics and basic customer support.
Obviously, this pricing category is ideal for small businesses and in certain situations, midsize companies with a relatively small sized workforce. This is good for getting employees engaged and acquiring their feedback so decision-makers can create a company culture that promotes better work experiences, productivity and personal and organizational growth.
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This software category is generally in the intermediate or professional tier of a multi-tier subscription pricing, depending on the vendor. This is usually the next tier up from the Basic or Starter package. The price range for mid-market performance & appraisal software solutions will vary from $8 to $12 per user/month, depending on the vendor, the minimum number of users and the number of features included in the package.
Mid-market performance and appraisal software packages will often include a number of features such as those found in the Basic or Standard plans, along with more advanced performance review tools, goals and OKR tools, feedback and praise functions, engagement survey builder tools, questionnaire templates, onboarding tools, reporting and analytics and advanced customer support. This is ideal for medium to large businesses with more than 200 employees.
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Enterprise-grade performance & appraisal software solutions often have top-tier pricing, which means they can be rather expensive, depending on the vendor or the number of features and capabilities the product is packing. This is the highest tier in a multi-tier subscription-based pricing model. Some vendors will offer a starting price of around $14 to $16 per user/month with a minimum monthly cost for eligibility.
However, most vendors will often hide the actual cost of an enterprise-grade subscription behind a quote-based or custom pricing strategy. Interested parties will typically need to contact the vendor’s sales team to ask for a quote or custom pricing. This is mainly done to make sure the business customer is paying for features and services that they’re actually going to use and not waste their money on functions or tools that they don’t need.
Enterprise performance and appraisal software pricing is ideal for large businesses and organizations that want to get the most out of the product in terms of value and usability. Those companies that want to maximize their return on investment (ROI). This subscription tier often comes with all the features that the vendor has to offer, including advanced reporting and analytics as well as dedicated expertise and support that is tailored for complex business requirements.
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Performance & appraisal software works to automate the difficult and time-consuming process of evaluating employees on a regular and consistent basis. This category of software solution gives executives the power to collaborate with the workforce, learn how they feel about their job and the company, figure out their level of job satisfaction and morale, as well as to help them develop their skills and growth alongside the organization they work for.
It is with the features and tools that come with performance & appraisal software that enable general managers, chief operating officers (COOs) and supervisors to keep track of their employees’ performance, productivity, engagement and goals throughout a weekly, monthly or yearly cycle and share the results with stakeholders, decision-makers and other authorized users. The functions and modules that make this happen are often included in the subscription plans that vendors offer for their software products, or they may be available as an add-on feature for extra cost.
One of these modules, for example, is the employee engagement survey builder. This module will normally be included in the low-tier plans or the $4 to $6 per user/month price range. This is useful for small businesses and startups with no more than 200 employees, as they can simply use the survey to get the pulse on their workforce, their experiences and goals. This module is also great for creating quick surveys and obtaining reliable feedback from employees.
Another great subtype or module is the employee performance review function. This feature is designed to help executives evaluate the performance of individual personnel. This is typically included in the basic subscription package, but with limited functionality. Most vendors will include employee performance reviews in the mid-tier or professional plan with a pricing range of $6 and maybe $8 per user/month.
The performance review module in this particular pricing tier will generally have more features and capabilities, considering that the mid-market businesses and organizations that will be using it will most likely be dealing with a larger number of employees. This means they require an employee performance evaluation module that has more power and utilizes automation to facilitate the entire process.
Employee goal setting and OKR tools are another subtype that is often featured in most performance & appraisal software solutions. These modules are a critical factor in software products that offer a comprehensive suite, an all-inclusive platform that caters to medium-sized and large companies that want to emphasize better communication and collaboration among their entire workforce.
The goal setting feature with objectives and key results (OKRs) will often be available in subscription plans ranging from $6 to $10 per user/month and is perfect for businesses and organizations that want to build a healthy and collaborative workplace culture. It is also good function to have for companies that want to align their employees’ goals and objectives with organizational goals, in the easiest, most effective and organic way.
The reporting and analytics module is also a common function in cloud-based performance & appraisal software solutions. In fact, the ability to deliver relevant data insights is a fixture in a plethora of software platforms and business process solutions. This feature may be available in the low- to mid-tier plans. Some software vendors will provide access to the reporting and analytics module in their professional or intermediate package, which has a price tag of somewhere between $4 and $8 per user/month.
There are, however, those that offer the reporting and analytics module in all of their subscription packages. One example is 15five, which includes data insights, filterable heatmap and analytics in its $4 to $14 per user/month tier plans. The product even offers available insights briefing and strategic planning in its lowest $4 tier package. This feature is quite crucial for businesses and organizations that want to make the most of their data, especially those pertaining to employee experience, productivity and performance.
Manager enablement and people development is a subtype of performance & appraisal software that may also affect subscription pricing. This module carries with it a ton of additional features, all designed to enhance the capabilities of managers and supervisors, as well as improve the productivity and growth of employees. This module typically belongs in the mid-tier with a pricing range of $6 to $10 per user/month and comes with features like 1-on-1 meeting agendas, career vision, role clarity, strengths discovery, check ins and third-party integrations.
The ability to recognize and reward quality employee performance is a feature that is crucial in modules that are centered on manager enablement and employee development. It is something that businesses and organizations, regardless of their size or industry, should look for in the performance & appraisal software and the pricing plan they’re thinking of subscribing to.
There are few extra costs that you have to take into account when you’re trying to shop for the right performance & appraisal software for your business. If you’re going for a cloud-based product, the implementation, maintenance and customer support costs are often covered by the subscription pricing, regardless of the tier level of your chosen plan. The level of customer support may vary, however, depending on your subscription package.
When it comes to customer support, some vendors will only offer basic or email-based support for their lowest-tier pricing plan. The mid-tier will get email and live-chat or maybe phone support, while the highest pricing tier will get priority or dedicated customer support. Other software vendors and service providers, on the other hand, will offer full customer support on all channels (email, chat, phone) for all of their pricing plans. This is something that you need to carefully consider when choosing a subscription plan, or a vendor for that matter.
If you’re in the market for an on-premise solution, then you might have to think about the implementation and maintenance costs. Some on-premise software vendors will include the training and customer support costs into the one-time licensing fee, which may vary from $1500 to $4500 per license, depending on the vendor. However, in certain cases, the implementation and maintenance costs will be shouldered by the business, rather than the provider. This means that on top of the licensing fee, you will need to take into account the implementation and maintenance of the software.
The other extra costs that you might have to consider are integration support for third-party system, extra security and protection like single sign-on (SSO) and encryption, full GRC (governance, risk management & compliance) support, employee growth and development planning, etc. While many software vendors may include third-party integrations into the subscription pricing, there are those that do not. You may have to pay extra for access to API integration, which will enable you to integrate the solution with other systems, such as HRIS platforms, Slack and/or Microsoft Teams.
When it comes to security and protection, most employee performance & appraisal software products have some level of security built-in. But say your business is in the field of banking and finance, healthcare or government where data security is paramount, then you may want to add more security to the employee management and appraisal software you’re using, such role-based access, single sign-on (SSO), enterprise-grade encryption, multi-factor authentication, etc. All these can affect the total cost of the software. This level of security will take more than a $4 per user/month subscription.
Another aspect you need to consider is the governance, risk and compliance or GRC. Most employee performance & appraisal software products do not include a GRC function. While there are those that offer a GRC solution, they might require you to pay extra for the module. While there are vendors like Leapsome that offer full general data protection regulation (GDPR) compliance at no extra cost, this is not a common practice in the world of performance & appraisal solutions. You may want to look into this aspect when choosing this type of software for your business.
15five has four pricing plans ranging from the lowest tier Engage at $4 per user/month all the way to the highest tier Total Platform at $14 per user/month. The two mid-tiers are Perform and Focus, both priced at $8 per user/month. All plans are billed annually.
The Engage package offers employee engagement insights and outcomes and is ideal for SMBs, PeopleOps teams and executives. The Perform plan is an upgrade to Engage. In addition to employee engagement insights and outcomes, it provides performance management software for employee growth. It has everything in Engage, with the addition of a few performance-focused features including 360-degree feedback, performance reviews, competencies and data insights.
15five Focus is a package tailored for PeopleOps, chief operating officers (COOs) and general managers (GMs). It provides easy objectives and key results (OKR) management to help company executives focus and drive home crucial organizational goals. Total Platform is the top-tier package that offers a full suite, which includes employee performance, engagement and OKRs in a single solution. It is perfect for any business looking for a comprehensive engagement, performance and appraisal solution.
Culture Amp has three pricing plans available. There’s the Self-Starter, which is the lowest tier, then there’s the Standard plan and the Enterprise plan. All plans come with the full platform capabilities, including engagement and performance features. The actual cost of each plan is only available upon request, so interested parties need to contact the vendor directly for pricing details.
The Self-Starter plan is ideal for SMBs with 25 to 200 employees. The package is equipped with all the features and tools necessary to help businesses get up and running as soon as possible. The Standard plan is tailored for medium to large businesses that employ anywhere between 200 and 1,000 personnel. It comes with strategic coaching to help guide employees and managers through their journey. The Enterprise package is best suited for large businesses and enterprises with a workforce size of more than 1,000 employees. It offers dedicated expertise, support and training tailored for the unique and complex requirements of larger businesses and organizations.
Glint has not provided their plans and pricing details to the general public. This is a common practice among many software vendors and online service providers. Interested parties must visit the Glint website and request a live demo in order to get their full pricing information. There is no free trial or free version of the software available.
Glint caters to businesses and organizations ranging in size from 100-employee midsize companies to multinational corporations that have a workforce size of more than 250,000 employees. Based on this information, Glint is ideal for medium to large businesses that want a people success platform with employee engagement, employee development, diversity and inclusion, as well as a robust performance management system.
Achievers has not provided their plans and pricing details to the general public. This is a common practice among many software vendors and online service providers. Interested parties must visit the Achievers website and request a free trial or schedule a walkthrough of the platform to get the full pricing information. There is no free version of the software available, but they do offer a free trial.
Achievers is ideal for companies that want the core features of performance appraisal software on a comprehensive employee experience platform. Its subscription packages are equipped with the right functionality that improves employee experiences, engagement and performance by way of the Achievers Experience Platform’s main offerings: Recognize, Listen and Perks. The cloud-based solution supports businesses and organizations of all sizes, across different industries.
Trakstar has not provided their plans and pricing details to the general public. This is a common practice among many software vendors and online service providers. Interested parties must visit the Trakstar website and request a live demo in order to get their full pricing information. There is no free version of the software, but a free trial is available upon request.
Trakstar follows a subscription-based pricing model and the pricing for their subscription plans are based on the number of seats/users. Subscription packages come with unlimited online reviews, unlimited support, goal tracking module, 360-degree feedback, customization and implementation support, as well as employee and manager training, depending on the tier level of the subscription.
Engagedly has not provided their plans and pricing details to the general public. This is a common practice among many software vendors and online service providers. Interested parties must visit the official Engagedly website, fill up the online form to request a demo and get access to the full pricing information. There is no free version of the software, but a free trial is available upon request.
Engagedly does not make its pricing plans or its prices available to the public. This is most likely due to the varying costs of its flexible plans, which depend on the type and the number of features required by the interested party. Most business customers, however, can expect to pay anywhere around $5 to $6 per user per month for the basic performance management subscription, while they can be charged up to $8 per user per month for a pricing plan that includes advanced tools and features like survey building tools and rewards programs. Contact the Engagedly sales team to confirm their plans and pricing.
Lattice has three main pricing plans available to choose from: Performance, Performance & Engagement and Enterprise. The Performance package starts at $9 per person/month, the Performance & Engagement plan is priced at $12 per person/month, while the Enterprise plan has custom pricing, providing tailored solutions to fit the company’s culture. Both Performance and Performance & Engagement packages are billed on a yearly basis, with a starting annual agreement of $4,000.
The Performance package includes a plethora of features and capabilities, from manager-led good performance reviews, 360-degree and real-time feedback, custom question templates and performance reporting and analytics to single sign-on (SSO) security, mobile apps as well as HRIS integrations. This is the ideal plan for SMBs that want to start with an affordable yet feature-rich performance review software solution.
The Performance & Engagement plan comes with everything from the Performance package plus a few more features, such as employee engagement and pulse surveys, engagement reporting and analytics, real-time pulse insights and historical benchmarks. This package is best for midsize companies that need more from their performance and engagement solution to align employees and organizational goals. The Enterprise plan has everything that Lattice has to offer.
Leapsome has a relatively simple pricing that adapts sufficiently according to the business customer’s requirements. It provides modular pricing that starts from $6 per user/month, billed annually. The software offers four main products: Perform, Align, Engage and Learn. A quote-based Enterprise pricing is also available. Interested parties can submit their email address to schedule a demo.
Since Leapsome has modular pricing, it means business customers can just pick and choose the features and tools they want according to their employee performance and engagement requirements. Perform, for example, has all the features related to performance reviews and career growth, while Align keeps all the goals and OKR-related features and tools. Engage has all the engagement, surveys and pulse features, and Learn houses all the employee learning and onboarding functions.
There are a few features, however, that are always included on all subscription packages, such as HRIS integrations, customer support, SSO and encryption, full GDPR compliance, as well as Slack and Microsoft Teams integration.
Vantage Circle has not provided their plans and pricing details to the general public. This is a common practice among many software vendors and online service providers. Interested parties must visit the Vantage Circle website, fill up the online form to request a quote and get access to the full pricing information. There is a free trial available upon request.
Vantage Circle offers flexible pricing plans that are tailored for companies of all sizes; whether it’s a small, medium or large business, there is a package that will suit that company’s needs. This means Vantage Circle’s custom pricing is matched to the company irrespective of its size or requirements to ensure a more cost-effective, transparent and equal pricing structure.
SAP SuccessFactors’ human experience management (HXM) suite is comprised of a wide variety of software solutions, too many to mention every single one. Some of the solutions have their starting prices listed on the website, while others are quote-based. The SAP SuccessFactors Employee Central, for example, has its starting price listed at $6.30 per user/month, while the SAP SuccessFactors Employee Central Payroll has a starting price of $6.04 per user/month. Both of these solutions are just for the Core HR and Payroll modules of SAP SuccessFactors HXM Suite.
SAP SuccessFactors’ talent management module has a few solutions included, such as SAP SuccessFactors Recruiting ($3 per user/month), SAP SuccessFactors Performance & Goals ($4.17 per user/month), SAP SuccessFactors Onboarding ($1 per user/month), SAP SuccessFactors Learning ($2.17 per user/month), just to mention a few. The HR analytics & workforce planning module has the SAP SuccessFactors Workforce Analytics solution, which starts at $6.17 per user/month.
With different pricing for every solution, SAP SuccessFactors is well-suited for businesses and organizations that want to choose and pay only for the product or solution that they need. With a per-user/seat, per-month pricing strategy, this supports large enterprises as well as small and midsize businesses (SMBs).
Employee performance and appraisal software pricing can differ greatly when you consider the available features, the number of seats, the minimum monthly cost agreements and the pricing strategy that a vendor chooses. If you’re a startup or a small business with less than a hundred employees, you might be able to get away with a basic or standard pricing package of around $4 to $6 per user/month. But you need to check into the minimum number of seats or monthly costs that the vendor requires.
If you’re a mid-market business or even a large enterprise with over 200 employees, then you might want to consider a more advanced package with all the features that you need. Mid-market subscriptions can cost on average around $8 to $12 per user/month, but these often come with a greater number of seats/users and more advanced features. Higher-tier plans will cost a lot of money, but they are better suited for bigger companies and multinational enterprises with hundreds, if not thousands, of employees. An on-premise system might also be a good choice for this scenario.
