Lattice vs 15Five vs PerformYard (2024)

No matter how big or small your business is, performance management software is key. It enables you to track, understand, and improve the engagement and performance of your employees, but that doesn’t mean all platforms are created equal.

There is no shortage of platforms to choose from. Two popular choices include Lattice and 15Five, but how do you know if one of these options is the right one for your organization?

Here's what you need to know about Lattice vs 15Five so you can figure out which one will provide you with the functionality you need to support employees, managers, and your organization as a whole.

Lattice vs 15Five Overview

Both Lattice and 15Five are reliable platforms for employee engagement and performance management, but they approach the process from slightly different angles.

Lattice offers additional resources for those who want to focus on career development capabilities for their employees, while 15Five offers additional resources for those who prefer to focus on the professional development of managers.

One isn’t inherently better than the other. Instead, you have to know exactly what you’re looking for in a performance management platform and then find the one that offers the capabilities you need.

Here are a few things to think about when comparing Lattice vs 15Five. Then, keep reading for a more in-depth comparison of these two platforms.

Lattice Overview 

Lattice is a popular cloud-based HR-facing performance management tool that was founded in 2015. It regularly tops lists of the most well-regarded software choices not only because it offers a wide range of capabilities, but also because it offers a stellar customer service experience.

Lattice is used by companies like Robinhood, Webflow, Discord, and many other medium- to large-sized businesses. However, its complex analytics capabilities and potential high cost make it a less appealing option for small businesses.

Here are the top pros and cons of Lattice that you need to know.

Pros of Lattice

Lattice offers employee performance and productivity tools like you would expect from a performance management platform. It offers capabilities like goal setting, performance tracking, and gathering employee feedback, but there are a few things that really set it apart.

The pros of Lattice vs 15Five include:

• Career development capabilities
• Robust analytics capabilities for large teams
• Top-tier customer support

Career development capabilities

Lattice focuses on employee outcomes throughout the performance management process. That means it supports capabilities like administering competency assessments, creating OKRs, and providing continuous feedback, but it also offers users the ability to support career development and tracking.

With individual development plans, you can build competency matrices to make sure expectations are clear, create career tracks to illuminate each employee's path forward, and provide tools and templates to managers so they can grow into a role of coaching to provide better support to employees.

Robust analytics capabilities for large teams

It’s true that both platforms offer analytics capabilities, but Lattice has the ability to support large organizations with specific, detailed reporting.

Engagement and performance analytics are integrated, so you can see how they influence one another. Compensation management is integrated as well, so you can reward top performers based on their engagement and performance. You have the ability to create specialized reports to support diversity, equity, inclusion, and belonging (DEIB) efforts, as well as the ability to focus on the analytics for specific teams and other groups.

Cons of Lattice

Although it's true that Lattice offers manager analytics and effectiveness tools, the platform focuses more on employees. That can be a good thing, but it can also be a bad thing if you prefer to focus on the development of your managers and their ability to support and encourage your employees.

Other cons of Lattice vs 15Five include:

• User interface can be difficult to navigate
• On demand, live help can be hard to find
• Costs have the potential to add up quickly

User interface can be difficult to navigate

Lattice is intuitive, but the question is, for whom?

Although the platform is designed for simplicity and ease of use, because it's a large platform meant to support large organizations, it can feel confusing and cumbersome for those without a lot of experience using these types of platforms.

It’s also worth noting that there aren’t a lot of customization options. It is difficult or downright impossible to do things like change formats or customize processes.

One user notes, “The performance management feature needs some work as it's clunky and not as seamless as other products we have used.”

On demand help can be hard to find

It's true that Lattice has top-tier customer support, but that customer support is customer-led. Like most large companies, they focus on offering robust online resources and general help through their online chat widget. However, if you want more live, on demand help, Lattice may not be right for you.

Customer response agents sometimes take a while to respond. They offer extensive live chat support hours, but no phone number is listed in their customer care contact information, so getting help if you have a unique problem right away isn’t likely.

Costs have the potential to add up quickly

One of the reasons why Lattice is a better choice for medium- to large-sized businesses is the fact that they have a minimum contract amount of $4,000 annually, which can be a bit too pricey for smaller organizations.

Although basic plans with performance management, OKRs, and Goals cost just $11 per person per month, additions like engagement, growth, and compensation features cost extra. The pricing of the full platform can end up costing you $28 per person, which is pretty expensive compared to other performance management options.

15Five Overview 

15Five dates back even further than Lattice, having been founded in 2011. It supports a variety of performance reviews in addition to offering feedback and employee recognition features.

It is used by companies like WP Engine, Pendo, and HubSpot, but it isn’t meant for large companies, so it may not be a good choice if you plan on expanding, scaling, or growing your business in the near future.

Here are the pros and cons of 15Five vs Lattice for you to consider.

Pros of 15Five

15Five knows that everyone has had a bad boss, but they’re out to change that with their software. It supports the general review process with a focus on managers, enabling you to improve engagement, increase retention, and boost performance.

There are a few features you'll find with 15Five that make it unique compared to its competitors.

The pros of 15Five vs Lattice include:

• Manager-focused development
• Helpful online customer support options
• Robust integrations

Manager-focused development

One feature of 15Five that is appealing to some organizations is the fact that it focuses on managerial development.

The platform supports manager-employee relationships by offering live and on demand coaching and training for managers. It also offers real-time AI-powered support for managers, in addition to manager effectiveness indicators and private manager assessments. The goal is to encourage managers to act in a coaching role instead of a managerial role so employees are encouraged to be fully engaged and perform at the highest level.

Robust integrations

Most performance management platforms, including Lattice, include a wide variety of integrations that enable you to track and manage information from different platforms, but 15Five offers an especially robust list of integrations.

Their listed integrations include over 30 different HRIS and productivity platforms. They even have a quick link listed on their integrations page where you can submit a platform you’re using that isn’t currently integrated so they can work on adding it to the list.

Cons of 15Five

There’s a lot that 15Five has to offer in the way of performance management for smallish companies that want to focus on manager-employee relationships, but that means there are other limitations to this platform that you won't find with Lattice or others.

The cons of 15Five vs Lattice include:

• Limited analytics
• Difficulty keeping up with the needs of a growing company
• No specific onboarding or offboarding process

Limited analytics

Analytics on the platform focus on performance and engagement, but not necessarily at the same time. The same is true of viewing performance ratings by demographics, departments, and role competencies. Different analytics aren't integrated with one another, which may not be a big deal if you're working with smaller data sets, but big-picture performance issues can fall through the cracks with larger data sets.

For example, one user wishes there was an option "to compare the data from other coworkers to see if we are having the same problems."

Difficulty keeping up with the needs of a growing company

15Five is specifically designed for small and medium-sized companies of up to 150 employees. Any more than that and you’ll find 15Five is an inelegant solution to performance management.

Features within the platform are not designed to scale with a growing business. It includes fewer product offerings that focus on performance reviews, engagement metrics, and manager learning solutions, skipping dedicated in-platform integrations like OKRs and compensation reviews that can be helpful for large organizations.

No onboarding or offboarding tools

Although 15Five offers an onboarding and career hub where managers and employees can start career and performance conversations from day one, there is no dedicated process or widget for onboarding employees. 

There’s no specific process for offboarding either. Important information about why employees are leaving could be missed unless you create a specific process with an outside platform.

Lattice vs 15Five

Each platform has its own strengths and weaknesses. What’s important is that you weigh those strengths and weaknesses to find a platform that’s right for you.

Lattice could be a good fit if:

• You need a solution that offers career development capabilities, like individual development plans.
• Your business prioritizes using robust analytics to make informed decisions about performance management.
• Your team will benefit from having access to award-winning customer support with online resources and a dedicated account manager.
• You have a budget of at least $4,000 annually and can pay up to $28 per person per month.

15Five could be a good fit if:

• You need a solution that excels in manager-focused development capabilities, like manager effectiveness indicators and private manager assessments.
• Your business prioritizes on demand support options, live events, and customer response times of 48 business hours or less.
• Your team benefits from using a wide variety of platforms that can all be integrated in one place.
• You have a small team and a small budget and want to get started for as little as $4 per person per month.

How PerformYard Outshines the Competition

Lattice and 15Five are popular performance management-style platforms, but there are many more to choose from.

If you really want to zero in on the performance management process, integrating a variety of features like productivity, employee feedback, engagement, and goal management, then you might want to consider PerformYard instead.

PerformYard outshines the competition in many different ways which include:

• Prioritize the review process from start to finish
• Customized to your unique data
• Affordable prices for teams of all sizes

Prioritize the review process from start to finish

Lattice veers away from the performance management process by focusing on employee outcomes and career development. 15Five does too by focusing on manager development. PerformYard, in contrast, focuses on the review process from start to finish.

The PerformYard platform supports:

• A wide variety of customizable reviews and check-ins
• Goal management
• Reporting and analytics
• Continuous feedback
• Employee engagement

It also includes the ability to customize new hire assessments and exit interviews, making it a truly comprehensive performance management-focused platform that supports employees and managers throughout the duration of their tenure within your organization. 

Customized to your unique data

Reporting and analytics on the PerformYard platform are focused on providing you with meaningful data that is customized according to your needs. Not only are you able to organize every piece of every employee's performance history to create a holistic view of performance, you're also able to filter and group your data according to cohorts, teams, and much more. Customizable capabilities enable you to find trends, compare performance between departments, and identify star employees.

That’s not all. You're able to combine performance data with employee data, track progress across review cycles, and create summary results according to performance categories, goal scores, and much more.

Affordable prices for teams of all sizes

As a customizable platform with a focus on the performance management process, PerformYard is built to grow with your business, no matter how big or small. Especially since pricing is simple, transparent, and affordable.

You can get access to everything you need to design and manage your review cycles, get access to full reporting, and get phone, email, and online-based support starting at just $5 per person per month. Adding employee engagement starts at just $1 per person per month and includes the ability to create anonymous employee surveys and track changes in performance and employee sentiment over time.

PerformYard vs Lattice vs 15Five

How do the features of Lattice vs 15Five vs PerformYard compare? Here’s a quick look at their main differentiators side-by-side:

PerformYard vs Lattice vs 15Five Pricing 

Prices can vary widely, but it is also an extremely important consideration when you’re comparing performance management platforms. Here’s what you need to know about Lattice vs 15Five vs PerformYard pricing:

FAQs

What’s the main difference between Lattice vs 15Five?

The main difference between Lattice vs 15Five is that Lattice focuses on career development opportunities with individual development plans and competency matrices. 15Five, on the other hand, focuses more on managerial development with on demand coaching, manager effectiveness indicators, and private manager assessments.

Which platform is more user-friendly, Lattice or 15Five?

Both platforms are well-designed, but because Lattice is designed for large businesses with large data sets, it can be challenging to navigate for those who don't have an HR background. 15Five has a visually appealing and straightforward interface that's a bit easier to navigate right out of the gate.

How do the pricing models of Lattice and 15Five compare?

Lattice requires a minimum annual commitment of $4,000, while 15Five does not have a minimum annual commitment. Lattice pricing starts as low as $8 per person per month but can balloon up to $28 per person per month, depending on the pricing tiers you choose. 15Five starts at just $4 and tops out at $16 per person per month for the complete platform.

How does PerformYard compare to Lattice and 15Five?

Lattice focuses on career development, and 15Five focuses on managerial development, but PerformYard focuses on the actual performance management cycle. From new hire assessments to exit interviews and reviews, feedback, goal management, and employee engagement in between, PerformYard includes all of the tools you need during the entire review process.

What makes PerformYard a better fit for me over Lattice and 15Five?

PerformYard focuses on allowing you to create a customizable performance management system. You can customize a complete range of review types, harness the power of continuous feedback, measure employee engagement, and utilize integrated reporting capabilities to enhance performance in the most intuitive, time-saving way possible.