Recommendations: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals. Reviews: Sorts listings by the number of user reviews we have published, greatest to least. Sponsored: Sorts listings by software vendors running active bidding campaigns, from the highest to lowest bid. Vendors who have paid for placement have a ‘Visit Website’ button, whereas unpaid vendors have a ‘Learn More’ button. Avg Rating: Sorts listings by overall star rating based on user reviews, highest to lowest. A to Z: Sorts listings by product name from A to Z.
Engagedly is a cloud-based workforce management solution that offers integrated applications to manage on-boarding, employee learning, performance review and goal management. The solution focuses on communication and collaboration...Read more
Profit is an enterprise Objectives & Key Results (OKR) software, integrated with Task Management, Employee Engagement & Employee Development. You can create Objectives & Key Results at every level of your organization while ensuri...Read more
Culture Amp's Employee Effectiveness is a cloud-based 360-degree feedback management solution for managers, individuals and teams, that helps them to receive and provide feedback. The solution is designed by data scientists and or...Read more
Hirebook is a people-focused platform that helps companies empower their teams through meetings, dialogue, objectives, and actions. It allows managers to check in with employees, provides dedicated space to share progress and disc...Read more
Peoplebox is a cloud-based employee engagement platform, which helps businesses of all sizes track performance and facilitate collaboration among teams. Features include lifecycle surveys, heatmaps, anonymous messaging and engagem...Read more
BizMerlinHR is a cloud-based human resource management solution that helps mid to large enterprises manage the entire employee lifecycle, from onboarding to comprehensive employee records to performance management to team retentio...Read more
Performly is a cloud-based human resources solution designed for small, midsize and large businesses. Primary features include talent management, object and competency management, 360-degree performance reviews, feedback collectio...Read more
Confluence is a project management solution that enables organizations to create, collaborate, organize and review project documents. The system offers both cloud-based and on-premise deployment.
Confluence’s editor feature a...Read more
Appreiz is a web-based performance management software designed to help businesses reward and recognize staff members to facilitate employee engagement. Key features include peer appraisals, custom rating scales, weighted performa...Read more
Asana helps teams orchestrate their work—from daily tasks to strategic initiatives. With Asana, teams are more confident, move faster, and accomplish more with less—no matter where they are located or how many different department...Read more
emPerform is a hybrid employee performance management solution that helps organizations to automate performance reviews and align, develop and retain talent. It can be deployed either on-premise or in the cloud.
emPerform helps ...Read more
Uppercase Performance Management is a cloud-based performance management platform for small businesses. It offers goal-setting, real-time feedback, team management, goal management, journaling and progress history.
It allows ...Read more
GroSum is a cloud-based performance management solution for small and midsize businesses. Primary features include goal setting, performance reviews, 360 feedback, scheduling, alerts/ notifications and analytics.
Other featur...Read more
Lattice is a cloud-based performance management solution for HR professionals across multiple industries. Businesses and enterprise-level corporations can customize the solution to suit their requirements. Core functionalities inc...Read more
PerformYard is a cloud-based feedback and corporate performance management solution that allows users to set goals and track performance. The solution also helps in other human resources (HR) processes such as onboarding and organ...Read more
Synergita is a cloud-based performance review system that allows organizations to provide continuous feedback and social recognition, set goals and performance appraisal schedules and track skill sets and career growth among emplo...Read more
EchoSpan’s 360-Degree Feedback tool is a cloud-based solution that provides information to employees about their professional strengths and opportunity areas by collecting feedback from their co-workers.
Administrators can cr...Read more
The Six Disciplines Performance Management Program is a cloud-based goal management and performance evaluation tool that helps managers, teams and individual employees set and track performance goals. Features include tools that a...Read more
Darwinbox is a new-age and disruptive mobile-first, cloud-based HRMS platform built for large enterprises to attract, engage and nurture talent. It is an end-to-end integrated HR system consisting of modules like performance, leav...Read more
GoalSpan is a cloud-based performance and feedback management solution designed to handle workforce engagement. It allows organizations to automatically manage goals and capture feedback from employees.
The solution enables u...Read more
Small businesses in the U.S. are in great company! According to the U.S. Small Business Administration (SBA), there are 30.2 million small businesses that represent 99.9 percent of all businesses in the country.
However, the agency has also reported that only 50 percent of small businesses survive the first five years. Small and midsize businesses (SMBs) that survive the initial, "volatile" years have a better chance of business continuity.
One of the reasons so many SMBs fail in the first few years is because they stray away from their primary goals. Small business entrepreneurs are prone to "shiny object syndrome," wasting money and resources chasing new ideas that don't align with the business's core offerings.
To maintain organizational focus, small businesses should adopt an objective and key results (OKR) program. They can implement this strategy using OKR software to manage, track and measure the program's success.
That said, small businesses should carefully consider their options when choosing OKR software, as there are many available on the market. For instance, you need to check whether the software integrates with your human resources solution, so your HR staff can automate the migration of employee details between the two systems.
In this buyer's guide, we'll look at many such considerations that OKR software buyers should keep in mind. We'll also go over the core capabilities and benefits of OKR software.
OKR software helps businesses align and monitor their employees' efforts toward achieving the company's primary objectives. These tools offer capabilities such as dashboards to visualize organizational, team and individual goals; graphs and charts to track the progress on key results; and team communication features to conduct employee reviews and peer-to-peer feedback sessions.
Weekly OKR status report in Weekdone
Benefits of OKR Software
Using OKR software, small businesses can create a centralized repository for employees to understand their objectives (what is to be achieved) and simplify the monitoring of key results (specific and measurable tasks) that define how employees work toward their objectives.
Here are some of the key benefits of using OKR solutions:
Save time by automating manual tasks. Using the software, HR teams can save the time they typically waste on manually tracking team objectives and key results on spreadsheets.
Keep information centralized and accessible. Details about team/individual goals and key results are stored in a centralized location, making the information easy to find.
Improve team communication and collaboration. OKR software comes with team workspaces, which help employees discuss objectives, clarify questions and provide feedback.
Common Features of OKR Software
OKR software helps businesses manage organizational and team goals, store team conversations in a central place, monitor the performance of OKRs and do much more. Here's a look at some of the common features of these tools.
Define employee OKRs and allow them to view how individual OKRs are aligned with team and company goals on centralized dashboards.
Allow employees to request, receive and share feedback with peers and managers via online workspaces.
Reporting and analytics
View and track metrics, such as OKRs that the team has achieved, any unaligned objectives, key results at risk and more.
Track the progress of employee initiatives that drive key results, for example, tasks that a marketing team might undertake to achieve the key result of doubling quarterly sales.
Control which members can create, edit and assign objectives and key results.
Motivate high-performing teams and employees with game mechanics such as leaderboards and recognition badges.
What Type of Buyer Are You?
OKR software helps small businesses maintain organizational focus. However, there are many OKR solutions on the market, and SMBs should carefully analyze their needs before purchasing a solution.
Below are the two most common types of OKR software buyers. Knowing the difference will give you a better understanding of your needs when purchasing an OKR solution:
Small business buyers: These buyers typically belong to organizations with fewer than 100 employees and want an OKR solution that is affordable and user-friendly. Let's see in detail why these are the top concerns:
Usability: Small business users can't invest a lot of time customizing and learning to use new software. They need tools with out-of-the-box features, whereas a larger enterprise go for solutions with more customization options. Small businesses want intuitive features, such as drag-and-drop interfaces, which minimize the number of clicks required to do a task. A key usability feature is centralization, which makes information readily searchable. For instance, the tool should allow users to receive and share feedback on their objectives in a central location. Also, visual dashboards should make it quick and easy to track performance reports.
Pricing: Affordability is a key factor. Small businesses don't want an OKR tool that boasts an extensive set of features. Instead, their main aim is to justify the ROI of the total costs of software ownership. So, they want vendors that don't charge extra for adding new users or for offering priority phone support.
Enterprise buyers: These buyers have specific requirements to manage the OKRs of a large workforce that's usually spread across different locations. They need a tool that offers a large set of features and allows third-party integrations so that all their business needs are met.
Functionality: A large list of features is one of the primary requirements of enterprise buyers. For instance, they look for detailed reporting capabilities that allow them to track and contrast employees' current and historical OKR performance. They want to easily download custom reports that offer insights into the ownership of objectives, time of completion and other such details in different formats such as PDF, XLS and HTML. These buyers also want features such as task allocation and tracking, visual organizational charts, white-label options and real-time push notifications for mobile applications.
Integrations: Enterprise users want a tool that is ready to fit into their existing infrastructure—like a puzzle piece. So, the OKR software must integrate, or facilitate integrations, with their existing software tools, such as project management software, social collaboration solutions and HR software. Integrations should allow seamless transfer of data between the different systems. Users also need a single sign-on (SSO) integration that makes the tool easily accessible for distributed teams.
Besides understanding the type of buyer you are, small businesses should also explore other aspects of OKR software to understand the total cost of ownership.
Here are some of the top considerations to keep in mind:
Level of support. Buyers should consider a number of factors related to the level of support offered. Check whether vendors offer dedicated consultants to set up the tool or a self-service platform that houses video tutorials and a knowledge base. Importantly, clarify with the vendor whether there are additional charges for software training or troubleshooting via phone support.
Scalability of the software. As your business grows, you want the OKR solution to be able to accommodate your different needs. But to understand the scalability of the tool, it's not enough to just look at the breadth of features or performance metrics such as uptime of the software. You should also check the frequency of software updates. If the vendor consistently releases new feature upgrades, that's a sign that the software will scale with your business.