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Performance Management Software

How Much Does Performance Management Software Cost?

Real list prices from 4 performance management products that publish them, cost by headcount, the pricing models you will meet and the fees that are easy to miss.

By LeadChange Research TeamUpdated Facts checked

How much performance management software costs

Published prices for performance management software range from $3–$11 per employee per month. At 25 employees, the median list cost across 4 products is $225 per month.

List prices before discounts, taxes and add-ons; quote-only vendors are not included.

Cost by company size

Estimated list price per month by number of employees
Employees15Five PerformBetterworks PerformanceLattice PerformanceSmall Improvements Launch
1$11/mo$8/mo$10/mo$3/mo (lowest)
10$110/mo$80/mo$100/mo$30/mo (lowest)
25$275/mo$200/mo$250/mo$75/mo (lowest)
50$550/mo$400/mo$500/mo$150/mo (lowest)
100$1,100/mo$800/mo$1,000/mo$300/mo (lowest)
250$2,750/mo$2,000/mo$2,500/mo$750/mo (lowest)

Pricing models explained

  • Per employee per month. A rate per employee, often tiered by module. Simple to forecast.
  • Per module. Separate prices for reviews, goals, 360 and succession features.
  • Base fee + per employee. A platform fee plus per-person pricing. Common for smaller teams.
  • Bundled with HRIS. Performance features included in an HRIS tier, usually with fewer options.

Price comparison

Performance Management Software prices, lowest published plan
ProductStarting pricePricing modelPricing details
Small Improvements$3/user/moPer userWhat Small Improvements costs
Betterworks$8/user/moPer userWhat Betterworks costs
Lattice$10/user/mo (Performance plan)Per userLattice plans and prices
15Five$11/user/mo (Perform plan)Per userWhat 15Five costs
LeapsomeQuote onlyPer employeeLeapsome plans and prices
BambooHRQuote onlyPer employeeWhat BambooHR costs
Culture AmpQuote onlyQuote onlyCulture Amp pricing
Quantum WorkplaceQuote onlyQuote onlyWhat Quantum Workplace costs
Workleap OfficevibeQuote onlyTiered plansWorkleap Officevibe plans and prices
HiBobQuote onlyQuote onlyHiBob pricing
Cornerstone OnDemandQuote onlyQuote onlyCornerstone OnDemand pricing
EngagedlyQuote onlyQuote onlyWhat Engagedly costs

Lowest published list price per month, cheapest first at 25 employees; quote-only products show no price.

Extra and hidden costs

  • 15Five

    Content (manager learning library): $49/manager/month, billed annually, Coaching: $399/credit (1-on-1 session = 1 credit, group session = 5 credits), Kona Meeting Assistant: $2/employee/month, billed annually, Kona Coach: $19/manager/month, billed annually, Compensation base package: $9/user/month, billed annually, Compensation plus salary benchmarking (Mercer): $11/user/month, billed annually

  • Lattice

    Compensation add-on +$6/seat/month, Grow add-on +$4/seat/month

What drives the price

  • Number of modules such as goals, 360 and calibration
  • Headcount and minimum contract size
  • Number of review cycles and forms
  • Integrations and API access
  • Support and implementation tier

Fees to ask about before you sign:

  • Setup fees for review templates
  • Paid 360 or survey add-ons
  • Charges for retaining data on former employees
  • Compensation or succession modules sold separately
  • Training and change-management services

Frequently asked questions

How much does performance management software cost?

Pricing usually runs per employee per month, sometimes by module. Ask for a quote at your headcount and confirm which features are in the base price. Get minimum contract terms and renewal conditions in writing.

Is 360 feedback worth it?

It can be, when used for development rather than pay decisions and when anonymity is protected. It adds administrative load and can produce noisy data with small rater groups. Pilot it with leaders before a company-wide rollout.

Changelog

  1. Price comparison: order updated.

  2. First published.

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