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Finding the ideal performance management platform for your company can feel overwhelming, given the many available options. But don’t worry—you’ve landed on the ultimate guide to help you make an informed decision.
In this in-depth comparison, we’ll break down two leading employee engagement and recognition platforms—Lattice and 15Five. These platforms have transformed how organizations foster employee growth, drive engagement, and enhance performance management. But which one is right for your business? Let’s dive in.
Choosing the Right Performance Management Platform
Selecting the right performance management platform is crucial for organizations aiming to boost engagement, retain top talent, and create a thriving workplace culture. A well-chosen platform can:
✔ Motivate employees by fostering a culture of appreciation.
✔ Enhance productivity by aligning recognition with company goals.
✔ Reduce attrition by making employees feel valued and connected.
✔ Attract top talent by improving workplace satisfaction.
Now, let’s explore how Lattice and 15Five compare in helping companies achieve these outcomes.
Lattice: A Goal-Driven Performance Management Platform
Lattice is like a GPS for employee growth—guiding teams toward success with structured goal-setting, continuous feedback, and robust analytics. It provides a dynamic environment for performance tracking and employee development, ensuring that businesses stay on track with their objectives.
Key Features
- Objectives & Key Results (OKRs): Helps set and track goals, aligning employee efforts with company objectives.
- 1:1 Meetings: Provides structured tools for managers to conduct effective check-ins with employees.
- Employee Recognition: Enables real-time appreciation of employee achievements.
- Data-Driven Insights: Offers analytics to evaluate team and individual performance.
- Integrations: Seamlessly connects with Slack, Google Calendar, and HRIS systems for smooth workflows.
Pros of Lattice
✔ Structured Goal Setting – Helps align employee efforts with business strategy.
✔ Continuous Feedback Culture – Encourages real-time feedback and ongoing discussions.
✔ Performance Tracking – Provides tools to measure employee and team performance effectively.
✔ Employee Development Tools – Supports tailored growth plans and career progression.
✔ Collaboration Features – Enhances teamwork through transparent communication.
Cons of Lattice
⚠ Complexity: The extensive features may require a longer learning curve.
⚠ Implementation Time: Fully integrating Lattice into existing workflows takes time and effort.
⚠ Cost: Pricing may be higher compared to simpler performance management tools.
⚠ Feature Overload: Some teams may find the vast range of features overwhelming.
Lattice Pricing
Lattice offers a range of pricing plans based on specific business needs:
💰 Engagement Plan – $4 per user/month (focus on employee engagement and communication).
💰 Grow Plan – $4 per user/month (features for employee development and continuous learning).
💰 Compensation Plan – $6 per user/month (streamlined compensation management).
💰 Performance Management + OKRs – $11 per user/month (full-suite goal management and performance tracking).
15Five: A Communication-Driven Employee Engagement Platform
15Five takes a people-first approach to performance management, ensuring employees feel heard, appreciated, and motivated. It emphasizes regular check-ins, real-time recognition, and structured feedback, making it ideal for companies looking to build a culture of transparency and employee well-being.
Key Features
- Check-ins & Pulse Surveys: Helps employees share progress updates, challenges, and feedback.
- High-Fives & Recognition Wall: A built-in appreciation system for recognizing employees' achievements.
- Best-Self Reviews: Encourages employees to reflect on their professional and personal growth.
- 1:1 Meeting Agendas: Provides structured templates and prompts for meaningful conversations.
- Best-Self University: Offers learning materials and development resources for employee growth.
Pros of 15Five
✔ Open Communication Culture – Encourages transparency and regular feedback.
✔ Employee Appreciation Features – High-Fives and public recognition boost morale.
✔ Customizable Review Cycles – Tailors performance reviews to company needs.
✔ Engagement & Wellness Focus – Supports employee well-being with pulse surveys and check-ins.
✔ Community Engagement – Allows employees to participate in social impact initiatives.
Cons of 15Five
⚠ Limited Performance Tools: May not be as comprehensive as specialized performance management platforms.
⚠ Basic Analytics: Lacks advanced reporting compared to competitors.
⚠ Employee Participation Needed: Effectiveness depends on regular employee engagement.
⚠ Potential Information Overload: Frequent check-ins may lead to excessive data for managers to process.
⚠ Customization Limits: Fewer configuration options than some other platforms.
15Five Pricing
15Five provides different pricing options tailored to company needs:
💰 Engage Plan – $4 per user/month (employee engagement surveys and analytics).
💰 Perform Plan – $8 per user/month (performance reviews and continuous feedback).
💰 Focus Plan – $8 per user/month (OKR management and goal tracking).
💰 Total Platform Access – $14 per user/month (all features included).
15Five also offers a 14-day free trial for businesses to explore the platform before committing.
Which Platform Should You Choose?
🔹 Lattice is ideal for organizations that prioritize structured goal-setting, OKRs, and in-depth performance tracking. It’s best for companies focused on data-driven performance management with continuous feedback loops.
🔹 15Five is perfect for companies that value employee communication, engagement, and appreciation. It works well for businesses looking to enhance transparency and boost morale through real-time feedback and recognition.
Ultimately, the choice between Lattice and 15Five depends on your company’s needs, goals, and budget.
- Need structured goal management and OKRs? → Go for Lattice.
- Want a recognition-focused tool with regular check-ins? → 15Five is your best bet.
Still Unsure? Let ThriveSparrow Help!
If you're uncertain about which platform aligns best with your business goals, you can try out a free trial or explore more insights on G2. ThriveSparrow is a good alternative to both these platforms, and with it, you can help your organization enhance employee engagement, recognition, and performance management.
Find out if ThriveSparrow is the solution you're looking for! Book your free demo.
