360-degree feedback software is an automated solution that helps you conduct performance reviews more efficiently and accurately. It offers benefits over a manual process, such as better data accuracy, quicker turnaround time, and lower costs. Additionally, it’s easier for employees to provide their input in anonymous surveys when using software versus pen-and-paper methods.
Why is it important?
Well, it’s no secret how important feedback is. According to Forbes, over 85% of Fortune 500 companies leverage the 360-degree feedback process. They aim to make their workforce more productive and goal-oriented.
As a result, employees are three times more likely to be engaged at their company because of regular feedback.
In this article, we’ll delve deeper into 360-degree feedback software and go over the 10 best tools for you.
What is 360-degree feedback?
According to a survey, 95% of managers are unsatisfied with the traditional performance management process. They feel there is room for improvement.
That is where 360-degree feedback comes in.
360 degree feedback is a type of performance review in which employees receive feedback from multiple people who they work with, including their supervisor, peers, and direct reports. This feedback can be given in person or through a survey.
The goal is to offer a well-rounded overview of someone’s performance through real-time comments. This method is suitable for managers and leaders who want to discover their strengths and weaknesses as well.
HR teams now rely on 360 performance reviews to gauge employee experience and improve their employee development program.
You don’t have to run the entire performance management cycle by yourself. There is 360-degree feedback software to help you.
Let’s see what that is.
What is 360-degree feedback software?
One of the problems with traditional, paper-based feedback tools is that when a person is completing the form and writing their own responses, there are no clear guidelines. This can lead to inconsistent or inaccurate feedback.
Another problem is that paper-based surveys can be time-consuming and tedious to complete. This can lead to people taking longer to respond or people skipping over questions they don’t want to answer.
In contrast, 360 degree feedback software allows people to complete multiple-choice or open-ended questions in a variety of different ways. This can help ensure that everyone who takes part in the survey receives fair and accurate feedback.
Furthermore, 360 degree feedback software can provide a detailed map of how individuals’ performance on different tasks relates to one another. This can help identify areas for improvement and guide a person’s career growth.
Why your company needs 360-degree feedback software
You must be wondering why you should invest in 360-degree feedback software. Here are the main reasons:
- Save time for HR professionals – gathering 360-degree employee feedback takes longer than its traditional counterpart. Human resources can save time by collecting evaluations in one place.
- Automate HR processes – a huge benefit of 360-degree feedback software like Effy is automated workflows. You can alleviate the workload of your HR professionals. They don’t need to do any tasks manually.
- Introduce standardized surveys – let’s say you have multiple employees in a similar role. You must evaluate them by the same standards. Some 360-degree feedback software tools allow you to create or use survey templates for similar positions.
- Stay on track – it’s difficult to keep track of all performance reviews. Your employees then receive feedback late, which affects your company culture. Using 360-degree feedback software helps you deliver timely employee feedback.
- Engage employees – a 360-degree software tool doubles as an employee engagement platform. Conducting regular performance reviews increases employee engagement. All team members receive employee reviews and also have a chance to assess a colleague.
Do you want to invest in a proper tool? We’ve got you covered!
Criteria for choosing the best 360-degree feedback software
According to research, 94% of employees would stay at a company longer if it invested in their careers. It’s easier to show you value employee development if you collect feedback and conduct performance appraisals.
You can use 360-degree feedback software to streamline the process. We chose ten tools for you according to the following criteria:
- Functionality – the best tool helps companies empower their HR teams with various performance management options. As a result, the teams don’t waste time learning how to use other tools.
- Ease of use – not all people are tech-savvy. Anyone who participates in the employment assessment process should navigate the app easily. You should select a 360-degree feedback software tool that does not take months to master.
- Pricing – each company has a budget for an HR platform. Your goal is to get the best value for money.
- Main purpose – having access to a range of features improves a company’s performance management process. But every tool has been developed for a particular purpose.
Let’s see which tools can help you create high-performing teams.
10 Best 360-degree feedback software
We tested the ten best 360-degree feedback software. Here are our recommendations.
Ease of use: 4.5/5
Pricing: Free plan or $18 per review
Main purpose: Launch 360-degree real-time feedback among your teams. Track and analyze employee performance to help them improve.
Effy is an HRM system that helps you enhance your performance management process. You can run 360-degree feedback with our tool and watch employee reviews come in.
The software enables you to automate the feedback process. It offers ready-to-use templates and automated review cycles to help you create real-time feedback.
Effy platform is highly adaptable. You can adjust every review cycle and flow to your company’s procedures and needs. For instance, you can set the flow to go up, enabling direct reports to review their supervisors.
You can also launch surveys to collect valuable insights. We know how time-consuming it is to do this on your own. That’s why we’ve developed a platform that lets you design questionnaires, send them to employees, remind people to respond and analyze the data all in one place.
Managing people’s data and keeping track of meetings is also possible with Effy.
Effy helps you organize and manage large amounts of data. You don’t have to remember any minute detail about your employees—Effy will save it and show it to you whenever you need it.
You can use the tool for free (no credit card is required). If the free plan is not enough, you can pay $18 per review.
Here is why you should choose Effy as your go-to 360-degree feedback software:
- Highly customizable – Effy lets you create your own processes and adjust everything to your needs.
- Automated HR processes – automated workflows save time and make your teams more efficient. Use Effy to automate onboarding, absence or other workflows.
- Access to integrations – we know that HR professionals are looking for advanced integration capabilities. That’s why our 360-degree feedback software enables you to integrate with Slack and other messengers. Team members can take surveys or submit employee reviews on a messenger.
Image source: Click-360
Ease of use: 4/5
Pricing: Free plan, Professional plan ($10 per user), Enterprise plan (custom pricing)
Main purpose: Track team members to drive employee engagement and improve performance
Click-360 is a people management platform suitable for companies looking to invest in employee development. It lets you measure an employee’s performance and see how their peers view them.
You can also gauge how satisfied employees are with Click-360. You can create surveys and speed up the process by using the app’s lists of questions. The employees use sliders to respond to your questions, which provide a greater level of accuracy.
This 360-degree feedback software tool also comes with goal tracking. Set goals for each employee and see how they achieve objectives over time. The data will be stored in a centralized location, so you won’t lose track of anyone’s progress.
The platform also has the Workbook feature. Thanks to this tool, your employees can create their own personal development plan. In just a few clicks, you’ll know how close they are to achieving their goals.
As for pricing, Click-360 has a free plan and other pay-per-employee subscription plans. The Professional plan is $10 per user, with features like live web training and push notifications.
Image source: Hirebook
Ease of use: 5/5
Pricing: Business plan ($15 per user), Enterprise plan (custom pricing)
Main purpose: Teams that need to boost their productivity
Hirebook is another performance management tool you can use for 360-degree feedback.
This people management platform collects feedback instead of you. You can ask employees to assess someone’s performance, recognize a colleague or even vote for the next team-building event.
The app lets you send surveys to only a specific target audience. It collects critical insights based on their answers to ensure you find employee engagement solutions.
This feature allows you to customize every question in your survey. After all, you know to which tone and messaging your employees respond best.
Hirebook then gathers feedback and generates data to help you improve the employee experience. For instance, you can see how many people responded to your survey. The dashboard will also show you the percentage of users who chose a specific answer.
This 360-degree feedback software does not come with a free plan. However, you can pay $15 per user monthly. If the Business plan isn’t enough, you can upgrade to its Enterprise plan. The pricing is custom.
- Encompassing Vision
Image source: Encompassing Visions
Ease of use: 4/5
Pricing: Available upon request
Main purpose: Collect feedback for employee development
Encompassing Visions serves as a talent management software. You can use it to enhance HR processes, including performance management.
The 360-degree feedback feature comes with customizable questions and templates. You can choose a question from their library or add your own for future use.
You can further improve the process with the help of this tool. There is a feature called “Self-Assessment,” which you can enable to see what an employee thinks about their own performance.
You can also manage all team members within the dashboard. Add relevant information about them and you don’t need a separate HR tool to keep track of your workforce.
One of its main features is competency management. You can compare skills and competencies to determine which employee performance stands out.
The Encompassing Visions pricing is available upon request.
Image source: Spidergap
Ease of use: 4/5
Pricing: Starts from $989 for 10 employees a year
Main purpose: Hold 360-degree feedback and launch employee assessment
Spidergap is a 360-degree feedback software and employee engagement platform. It is cloud-based and very intuitive.
The tool comes with default survey templates for HR teams. Alternatively, you can use the tool’s customization options. For instance, you can customize questionnaires for employee reviews and get detailed reports afterwards.
Employees also receive the results of their assessment. For instance, the report tells them which areas to improve or asks them if they want to prioritize another area to grow.
Spidergap improves employee experience by allowing team members to choose their feedback providers. Perhaps employees want to know if a specific manager values their efforts. You can let them decide for themselves!
The downside of Spidergap is the pricing. Due to its advanced features, it falls in the category of the more expensive tools. However, you can try its free demo to decide if you want to invest in it.
Image source: AssesTEAM
Ease of use: 3.5/5
Pricing: Basic plan (€2.7 per user a month), Premium plan (€3.6 per user a month), Enterprise plan (€4.5 per user a month)
Main purpose: Analyze company-wide results to understand employee performance
Another cloud-based performance management software is AssessTEAM. The company has developed features to help HR can evaluate, analyze and improve employee performance.
Its 360-degree feedback feature lets you automate this process. You can schedule reviews in advance to save time. For instance, you can choose the date, evaluators or how often the review will take place.
The tool also offers holistic analysis. You can compare two employees who work in the same position. You’ll see how long it takes each individual to deliver content, products or other.
Another perk of this tool is that you can select clear deliverables for every person. It then measures their performance based on those deliverables.
You receive comprehensive feedback reports to understand:
- How employees can improve
- Where they need help
- How they compare to each other
AssessTEAM offers three subscription plans - Basic, Premium and Enterprise.
- Performly Talent
Image source: Performly Talent
Ease of use: 4/5
Pricing: $4 per user a month
Main purpose: Suitable for small and medium-sized businesses
Performly Talent is a talent management platform. It is useful for businesses looking to transform productivity and employee engagement. Users can access the app both on desktop and mobile devices.
HR teams can use Performly Talent for 360-degree employee reviews and surveys. The app will then collect data to help set goals and competencies for each employee.
The platform lets you choose specific and measurable goals and OKRs in just a few clicks. You can track individual progress to see how they align with the company.
Under an employee profile, you can view people’s competencies based on the feedback they received. This makes it easier to understand what an employee does and does not do right.
You can try the tool’s free demo to see if it meets your needs. As for the pricing, Performly Talent is a cost-effective HR solution. You pay $4 per user a month to track and manage your employees.
Image source: SurveySparrow
Ease of use: 4.5/5
Pricing: Business plan ($99 per month), Enterprise plan ($499 per month), Elite plan (custom pricing)
Main purpose: Engage employees and improve company culture
SurveySparrow is a 360-degree feedback software tool and performance management platform. It serves various purposes, one of them is to carry out employee assessments.
The tool’s main feature is 360 assessment. It gives you a complete picture of your team members’ skills and performance. You just need to choose who will give feedback.
Once the survey is over, SurveySparrow will create feedback reports. You can highlight a person’s blind spots, skills, strengths and areas of improvement. The manager can use this to come up with a growth plan for each employee.
SurveySparrow is available from $99 per month.
Image source: Alchemer
Ease of use: 3/5
Pricing: Available upon request
Main purpose: Create online surveys
Next on our list is Alchemer. It is an online survey tool that connects you with your employees and helps you manage HR processes.
You can launch and manage 360-feedback reviews easily. For instance, the tool lets you upload a CSV file containing various information about the respondents. This saves time as you won’t need to do the work manually.
It features advanced data collection to give you relevant employee information. You can also monitor who has and has not submitted their feedback.
Alchemer integrates with other tools, including Mailchimp, HubSpot and Slack.
The pricing is available upon request.
- Trakstar Perform
Image source: Trakstar Perform
Ease of use: 3.5/5
Pricing: Available upon request
Main purpose: Work on talent development
Trakstar Perform has been on the market for decades now. It is a talent development platform that helps companies automate their HR processes. From performance management to applicant tracking, the tool takes care of everything.
You can use Trakstar Perform for 360 feedback as well. Multiple parties can leave reviews after receiving an email. As an HR, you can set expectations and monitor different outcomes.
The tool has an automated system which schedules 360-degree feedback to establish a routine. You don’t need to think or plan the next review phase—Trakstar will do everything.
One downside of Trakstar Perform is its steep learning curve. You’ll need some time to find your way around the platform.
Employees want to work for companies that value their personal and professional development. To reduce turnover, show that you are committed to your team members.
The best way to do that is through 360 feedback. Give your employees a chance to grow with the help of multiple colleagues.
The process will be easier if you use 360-degree feedback software like Effy. These tools allow you to track performance and understand how your employees must improve. Help your HR teams automate the process!
360-degree feedback software: FAQ
Here are our answers to the most asked questions.
What is 360-degree feedback software?
360-degree feedback software are tools that enable managers and peers to review an individual’s performance. They automate the performance management process, ensuring HR gathers reviews quickly and easily.
These are considered the people who know them best regarding their work capabilities and professional behavior. A 360-review software is essential to provide a detailed overview of an employee from all corners and give complete appraisal and training recommendations.
What is the tool we are using to apply the 360-degree feedback assessment?
The tool you should be using for 360-degree feedback is Effy. It allows you to select feedback providers, monitor the status of their reviews and learn how your employees can improve.
How do I create a 360 feedback survey?
You can create a 360 feedback survey with tools such as Effy. The platform saves time and removes the need for manual processes.
What are the best three 360 review software?
There are many great 360-review software available. However, here are the top three to consider.
Effy: Effy is a great 360-review software that helps HR managers automate the process of review collation. Also, the survey templates are engaging and easy to use at all levels.
Leapsome: Leapsome is another 360-review software equipped with powerful analytics to measure employee performance across key skills, whether company-wide skills, team skills or project-specific skills.
What is the best free 360 review tool?
Effy stands out as one of the best 360 review software that takes out the hassles of manual review and feedback systems. With an efficient tool like Effy, management will be better positioned to set realistic goals for employees, track progress, gain insights and make informed decisions about recruitment and HR management.