Lattice vs Profit.co

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Our analysts compared Lattice vs Profit.co based on data from our 400+ point analysis of Performance Management Systems, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Lattice is an end-to-end cloud-based performance management platform. It automates performance reviews, optimizes goal management and facilitates regularly scheduled performance-related communications. It leverages analytics and reporting capabilities to produce actionable insights that can be used to enhance performance management processes. It also provides customization options so users can tailor their performance management processes to satisfy their business requirements.
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Profit.co is a web-based performance management platform, also available for on-premise deployment. It focuses on talent advancement with OKRs, progress evaluations and employee check-ins with customizable workflows for project execution and task management. It provides pulse surveys, meetings, awards and recognition to improve employee engagement and workplace experience.
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$11/User, Monthly
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$7/User, Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Build a Feedback Culture: The Lattice platform is designed to facilitate a feedback culture with features that open lines of communication and schedule regular conversations. From automation capabilities to integrations to other applications, Lattice ensures that feedback becomes a part of your workflow. 
  • Reinforce Cultural Strength and Alignment: Lattice incorporates company values into the performance management process to help reinforce cultural strength and alignment. This can encourage employees to associate their personal achievements with the success of the entire company.  
  • Stay Engaged: Lattice is designed to ensure that your performance management efforts won’t fall through the cracks. Automated performance reviews, visible goals, integrations to other applications and other system features help users remember what they need to do and when. 
  • Develop Actionable Insights: With goal management and OKRs, Lattice helps users identify actionable insights so they can set realistic but ambitious goals and create a plan for accomplishing them. The data provides users with a clear understanding of what’s possible and how individual achievements will impact the company as a whole.  
  • Flexibility: The Lattice platform is designed to adapt to users’ needs with each feature providing a variety of options which allows users to personalize their performance management processes. 
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  • Enhanced Performance Tracking: Profit.co enables businesses to monitor employee performance in real-time, allowing for immediate recognition of achievements and swift identification of areas needing improvement.
  • Goal Alignment: It ensures that individual objectives are aligned with the company's strategic goals, fostering a unified direction and maximizing organizational synergy.
  • Streamlined Feedback Process: The software simplifies the feedback loop, making it easier for managers to provide constructive feedback and for employees to act on it, thereby fostering a culture of continuous improvement.
  • Increased Employee Engagement: By involving employees in the goal-setting process and providing clear metrics for success, Profit.co boosts motivation and engagement, leading to higher productivity levels.
  • Objective Performance Assessments: The platform's data-driven approach to performance management minimizes biases, ensuring fair and objective evaluations of employee performance.
  • Customizable Performance Reviews: Profit.co offers flexible review templates that can be tailored to meet the specific needs of different teams or departments, ensuring relevance and effectiveness.
  • Efficient Task Management: With its task management features, the software helps teams prioritize tasks, track progress, and meet deadlines, enhancing overall productivity.
  • Strategic Decision Making: The insights generated by Profit.co empower leaders to make informed strategic decisions, optimizing resource allocation and driving business growth.
  • Improved Communication: By centralizing performance data and goals, the platform facilitates better communication among team members, ensuring everyone is on the same page.
  • Robust Analytics and Reporting: Profit.co provides comprehensive analytics and reporting tools, offering deep insights into performance trends and helping identify opportunities for improvement.
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  • Performance Reviews: Whether you prefer a quarterly or annual review cycle, Lattice can adapt to your processes. The system offers 360 feedback and self, manager and direct report feedback. It offers project-based reviews and automated reviews. Users can choose to customize their reviews or use expert templates. 
  • 1:1 Meetings: With Lattice 1:1 meetings, employees and managers have weekly meetings that can be set at a custom cadence and changed whenever needed. The meetings follow a predetermined agenda that the managers and employees put together beforehand. During the meeting Lattice asks users to take notes on the key points and next steps which they’ll follow up on afterwards. Managers have access to a Team Dashboard which displays their upcoming meetings. 
  • Employee Recognition: Lattice emphasizes the importance of praise and recognition in employee development with this feature. The public praise wall allows users to celebrate accomplishments across the entire company. The system prompts the user to ask which company values the employee displayed. A praise Slack channel brings feedback into the flow of work. 
  • Goals and OKRs: Goals are integrated into workflows so they’re always visible, helping users to keep goals at the front of their mind. The analytics and reporting capabilities help goals become actionable insights.  
  • Feedback: Integratable with Slack, Lattice Mobile and your email provider, the system makes feedback capabilities easily accessible. In addition, feedback is kept in one central location so users can review historical feedback. 
  • Updates: The updates feature sends employees a weekly questionnaire which checks in with their work progress, how they’re feeling and what they may need help with. The questionnaires can be customized and scheduled to come out whenever you so choose. Public updates are intended for a company-wide check-in while private updates are for checking in with how your team is doing.  
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  • Meeting Support: Conduct one-on-one and team meetings to check progress and address issues with editable agendas. Avoid scheduling conflicts by comparing availability, assigning users and automating recurring meetings. 
  • Recognition Scoreboards: Drive healthy competition with leaderboards to display rewards, badges and points. Reward top performers and improve engagement by posting comments and congratulating peers for work accomplishments. 
  • Performance Reviews: Generate 360-degree assessments with self-evaluation tests, manager evaluations and peer reviews. Assign secondary reviewers, performance scores and manager ratings to eliminate subjectivity. 
  • Goals Management: Add OKRs to projects with preset visibility, target dates and performance indicators to measure productivity. Review departmental heat maps and progress percentages to track ongoing progress and goals alignment. 
  • Activity Tracking: Manage boards containing lists to streamline tasks. Let team members move assigned cards through different queues to change activity status. 
  • Multi-Device Compatibility: View dashboards, monitor updates and receive alerts on mobile devices. Display performance data on desktops, TV screens and tablets during meetings. 
  • Integrations: Bundle with productivity apps, office tools and communication platforms. Integrate existing HRIS with single sign-in authentication and run multiple platforms with full context. 
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Product Ranking

#45

among all
Performance Management Systems

#125

among all
Performance Management Systems

Find out who the leaders are

Analyst Rating Summary

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1-on-1s
360 Degree Performance Review
Employee Check-ins Management
Employee Surveys
Goal Management
Platform Capabilities
Goal Management
Review and Feedback Management
Integrations and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Lattice
Profit.co
+ Add Product + Add Product
1-on-1s 360 Degree Performance Review AI-based Capabilities Dashboard And Reporting Employee Check-ins Management Employee Recognition Employee Surveys Goal Management Mobile Capabilities Platform Capabilities Review And Feedback Management Talent Management 100 100 20 66 100 43 100 100 88 94 100 88 83 69 20 57 80 36 83 95 75 100 92 63 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

69%
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User Sentiment Summary

Excellent User Sentiment 4105 reviews
Excellent User Sentiment 271 reviews
93%
of users recommend this product

Lattice has a 'excellent' User Satisfaction Rating of 93% when considering 4105 user reviews from 4 recognized software review sites.

98%
of users recommend this product

Profit.co has a 'excellent' User Satisfaction Rating of 98% when considering 271 user reviews from 2 recognized software review sites.

4.7 (3815)
n/a
4.5 (122)
4.85 (130)
n/a
4.9 (141)
4.5 (31)
n/a
4.1 (137)
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Awards

SelectHub research analysts have evaluated Lattice and concluded it earns best-in-class honors for 1-on-1s, Employee Check-ins Management, Goal Management and Review and Feedback Management. Lattice stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
1-on-1s Award
Employee Check-ins Management Award
Goal Management Award
Review and Feedback Management Award

SelectHub research analysts have evaluated Profit.co and concluded it earns best-in-class honors for Platform Capabilities. Profit.co stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Platform Capabilities Award

Synopsis of User Ratings and Reviews

Goal Alignment: Lattice helps ensure individual employee goals are aligned with broader company objectives, promoting a sense of shared purpose and direction.
Feedback: Lattice facilitates regular feedback exchanges, enabling employees to receive timely input on their performance and make necessary adjustments.
Growth & Development: Lattice supports employee growth by providing tools for setting development goals, tracking progress, and identifying areas for improvement.
Performance Reviews: Lattice streamlines the performance review process, making it more efficient and less time-consuming for both managers and employees.
Recognition & Rewards: Lattice enables managers and peers to recognize and reward employees for their contributions, boosting morale and motivation.
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Balanced Approach: Profit.co offers a balanced approach to performance management, combining traditional performance reviews with continuous feedback and development. This allows for a more holistic view of employee performance and helps to identify areas where employees need support.
Goal Management: The platform provides robust goal management features, allowing users to set, track, and manage goals at individual, team, and organizational levels. This helps to ensure that everyone is working towards the same objectives and that progress is being made.
Customizable: Profit.co is highly customizable, allowing organizations to tailor the platform to their specific needs. This includes the ability to create custom performance review templates, set up different goal types, and configure workflows to match existing processes.
User-Friendly Interface: The platform has a user-friendly interface that is easy to navigate and use. This makes it easy for employees and managers to adopt the platform and get the most out of its features.
Integrations: Profit.co integrates with a variety of other business applications, such as HRIS, payroll, and learning management systems. This helps to streamline processes and improve data accuracy.
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Limited Customization: Lattice's pre-built templates and workflows might not be suitable for organizations with unique performance management processes or industry-specific requirements, potentially leading to a mismatch between the platform's capabilities and the company's needs.
Learning Curve: Some users have reported that Lattice has a steep learning curve, particularly for administrators and managers who need to configure the platform, create performance reviews, and navigate the various features. This can lead to frustration and a slower adoption rate within the organization.
Integrations: While Lattice offers integrations with popular HR and productivity tools, the depth and functionality of these integrations may vary. Users might encounter limitations or challenges when trying to connect Lattice with their existing HR ecosystem, potentially hindering data flow and process automation.
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Steep Learning Curve: The platform's extensive features and functionalities can overwhelm new users, leading to a prolonged onboarding process and potential frustration.
Customization Challenges: Profit.co's emphasis on OKRs might not align well with organizations seeking a more flexible performance management system.
Integrations: Profit.co's integrations with other HR and business tools may be limited compared to other performance management platforms, potentially hindering seamless data flow and workflow automation.
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Lattice has carved out a unique space for itself in the performance management software market. Users frequently highlight its user-friendly interface and intuitive design as standout features, making it easy for both employees and managers to navigate the platform and complete tasks efficiently. The platform's emphasis on continuous feedback and goal alignment resonates with many users, fostering a culture of open communication and development within organizations. Lattice's strengths lie in its ability to streamline performance reviews, facilitate regular check-ins, and track goals effectively, promoting transparency and alignment between employees and managers. However, some users note that Lattice's customization options can be limited, particularly for larger organizations with complex performance management needs. Integrating Lattice with existing HR systems can also present challenges for some users. Despite these limitations, Lattice is often seen as a strong competitor to BambooHR and Namely, offering a more comprehensive performance management solution with a focus on employee development and engagement. Lattice's emphasis on continuous feedback and goal-oriented performance management makes it particularly well-suited for organizations that prioritize employee growth and development, fostering a culture of feedback and improvement.

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Profit.co appears to be a popular choice among businesses seeking a comprehensive platform to manage OKRs, employee engagement, and performance reviews. Users frequently highlight its user-friendly interface and intuitive design, making it easy for both administrators and employees to navigate and utilize its features effectively. The platform's flexibility is also a significant advantage, as it allows for customization to align with specific organizational structures and workflows. Profit.co's ability to integrate with various third-party applications, such as HRIS and project management tools, further enhances its value proposition by streamlining data flow and reducing manual effort. While Profit.co receives positive feedback for its core functionalities, some users note that certain advanced features, such as reporting and analytics, could benefit from further development to provide more in-depth insights and data visualization options. Additionally, while the platform offers a mobile app, its functionality is somewhat limited compared to the web-based version, which may pose challenges for users who require on-the-go access. Profit.co's emphasis on OKR management, coupled with its performance review and employee engagement modules, positions it as a suitable solution for organizations that prioritize goal alignment, continuous feedback, and performance improvement. Its scalability and customizability make it adaptable to businesses of varying sizes and industries, particularly those seeking a holistic approach to performance management that fosters transparency and accountability.

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