Trakstar vs Profit.co

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Our analysts compared Trakstar 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.

Trakstar Software Tool

Product Basics

Trakstar is a comprehensive software solution designed to streamline performance management processes for organizations. It is particularly well-suited for businesses seeking to enhance employee performance through regular feedback, goal setting, and performance appraisals. One of the key benefits of Trakstar is its ability to facilitate continuous performance monitoring, allowing managers to identify and address issues promptly. The software is renowned for its user-friendly interface and features such as 360-degree feedback, self-assessments, and customizable appraisal forms, which collectively contribute to a more engaged and motivated workforce. When compared to similar products, users often highlight Trakstar's robust analytics and reporting tools that provide valuable insights into team performance, aiding strategic decision-making. Pricing for Trakstar typically varies based on the size of the organization and the specific features required, with payment options usually structured on a per-user, per-month basis, making it a scalable choice for businesses of different sizes.
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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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$4,370 Annually, Quote-Based
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Tailored to your specific needs
$7/User, Monthly
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Tailored to your specific needs
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Product Assistance

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Product Insights

  • Boost Efficiency: Consolidate all performance evaluation functionalities in a single place to boost efficiency. The system allows HR managers to complete performance review tasks in one place, saving them time to focus on other HR tasks that cannot be automated. 
  • Automate Process: Complete a variety of tasks with little effort from managers with the fully automated system. It streamlines the whole review process, reminding managers when to conduct a review. It automatically tracks goal progress. 
  • Reduce Bias: Help managers provide a holistic analysis of employee performance with accurate and unbiased data. 
  • Manage Employee Performance: Manage performance expectations, set and prioritize organizational goals and encourage real-time, unbiased feedback between the employees and managers. This helps users to measure employee performance with respect to the corporate objectives. 
  • Track Performance Reviews: Keep track of employee performance reviews, customize rating scales, competencies, questions to highlight the strengths of high-performing employees and equip them with the tools to perform better. 
  • Increase Employee Engagement:  Provide frequent feedback, conduct regular check-in meetings and recognize employee contributions towards the organization. Recognizing employees’ efforts help boost employee satisfaction, increases workforce productivity and aids in employee engagement and retention. 
  • Real-Time Dashboards:  Create real-time dashboards, drill-down into the specifics to unearth hidden trends and insights and segment results by groups or time period. It helps users to get a detailed view of the data and make smart, data-driven organizational decisions. 
  • Discover Future Leaders:  Discover future leaders with the ability to assess the entire workforce based on qualitative criteria such as the ability to lead, aspirations and long-term goals and engagement with the organization. With the essential training and mentorship, it’s easier for higher management to conduct succession planning with the existing staff. 
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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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  • Goal Management: Automate goal setting and online goal tracking to help managers set objectives that align with broader company targets. Both managers and employees can track progress towards achieving goals and can choose to receive email reminders of goal deadlines. 
  • Performance Evaluation: Managers can assess employee performance with evaluation tools. These tools include self-evaluation, performance review, 360-degree feedback and performance ranking report. It ensures the performance scoring is unbiased and objective with the rater bias report. 
  • Succession Management: Compare current employee performance to the potential performance to assist with future workforce planning and career development. It collects feedback and generates reports to provide managers with insights into workforce planning. 
  • Applicant Tracking System (ATS):  Recruiters can post jobs on social networking sites, job boards, career portals and the company’s website. The system can automate onboarding and exit management by providing e-signature capabilities. 
  • Reporting and Analytics: Real-time reporting and analytics provide managers with insights into employee performance to identify top performers. Users can run reports to assess performance history, performance ranking and other performance-based reports. 
  • Integration: The system integrates with a variety of other third-party solutions such as MS Office and G Suite. 
  • Configurable Workflows:  Users can define the business rules related to compensation models, compensation workflows, leave plans and benefits-related plans. Administrators can also set permission-based access levels for all types of users, including employees.  
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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

#20

among all
Performance Management Systems

#125

among all
Performance Management Systems

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Analyst Rating Summary

67
79
33
83
100
69
0
20
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360 Degree Performance Review
Employee Surveys
Platform Capabilities
Goal Management
Review and Feedback Management
Integrations and Extensibility

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Trakstar
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 33 100 0 57 80 36 100 68 63 80 84 75 83 69 20 57 80 36 83 95 75 100 92 63 0 25 50 75 100
33%
0%
67%
83%
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17%
100%
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67%
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33%
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100%
20%
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80%
55%
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45%
55%
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45%
80%
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20%
80%
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20%
14%
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86%
14%
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86%
100%
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83%
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17%
68%
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32%
95%
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37%
75%
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31%
100%
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85%
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15%
92%
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8%
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63%
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37%

Analyst Ratings for Technical Requirements Customize This Data Customize This Data

62%
0%
38%
85%
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15%

User Sentiment Summary

Great User Sentiment 715 reviews
Excellent User Sentiment 271 reviews
89%
of users recommend this product

Trakstar has a 'great' User Satisfaction Rating of 89% when considering 715 user reviews from 5 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.

5.0 (11)
n/a
4.3 (130)
n/a
4.5 (280)
4.85 (130)
4.4 (285)
4.9 (141)
4.0 (9)
n/a

Awards

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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

Performance Management: The solution has excellent performance management capabilities, according to 100% of users. It enables users to apply company-wide performance metrics and accumulate a history of appraisals over time to precisely measure and track employee performance.
Customer Support: According to 79% of users who reviewed this pro, the customer support representatives are knowledgeable, dedicated and responsive to user queries. The representatives show genuine interest in understanding customer problems.
Usability: About 89% of users who mentioned this pro said the solution is easy to use. It’s straightforward and offers immense flexibility. The layout is clean and easy to maneuver around.
Training: Regarding this feature, approximately 100% of users said that it provides excellent training options such as webinars, videos and guides for novice users.
Customization: According to 85% of users who reviewed this, it provides advanced customization capabilities. It enables users to customize the performance appraisal cycle, workflows and review forms.
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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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Calibration: The calibration feature is often seen as cumbersome and time-consuming, particularly for larger organizations with complex hierarchies. Users have expressed frustration with the manual effort required to ensure accurate calibration across different teams and departments.
Goal Management: Setting and tracking goals in Trakstar can feel rigid and inflexible to some users. The system's structure may not easily accommodate the dynamic nature of goals in certain industries or roles, leading to challenges in aligning individual and organizational objectives.
User Interface: The user interface of Trakstar has been described as outdated and clunky by some users. Navigating through the platform and finding specific information can be a slow and inefficient process, impacting user adoption and overall satisfaction.
Integrations: While Trakstar offers some integrations with other HR and business systems, the options may be limited for certain users. The lack of seamless integration with essential tools can create data silos and hinder workflow efficiency.
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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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The solution is straightforward to use and offers advanced customization options to cater to dynamic user requirements. It allows users to customize the performance appraisal cycle, workflows and review forms. It enables users to send persistent notifications and reminders to the employees to remind them to take specific actions. The appraisal reports make it easier for the users to follow-up with the employees to ensure they complete appraisals on time. Users can leverage reports to track performance history and performance ratings. It has a responsive customer support team that responds within 24 hours. On the other hand, some users feel the solution lacks advanced reporting capabilities to generate custom reports.

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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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Screenshots

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