360-degree feedback is a good way for organizations to measure an employees' strength and weaknesses, that contribute to their overall development.

Managing this process independently can be challenging, which is why we've curated a list of tools with essential features that will collect and manage all that feedback, and collate them into useful insights effortlessly.

Choosing the right 360 feedback tool can maximize the effectiveness of your 360-degree performance reviews. Here are a few key aspects to consider when selecting a tool:

1. Customizability: Ensure the platform allows you to customize questions, rating scales, and feedback categories to meet your specific requirements.
2. User Experience: Opt for a platform that offers a free trial so you can assess its ease of use. A user-friendly interface is critical for ensuring that participants can navigate the platform effortlessly.
3. Reports and Analytics: The tool should include a robust reporting system that provides comprehensive analytics, customizable dashboards, trend analyses, and text insights. These features are invaluable for informed decision-making and developing personalized development plans.
4. Data Security: Choose a platform that adheres to stringent data security protocols and compliance requirements to protect sensitive company information. Features like role-based access controls are essential for maintaining the anonymity and confidentiality of survey responses, as well as company data
5. Integration Options: The tool should seamlessly integrate with existing HRIS systems, including talent management and learning management systems, to streamline workflows and enhance efficiency.

Choosing a 360 degree feedback tool is a big decision. No doubt about that. So to persuade you a bit more and to put your mind at ease, here are some of the benefits you get when you incorporate a 360 degree feedback tool into your enterprise.

1. Holistic Performance Insights

‍360-degree feedback gives a comprehensive view of an employee's performance by including feedback from peers, managers, and direct reports. This approach reveals an employee's strengths and areas for improvement from multiple angles, offering a richer insight than traditional top-down evaluations. It enables targeted training and development, fostering a culture of ongoing growth.

2. Boosts Self-Awareness

‍Employees gain deeper self-awareness through feedback from various sources, helping them see how their actions impact others. This awareness prompts personal development, allowing individuals to leverage their strengths and address their weaknesses.

3. Fosters Empathy and Collaboration

This feedback method enriches workplace empathy and teamwork by sharing diverse perspectives and experiences. Understanding challenges faced by colleagues cultivates a supportive environment, enhancing empathy, respect, and inclusivity, which in turn promotes effective collaboration and problem-solving.

4. Personalized Skill Development

With 360-degree feedback, organizations can pinpoint specific skill gaps and competencies needing enhancement, leading to tailored development plans. This focused approach accelerates skill acquisition, boosting employee morale and performance as they see tangible progress.

5. Cultivates Accountability

The knowledge that feedback comes from multiple sources motivates employees to uphold their responsibilities and adhere to company standards. This heightened sense of accountability improves work ethic, punctuality, and adherence to policies, driving continuous improvement and enhancing overall productivity and effectiveness.

There are tons and tons of 360 feedback tools available on the market, and new ones keep popping up as well. So we have made your job a teeny bit easier by shortlisting the top 10 of them.

Here's a brief overview of the list of tools, and then we'll have a closer look at each of them in detail.

ThriveSparrow is a comprehensive employee success platform that helps HR and people leaders like you enhance employee engagement, facilitate peer-recognition, and drive performance.

ThriveSparrow equips you with an advanced 360 assessment toolkit, enabling comprehensive feedback through 360, 180, and 90-degree evaluations. This feature not only simplifies the process of annual 360-performance appraisals but also enriches them with detailed, actionable insights. Moreover, the platform's AI-Based PDPs assists managers with creating personal development plans for their teams quickly and efficiently.

Best Features

• Trend Charts: ThriveSparrow paints a crystal-clear view of employee and team performance across departments and key competencies.‍
• GAP Analysis: Utilize GAP Analysis to pinpoint both strengths and areas for improvement, facilitating targeted developmental strategies for teams and individuals alike.‍
• Competency Summary: Leverage Competency Summaries to compare self-evaluations with peer evaluations, fostering a culture of self-awareness and continuous improvement.‍
• Recognize Outstanding Performance: Provide your employees with a platform to appreciate and celebrate those who complete their OKRs and accomplish great tasks. The Kudos points (appreciation points) can be accumulated and redeemed for rewards later. ‍
• Dynamic heatmaps: Heatmaps helps managers visualize department-wise engagement levels helping guide their efforts to enhance engagement.‍
• Engagement Surveys: Create and share engagement as well as pulse and satisfaction surveys with the help of research-backed question banks in under 2 minutes.‍
• AI-Based PDPs: ThriveSparrow's AI-based PDPs simplify the creation of personalized development plans for each employee, saving managers time and effort.

Pricing

ThriveSparrow offers a 14-day free trial to use the platform to your heart's content.

It has 3 plans billed annually,

Engage: Drive employee engagement with employee engagement surveys, heatmaps, and more. Starts from $3/month/employee.

Kudos: Recognize, reward, and inspire your team from anywhere. Give incentives to drive performance and boost morale. Starts from $2/month/employee.

Performance: Conduct 360-degree feedback and get data-driven insights and AI-based personal development plans based on every individual's performance report. Starts at $5/month/employee.

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Primalogik allows you to compare different manager's rating styles and view their highest and lowest scores for all appraisals. This doesn't just work for managers; you can easily identify bias for other respondents with the Assessment Bias Report.

Automatic Reminder nudges participants to submit feedback before the deadline, so you don't have to, and you can focus your attention to other areas where it matters most.

Valuable Features

• 360-degree feedback: Gather comprehensive feedback from all levels within the organization to gain a holistic view of employee performance.
• Customizable process: The platform offers flexibility in creating questionnaires, selecting rating scales, and choosing anonymity levels to suit organizational needs.
• Professional growth support: Build effective development plans based on feedback, tracking progress over time.
• Efficient feedback management: Streamline the feedback process with tools for launching surveys, customizing emails, and tracking real-time participation.

Pricing

Primalogik requires a minimum subscription of 3 months and has scalable pricing plan. Its plan for 1 user starts at $159/month. The price for 100 users starts at $499/month.

QuestionPro is a versatile 360-degree feedback tool with several survey features. In addition to performance evaluations, QuestionPro lets you develop surveys for market research and client feedback, along with customizable 360-degree feedback questionnaires.

QuestionPro collects real-time data, giving firms quick employee performance insights. Integration options enable data transfer between platforms. QuestionPro's scalability and versatility make it a top choice for firms wanting a comprehensive feedback tool beyond performance reviews.

Key Features

• Customizable surveys: Easily set up flexible surveys with customizable workflows to request feedback from both internal and external sources.
• Responsive respondent portal: Streamline the evaluation process, track survey responses, and manage participant reminders efficiently.
• Custom Branding: Make your brand stand out throughout the feedback process, from survey design to reports.
• Dynamic Reporting: Gain actionable insights with easy-to-understand reports highlighting strengths and areas for improvement.

Pricing

QuestionPro offers 4 pricing plans billed annually,

Essentials: This is a free plan for a single user

Advanced: $99/user/month

Team edition: $83/user/month

Research edition: Custom pricing

Trakstar is a talent management platform that combines four complementary products into one solution. With Trakstar, you can build your own rating scales, templates, and development plans, and you can schedule your 360 reviews when you need to.

After you conduct 360-degree feedback, you can use Trakstar's performance management software for succession planning, training, and upskilling, making it one of the most versatile 360-feedback tools in the market.

Best Features

• Flexible review process: Customize the 360-degree review process the way you want, and align it with your organization's culture and objectives.
• ‍Modern interface and control: Managers have full control over feedback sharing, enhancing the review experience with Trakstar's user-friendly interface.‍
• Automated feedback collection: Automated surveys and questionnaire makes it easier to gather and facilitate employee development.‍
• Holistic employee assessment: Gain a complete picture of employee performance that eliminates bias and helps identify top performers and improvement areas.

Pricing

Trakstar hasn't included its pricing on the site. You'll have to request them for a price.

15Five is a performance management platform that offers modern, holistic reviews embraced by both managers and employees. You can set up your review cycle in less than 15 minutes and integrate with various HRIS to automate data management.

15Five's proprietary calibrations algorithm helps reduce bias and create a consistent measure of performance for each employee. Moreover, AI-Assisted Reviews can help your managers get objective, data-backed feedback in seconds.

Most Valuable Features

• Insightful reporting: Access easy-to-use reports evaluating performance ratings by demographics, departments, and competencies.
• HRIS and productivity integrations: Seamlessly integrate with major HRIS systems and productivity apps like Slack, ensuring efficient data synchronization and performance tracking.
• Multi-dimensional feedback collection: Gather feedback from various sources to develop a fair and holistic measure of performance.
• Performance reporting and tracking: Access insights to act on factors influencing engagement, performance, and retention with ease.

Pricing

15Five offers 3 pricing plans. Billed annually, here's the breakdown.

Engage: $4/user/month

Perform: $10/user/month

Total Platform: Includes both module along with the HR Outcomes dashboard. $16/user/month

Leapsome is a people enablement platform known for providing meaningful and growth-focused 360-degree performance reviews that are easy to set up and beneficial for everyone involved.

Apart from just automating performance reviews, Leapsome automatically triggers probation reviews, and reminds participants to complete their reviews, so you don't have to nudge them yourself.

Additionally, its performance management tools, including goal tracking, competency assessments, and real-time feedback, support continuous improvement.

Businesses seeking to streamline their talent management processes often choose Leapsome because it consolidates various HR functions into a single platform.

Best Features

• Customizable review builder: Tailor your performance reviews using best-practice templates or fully customized settings to align with your organizational goals.
• Automated review cycles: Save time with automated, recurring review cycles and employee data-triggered reviews, ensuring consistent and timely feedback.
• Skill profiles for growth: Define and track key skills and competencies across the company, aiding in talent development and effective resource allocation.
• Contextualized, unbiased reviews: Utilize past feedback and performance data to provide managers with comprehensive insights for fair and developmental reviews.

Pricing

Leapsome hasn't disclosed their pricing, so you'll have to contact them for a custom quote.

Qualtrics, a prominent experience management tool, offers a prominent 360-degree feedback tool to its users. It automatically aggregates 360-degree feedback into personalized subject reports, giving you insights tailored to each employee and their job function.

Out-of-the-box development framework lets you jumpstart your development program with pre-defined core competencies in place.

In-depth data analysis and intelligent survey design make Qualtrics a top choice for organizations seeking complete feedback solutions.

Key Features

• Automated, personalized feedback: Aggregate 360 feedback into personalized reports, providing relevant insights tailored to each employee's role and development plan.
• Customizable development programs: Create flexible workflows and personalized reports that fit your organization’s unique needs, culture, and values.
• Action-linked learning resources: Connect feedback with learning resources, including LMS courseware and LinkedIn Learning, for immediate development action.
• Comprehensive dashboard and analytics: Access a centralized dashboard to identify development opportunities and track employee progress with real-time analytics.

Pricing

Qualtrics doesn't have a pricing plan, so you'll have to book a demo with the Sales team and ask them for a custom plan.

Culture Amp is an employee experience platform that promotes positive workplace environments. Culture Amp's customizable surveys use industry-best templates. Businesses can track interaction trends and improve with real-time feedback from the platform.

Businesses that value employee well-being and happiness choose CultureAmp for its comprehensive feedback solutions and focus on positive workplace cultures.

Most Valuable Features

• Equitable process design: Utilize science-backed templates to create a fair and unbiased performance management process for all employees.
• Comprehensive feedback tools: Leverage machine-learning powered tools for easy, ongoing, multi-source feedback, including 360° reviews.
• Holistic organizational view: Gain insights into company-wide performance, identify focus areas, and take action based on comprehensive data.
• Integration with engagement insights: Connect performance management with engagement and development insights, unlocking the full potential of your team.

Pricing

Culture Amp has 3 pricing plans that require a custom quote. We recommend choosing the 'Perform' plan to get the Culture Amp's performance management and feedback features.

Alchemer is a versatile survey and feedback platform for corporate applications, including 360-degree feedback ratings. It lets firms construct extensive and personalized feedback questionnaires with its many survey question types.

Real-time data visualization and analysis help organizations make decisions with the platform's reporting. Alchemer integrates with various business solutions for easy data sharing. Its focus on survey customization and data analysis makes it a good alternative for firms seeking customized 360-degree feedback solutions.

Best Features

• Customizable surveys for every need: Design and deliver powerful, custom surveys for various departments and purposes, ensuring relevant feedback collection.
• Lifecycle feedback collection: Trigger targeted surveys at key moments in the employee journey, from candidate experience to offboarding.
• Automated response actions: Set up automated notifications and actions based on survey responses for efficient follow-up.
• In-Depth insights and reporting: Identify trends and share results with advanced reporting tools, offering real-time data segmentation and visualization.

Pricing

Alchemer offers a free trial along with 4 pricing plans,

Collaborator: $55/user/month

Professional: $165/user/month

Full Access: $275/user/month

Business Platform: Request a demo

And That's a Wrap

Incorporating a 360-degree feedback tool offers benefits such as a holistic perspective on performance, enhanced self-awareness, fostering empathy and cooperation, customized skill development plans, and creating an accountability culture. It's a timeless investment in improving employee development and organizational growth.

We hope this article helped you make an informed decision in choosing the right 360 feedback tool for your organization.