Performance Management Software

Get the best performance management software for your business. Compare product reviews, pricing below. Read our buyer’s guide for more help.

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BambooHR Screenshot

BambooHR

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BambooHR® performance appraisal software cuts to the heart of effective performance management, using a few brief questions that encourage action while limiting subjectivity and speculation. This results in higher engagement, more accurate reflection…
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Starting Price
$6.19/employee/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Lattice Screenshot

Lattice

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Lattice offers performance management that lets you reflect on individual performance and get formal feedback from peers and managers. This includes collaborative agendas and action items with Goals, Feedback, and Growth Plans integrated with one…
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Starting Price
$9/employee/month
Client OS
Web
Deployment
Cloud Hosted
Hibob Screenshot

Hibob

Hibob performance management helps HR conduct performance reviews. Collect performance reviews from every angle: self, manager, peers, and direct reports. This is accomplished by bringing out the best in your people and keeping everyone aligned…
Client OS
Web
Deployment
Cloud Hosted
Trakstar Screenshot

Trakstar

Trakstar helps motivate and engage employees with performance management software that focuses on people and not paperwork. The solution includes unlimited online performance reviews, smart automated workflows, and notifications—leading to an engage…
Client OS
Web
Deployment
Cloud Hosted
Culture Amp Screenshot

Culture Amp

Culture Amp helps deliver better performance management experiences with continuous feedback, goal tracking, and flexible performance reviews. The solution allows you to collect feedback from the right people when needed, reduces bias with templates…
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Starting Price
$11/employee/month
Client OS
Web
Deployment
Cloud Hosted
SAP SuccessFactors Screenshot

SAP SuccessFactors

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SAP SuccessFactors includes solutions for recruiting, onboarding, learning, performance management, compensation, and more. This helps stay on top of fluctuating talent needs and optimizes performance, recognition, learning, and development…
Client OS
Web
Deployment
Cloud Hosted
15Five Screenshot

15Five

15Five is a continuous performance management software that generates high levels of performance by tapping into your employees. Your HR department and People Ops leaers will be able to create a company culture that lets your employees become the most…
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Starting Price
$7/employee/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Engagedly Screenshot

Engagedly

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Engagedly is an employee performance management software that enables people, drives engagement, and develops your personnel. The solution provides a form of continuous performance management through reviews and competency assessments—letting you set and…
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Namely Screenshot

Namely

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Namely offers talent management that helps connect, engage, and develop your workforce. Simplify assessment cycles with intuitive and configurable performance forms. Manage and track goals from the company level down to every employee. Access feedba…
Client OS
Web
Deployment
Cloud Hosted
ClearCompany Screenshot

ClearCompany

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ClearCompany is a complete HRMS with performance management customized for your company. The solution achieves better goal alignment, increases employee engagement, and gains tangible insights into your workforce. By seamlessly designing and automati…
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Clear Review Screenshot

Clear Review

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Clear Review is a performance management software that aligns and engages the workforce with clear goals and deliverables, structured conversations, and real-time feedback and surveys. The software aims to keep employees engaged to improve their…
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Starting Price
$4,650/year
Client OS
Web
Deployment
Cloud Hosted
Paycom Screenshot

Paycom

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(5)
Complete employee assessments with consistency, efficiency, and less burden using Paycom. The software aligns the goals of your workforce with the goals of your organizaation and empowers you workforce to complete self-reviews, manager reviews, and…
Client OS
Mac, Web, iOS, Android
Deployment
Cloud Hosted
Leapsome Screenshot

Leapsome

Leapsome is a performance management and employee engagement software with personalized learning capabilities. The software enables managers by providing the tools needed to lead their team effectively. This in turn creates a sense of belonging in your…
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Starting Price
$7/user/month
Client OS
Web
Deployment
Cloud Hosted
Reviewsnap Screenshot

Reviewsnap

Reviewsnap is a performance management software providing an all-in-one system that automated the performance review process. For HR administrators, this automated system helps automate and route your data where you need it to be through an easy-to-use…
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Starting Price
$3,040/year
Client OS
Web
Deployment
Cloud Hosted
Humi Screenshot

Humi

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Humi has a seamless performance management system that is fitted with notifcations and email reminders. Employees are accountable for performance assessment tasks so you can grow your team and boost employee engagement. Keep a pulse on your team by…
Client OS
Web
Deployment
Cloud Hosted
Kissflow HR Cloud Screenshot

Kissflow HR Cloud

Kissflow Process provides a 360-degree view of employee performance metrics that matter (timeliness, work efficiency, and other KPIs) from your dashboard. Collect, measure, and manage employee performance data to spot performance gaps, identify top…
Client OS
Deployment
Cloud Hosted
PERFORMview Screenshot

PERFORMview

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PERFORMview is a cloud-based performance review software that drives improved employee engagement and performance for managers and their teams. The software changes the way you run your performance reviews by giving a faster and easier way for your…
Client OS
Web
Deployment
Cloud Hosted
UltiPro Screenshot

UltiPro

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(2)
UltiPro Performance Management helps achieve stronger talent retention and better business results for your organization. This intuitive and configurable talent management solution will transform time-consuming yearly performance appraisals into an…
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
Sage HR Screenshot

Sage HR

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Sage HR (formerly CakeHR) sets goals/OKRs, provides 360 feedback, handles 1-to-1 meetings, creates surveys, manages quick feedback, and more. The performance management module gets the most out of your talent by providing exceptional contributions…
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Starting Price
$5.50/user/month
Client OS
Web, iOS, Android
Deployment
Cloud Hosted
CompLogix Compensation Management Screenshot

CompLogix Compensation Management

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CompLogix Performance Management provides intuitive performance reviews for more engaged employees. By incentivizing and engaging your employees, review processes can be shortened and goals can be more easily attainable while fostering better engagem…
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Starting Price
$15,000/year
Client OS
Web
Deployment
Cloud Hosted

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Performance Management Software Buyer’s Guide

What is Performance Management Software?

Performance management software tracks, analyzes, and evaluates the performance of your employees to ensure individuals and teams are engaged and on-track with organizational goals. By coordinating and collection performance reviews, these performance management systems help train managers and employees by letting companies better understand employee performance and productivity.

Performance management software can sometimes be referred to as a talent management system, which is a specific type of human resource software. Managers can collect data on their people in many different ways, but will primarily use this software to better align their employees with organizational goals set by upper management. The most productive employees that consistently meet their goals can be awarded for quality work, and feedback can be provided for those who do not.

For employees, a performance management solution can help inform management of how beneficial of a team member you’ve been–which can influence compensation, career trajectory, company goals, and even streamline hiring decisions. This can be through annual performance reviews or through self-assessment tools where employees can set individual goals.

Employee performance management software can be considered a subset of human resource software. It provides a more advanced approach to what might be offered as a basic performance management functionality found in a more integrated program. These programs are best used by HR teams who are utilizing other finite HR software options, such as applicant tracking software, and onboarding software.

ClearCompany Employee Performance Management Software
Set goals for employees in ClearCompany.

What Are The Features of Performance Management Software?

  • 360-Degree Feedback: Provide employees with confidential and anonymous feedback from their colleagues, subordinates, and supervisors. Multi-layer feedback can be passed across the company hierarchy that relates to abilities surrounding problem-solving, interpersonal skills, business acumen, technical capabilities, influence, and communication skills.
  • Goal Management: Manage and track performance goals for your employees and management staff. Set weekly, monthly, quarterly and yearly goals. Conduct audits to maintain ongoing communication about goal setting and progress.
  • Performance Reviews: Self-assessment can let employees evaluate their own performance which can be compared with real-time feedback received from their team members or from management. Help facilitate management/employee communication, identify employee strengths and weaknesses, set individual goals, make informed compensation decisions, and ensure human resources are leveraged to the maximum benefit of the organization.
  • Succession Planning: Craft and execute strategic and long-term succession plans to help employees take the next step in their career based on competencies and skills. Track and analyze employees to discover high-performing individuals who can succeed as company leaders. Keep track of employee talents and skills and ensure training and development can be encouraged for replacements.
  • Reporting: Run performance reports and share information among key personnel, department heads, and senior leaders. Create customized reports based on performance evaluation needs such as completion status reports.
Lattice Performance Reviews Performance Managemenet Software
Conduct performance reviews with Lattice.

What Are The Benefits of Performance Management Software?

The top benefits of a performance management platform includes:

Improve Employee Engagement and Autonomy

A high-performing workforce is essential for your business to continue to grow and survive against your competitors. An engaged workforce will be more productive, innovative, and deliver better results at a more consistent pace.

Performance management software can help automate employee engagement surveys that ask clear questions that measure employee satisfaction. These surveys help your business break down what is working and what isn’t, along with what your employees are the least satisfied doing. By providing this information to senior management, you’ll be able to inform better strategies moving forward.

Employees can use performance management software for their own benefit as well. This includes tracking their career progression, their evaluations are given (from other employees or management), and their overall understanding of their performance in relation to the goals of the company.

A survey by Harvard Business Review found that 71% of respondents said employee engagement was important to achieving success. 72% ranked the recognition given to high performers as one of the most significant motivators.

Culture Amp Engagement Scores Performance Management Software
Give employees engagement scores in Culture Amp.

Gather Continuous Feedback On Employees and Management

Rather than conducting annual reviews of employees, continuous performance feedback helps align and develop your workforce on a more consistent basis. This human-centered approach helps promote, evaluate, and improve the performance of your employees. By continuously meeting with employees to go over their current workload, you ensure all employee goals are staying aligned with one another.

It may appear to be a form of “micro-managing”, but the transparency helps communicate progress across your organization and enables response to changing business needs. Performance management software helps create this trusted environment where employees feel empowered to take control of their own development. One example is through the use of an employee recognition program. By clearly displaying all employee goals and their progress towards them, constructive feedback can become more normalized.

Other features offered by performance management software that ties in with a continuous feedback philosophy include:

  • Check-ins: Allow managers to periodically check in with employees regarding their performance
  • Crowdsourced feedback: Let employees ask for advice from their coworkers and managers through message boards and chats
  • Performance dashboard: A unified view that displays feedback, summaries, and established goals for each employee with their own login.
BambooHR Employee Performance Managemenet Software
View employee performance in a scatterplot view within BambooHR.

Discover Professional Development Opportunities and Promote From Within

Career mapping and development planning components within a performance management software are the most critical part of planning the long-term careers of the individuals in your company. A performance management software will identify areas for improvement, set goals, measure progress, and outline a strategy to ensure the person can stay on the path to new career opportunities to better serve the company.

A performance management software provides personalized development plans–letting your employees feel empowered to direct their professional development, as well as correcting performance within your team. This combination will allow both employees and managers to evaluate their own career goals to ensure their contributions to the company are within their skillset.

Many activities may come about for your team members to prove their worth. By monitoring employee performance on new projects, workshops, seminars, and even new qualifications they may garner such as certifications, a performance management software will conduct performance reviews and prepare performance development plans.

Leapsome Assessment Scores Performance Management System
Give assessment scores to employees to find out who is most deserving of more responsibilities in Leapsome.

What Does Performance Management Software Cost?

The cost of performance management software pricing starts between $4 to $8/employee/month. The pricing model is generally a subscription that takes into account the total number of employees you will be running performance reports on. At times it may be stated as a per user/month cost, but as long as your employee will be logging in to access a portal or to view information about their performance, they will require their own user license.

For example, if your business has 100 employees and finds a performance management software that is advertised at $6/user/month, you will be looking at an overall monthly cost of $600/month. These solutions may have upfront costs associated with them, such as cost for implementation and training.