The Best Performance Management Software

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BambooHR Screenshot

BambooHR

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BambooHR is a human resource software that lets you focus on the people in your organization from hiring, onboarding, preparing compensation, and improving their employee lifecycle. A single database helps you improve your organization by providing one powerful spot to look at analytics of your employee performance, bring on new staff members from hiring to onboarding, calculate if they are being paid fairly, and improve the culture of your business. BambooHR gives you the time and insights to
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Starting Price
$6.19/employee/month
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Lattice Screenshot

Lattice

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Lattice is a people management platform that handles performance management, employee engagement, and employee development. The software conducts reviews to get employee feedback, creates goals to set employee expectations, schedules meetings, opens the door for feedback, and allows you to publically praise employees for a job well done. @wistia Performance: Reviews, Goals, 1:1s, Updates, Feedback, and Praise that make continuous performance a reality; Engagement: Surveys, Pulses, and eNPS to
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Starting Price
$9/employee/month
Client OS
Web
Deployment
Cloud Hosted
Hibob Screenshot

Hibob

Hibob is an HRIS people management software. Also known as simply bob, the software drives your company culture and engagement through essential HR tools, time management, performance reviews, and culture control through clubs and anonymous shoutouts. Hibob will assist in many functions of your HR department, including onboarding, time and attendance, workflows, and surveys. Analytics; Benefits; Core HR; Culture; Doc Hub; Onboarding; People directory; Performance tracking; Reports; Time and
Client OS
Web
Deployment
Cloud Hosted
Trakstar Screenshot

Trakstar

Traktar is an online employee performance management software that lets you manage expectation, set and maintian goals, and encourage real-time feedback between management and employees. The collection of performance reviews can be customized to reflect the company culture you’ve established. Collect reviews, create reports, conduct surveys, and set goals with Trakstar. Performance Management; Performance Reviews; 360-Degree Reviews; Goal-Setting Tools; Succession Planning; and Employee
Client OS
Web
Deployment
Cloud Hosted
Culture Amp Screenshot

Culture Amp

Culture Amp is a people and culture platform that provides insights across the employee experience from engagement and performance. The engagement tool lets you diagnostic, deep dive and pulse surveys with powerful analytics and action planning. Performance features provide performance evaluations, 360 reviews, goal tracking, and continuous feedback. Employee retention: bPredict and prevent attrition.; Mergers and acquisitions: Keep your people engaged and developing.; Digital transformation:
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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 is a human resource management solution in the cloud. The option provides one of the leading human capital management (HCM) suites that provides fully integrated: Core HR and payroll; Recruiting and onboarding; Learning and development; Performance and compensation; Workforce planning and HR analytics; and Employee experience management. The SAP SuccessFactors HCM Suite includes a complete set of tightly integrated talent management solutions, robust workforce analytics and
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 successful they can be. This is accomplished by Uncovering pain points employees face; Turn your managers into coaches; Gain visibility into management practices; and Develop employee strengths.. Check-ins; 1-on-1s; Objectives; High Fives; Pulse
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Starting Price
$7/employee/month
Client OS
iOS, Android, Web
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 track goals, drive conversations via check-ins, and recording feedback. Employee engagement can be improved with Engagedly by using the Gamification and Rewards and Core Values features, which provide recognition, award points, and give out
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Namely Screenshot

Namely

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The Namely HR platform offers everything mid-sized businesses need to handle payroll, benefits, time tracking, and talent management. This software covers your essential HR needs and compliance requirements in one place. Recruit, onboard, and manage your employees; ensure they get paid; and offer perks to attract and retain them. With an open API, you can pull all the employee data you need into the Namely platform, which means everything from your Applicant Tracking System to your 401(k) is
Client OS
Web
Deployment
Cloud Hosted
ClearCompany Screenshot

ClearCompany

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ClearCompany is a talent management platform that provides applicant tracking, onboarding, performance management, and workforce planning and analytics. The complete HRMS and talent management software solution provides everything you need to hire, retain and engage more team players. Through any economic cycle, successful organizations hire, retain, and engage top-performing employees at higher rates than their competitors. ClearCompany is uniquely positioned to help you accomplish this with
Client OS
iOS, Android, Web
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 performance by allowing employees to self-reflect, by gathering employee feedback, and by amplifying employee voices. Clear Review will enable your people to set effective goals, give instant feedback, and have meaningful conversations. @youtube SSO and
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Starting Price
$4,650/year
Client OS
Web
Deployment
Cloud Hosted
Paycom Screenshot

Paycom

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Paycom is an online payroll services and HR payroll software option that helps businesses streamline their employment processes from recruiting to retirement and everything in between. The Talent Acquisition, Time and Labor Management, Payroll, Talent Management and HR Management systems operate from a single database, eliminating redundant data entry and the integration of multiple systems. By combinging HR and payroll, everything works better without data re-entry. And with Paycom, employees
Client OS
macOS, iOS, Android, Web
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 organization and drives engagement through frequent check-ins with employees. Performance Reviews; Goals & OKRs; Learning; 1:1 Meetings; Manage Remote Teams; Feedback & Praise; Engagement Surveys; Onboarding; Development Framework; and
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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 program that is customizable. This is comprised of 360 degree feedback, compensation, and learning content integration. Online Performance Reviews; 360-Degree Feedback; Performance Notes; Goal Setting; and Reporting.
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Starting Price
$3,040/year
Client OS
Web
Deployment
Cloud Hosted
Humi Screenshot

Humi

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Humi is an all-in-one HRIS software that offers HR, payroll, benefits, and insurance. Performing tasks across multiple platforms on a regular basis is made easy with Humi since there is only one system to use. This system includes recruiting and hiring, onboarding and employee profiles, performance management, payroll, time off requests, and employee benefits. Built for Canadians, Humi is powered by a Canadian workforce that knows what Canadian businesses look for in a software. @youtube The
Client OS
Web
Deployment
Cloud Hosted
Kissflow HR Cloud Screenshot

Kissflow HR Cloud

Kissflow HR Cloud is a human resources software that manages all processes—from hire to retire. The software helps your HR department align the recruitment process with your business objectives, offer new hires a good first impression, track employee attendance, monitor the performance of your staff, handle time-off requests, and more. @youtube Applicant Tracking; Employee Onboarding; Performance Management; Attendance and Time; Leave Management; and Employee Offboarding. The cost of Kissflow
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 managers and employees to be more productive. The complete tool should help your business build relationships between all levels of staff. 360 Feedback; Review Automation; Automated Workflows; Fast, Focused Templates; Goal Approval Controls;
Client OS
Web
Deployment
Cloud Hosted
UKG Pro Screenshot

UKG Pro

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UKG Pro, the combination of UltiPro Ultimate Software and Kronos, unites all aspects of HR, payroll, and talent management into a complete human capital management functionality. The cloud-based product suite is designed to simplify work people to every day, and identify employees at risk to leave the company. The software works as a brain for your company. @youtube The core features of UKG Pro include: Manage people; Communicate important details; Reduce paperwork; Onboarding; Recruiting;
Client OS
iOS, Android, Web
Deployment
Cloud Hosted
Sage HR Screenshot

Sage HR

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Sage People (formerly CakeHR) solves your HR challenges such as onboarding employees, automating your HR processes, and creating meaningful insights on your employee data. Key functionalities include an employee database, onboarding, HR analytics, time off policies, custom policy rules, goals with feedback and surveys, and shift scheduling. @youtube Core HR: Employee records and HR essentials; Leave Management: Handle time off approvals digitally; Performance: Set goals, schedule 1-to-1’s &
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$5.50/user/month
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iOS, Android, Web
Deployment
Cloud Hosted
CompLogix Compensation Management Screenshot

CompLogix Compensation Management

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CompLogix Compensation Management software (formerly Harvest HCM ) helps organizations automate any pay/compensation program (merit, bonus, stock, equity, STIP/LTIP, promotion, etc) through an easy to use web-based software solution. The compensation administration application gives managers an easy to use online system to help eliminate compensation spreadsheets. The clients include organizations from a variety of industries with a few hundred employees to organizations with 50,000+ employees.
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$15,000/year
Client OS
Web
Deployment
Cloud Hosted

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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.