Employee Performance Management Software

Employee Performance Management Software Overview

Employee Performance Management software is a tool that helps companies evaluate an employee’s performance and ensure that employee goals are aligned with the goals of the department or company. These features can be used to drive performance evaluations, improvement plans, career advancements, and salary negotiations.

In a typical performance review cycle, an employee would use the Performance Management software to set goals and provide progress updates to these goals at multiple times during the year. A manager would then document their review of the employee or goals, document their conversations, and outline any changes or improvements needed.

Performance management software streamlines and standardizes this process to ensure that the work goals remain in alignment with the business goals and measure whether the productivity of the employee meets acceptable levels. It also enables more consistent, frequent, and impactful coaching processes. Improved coaching helps correct underperforming employees and highlight standout workers.

In addition to the performance reviews and improvement, some vendors bundle employee performance management software with other strategic HR functions. Some may provide training courses or modules. Others provide tools to map out career development trajectories or talent assessments to identify and promote future leaders.

Performance management software can often be bundled with a full HR suite, including tools for recruiting, onboarding, and payroll. The standalone performance management solutions will instead integrate with other HR software, such as HRIS or payroll systems.

Top Rated Employee Performance Management Products

Videos for Employee Performance Management Software

What are the best Employee Performance Management Products?
07:09
In this video, we'll cover the top 3 employee performance management solutions, how to use each one and a comparison of features and pricing models. Employee performance management tools are important for helping businesses evaluate employee performance against preset metrics....
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Employee Performance Management Software TrustMap

TrustMaps are two-dimensional charts that compare products based on trScore and research frequency by prospective buyers. Products must have 10 or more ratings to appear on this TrustMap.

Employee Performance Management Products

(1-25 of 148) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

UKG Pro
Customer Verified
Top Rated
TRUE

UKG delivers cloud-based HCM solutions including UKG Pro that help businesses simplify payroll computations, accelerate talent acquisition, manage time and attendance, and support proactive, strategic talent management on a global level.

Key Features

  • Update personal information (736)
    88%
    8.8
  • View and generate pay and benefit information (732)
    88%
    8.8
  • Employment history (722)
    85%
    8.5
Ceridian Dayforce
Customer Verified
Top Rated
TRUE

Ceridian Dayforce HCM is a cloud-based platform encompassing HR, payroll, benefits, and talent and workforce management. It provides companies with a scalable framework and real-time data, such as continual pay calculations, to enable efficient decision-making.

Key Features

  • Update personal information (497)
    77%
    7.7
  • Report builder (496)
    65%
    6.5
  • Pre-built reports (495)
    64%
    6.4
Paylocity

Paylocity provides 24/7 access to your online payroll and human resource data management. Paylocity offers highly customizable payroll functionality, as well as HR, benefits administration, and time and talent management programs.

Key Features

  • Update personal information (343)
    87%
    8.7
  • Pay calculation (330)
    83%
    8.3
  • View and generate pay and benefit information (338)
    82%
    8.2
Cornerstone OnDemand
Customer Verified
Top Rated
TRUE

Cornerstone OnDemand is a cloud-based application for talent management. Cornerstone offers suites for recruiting, training, performance monitoring and planning, learning, and HR data management. It is scaled for enterprises.

Key Features

  • Course catalog or library (176)
    88%
    8.8
  • Learning reporting & analytics (174)
    85%
    8.5
  • Learning administration (175)
    82%
    8.2
SAP SuccessFactors

SAP SuccessFactors is a suite of HR/HCM products covering these capability areas: core HR and payroll, recruiting and onboarding, learning and development, performance and compensation management, workforce analytics and planning, and employee experience management.

Key Features

  • Organizational charting (165)
    85%
    8.5
  • Employment history (159)
    82%
    8.2
  • Performance plans (164)
    79%
    7.9
BambooHR

BambooHR is an on-line human resources solution that provides onboarding, payroll, and benefits management. It also offers automated time-off management and employee self-service.

Key Features

  • View job history (69)
    91%
    9.1
  • Update personal information (74)
    90%
    9.0
  • Employment history (68)
    89%
    8.9
Predictive Index Behavioral Assessment

The PI Behavioral Assessment™ is a simple yet effective assessment that is broken down into four primary behavioral factors, or core drives. These core drives and their relation to each other create a behavioral pattern that provides a framework for understanding the workplace behaviors…

Key Features

  • Predictive analytics (27)
    98%
    9.8
  • Data analysis (29)
    97%
    9.7
  • Data integration (25)
    74%
    7.4
Saba TalentSpace

Halogen Software offers a cloud-based talent management suite that includes recruiting, performance management, learning and development, succession planning and compensation programs. It is optimized for mid-sized businesses.

Key Features

  • Individual goal setting (32)
    72%
    7.2
  • Performance tracking (32)
    64%
    6.4
  • Review reminders (32)
    63%
    6.3
Hibob
Customer Verified
Top Rated

Hibob headquartered in London their HR management platform, bob. Hibob provides a wide range of features supporting talent management including onboarding administration and task management, payroll reporting and time tracking, and manager dashboard for tracking employee performance.…

Key Features

  • Employment history (50)
    80%
    8.0
  • Employee demographic data (51)
    79%
    7.9
  • Organizational charting (51)
    78%
    7.8
Saba Cloud

Saba Cloud is a talent management suite which includes performance management, succession planning, learning management, planning, and recruiting. The vendor intends the cloud-based platform to be highly scalable to enable continuous corporate employee development.

Key Features

  • Learning content (29)
    92%
    9.2
  • Compliance management (30)
    91%
    9.1
  • Course catalog or library (30)
    90%
    9.0
Bridge

Bridge is the corporate version of Instructure's talent and learning management platform. Bridge provides core learning and performance management software, including reporting capabilities. The company emphasizes customer service.

Key Features

  • Progress tracking & certifications (38)
    90%
    9.0
  • Course authoring (39)
    70%
    7.0
  • Mobile friendly (39)
    50%
    5.0
15Five

15Five in San Francisco offers their employee performance management platform, which emphasizes employee engagement via pulse surveys and an emphasis on frequent feedback, fast one-on-one meeting planning, objective tracking, and other related features.

Key Features

  • Manager note taking (29)
    95%
    9.5
  • Individual goal setting (33)
    88%
    8.8
  • Subordinate goal setting (28)
    86%
    8.6
PiiQ by Cornerstone

Cornerstone’s PiiQ is an SMB offering formerly known as Sonar6. PiiQ is aimed at small-to-medium sized businesses and includes core learning management and performance management systems, including content creation, mobile accessibility, and in-product reporting.

Key Features

  • Course catalog or library (11)
    68%
    6.8
  • Learning content (11)
    66%
    6.6
  • Course authoring (11)
    60%
    6.0
Lattice
Customer Verified
Top Rated

Lattice is a People Success Platform that aims to bring together the tools, workflows, and data needed to help business leaders develop engaged, high-performing employees and winning cultures. By combining continuous performance management, goal-setting, employee engagement,…

Key Features

  • Individual goal setting (33)
    91%
    9.1
  • Manager note taking (31)
    86%
    8.6
  • Performance tracking (32)
    83%
    8.3
PeopleFluent

PeopleFluent includes modules for recruiting, performance management, compensation, learning, succession, and vendor management, as well as workforce planning and diversity. These modules can be purchased separately or bundled, and integrate with other HR systems.

Key Features

  • Manager tracking tools (11)
    90%
    9.0
  • Individual goal setting (9)
    90%
    9.0
  • Line-of sight-visibility (9)
    70%
    7.0
HealthStream Learning & Performance

HealthStream is a cloud-based Talent Management Suite specifically designed for the healthcare sector. Focused on training (LMS), the suite also includes performance management, competency, simulation and credentialing. HealthStream also provides research services to healthcare…

Key Features

  • Review status tracking (8)
    80%
    8.0
  • Reporting (8)
    77%
    7.7
  • Performance tracking (8)
    68%
    6.8
ClearCompany

ClearCompany offers an applicant tracking system with core features, including batch or mass communication, job board posting, centralized internal communications, and background checking features. It also provides onboarding automation and performance management.

Key Features

  • Customized Application Form (18)
    98%
    9.8
  • Job Requisition Management (18)
    93%
    9.3
  • Company Website Posting (18)
    88%
    8.8
PerformYard

PerformYard, headquartered in Arlington, VA, providesperformance management software aimed at providing features for HR and a simple employee experience. It offers HR teams tools to build out any performance management strategy so employees get a streamlined experience so they can…

Key Features

  • Individual goal setting (19)
    86%
    8.6
  • Review status tracking (18)
    81%
    8.1
  • Performance tracking (19)
    78%
    7.8
Engagedly

Engagedly is a cloud-based talent management platform for people first organizations. Engagedly supports performance management, engagement and employee learning, the Engagedly People + Strategy Platform is built to Execute on the user's strategy, Enable teams, and Engage people.…

Key Features

  • Individual goal setting (12)
    87%
    8.7
  • Performance plans (13)
    81%
    8.1
  • Corporate goal setting (12)
    78%
    7.8
Reflektive

Reflektive is an employee performance management platform from the company of the same name in San Francisco, California.

Key Features

  • Corporate goal setting (7)
    100%
    10.0
  • Individual goal setting (7)
    100%
    10.0
  • Subordinate goal setting (7)
    100%
    10.0
Relias Learning Management System

The Relias Learning Management System is a corporate e-learning platform for healthcare, insurance, and education industries. Features include: automated training enrollment, a library of over 3,000 pre-built courses as well as customizable courses, live training management, and…

Key Features

  • Course catalog or library (9)
    88%
    8.8
  • Learning content (9)
    83%
    8.3
  • Course authoring (9)
    77%
    7.7
Culture Amp

Culture Amp is an employee engagement software offering with functionalities such as employee pulse survey, onboarding feedback collection, and analysis of employee feedback.

symplr Talent Management Solutions

symplr acquired HealthcareSource in July, 2021. The former HealthcareSource now forms the foundation fo the symplr talent management suite.

Quantum Workplace Engagement Surveys and Pulses

Quantum Workplace provides an all-in-one employee engagement software that makes managers the central drivers of workplace culture. Serving more than 8,700 organizations, Quantum Workplace’s technology gives team leaders direct access to employee feedback and personalized real-time…

Small Improvements

Performance Reviews & 360sProvide employees with structured opportunities for reflection and assessment through performance reviews and peer feedback. Customize the questions, define who participates, establish a cadence that suits an organization’s schedule, and run reviews…

Key Features

  • Review status tracking (8)
    97%
    9.7
  • Performance tracking (7)
    92%
    9.2
  • Individual goal setting (8)
    88%
    8.8

Learn More About Employee Performance Management Software

What is Employee Performance Management Software?

Employee Performance Management software is a tool that helps companies evaluate an employee’s performance and ensure that employee goals are aligned with the goals of the department or company. These features can be used to drive performance evaluations, improvement plans, career advancements, and salary negotiations.

In a typical performance review cycle, an employee would use the Performance Management software to set goals and provide progress updates to these goals at multiple times during the year. A manager would then document their review of the employee or goals, document their conversations, and outline any changes or improvements needed.

Performance management software streamlines and standardizes this process to ensure that the work goals remain in alignment with the business goals and measure whether the productivity of the employee meets acceptable levels. It also enables more consistent, frequent, and impactful coaching processes. Improved coaching helps correct underperforming employees and highlight standout workers.

In addition to the performance reviews and improvement, some vendors bundle employee performance management software with other strategic HR functions. Some may provide training courses or modules. Others provide tools to map out career development trajectories or talent assessments to identify and promote future leaders.

Performance management software can often be bundled with a full HR suite, including tools for recruiting, onboarding, and payroll. The standalone performance management solutions will instead integrate with other HR software, such as HRIS or payroll systems.

Employee Performance Management Features & Capabilities

Performance management products are likely to have different features and capabilities by product, especially if they are part of a broader HR suite. However, performance management software should at least have most or all of these features:

  • High level dashboards
  • 360 review - ability to capture feedback from subordinates, colleagues, and supervisors
  • Goal or OKR (Objectives and Key Results) tracking
  • Capabilities for traditional or non-traditional performance review cycles
  • Development and succession planning
  • Automated review cycle reminders
  • Integration with third party productivity or training apps

Employee Performance Management Software Comparison

Consider these factors when comparing employee performance management software:

  1. Point Solution or Talent Management Suite: Does the business need a standalone tool for performance management, or would it benefit from a broader talent management package? A point solution is cheaper as a line item and may have more robust features, but may not integrate as smoothly with other tools like applicant tracking, onboarding, or other HR functions.
  2. Reporting & Analytics: What kind of reporting and analytics are most important to the business? Virtually every performance management tool has a reporting function, but not all are equally robust or come with the same prebuilt dashboards or customizability. Reporting functions can be crucial to informing succession planning and informing strategic talent decisions.
  3. Company Size: Performance management software will vary in what business size each tool focuses on. Enterprise-targeted platforms are more likely to be bundled with other HR functions, while SMB-focused tools will emphasize customized packages and scalability to grow with the business.

Start an employee performance management software comparison

Pricing Information

Some employee performance management solutions come bundled within comprehensive HR platforms which will increase the monthly cost. If you are just looking for performance management software, you can expect to pay per user per month (usually between $3 and $15) and a set-up fee (in the $800 - $2,000 range).

Employee Performance Management Software Best Of Awards

The following Employee Performance Management Software offer award-winning customer relationships, feature sets, and value for price. Learn more about our Summer Best Of Awards methodology here.

Best Of Summer 2022 Awards Winners for the Employee Performance Management category. For Best Relationship, first place is Lattice. Second place is PerformYard. Third place is Engagedly. For Best Feature Set, first place is Lattice. Second place is PerformYard. Third place is Engagedly. For Best Value for Price, first place is Lattice. Second place is PerformYard. Third place is Engagedly.

Related Categories

Frequently Asked Questions

What should an employee performance management software include?

Employee performance management should include goal setting and tracking features, including OKR visibility, as well as mechanisms for 360 feedback and routine manager review.

What are the benefits of employee performance management software?

Employee performance management software creates efficiency by standardizing performance management across the organization, enabling more effective feedback and employee improvement.

What’s the difference between performance management and talent management software?

Employee performance management software focuses on performance goal setting, tracking, and measuring. In contrast, talent management encompasses the entire employee lifecycle, from recruiting to retirement or offboarding.

Who uses employee performance management software?

The software is administered by HR specialists within the organization, and should ideally be adopted by everyone within the organization for managing their own and teams’ goals and updates.

How much does employee performance management cost?

Employee performance management usually ranges from $3-15/user/month, plus an implementation fee ranging from $800-2,000.