Employee Performance Management Software
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.
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.
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.
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.
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…
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.
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.
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.
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.
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.
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.
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.
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.
Lattice is employee performance management software for mid-sized companies, offered by a San Fransisco-based startup of the same name. It includes four modules: Reviews, Goals (objectives and key results, or OKR), Feedback, and Check-ins (weekly one-to-one meetings). Early customers…
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…
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.
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…
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…
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…
The SumTotal Core Platform (formerly elixHR) is a human resource information system (HRIS) integrable with the SumTotal Talent Expansion Suite of software: SumTotal (LMS), and the SumTotal Work workforce management and payroll system. All SumTotal software is now offered and supported…
Trakstar's Performance Appraisal software helps HR and your organization manage feedback, goals and reviews. You can build customized appraisal forms, set SMART goals, and create flexible workflows to meet the needs of your organization. 360/Multi-rater feedback is an option. Trakstar'…
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:
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.
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.
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.
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).