Employee Performance Management Software

Employee Performance Management software is a tool that helps companies evaluate an employee’s performance as well as gauge whether work 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. This helps ensure that the work goals remain in alignment with the business goals and ensure the productivity of the employee meets acceptable levels.

In addition to the performance reviews and improvement, some vendors bundle employee performance management software with other tools. 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. Others may even come bundled with a full HR suite, including tools for recruiting, onboarding, and payroll.

• 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