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

TrustRadius Top Rated for 2021

These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.

Category Videos

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....
 Show More

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 116) 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

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 (710)
    91%
    9.1
  • View and generate pay and benefit information (706)
    90%
    9.0
  • Employment history (696)
    84%
    8.4
Ceridian Dayforce

Ceridian Dayforce HCM

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 (482)
    86%
    8.6
  • Pre-built reports (481)
    71%
    7.1
  • Report builder (481)
    67%
    6.7
Cornerstone OnDemand

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 (166)
    86%
    8.6
  • Learning administration (165)
    85%
    8.5
  • Learning reporting & analytics (164)
    84%
    8.4
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

  • Data analysis (27)
    100%
    10.0
  • Predictive analytics (26)
    94%
    9.4
  • Data integration (24)
    93%
    9.3
Saba TalentSpace (formerly Halogen)

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)
    73%
    7.3
  • Performance tracking (32)
    65%
    6.5
  • Review reminders (32)
    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

  • Direct deposit files (46)
    81%
    8.1
  • View and generate pay and benefit information (46)
    80%
    8.0
  • Pay calculation (49)
    73%
    7.3
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

  • Individual goal setting (36)
    79%
    7.9
  • Performance tracking (34)
    78%
    7.8
  • Performance plans (34)
    77%
    7.7
Saba Cloud

Saba Cloud

Customer Verified

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

  • Course catalog or library (28)
    95%
    9.5
  • Learning content (27)
    95%
    9.5
  • Compliance management (28)
    89%
    8.9
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
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)
    71%
    7.1
  • Mobile friendly (39)
    54%
    5.4
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)
    94%
    9.4
  • Individual goal setting (32)
    90%
    9.0
  • Subordinate goal setting (27)
    89%
    8.9
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 (12)
    93%
    9.3
  • Individual goal setting (10)
    92%
    9.2
  • Line-of sight-visibility (10)
    84%
    8.4
Lattice

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…

Key Features

  • Individual goal setting (21)
    90%
    9.0
  • Manager note taking (21)
    89%
    8.9
  • Performance tracking (21)
    87%
    8.7
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…

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 (17)
    95%
    9.5
  • Company Website Posting (17)
    90%
    9.0
  • Job Requisition Management (17)
    90%
    9.0
Reflektive

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

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…

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…

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.

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…

Sage HR

Sage HR is HR software for small to medium businesses. The vendor states Sage HR is designed to be easy to use, and automates every step of the human resource process. Sage HR is designed with modular functionality to be customized for users' needs. According to the…

Kazoo

The Kazoo Employee Experience Platform aims to bring together everything needed to create a high-performing, connected culture regardless of where employees work or what device they use. The vendor states that by combining Goals & OKRs, Recognition, Feedback, Conversations, and…

SumTotal Talent Development

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 Perform

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'…

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.

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).

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.