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

(51-75 of 141) 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.

Stella Connect, by Medallia

Stella Connect is a CX suite of applications, performing customer feedback collection and service quality measurement, customer agent motivation tools, and employee engagement tools such as agent reward tools and performance tracking. Stella Connect was acquired by Medallia September…

PageUp

PageUp, headquartered in Melbourne offers a suite of talent management tools to help businesses attract, engage, and retain high performing teams and deliver measurable results. PageUp provides exceptional hiring and engagement experiences with Recruitment Marketing (sophisticated…

Keka HR

Keka HR is an HR & Payroll Management System. The vendor states that Keka's architecture has reshaped employee experience and adaptability in India, and further state that with all HR functionality under 1 umbrella, Keka has made a huge dent in the HRMS ecosystem. Key Features:…

PeopleGoal

UK based company providing an employee performance management system.

emPerform

CRG emPerform is an all-in-one employee performance management software suite. The solution is designed to automate & streamline performance reviews and align company and employees goals.

CultureIQ

CultureIQ is an employee performance management software solution from the company of the same name in New York.

Impraise

Impraise is an employee feedback and development application. The company is backed by Y Combinator.

Quantum Workplace Performance Management Platform

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…

PerformancePro

PerformancePro, designed by HR Performance Solutions, offers performance management and salary administration applications used by over 200,000 professionals. The vendor’s value proposition is that Performance Pro focuses heavily on product development which leads to more customization…

Access People HR Suite (PeopleXD)

Access PeopleXD is a mobile-first, 100% SaaS HR and Payroll solution that connects processes from hire to retire including Payroll, People Management, Workforce Management, Talent, Recruitment, Learn, Compliance and Analytics. The unified solution can be integrated or implemented…

Advanced Cloud HR

OpenHR from UK company Advanced is a complete human resource management system (HRMS). Integration with OpenPeople, the vendor's payroll processing system, presents a complete automated HR solution.

Voxco Survey Software

Voxco Survey Software features one centralized database across multiple survey channels. The vendor says that with this solution, users can collect and process respondent data at any time and in any place. This flexible software can be used to create device-responsive online surveys…

Cezanne HR

Cezanne HR is a SaaS consisting of a core People module with optional modules for Absence Management, Performance Management, Time Tracking and Recruitment.

Insights

Insights is a professional development / coaching platform for teamwork, employee engagement, leadership development, sales and service performance, and change management. It provides employees and managers with Jungian psychology-based psychometric tools that promote self-awareness…

Development Dimensions International

Development Dimensions International (DDI) is a talent management consulting company, offering Leadership Development training modules and Talent Assessments.

Khorus

Khorus is is an Employee Performance Management solution. Some key features include At-a-Glance Business Performance, Predictive Measures, Goals and Status Updates, and Near-real-time Analytics.

Insperity PerformSmart

PerformSmart from HR consulting and software company Insperity in Houston, Texas is an employee performance management option.

SilkRoad Performance

SilkRoad Performance (formerly WingSpan) is SilkRoad's employee performance management product and is one component of the Life Suite platform.

Zimyo

Zimyo offers unified HCM platform that helps automate tedious HR processes, eliminate payroll errors and foster positive human experiences. Zimyo solutions enable organizations to improve their key metrics by minimizing their employee onboarding time, turnover ratios, improved ESS…

Alvaria Performance

Alvaria Performance (formerly Aspect Performance Management) is a tool that can reveal insights by enabling the tracking of personal and group performance vs. goal using a wide range of metrics with data sourced from many contact center systems. It includes a coaching module, which…

Gtmhub

Gtmhub headquartered in San Francisco with international offices offers their OKR software solution, designed to align objectives and key results around a shared purpose, going beyond the crude org-chart and functional silos. Anyone in a team can see how their work supports a team…

peopleHum

peopleHum, from Coviam, is an HR management platform that includes a continuous performance management system, allowing administrators to align and track goals, measure performance objectively and create a continuous feedback loop that boosts engagement through compensation and rewards.…

Talentsoft from Cegid

Talentsoft, now from Cegid (acquired July 2021) is a talent management suite consisting of Core HR capabilities (Talentsoft Hub), applicant tracking and recruiting (Hello Talent), corporate LMS, employee performance review and compensation management and planning, and requisite analytics.…

Timelabs

Timelabs is a pro-domain HRMS solution that comes with system modules and advanced features helping businesses to manage, track, assess, and empower people to perform with the end-to-end HR management system.

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.

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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.