Companies have tenets by which they expect their employees to live while at work and represent their brands out of work too. These tenets are what define the job descriptions, allowing the company to recruit skilled personnel, select their employees, train the new employees, compensation, and many other factors.
All these factors rolled into one is defined as Performance management. Employee Performance software allows for transparency and recognition and also feedback which can all help in improving the employee’s engagement.
The software creates awareness in each employee’s mind on how effective and efficient they have been. Most of the software can be standalone or integrated with HR management software.
Check out the top best employee performance management software below.
Top 6 Best Employee Performance Management Software
| Brand | Starting price | Best for |
|---|---|---|
| 1. Namely | $12 – $20/month | HR and Payroll system |
| 2. Trackstar Performance Management | Not provided | Ease-in -use |
| 3. Reviewsnap | $3,040/year | Best features |
| 4. Synergita | $4 – $7/month | Continuous management |
| 5. ClearCompany | Custom pricing | Applicant Tracking |
| 6. Engagedly | $5,000/year | Payroll functionalities |
1. Namely – Best Employee Performance Management Software for HR and Payroll system
PRICING: Pricing is placed between $12 and $20 for each employee per month.
Helps reduce the complexity that comes with payroll management, by allowing users to outsource their payroll using its Managed Payroll Services.
Key Features:
- 360 Degree Feedback
- 401(k) Tracking
- ACA Reporting
- Applicant Tracking
- Benefits Administration Outsourcing
- Benefits Dashboard
- Benefits Management
- Check Printing
- COBRA Administration
- Compensation Management
- Competency Management
- Customizable Templates
- Customization
- Deduction Management
- Direct Deposit
Reasons to Buy:
- Namely is rated high for its being easy to use and navigate through.
- It is a web-based platform.
- Namely allows users the chance to share news, give praises when due, procuring access to all of HR’s needs.
- Helpful in spotting disengagements amongst workers in the team.
- Allows managers to effectively engage the workforce even if they are not in the same place.
Reasons to Avoid:
- Things like PTO do not flow in with the payroll system.
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2. Trackstar Performance Management – Best Employee Performance Management Software for Ease-in -use.
PRICING: Differences in pricing are not provided.
Trackstar equips an organization with the tools to manage performance reviews, increase employee management, focus on goal management, and environment of real-time feedback. It can give flexible reports to select top performers, frequent check-ins, and self-appraisals.
Key Features:
- 360 Degree Feedback
- Activity Dashboard
- Anonymous Feedback
- Benchmarking
- Competency Management
- Customizable Templates
- Customization
- Dashboard
- Employee Database
- Employee Management
- Employee Profiles
- Employee Recognition
- Engagement Tracking
- Goal Management
- Goal Setting and Tracking
Reasons to Buy:
- Integration with HR tools is done seamlessly, alongside other various collaboration tools
- The hiring and learning feature contains a tool that develops a very productive workforce.
- Continuously take notes and comments to track progress.
- Available and helpful customer service support.
Reasons to Avoid:
- Sometimes, the system is pulled slow by heavy traffic.
- With Trackstar Performance management, there is no way to export data save from print.
3. Reviewsnap – Best Employee Performance Management Software for Best features
PRICING: Pricing begins at a flat rate of $3,040 per year.
A web-based employee performance management with simple and intuitive features which allows you to track gives users notifications and reminders, and cold function accurately as an e-signature software.
Key Features:
- Progress Tracking
- Question Library
- Rater Selection
- Reporting/Analytics
- Review Cycle Tracking
- 360 Degree Feedback
- Customizable Templates
- Individual Development Plans
- KPI Monitoring
- Negative Feedback Management
- On-going Performance Tracking
- Peer Appraisals
- Customization
- Dashboard
- Goal Management
Reasons to Buy:
- Customer service support is reliable and knowledgeable
- it is easy to implement in the work environment and use.
- Does not include hidden charges
- It allows users to set annual goals and provides a centralized way to review and access them after a year.
Reasons to Avoid:
- Customization is a bit limited.
- Navigation is a bit tricky for new users.
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4. Synergita – Best Employee Performance Management Software Best-in-class Continuous management
PRICING: The Synegita perform plan is placed at $4 for each month for an employee while the Synegita performs plus is billed at $7 per month for an employee.
With Synergita, employees have a better understanding of the organization’s overall progress, and at the same time helps them see the roles they play and can play in it to the end that better productivity is achieved through all levels of the organization.
Key Features:
- 360 Degree Feedback
- Promotion Cycle
- Career Aspirations
- Appraisal Letter Distribution
- Skill Repository & Mapping
- HiPo Score
- Employee Headcount Trends
- Employee Performance Trends
- 360 Degree Feedback
- Promotion Cycle
- Career Aspirations
- Appraisal Letter Distribution
- Skill Repository & Mapping
- HiPo Score
- Employee Headcount Trends
- Employee Performance Trends
Reasons to Buy:
- It is user-friendly and intuitive.
- Works perfectly for even medium-sized companies.
- The help team is responsive.
- Its 360 feedback helps to increase cooperation while work is ongoing.
Reasons to Avoid:
- It could incorporate better reporting techniques.
5. ClearCompany – Best Employee Performance Management Software for Applicant Tracking
PRICING: Pricing requires a custom quote based on the size of the company.
Clearcompany, unlike other software on this list, does not wait till employment before it begins to manage employees. It is equally known as an applicant tracker software which helps to identify perfect fits for a company, then helps in the hiring and engagement process.
Key Features:
- E-Verify/I-9 Forms
- Electronic Forms
- Electronic Signature
- Candidate Tracking
- Customizable Templates
- Document Management
- Employee Database
- Employee Handbook
- 360 Degree Feedback
- Anonymous Feedback
- Applicant Tracking
- Customization
- Dashboard
- Assessment Management
- Background Screening
Reasons to Buy:
- It gives employers room to aid all-around support to employees, in areas of personal development, career growth, and internal effectiveness.
- With ClearCompany get clear feedback from an employee’s peers, supervisor, subordinates, and cross-functional teammates.
- Creative and easy implementation into the workflow
- It is hiring abilities is efficient across all types of job positions.
Reasons to Avoid:
- It supports just three basic languages.
- Searching through resumes manually is a huge drawback.
6. Engagedly – Best Employee Performance Management Software for payroll functionalities.
PRICING: Starting annual agreement is placed at $5,000. However, company pricing is allocated based on company size through custom quotes.
This employment performance management software works perfectly for organizations with a size range of 100 to 10,000 employees. Most importantly, the organization size does not in any way impact the functionalities. It allows employees to share ideas they deem fit to further advance the company and gives space for employee recognition and rewards.
Key Features:
- Activity Tracking
- Employee Database
- Employee Management
- Anonymous Feedback
- Peer-to-Peer Recognition
- Performance Management
- Performance Metrics
- Progress Tracking
- Assessment Management
- Competency Management
- Engagement Tracking
- Feedback Management
- Asynchronous Learning
- Badge Management
- Reporting/Analytics
- Review Cycle Tracking
- Rewards Management
- Benchmarking
- Blended Learning
Reasons to Buy:
- Allows company managers to build customized templates for employees based on roles, department, or other criteria necessary.
- It offers free demos to interested users to understand the functionality before a commitment is made.
- Works effectively with android devices, iOS, and, iPad.
- It simplifies the steps needed to track the implementation of ideas across the company.
- Incorporated with significant Add Ons that make the employee performance management and growth an easy route.
Reasons to Avoid:
- The overall layout of the software is a bit basic and that reduces its intuitiveness.
- Analytic reporting from data sourced and inputted is a bit one-way.