Recently, companies and organizations have been trying to meet up with the required norms, evolving their HR functions and shifting strategies. They are moving the focus from goals that are inclined to give the utmost output whilst minimizing talent costs to ones that maximize potential.
This is where Performance Management Software comes in, as it is focused on strengthening human development, improving each employee’s performance and the general performance of the company. Software that allows the HR department of a company focuses on executing other business imperatives that improve business growth.
Check out the top best HR performance management software below.
Top 7 Best HR Performance Management Software
| Brand | Starting price | Best for |
|---|---|---|
| 1. BambooHR | $4.95 – $8.25/month | One-size-fits-all service |
| 2. CakeHR | $4/month | Responsive customer feedback |
| 3. ELMO | $7.00/month | Comprehensive and detailed reporting |
| 4. Oracle HCM Cloud | $13/month | Advanced features |
| 5. RamcoHCM | $80-$225 per user | HR functions |
| 6. Talentia HCM | Request quote | Organizing |
1. BambooHR – Best HR Performance Management Software for One-size-fits-all Service.
PRICING: Essentials: $4.95, Advantage: $8.25
With BambooHR, HR managers can engage in other duties whilst giving executives accurate and timely reports. Employees can communicate with the HR department in their own time with the use of an easy-to-use mobile app.
It is a cloud-based system that allows growing and large companies to track and manage essential employee information in a personalized Human Resources Information System (HRIS)
Key Features:
- Applicants Tracking Systems (ATS)
- Employee Self-Onboarding
- Time-Off Tracking
- Employee Database and Records
- Performance Management
- HR Reporting
- Custom Workflows
- Electronic Signatures
- Payroll
Reasons to Buy:
- Easily create custom workflows to be more efficient in decision-making processes.
- For easy and detailed reports on any data in the system.
Reasons to Avoid:
- The Application Tracking system could use more improvements.
- There are a few glitches in the Teams Integration feature.
- The mobile app and website are not on the same level of functionality, in that the website has more tools.
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2. CakeHR– Best HR Performance Management Software for Responsive Customer Feedback.
PRICING: Starter: $4/month for a user.
With a roaring mission to be the leading HR software for major and top companies around the world, CakeHR has been growing rapidly to achieve this. It is available in over 50 countries worldwide and has a relentless effort in making timely improvements once every week.
HR can use CakeHR to handle requests and approvals, then track them in a shared calendar and reports digitally. Multiple users can access the same calendar data from any device to schedule meetings, and manage projects and resource planning.
Each employee can have an account, access it, and check important company information.
Key Features:
- Timesheets
- Leave management
- Shift scheduling
- Expenses
- Full employee, manager, and HR self-service
- Single sign-on
Reasons to Buy:
- Frequent updates are made to the software every week.
- It is efficient, safe, and a GDPR-compliant service.
- It has a flexible and functional shift planning module.
Reasons to Avoid:
- Too many updates may make finding relevant information cumbersome.
3. ELMO – Best HR Performance Management Software for Comprehensive and Detailed Reporting.
PRICING: Pricing is made available on contact with the software provider.
Elmo is a cloud-based human resources software that is mostly used in the United Kingdom, Australia, and New Zealand. It excels in assisting organizations in automating and streamlining activities in a variety of HR areas. Recruitment, onboarding, learning management, and a wide choice of pre-built courses are just a few examples.
This HR software has a course builder that can perform tasks such as inserting images or movies, editing text, adding voice-over, adding interactive elements, randomizing questions, and so on.
Key Features:
- Employee performance
- Talent recruitment
- Pre-built Courses
- Personalized onboarding
- Course builder
- Sophisticated LMS platform
Reasons to Buy:
- It has a user-friendly interface.
- You can personally manage and control your dashboard.
- It is best for comprehensive reporting.
Reasons to Avoid:
- items in the program are placed haphazardly making it difficult to find things quickly.
- The course building application can use a lot more improvement.
4. Oracle HCM Cloud– Best HR Performance Management Software for Advanced Features.
PRICING: Pricing is made available on contact with the software provider.
Oracle Fusion Cloud Human Capital Management is a comprehensive solution that connects every human resource process from hiring through retirement. This ensures a uniform user experience across platforms, provides a single source of truth for HR data to aid decision-making, and equips you with market-leading innovation to meet your needs now and in the future.
With it, each HR across the world can detect, manage and grow the skills of the workforce propelling the organization further.
Key Features:
- 360 Degree feedback
- Activity tracking
- API
- Boolean search
- Calendar managements
- Data Import/Export
- Customizable reports
- Expense claims
- Goal setting/tracking
- Leave tracking
Reasons to Buy:
- Databases are excellent and easy to get data from.
- Easy-to-use and helps customers run their daily activities and integrations with other customer products.
- Easily configurable.
Reasons to Avoid:
- A poor user interface and new updates are not solving the bugs in the system.
- It does not offer adequate customer support.
5. Ramco HCM – Best HR Performance Management Software for managing overall HR functions
PRICING: range of $80-$225 per user for access to the entire HCM suite. ESS fee of $1-$5 per employee.
This system can be used by the HR department to manage employee migration across buildings, departments, and positions. With time input, scheduling, and time-off management, as well as the ability to precisely report absences or overtime, Ramco can be used to keep track of time and attendance records.
It can also be used by recruiters to find fresh talent, manage application applicants, make selections, and place job offers, among other things.
Key Features:
- Budgeting/Forecasting
- Career Development
- Compensation Management
- Time Off Management
- Time Off Requests
- Timesheet Management
- Training Management
- Variable Workforce
- Leave Tracking
- Onboarding
Reasons to Buy:
- Functions are excellent and meet an average company’s requirement.
- Flexibility in configuring the modules per organization requirements instead of company customization.
Reasons to Avoid:
- The interface is not user-friendly
6. Talentia HCM– Best HR Performance Management Software for
PRICING: Pricing is made available on contact with the software provider.
Talentia’s HCM software is the best software for managing, organizing, and motivating its employees. It is used by hundreds of people worldwide to get practical, cost-effective, and scalable solutions designed to fit any company’s needs.
HR can use this software for standardizing company-wide data and processes.
Talentia employees can use the software to help themselves to information and manage HR processes online. Information can be better passed around using this software and employees can get tasks that ought to be done efficiently.
Key Features:
- Anonymous Feedback
- Candidate tracking
- Calendar Sync
- Email templates
- File management
- Event calendar
- Real-time chat
- Rewards management
- Skills assessment
- Skills tracking
Reasons to Buy:
- The user-friendly and customization level is top-notch
- Feedback gotten from users is always looked into and worked upon for later updates.
Reasons to Avoid:
- The usability is quite low. Users have to be thoroughly trained to use the app.
- Documentation and reporting capabilities are not standard.
- It can configure and simplify as it has lots of options to set up to suit individual company.