10 Best Performance Management Software to Use in 2024

A performance management system is indispensable for the proper organization of employee workload. Using this type of workforce management software, team leaders can define goals and objectives, distribute tasks, monitor progress, and provide timely feedback.

Besides, such tools are helpful for succession planning and performance reviewing.

Top 10 Performance Management Software

  1. Namely - Universal HR solution
  2. Lattice - Career tracking options
  3. Paycor - Performance management templates
  4. Synergita - AI-based sentiment analysis
  5. BambooHR - Feature-packed mobile app
  6. PerformYard - Provides continuous feedback
  7. Workday - Skills management features
  8. Engagedly - Software with integrations
  9. Reviewsnap - Goal setting solutions
  10. Trakstar - For coaching purposes

All performance management software listed below are great platforms for managers and employees to interact productively, set short- and long-term goals, keep tabs on project execution, share feedback, and discuss concerns.

1. Namely – Our Choice

Universal HR solution
  • Newsfeed with Slack integration
  • Recognition features
  • With managed payroll
  • Self-service employee portal
  • Confusing pricing

Verdict: This performance management platform can fully satisfy the needs of medium-sized businesses. It includes standard management features for setting and tracking goals, sharing feedback and performance reviews, as well as publishing appreciations.

In addition to a regular toolset, this software also includes some options typically available in recruitment programs. For instance, managers can perform job posting and syndication, keep an eye on applicants, start background checks, and send offer letters. Moreover, Namely possesses some instruments of org chart software, including HR employee portal, analytics, and reporting.

The standard plan costs $16/month. If you want to access more advanced functionality, you need to get in touch with the developer and learn the price. Premium users can take advantage of administration, compliance advice, and recruiting options.

namely performance management software interface

2. Lattice

Career tracking options
  • Optimized for mobile devices
  • Has performance evaluations
  • Confidential check-ins
  • Employee praise and recognition
  • Few templates
  • UI can be buggy

Verdict: Lattice is cloud-based employee performance management software, using which HRs can organize their team and monitor task execution. Besides, this online collaboration software contains instruments for distributing responsibilities, defining objectives and adjusting them if needed, as well as performing check-ins to prevent any problems.

The program also comes with cool extras for e-signing papers, collecting and analyzing data, scheduling public celebrations, carrying out surveys and providing continuous feedback. Users can also build development plans, track careers, and leverage AI sentiment analysis.

Thanks to a well-thought-out combination of traditional HR processes and innovative technologies, the software allows getting the most out of any cooperation. The lowest cost is $4/month per person. For an advanced plan, you need to pay $11/month.

lattice performance management software interface

3. Paycor

Performance management templates
  • Self-serve employee portal
  • Limitless payroll runs
  • Advanced HR tools and library
  • Works on mobile
  • Unclear pricing policy
  • Time tracking is available as an add-on

Verdict: With Paycor, determining goals, tracking progress, and sharing feedback will be an easy task. Besides, users can collect data and determine sore points to make improvements in a prompt manner.

Paycor is also one of the most popular payroll software among small businesses and that is for a reason. First off, there are multiple payment options so companies can start with the most basic version and then level up functionality tier by tier.

Besides, this program supports limitless payroll runs, which is very helpful if a company has different payroll schedules.

When using this performance management solution, you can also leverage coaching strategies, team insights, and one-on-one instruments. Another terrific feature is integration with Gmail and Outlook. As for pricing, there are 4 plans to select from but you need to contact the team to learn their cost.

paycor performance management software interface

4. Synergita

AI-based sentiment analysis
  • Intuitive goal creation and tracking
  • Works smoothly on portable devices
  • Employee performance trends
  • Provides peer recognition
  • Reporting tools aren’t the best
  • Lacks chat support
synergita performance management software
Synergita

Verdict: Synergita is the best performance management software if you need to grapple with multiple tasks and want to divide responsibilities across team members in the most efficient way. It harnesses AI capabilities to analyze the performances of different employees and define issues instantly. Besides, the software includes such features as private meetings, employee perception surveys, appreciation recognition, 360º feedback, and development plans.

If you also need task management software, you can rely on Synergita. It comes with modern tools and features, so HRs may forget about cut-and-dried techniques and use the latest innovations. The possibility to maintain continuous coaching and development-focused feedback can be a game-changer for many.

With Synetgita, team leaders and managers can better visualize objectives, KPIs, competencies, and achievements. The lowest price for all these goodies is $4/month per user.

synergita performance management software interface

5. BambooHR

Feature-packed mobile app
  • Centralized employee database
  • Offboarding features
  • Notifications upon goal update
  • Company-wide reports
  • Prices by request
  • No free plan
bamboohr performance management software
BambooHR

Verdict: BambooHR is a human resource information system that can cater to the needs of small and medium-sized companies. It allows managers and team leaders to have all information about staffers saved in one place.

You can also use the productivity app by BambooHR for establishing goals, tracking progress, and sharing insights. It is very convenient that managers are notified about all major activities such as new comments, goal completion, and the like. Keeping tabs on overall interaction is also possible from a single screen.

In addition to recruiting and onboarding capabilities, the software has HR features such as time-off tracking, payroll compensation, and employee management processes. Unfortunately, the payment system is very confusing and you need to contact representatives to learn the cost.

bamboohr performance management software interface

6. PerformYard

Provides continuous feedback
  • Quick reviewer assigning
  • Track note option
  • Rich customization
  • Possibility to send feedback requests
  • No integration with DevOps
  • No monthly payment options
performyard performance management software
PerformYard

Verdict: This performance management software is in high demand among companies that want to boost overall productivity by defining goals and motivating team members all the time. Besides, it allows managers to keep tabs on different processes and collect feedback in a jiffy.

The program has data visualization tools https://fixthephoto.com/best-data-visualization-tools.html (Best Data Visualization Tools List) that will come in handy if team leaders want to see the progress and dedication of every employee. Moreover, there is a live progress dashboard for making reasonable decisions without delays.

Other useful features worth mentioning are goal management, reminders & reviews, and dynamic objectives. The price ranges between $5 - $10 per month per user.

performyard performance management software interface

7. Workday

Skills management features
  • Create succession pools
  • Adjustable options
  • Job interest assessments
  • Great integration
  • Unclear pricing
  • Free trial by request
workday performance management software
Workday

Verdict: This is a universal platform for establishing and maintaining a convenient workflow. It integrates with different business apps for even more streamlined communication within a team. For instance, executives can expedite recruitment and onboarding processes, manage performance, and deal with compensation programs in one environment.

The most lauded features of Workday are reporting and analytics. Using it as report writing software, you’ll be able to track and collect performance data, analyze the results of different employees, and make well-grounded business decisions.

In general, this is a great instrument for searching and screening an ideal candidate for the job. You will be able to find top talents without spending much time on interviews. The software costs $99/month and requires a custom quote.

workday performance management software interface

8. Engagedly

Software with integrations
  • Online learning with LMS
  • Offer a mentoring program
  • Gamification system through points
  • Responsive tech support
  • Pricing is confusing
  • The UI calls for improvement
engagedly performance management software
Engagedly

Verdict: This is another cloud-based performance management solution with handy integrations. Using it, you can organize onboarding activities, staff learning, review performance and modify goals in the process.

Thanks to integrations with Google SSO, Okta, Personio, ADP Marketplace, Gusto, Slack, BizLibrary, and Paylocity, dealing with various business tasks becomes very easy. Besides, you can gather reviews and perform analysis to nip problems in the bud.

Possessing some features of contact management software, Engagedly can improve communication and collaboration among team members. The prices are revealed by request.

engagedly performance management software interface

9. Reviewsnap

Goal setting solutions
  • Self-evaluating feedback
  • Real-time management
  • Online employee assessment
  • Statistics dashboard
  • The system is awkward
  • Finalization process should be improved
reviewsnap performance management software
Reviewsnap

Verdict: This program is specifically aimed at companies that want to enhance employee performance by dint of goal setting and customizing. For example, admins can choose specific criteria and gauge the progress of each employee based on them. If you want to speed up customization, you can choose from pre-designed templates.

Reviewsnap also includes some functions from scheduling software, making it possible to rank goals, develop step-by-step plans, add supporting documentation to goals, and collect analytics in real-time.

Viewing details of every task performed by an employee is easy from a personalized dashboard. There managers can also view achievements, rewards, compensations, and engagements. To get a unique, no-obligation price quote, you have to fill out the form.

reviewsnap performance management software interface

10. Trakstar

For coaching purposes
  • Weighted performance measures
  • Succession planning function
  • Customization and implementation
  • Allows tracking appraisals
  • Unresponsive support
  • Pricing issues
trakstar performance management software
Trakstar

Verdict: This is an online performance appraisal program that you can use to evaluate the progress and participation of every employee, manage feedback and reviews, as well as determine and prioritize goals.

Moreover, this project management software will fit the bill if you want to arrange workflows in accordance with specific organization needs and make customized forms.

The most notable features of this performance management system are 360-degree feedback, custom rating, a self-service portal, and skill assessments. Similar to analogs, it has no fixed prices.

trakstar performance management software interface
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