Want to know all about employee performance management software? You are on the right page. According to a 2019 Workhuman Analytics & Research Institute survey, 55% of employees said yearly reviews didn’t boost their performance. In the same survey, experts identified that 53% of employees said that performance reviews didn’t show the work they do.
That’s why you need to redefine your yearly review policies if it is not working for you. You probably also need to change your or get a performance evaluation software. It will ensure that your methods of consistently tracking individuals, teams, or businesses’ performance are effective.
So, in today’s post, we will take you through the A to Z on employee performance management software. Today, you will get useful insights on performance handling software and much more. By the end of today’s post, you will know all about this software that accrues performance evaluations and will have the best software to implement. So, let’s dive right in.
3 Parts of a Performance Management System
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A good performance evaluation system, which top tools for managing performance accrue has 3 elements. In a typical scenario, you will set goals first, then review and boost employee performance. With that being said, let’s see how each step adds up.
1. Goal Setting
The first thing you will simplify with your employee performance management software is your goal setting, which is setting team and member objectives. The idea here is to set specific, transparent, and measurable goals. Overall, these objectives must align with your organizational values and targets. Usually, there are 3 types of goals your teams will fulfill.
- Purpose-oriented goals are continuously used over time and are set based on the meaning of individual role success and KPIs. For example, keeping customer satisfaction at least 95%.
- Project-oriented goals are set based on the forecasted outcome of a project. For example, deliver the first phase within a month.
- Professional growth goals are set based on what an individual requires to outgrow themselves. For example, participate in at least 2 yearly technical training courses.
Another thing to consider is to set SMART goals with your leading systems for managing performance.
1.1 SMART Goals
To set SMART goals with your employee performance management software, you need to know what it means first. SMART is the abbreviation for Specific, Measurable, Achievable, Realistic, and Timely. With that being said, let’s see how you can act SMART.
- Your goals must be well set, clear, and unambiguous.
- Your objectives must provide useful data, which can be used to track the performances via performance appraisal processes.
- The objectives you define must be attainable.
- The goals must be accessible, practical, and relevant.
- The objectives must have a timeline.
2. Performance Review
The next step involves reviewing your employees’ work performance with your employee performance tracking software. This part is basically how you evaluate employee work progress. Moreover, for your modern organization, we recommend the feedforward method during the 1:1 meetings.
- Focus on the past
- Review previous work
- Describe what has been done so far
- Emphasize what did and didn’t go well
- Do most of the work
- Ask what your employee will do differently next time
- Debate on the task
- Effectively use your time
- Your employees get inspired as this method focuses on strategy
3. Performance Improvement Plan
Now, since you have got accurate results, it’s time to improve employee productivity and the efficiency of your employees. Here, everyone, including your best workers, needs to have that plan. Moreover, a great PIP ensures:
- Each person understands what’s affecting their work.
- Each person knows how to execute the plan.
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What is Employee Performance Management Software?
So far, so good. However, till now, you must have come across the term, employee performance management software. So, what is it? The said software is a solution which helps businesses evaluate and track employee productivity and performance. Using such software can ensure that:
- Your employees and teams are working towards your objectives.
- It can help your managers make better decisions about development and compensation.
Typically, performance review software has these features:
1. Goal Setting
This feature of software for managing employee performance saves you so much time and chaos. The tool lets you set and share transparent goals in a user-friendly platform within minutes. So, no confusion, only success.
2. Tracking
Employee performance management software solutions also provide amazing features to track the progress of goals. These include employee activity and KPI monitoring and management. That, too, with multiple views, insightful reports, and color-coded timesheets.
3. Feedback
Based on your metrics and other configurations, the software to manage employee performance can also provide you with unbiased feedback on the work of your employees.
4. Recognition
Based on artificially intelligent functionalities, employee performance management solutions can also help you with improving your staff recognition & reward system.
5. Reviews
Software solutions for managing employee performance also provide you with many ways to review the work productivity of your employees. This includes review reports and more. Overall, it provides you with a 360-degree overview of what’s going on in your organization.
6. Feedback
Similar to reviews, employee performance management tools also provide a structured yet flexible feedback system for your employees and teams. For example, your manager can be biased or may miss out on crucial details. However, colleagues have closely seen how their peers work and can provide better feedback. For that, the peer-to-peer feedback feature of your software to manage employee performance will come in handy.
7. Coaching
Based on the insightful reports, your employee performance management system will also provide you with useful links and training resources. These can be customized to the skill level and preferences of your staff members.
8. Automated Workflows
Software for managing employee performance also automates your workflows to save time and money. This is through integration with the other tools and apps you use to streamline processes.
9. Access Controls
Employee performance management systems also provide a better access-level security with access controls. For instance, your staff members cannot change the goal standard configurations to suit their needs.
Plus, we can’t forget the mobile app or mobile version that comes with every software in the monitoring and management sector. For instance, the mobile version of time tracking software.
5 Benefits of Using Employee Performance Management Software
Implementing software for managing employee performance ensures work integrity and automated, streamlined workflows, which earn you more productivity and profitability. As a starting point, these are the key benefits you get from using the best employee performance management software.
1. Goal Transparency
As we mentioned before, software to manage employee performance ensures that there is no chaos within your organisation as everyone has a clear idea of what to do with transparency on the KPIs, expected outputs, and deadlines.
2. Better Accountability & Responsibility
Since you and your employees have a clear idea of the goals, outputs, deadlines, and KPIs, employees now have no excuse to slack off. Plus, due to the goal tracking feature (the real-time one if you are using the best software solution), you can easily identify the ones responsible for any project delays.
3. Improved Employee Efficiency
When everyone knows their roles and responsibilities and are more accountable, it leads to more employee efficiency as you continuously track what’s happening in your organization. Nothing can get past the all-seeing eye of employee monitoring software.
4. No Micromanagement
Or employer favouritism, or biased management for that matter. Implementing employee performance management systems ensures that you are forced to refrain from all that. The tool ensures that all decisions are fair as they are taken based on data-driven insights.
5. Continuous Performance Improvement
Software solutions to manage employee performance provide businesses and organizations with a standardized way to continuously evaluate performance to move more and more towards success. This is via transparent goal setting, tracking, and insightful reporting.
8 Steps to Choose the Best Employee Performance Management Software?
The above did it for an overview of Employee performance management software. Thus, you might want to implement one right away in your organization. However, not so fast. If you are implementing performance software, you are implementing the right one.
1. Evaluation Criteria
The first step in choosing one of the tools for managing performance for businesses is you must have an evaluation criteria. The best practice here is to determine your KPIs and metrics as per your goals and objectives.
2. Scalability
One of the other criteria to look for in employee performance management software is scalability. The best performance software will adapt to the ever-changing needs of your businesses. Thus, this will save you time and money.
3. Customization
No one buys and implements rigid employee performance solutions these days. Do they? That’s why it is essential to look for performance software which is customizable as per your business’s requirements.
4. Integration
Employee performance management software solutions that allow integrations are better as they save you time and costs. Software that seamlessly integrates with your tools streamlines data management and processes.
5. Interface
When choosing one of the popular platforms for managing performance, you also need to look for systems with a user-friendly interface. This ensures adoption and usage throughout your business.
6. Data Security
Data security is a vital aspect when looking for employee performance management software. It should be your priority to choose software that has data safety and compliance adherence mechanisms in place. It will ensure the protection of sensitive employee information.
7. Feedback Mechanisms
When choosing one of the top tools for managing performance, feedback mechanisms are also essential. We recommend selecting a software solution with continuous development and improvement through communication tools.
8. Support and Training
The more you and your employees use the employee performance management software, the more the benefits. Thus, if the software you choose provides ample training and support resources, the results of implementation and usage will be more fruitful.
Top 10 Employee Performance Management Software
So now that you know how to choose the best most requirement-fitting performance evaluation software. The next step is to choose and implement the software solution in your organization. That is, if you have the time for it amidst your other essential tasks. Fortunately, we have made the list of the best 10 performance software for you.
- DeskTrack
- Mitratech Trakstar
- Deel
- Primalogik
- ClearCompany
- Lattice
- PerformYard
- SurveySparrow
- ThriveSparrow
- Leapsome
1. DeskTrack
DeskTrack is the best employee performance management software and an all-rounder integrated system for employee monitoring and time tracking. Thanks to its accurate real-time performance reports, it becomes simple for your managers to make better data-driven decisions.
Key Integrations:
- HRMS
- Zoho People
- Vitel Global
- Biometric
- Jira
| Best For | Initial Pricing | User Rating |
| Best overall | $5.99/user/month | 5/5 |
2. Mitratech Trakstar
Identify performance trends and improve your employees’ work performance with one of the leading systems for managing performance. Mitratech Trackstar provides you with data analytics to keep your employees on track.
Key Integrations:
- Google Workspace
- Okta
- OneLogin
| Best For | Initial Pricing | User Rating |
| Goal progression assessments | Quote on contact | 4.3/5 |
3. Deel
Deel is an all-rounder HR platform. Designed to simplify the management of international teams, it helps you facilitate one-on-one meetings along with helping you hire, onboard, and pay globally.
Key Integrations:
- BambooHR
- Expensify
- Greenhouse
- Ashby
- Workday
- HiBob
- Xero
- Workday
- Netsuite
- Okta
- OneLogin
- Quickbooks
- SCIM
- Slack
- Workable
- API
| Best For | Initial Pricing | User Rating |
| Continuous one-on-one feedback | Flat rate pricing | 4.8/5 |
4. Primalogik
This next employee performance management software on our list is known for 2 things. With customer-centricity and product-simplicity, it helps you boost employee engagement and empower your employees to reach their full potential.
Key Integrations:
- ADP
- BambooHR
- Google Workspace
- Microsoft Azure
- Okta
| Best For | Initial Pricing | User Rating |
| Advanced benchmarking and performance comparison tools | $159/month | 4.6/5 |
5. ClearCompany
What we like about this employee performance tracking software is the 360-degree feedback feature, allowing your users to anonymously share feedback. Plus, it provides you with insights into your employee’s strengths, weaknesses, and improvement areas.
Key Integrations:
- Assessment test solutions
- Calendars
- Background checkers
- ADP
- Absorb
- AccuTrace
- BambooHR
- Checkr
- eSkill
- GrowthPlay
- Office 365
- Okta
- OneLogin
- Predictive Index
- Ping Identity
- Skill Check
- Wonderlic
| Best For | Initial Pricing | User Rating |
| Engagement and performance tracking | Quote on contact | 4.6/5 |
6. Lattice
Lattice is employee performance management software that lets you set goals, run surveys, track performance, and reward top employees with ease. Moreover, what we like about this software is that it makes it simple to distribute surveys and performance reviews.
Key Integrations:
- BambooHR
- Jira
- Microsoft Teams
- Okta
- Slack
- Zenefits
| Best For | Initial Pricing | User Rating |
| Consistent 360-degree feedback | $11/user/month | 4.7/5 |
7. PerformYard
PerformYard is the performance evaluation software which provides your HR teams with the tools needed to make employee evaluation strategies. Plus, your teams also get a streamlined experience to focus on quality feedback and fruitful performance discussions.
Key Integrations:
- ADP
- BambooHR
- Gusto
- Rippling
- UKG
- Paycom
- Workday
- Paylocity
| Best For | Initial Pricing | User Rating |
| Streamlining performance management processes | $5-10/user/month | 4.7/5 |
8. SurveySparrow
SurveySparrow is employee performance management software with a primary focus on online surveys and customer experience. What we like about this software solution is the 360-degree reports that leave no bias.
Key Integrations:
- MailChimp
- Zapier
- Google Tag Manager
- HubSpot
- Intercom
- Salesforce
- Slack
- Stripe
- Google Analytics
- Karbon
- Freshdesk
| Best For | Initial Pricing | User Rating |
| 360-degree performance reviews | $19/month | 4.4/5 |
9. ThriveSparrow
What makes ThriveSparrow one of the best performance review software is it’s AI-powered. Designed to enhance workplace performance, it provides you with well-rounded evaluations and a full view of employees’ performances.
Key Integrations:
- BambooHR
- HiBob
- HR Partner
- Sage HR
- Gusto
- Personio
- 7Shifts
- Dayforce
- Justworks
- OneLogin
- JumpCloud
- Oyster
- UKG Ready
- Officient
- Humaans
| Best For | Initial Pricing | User Rating |
| Robust analytics tools | $2/user/month | 4.5/5 |
10. Leapsome
First of all, Leapsome is an all-in-one employee performance management software designed to help you enhance your management processes. Plus, it also helps you measure and improve employee satisfaction over time.
Key Integrations:
- Active Directory
- ADP
- BambooHR
- GSuite
- HiBob
- Jira
- Microsoft Teams
- PayFit
- Personio
- Rippling
- Slack
| Best For | Initial Pricing | User Rating |
| Bridging the gap between performance, engagement, and learning | $8/user/month | 4.8/5 |
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Top 5 Industries Where Employee Performance Management Software Is Essential
Software solutions for employee performance management are essential for businesses in all sectors. However, these 5 industries find the tool very handy. Here are the reasons why.
1. Healthcare
Healthcare industries have a lot of work to rush and continuous processes to keep up with. Patients coming and going, doctors on immediate duty, and unexpected emergencies are a part of their 9 to 5. However, amid the chaos, the right employee performance management solution provides accurate data on how your doctors and nurses can improve performance.
2. Tech
Where else will the software for employee performance management be more useful than the tech industry? Since all the work is done mostly on computers and computing devices, the tool will work the most efficiently in this environment.
3. Education
The education industry has continuously been developing to be more intuitive, flexible, and versatile. For instance, now, we have eLearning platforms and online educators, which allow students to access learning from anywhere and at any time. Here, with the right employee performance management software, you can:
- Set transparent education objectives for all educators.
- Track educators’ performance
- Get unbiased feedback from learners to improve the quality of teaching.
4. Game Development
Businesses in the game development industry need software for employee performance management because of multiple KPIs, deadlines, timelines, and milestones which need simultaneous handling. Using this software solution, game development teams can automate workflows and processes to:
- Eliminate chaos
- Streamline processes
- Save time
- Reduce expenses
- Boost profitability
- Keep updated with consumer requirements (feedback and reviews)
5. Media & Entertainment
The situation in the media and entertainment industry is quite similar to the game development sector, if not the same. So, choosing the right employee performance management solution is crucial.
Why is DeskTrack the Best Employee Performance Management Software?
DeskTrack is the top tool for managing performance and also the best software for all things related to employee monitoring and time tracking. Thanks to its plethora of features, it becomes simple for you to take charge of your teams and boost your business productivity to success. With DeskTrack, you get the best features for:
- Real-time time tracking
- Real-time activity monitoring
- Automated timesheets and task timers
- User-friendly interface
- Real-time performance reporting and much more
Conclusion
Now, we hope you are clear about employee performance management software. To summarize, reviewing the performance of your employees and teams accurately is the only way to improve their productivity to success. However, without the right tools, applications, and methods, it will be inefficient and time-consuming. That’s the reason you need to know the proper way to set goals, review performances, and make the best performance improvement plans. However, only with the right performance handling software will you get the desired output. Thus, it’s essential to evaluate all the features and criteria for selecting the best requirement-fitting tool for your organization. That’s why we recommend always going through expert shortlists like this one to save you valuable time. But what if you need more than software for evaluating work performances? DeskTrack is the best all things employee monitoring software in the industry.
Frequently Asked Questions (FAQ)
Q. What are the 5 Steps of Managing Employee Performance?
Ans. To effectively manage the performance of your employees, you need to follow this process.
- Planning
- Monitoring
- Developing
- Rating
- Rewarding
Q. What is Employee Performance Management Software?
Ans. Employee performance management software solutions are feature-rich digital tool packages. What it does is allow businesses to effectively track, analyze, and evaluate the work performance of their teams and employees. The software can distribute feedback forms, collect data, manage HR tasks, analyze data, and securely store feedback.
Q. What are the Features of Employee Performance Management Software?
Ans. The best employee performance management software solutions work on these key features.
- Goal Setting
- Tracking
- Feedback
- Recognition
- Reviews
- Feedback
- Coaching
- Automated Workflows
- Access Controls
Q. What are the Benefits of Employee Performance Management Software?
Ans. Staff performance management software provides you with these key benefits.
- Goal Transparency
- Better Accountability & Responsibility
- Improved Employee Efficiency
- No Micromanagement
- Continuous Performance Improvement
Q. Which Indsutries Benefit the Most from Employee Performance Management Software?
Ans. These industries benefit the most from using software to manage staff performance.
- Healthcare
- Tech
- Education
- Game Development
- Media & Entertainment
Q. What are the Best Performance Evaluation Software Solutions?
Ans. To help you select one of the top tools for managing performance, we shortlisted the best 10 options.
- DeskTrack
- Mitratech Trakstar
- Deel
- Primalogik
- ClearCompany
- Lattice
- PerformYard
- SurveySparrow
- ThriveSparrow
- Leapsome
Q. What are the Latest Trends in Employee Performance Management & Monitoring?
Ans. Here’s what you need to keep up with when monitoring the performance of your staff.
- Real-time performance tracking
- Continuous feedback
- Focus on employee well-being and growth
