Are you looking to set higher standards for your employees’ performance? It’s easy to use performance management tools. We’ve analyzed the top seven providers, compared dozens of features, and recorded all below. PerformYard is our choice for the best performance management platform. This platform is easy to use, yet it offers many features that will greatly improve your performance management.

Performance Management Software that is Best for All Users

PerformYard

Best for the Most

PerformYard has everything you need for performance management. You can organize reviews, give feedback, and chart progress in a variety of ways with PerformYard, including quarterly assessments, spontaneous 1:1s, and recognition of winners. All of this and more is included in one affordable package.

PerformYard recognizes that there are many ways to monitor your employees’ performance. There is no single way. They have packed their software with flexible ways to provide feedback and chart improvement, including 360s, peer reviews, and continuous and traditional feedback.

You want more than a quarterly scheduler. PerformYard goes beyond this distinction. It has a powerful dashboard that displays goal management progress and performance KPIs. There are also automation features that streamline reviewing across departments or teams. PerformYard features are available to assist you in improving your performance management.

These are the Best Performance Management Software Options

1. PerformYard is the best performance management software available.
2. Namely is the best all-in-one HR and performance management tool.
3. Workday Best for human capital management
4. Cornerstone OnDemand Best for identifying top performers
5. Lattice is best for employee feedback
6. Reflektive Best for 1:1 reviews
7. 7Geese is the best for remote employee management
8. Eloomi is the best for employee development

When it makes sense to invest in Performance Management Software

Performance management software is a great tool for most organizations. This software can help you improve the performance of your staff by allowing them to conduct quarterly, annual, or monthly reviews.

Performance management tools can be used to manage talent acquisition and HR. They can manage the entire employee lifecycle starting with onboarding and training.

Remote workers who work remotely should use performance management software. It makes it easy for managers to set clear goals and objectives, without having to meet in person.

Performance management solutions are essential even for traditional offices. Without interrupting their daily work, managers can provide immediate feedback and reviews to staff members.

Small businesses with a few employees can use performance management software. This is especially true for managers who have frequent one-on-one conversations with employees. As companies grow and the management of feedback becomes more difficult, it is essential to upgrade to performance management software.

#1 – PerformYard – Best Performance Management Software For Most

PerformYard

Best for the Most

PerformYard has everything you need for performance management. You can organize reviews, give feedback, and chart progress in a variety of ways with PerformYard, including quarterly assessments, spontaneous 1:1s, and recognition of winners. All of this and more is included in one affordable package.

PerformYard makes performance management simple and easy for both employees and administrators.

The software can be customized to meet your specific needs.

You can easily set up any type of feedback touchpoint, evaluation, or regular review. PerformYard allows you to customize the forms used for reviews. These can be completed by employees or their supervisors. You can also set the time at which they should be sent, filled out, and reviewed.

PerformYard allows you to automate as much as you like with PerformYard. You can send and review items from your computer with just one click. The software will also automatically email reminders to all parties.

PerformYard makes it easy for managers and administrators to keep track of all aspects of review cycles, no matter the time or number involved. It provides real-time data on its live dashboard that allows them to see what is happening.

The dashboard provides data on review cycles and how well you are hitting goals in goal management. It also allows you to generate reports as needed.

PerformYard also offers a variety of features that will enhance your ability to give feedback on performance.

• You can conduct 360-degree assessments.
• All employee and team review notes should be kept safe
• For timely, in-the-moment performance management, initiate 1:1 reviews
• After a win, praise your team members and share it with everyone

PerformYard will need to provide an exact price for their platform. However, you can request a quote for either one of their feature packages.

The PerformYard Professional package includes all the essentials and is priced at $4-$8 per employee per month. You’ll have access to:

• Goal management and performance reviews
• There are many ways to review performance such as 360s, peer reviews, and continuous feedback
• OneLogin, Okta, and Google allow you to sign on once.
• PerformYard’s dedicated customer success manager

Do you need a custom-fit version? You don’t have to worry. The Enterprise package from PerformYard comes at a customized price but includes a senior customer support manager, enhanced employee tools, data integrations, custom implementations, and much more.

Don’t wait. Get a quote or start a demo of PerformYard today to improve your methods of evaluating employee performance and your ability to give feedback and guidance.

#2 – Namely – Best HR + Performance Management

Namely

Best for HR + Performance

Namely is a modular, all-in-one talent management platform that small and mid-sized businesses can use to improve their HR processes. It offers solutions for onboarding and recruiting, payroll, attendance, and many other areas. This makes it an affordable and flexible all-in-one HR solution that is both versatile and cost-effective. Get a free demo and a custom quote today!

Also known as an all-in-one solution for human resources and payroll administration. It also provides talent management. You can manage all the key workforce-related areas of your business in one convenient location.

Namely is the best choice for anyone looking for an HR tool that has solid built-in talent management capabilities.

Namely’s a unique feature is that employees can give their reviews about their performance. This is a great way for staff and management to see each other in certain categories.

Namely is an all-in-one platform that offers features for employee onboarding. You can establish the tone and set expectations for employee performance from the beginning of the employee’s lifecycle.

Namely performance management tools have some of the best features:

• Unlimited performance reviews and assessments
• Templates customized
• Automated review cycles
• Establish performance goals
• Define competencies
• Each department should keep track of specific tasks and processes
• Recognition and appreciation of employees

It makes it simple to gather performance-related questionnaires for management, employees, or peers so that decision-makers have a complete view of all aspects of performance.

Namely offers many additional features that can help you get the most from your account, such as extensions for time and attendance, and recruiting.

Namely doesn’t publish pricing information on its website. However, you can contrast the offerings and request a demo to view the tool.

#3 – Workday Review – The Best for Human Capital Management

Workday

Best for Human Capital Management

All the information you need to manage your most important asset, people–in one location. Workday makes it easy to create a skills-based talent management plan that will allow you to support long-term employee growth. You can access various feedback options, detailed development plans, and self-service dashboards.

Workday, another software provider, offers a broad range of products and solutions. Their specialty is human capital management (HCM).

Managers can use the HCM platform to develop a skills-based strategy for talent. Managers can use this platform to help develop talent and prepare employees for long-term success.

The workday can be used by organizations for talent acquisition, skill development, curated learning, and talent development. Workday is ideal for giving feedback to employees anytime. Managers don’t need to wait until the annual review to give feedback to employees.

Workday offers continuous coaching and feedback right within the platform.

Workday is a complete HCM solution that offers many benefits, including:

• Management of human resources
• Management of the workforce and payroll
• Self-service tools for employees
• Talent recruitment
• Reporting and detailed analytics
• Goal setting
• Employee check-ins
• Employee development plans

It is simple to use and can scale easily. Workday is used by industry leaders such as GE, Comcast, and Dell for performance management.

View a 3-minute demo video with testimonials from clients. Contact the sales team to get your HCM and performance management system.

#4 – Cornerstone OnDemand Review – The Best for Identifying Top Performers

Cornerstone OnDemand

The Best Way to Identify Top Performers

Visually assess your top performers and get all the data and analytics you need to close any skills gaps in your talent pipeline. You can create development plans, automatically classify employees, reward top performers, create observation checklists, and more.

Cornerstone OnDemand provides a cloud-based performance management solution for all businesses. It is used in a variety of industries including hospitality, education, retail, financial services, and technology.

Cornerstone OnDemand is used by more than 42 million people across 192 countries. For over 20 years, they have been offering business solutions.

Cornerstone OnDemand’s unique feature is its ability to help managers differentiate between their employees. Cornerstone OnDemand has tools that allow you to evaluate your employees, identify the top performers and close any skill gaps in your talent pipeline.

Cornerstone OnDemand provides management with a visual tool to keep an eye on performance. Managers can also place employees in internal categories such as “future leader”, “high potential” and “monitoring,” so that no one is left behind.

Cornerstone OnDemand also has other notable highlights like:

• Manage and create employee development plans
• Increase employee goals
• Check out workflows
• Ability to manage both individual and team goals
• Recognize top performers
• You can categorize employees by department or location
• Observation checklists
• Compliant performance processes

Cornerstone OnDemand stands out with its unique dashboards and visualizations. Managers can make confident decisions about their talent by using these tools based on real-time data and insights.

Cornerstone OnDemand can manage your performance management requirements regardless of whether you have 20 employees or 200. To get started or discuss your requirements, request demo

#5 – Lattice Review – The Best for Employee Feedback

Lattice

Best for Employee Feedback

You can manage your employee performance with the same tools you already have, but without having to pay for extra HR features. Lattice is known for its simplicity and encourages employees to grow over time. It includes goal setting, growth plans, and peer reviews. Each user can assign unique roles to ensure everyone has access to the information they need.

Lattice can be used as a standalone performance management system. This software is ideal for small businesses that don’t require advanced HR features.

Lattice is trusted by Reddit, Asana, and Slack among over 2000 other companies.

Lattice’s interface is simpler than other options on the market. Managers can easily give feedback to their employees based on their performance. All of this is accessible from a simple dashboard.

Lattice allows managers to collect feedback from their peers and managers. It is great for highlighting achievements and pointing out areas that need improvement.

Here’s a quick overview of how Lattice is helping companies:

• Setting goals and OKRs
• One-on-one meetings
• Plans for growth
• Continuous feedback
• Recognize and praise employees
• Actual-time updates and priority setting

Lattice allows employees to give feedback to their co-workers and managers at any time. This culture of continuous feedback can be a great tool for talent development.

Lattice provides performance management solutions from multiple perspectives. Different needs are met by managers, employees, and HR departments. The software can be used to fulfill different roles.

To get started with Lattice, schedule a demo.

#6 – Reflektive Reviews — The Best Performance Management Software For 1:1 Reviews

Reflektive

Best for 1:1 Reviews

Are you looking for a better way to schedule, manage and conduct 1:1 employee reviews? Reflektive provides everything you need to improve retention and performance throughout your business. It also offers personalized reviews that will help you to build stronger relationships. You can request feedback from any member of the team, set goals, and create action plans.

Reflektive was created to increase employee engagement and improve performance. Reflektive is used for performance management. This also benefits organizations.

Reflektive is used for performance management by well-known companies such as Squarespace, Eventbrite, and Airbnb.

This software is ideal for managers looking to improve their relationships with employees. The software includes tools that allow for regular one-on-one meetings. Employees and managers can also track actions and meetings over time.

Reflektive also allows people to request feedback on their performance. You can ask for feedback from your team, the management or anyone in the company. You can also ask your coworkers for feedback.

Reflektive has several notable features, including:

• Individual goal setting
• Goals for teams
• Alignment of company goals
• Scalable 1:1 meetings
• Continuous performance reviews
• Employee check-ins
• Recognizing employees and their achievements
• Benchmarks and sentiment analysis
• Suggestions for action

Reflektive is a firm believer in growth and development. This is the ideal tool for managers who have a hands-on approach to managing their employees and want to maintain open communication with them.

For a consultation on performance management, contact the Reflektive Sales team today.

#7 – 7Geese Review – Remote Employee Management at its Best

7Geese

Ideal for remote teams

Remote teams are faced with their challenges and setbacks because face-to-face meetings don’t exist. 7Geese can help you manage your employees by understanding these issues and delivering a customized solution that will work for your business. It allows you to track your career progressions, schedule 1:1 meetings and identify development opportunities. You can also recognize high-performing employees even if you aren’t together at work. It starts at $10 per month for a minimum of $3,000 annually.

Managers have to adapt to remote work, which is becoming the norm in many industries. Traditional performance management isn’t made for remote work.

7Geese allows managers to connect with partially or fully remote teams regardless of their location.

7Geese may not be as popular or well-known as other solutions currently on the market. Paycor, a leader in HR technology with over 30 years of experience, recently bought 7geese. 7Geese can be expected to do great things in the future.

Let’s have a closer look at 7Geese and how it helps remote performance management.

• Objectives and OKRs
• Coaching for employees and 1:1s
• 360-degree feedback
• Employee engagement surveys
• Evaluations of performance
• Recognizing performance

7Geese integrates seamlessly with many business tools that you already use, such as Slack and Salesforce, Microsoft Teams, BambooHR, and Zapier.

This software offers unique features to track employees’ career progress. The software’s built-in analytics allow you to quickly identify employees who are ready for a promotion or a new challenge.

Plans start at $10 per user per month. 7Geese requires that you have a minimum of $3,000 annually for all pricing levels. This makes it not an economical option for small teams. It is worth it if you have more than 20-25 employees. To see the product in action, you can request a demo.

#8 – Eloomi Reviews – The Best for Employee Training

Eloomi

Best for Employee Development

Employees who are engaged and motivated by continuous development have happier managers and happier businesses. Eloomi provides everything you need for onboarding, hiring, and training your employees. It focuses on continuous education and developing growth plans. You can also get performance appraisals, employee check-ins, 360 degree feedback, and many other features.

Eloomi, another standalone solution for performance monitoring, is also available. This cloud-based software empowers employees. Eloomi is used by more than 25 countries to manage their performance.

Eloomi is used by companies of all sizes to increase engagement, motivate staff and develop employees.

Eloomi’s simplicity is not a sign of incapacity. It is the best performance management solution on the market. It provides both basic and more advanced solutions for businesses.

Eloomi’s 360-degree feedback feature is one of its best features. Employees can be evaluated by their peers, colleagues, and managers from all levels of the company.

Eloomi also offers many other top benefits, including:

• Performance appraisals
• Employee check-ins
• Quick performance dialogues
• Employee goals
• Operational checklists
• Reports and insights
• Surveys and engagement

Eloomi offers solutions for compliance, onboarding, and training. To get started, book a demo or request pricing.

Methodology for Choosing the Best Performance Management Software

There are many performance management options available, so choosing the right one for you can seem daunting. There are some factors you can consider to narrow down your options. When shopping for performance management software, take the following into account. These are the same factors that we used to narrow our guide’s scope.

Breadth of Software

There are many types of performance management software. Many HR software and HCM software have built-in tools to manage performance. These solutions may also be offered separately.

Your needs and the size of your company will determine which software is best for you. Larger businesses tend to choose all-in-one software because they offer additional capabilities such as payroll and benefits administration.

These modules and functionalities are not necessary for everyone. A standalone performance management tool will work well for smaller teams.

Goal setting and objectives

Performance management is only possible if you have a clear goal. If you don’t know what goals, objectives, and OKRs you need to measure, how can you evaluate someone’s performance?

This feature helps employees and managers stay on the same page.

The company’s goals should be set from an individual, team, and corporate perspective. This feature can be used by managers to ensure that everyone is aligned with the same goals from all perspectives.

Employees will be more productive if they have clear objectives between reviews.

You should review the tracking and goal-setting capabilities, depth, and features of each tool. This will help you determine which tool is best for your team. Also, it will make it easy to adjust goals or review performance.

Review and feedback

Performance reviews are an important part of any performance management system. The best tools facilitate continuous feedback.

It’s not always productive to wait for feedback in a one-on-one meeting each month. Software that allows managers to give feedback in real-time is a good option. It is important to have 360-degree feedback. This will allow reviews and assessments from all team members and not just the management.

360-degree feedback gives employees a more holistic view than what their direct manager can see.

Talent Development

Performance management software that goes beyond feedback and reviews is what the best solutions are. You should look for features that enable managers to identify the best talent and fill skills gaps within a company and team.

It’s not enough to tell an employee if they are doing a good job or not. Talent development tools increase engagement and motivate employees. These tools also assist employees in setting long-term goals and advancing their careers within the company.

Managers can help employees move up the career ladder by working directly with them. Employers can improve employee retention by implementing a talent development tool as part of their performance management system.

PerformYard

Best for the Most

PerformYard has everything you need for performance management. You can organize reviews, give feedback, and chart progress in a variety of ways with PerformYard, including quarterly assessments, spontaneous 1:1s, and recognition of winners. All of this and more is included in one affordable package.

Summary

What is the best performance management software on the market? It all depends on what you need, but PerformYard is the best option for most organizations.

Namely is a comprehensive solution for companies looking to improve their performance management. Another popular software that combines human capital management and performance management is Workday.

Cornerstone OnDemand allows managers to identify the top performers using visual dashboards. Reflektive and Lattice are excellent options for simple employee feedback and 1:1 reviews. 7Geese is the best option for remote employees. Eloomi is the best talent development platform.