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What is Performance Appraisal Software?
Performance appraisal software automates the tedious and time-consuming task of regularly evaluating employees. With this type of solution, you can collaborate with your company’s workforce to help them develop the skills the organization needs. Managers can track employees’ performance and goals throughout the year and share the results with authorized users. Show more
Performance appraisal software helps to schedule, execute, and document performance reviews. Employees can use the system to perform self-reviews, look at past reviews, compare achievements against goals, and schedule reviews at convenient times.
Managers can identify top talent for promotion, run performance reports, set reminders, and share this data among departments. Top features of performance appraisal software include performance rating, real-time reporting, interdepartmental communication, electronic record-keeping, stack ranking, information sharing, goal tracking, and performance notes.Show less
How was this ranking made?
To devise this list of best Performance Appraisal Software we have evaluated 90 various apps currently present on the market, analyzing their features, how easy are they are to learn, customer support, available integrations with other systems as well as mobile device support using our unique SmartScoreTM rating algorithm. This ranking has been prepared by Jenny Chang, our SaaS expert dedicated to the Performance Appraisal Software category.
List of Top 13 Performance Appraisal Software
Order by:
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- Score
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1. BambooHR
Our score: 9.8 User satisfaction: 99%BambooHR is the winner of our 2019 Best HR Software Award. A reliable HR software for small and medium-sized businesses, it offers end-to-end solutions for workforce management and provides small and growing companies with a user-friendly platform.
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2. Connecteam
Our score: 9.0 User satisfaction: 97%Connecteam is an all-in-one workforce solution with a complete suite of features for scheduling, payroll, productivity tracking, and communications. Through the Connecteam app, managers can put buisiness processes on autopilot to focus on business growtn and keep employees engaged. Mobile-first checklists, forms, and reports also help teams save time and improve productivity.
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3. Reviewsnap
Our score: 9.0 User satisfaction: 100%Reviewsnap is a cloud-based performance management system that is designed to accelerate and improve business and HR performance. The software integrates performance reviews with multi-rater 360-degree feedback and compensation tracking to deliver complete and comprehensive results all the time.
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4. SuccessFactors
Our score: 9.5 User satisfaction: 98%A leading cloud-based HR and people engagement solution that you can use to optimize your workforce and prepare them for tomorrow. It is an innovative human experience suite that helps organizations deliver exceptional experiences that enable employees to achieve their goals.
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5. Workday
Our score: 9.4 User satisfaction: 96%A software platform that unifies finance, planning, and HR, providing real-time insights, predictive analytics, and global visibility to improve business performance. Built with medium-sized and large enterprises, Workday offers a comprehensive cloud ERP solution that delivers the agility businesses in different industries need to adapt to change.
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6. Trakstar
Our score: 9.1 User satisfaction: 100%Trakstar is an employee evaluation software that can handle the entire performance appraisal process. It is web-based and cloud-hosted, so you'll need just an internet-connected device to operate the software and utilize the rich feature set. It has a flexible pricing model that offers scalability.
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7. Hibob
Our score: 9.0 User satisfaction: 96%An innovative and creative platform designed to help HR staff effectively manage employees using robust automation tools, data analytics, accurate reporting, payroll, engagement features, and more to help increase productivity and improve employee experience.
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8. Deputy
Our score: 9.0 User satisfaction: 93%An employee scheduling software that helps you take control of your staff so you can focus on running your business the right way. With this, users can concentrate on actual collaborative work. Save time and resources on clerical processes by taking advantage of automations for scheduling and attendance tracking.
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9. EPAY Systems
Our score: 8.6 User satisfaction: 97%A web-based suite offering HR management, payroll processing, time management, and compliance management. Its HCM module helps employers manage their workforce from hiring to retiring. The software suits mid-sized and large enterprises looking to offload the mundane task of managing the technical aspect of their HR system.
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10. SutiHR
Our score: 8.2 User satisfaction: 100%An intuitive HR software that provides a suite of integrated tools to help organizations manage the end-to-end HR processes. It’s a modular solution that offers a plethora of HR applications including payroll, personnel tracking, performance review, time and attendance, onboarding, and employee self-service.
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11. .NET
Our score: 9.0 User satisfaction: 98%stands out as a modern, efficient, and cost-effective framework that empowers developers to build high-performance applications across various platforms, making it a top choice for organizations seeking to create innovative and productive solutions.
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12. Vibe HCM
Our score: 7.9 User satisfaction: N/AVibe HCM uniquely delivers on employers’ HR transactional needs as well as their strategic employee engagement initiatives - all from one unified platform.
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13. Oracle Taleo Cloud Service
Our score: 9.3 User satisfaction: 91%Taleo Cloud Service is a talent management solution designed to aid HR recruiters and managers in attracting and retaining staff
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Table of contents
Industry Report - Performance Appraisal Software for 2022
CloudRank™ system is a unique algorithm that our research team uses to evaluate Performance Appraisal Software solutions in a detailed and accurate way. The Spring 2022 edition of the ranking was prepared by Jenny Chang, our leading expert in the field of Performance Appraisal Software, who has authored 1380+ product reviews in this category. The goal of CloudRank™ is to present an unbiased, multi-layered perspective on Performance Appraisal Software, considering a wide range of metrics and factors, and educating potential customers about both opportunities and challenges associated with each piece of software.
In order to achieve full objectivity the position in our CloudRank™ is based on:
- Expert Score: which involves extensive analysis by our internal team which carefully examined all key elements of each software and testing it in real-life situations
- User Score: which involves an aggregated opinion of actual users of each product whose identity was properly verified
- Market Position: which involves general recognition of a given vendor on the market and reflects its overall popularity and reach
What do the tiers in CloudRank™ mean?
We’ve calculated a score for each product based on the average experience shared by our users in their product reviews and arranged the list in three tiers. You can see the methodology below on how the calculations were made.
- Leaders: those with a User Score of 8.5 or higher; this tier includes products that are currently leaders on the market and are appreciated by both experts and actual users. They always represent the best of what the Performance Appraisal Software market has to offer and are all worth trying out if you’re looking for a reliable solution.
- Contenders: those with a User Score between 7.5 and 8.5; this tier includes high-quality products that still have some minor drawbacks that prevent them from becoming leaders on the market. They always represent well-designed tools that, over time, will most likely develop into market leaders as the missing features are added.
- Rising Stars: those with a User Score between 6.5 and 7.5; this tier includes products that have high-potential but still lack some crucial features or services expected from a leading solution. They are products with solid foundations and a vision that makes us eager to see what they will become as their solution improves in the future.
Regardless of their tier, all products included in our CloudRank™ are popular, quality products considered top-performers by our team of experts. Make sure you read a more detailed review of each solution to find one that will work best for your specific needs and budget.
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MARKET POSITION
A score between 1 and 10 based on popularity and market reach of each product.
TOTAL score
A score between 1 and 10 based on the average of our Expert Score and User Score.
How does CloudRank™ work?
Market Position
A score between 1 and 10 based on popularity and market reach of each product.
Total Score
A score between 1 and 10 based on the average of our Expert Score and User Score.
CloudRank™ tier
Based on product's total score.
Rising Star
Contender
Front Runners
25 Most Popular Performance Appraisal Software
Here is a list of all 25 Performance Appraisal Software solutions evaluated with our CloudRank™ analysis. We have compared their features, user satisfaction, market presence and other key factors in an in-depth analysis you can find below:
Our score and features analysis:
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CloudRank™
Score:9.25
Score:9.25
Customers company size
No. of employees:
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100+
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Our score and features analysis:
}
CloudRank™
Score:8.99
Score:8.99
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:8.83
Score:8.83
Customers company size
No. of employees:
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100+
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4. ADP Workforce Now
8.50
Our score and features analysis:
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CloudRank™
Score:8.50
Score:8.50
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:8.45
Score:8.45
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:8.45
Score:8.45
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:8.44
Score:8.44
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:8.22
Score:8.22
Customers company size
No. of employees:
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51-100
100+
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9. Kronos Workforce Ready
8.19
Our score and features analysis:
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CloudRank™
Score:8.19
Score:8.19
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:8.16
Score:8.16
Customers company size
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100+
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11. Oracle PeopleSoft
8.10
Our score and features analysis:
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CloudRank™
Score:8.10
Score:8.10
Customers company size
No. of employees:
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100+
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Our score and features analysis:
}
CloudRank™
Score:8.04
Score:8.04
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:7.99
Score:7.99
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:7.88
Score:7.88
Customers company size
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100+
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15. ClearCompany
7.86
Our score and features analysis:
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CloudRank™
Score:7.86
Score:7.86
Customers company size
No. of employees:
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100+
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16. Oracle Talent Management Cloud (formerly Taleo)
7.84
Our score and features analysis:
}
CloudRank™
Score:7.84
Score:7.84
Customers company size
No. of employees:
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100+
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17. Sage People
7.78
Our score and features analysis:
}
CloudRank™
Score:7.78
Score:7.78
Customers company size
No. of employees:
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100+
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18. Avature Onboard
7.72
Our score and features analysis:
}
CloudRank™
Score:7.72
Score:7.72
Customers company size
No. of employees:
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100+
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19. EPAY Systems
7.62
Our score and features analysis:
}
CloudRank™
Score:7.62
Score:7.62
Customers company size
No. of employees:
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100+
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20. Betterworks
7.49
Our score and features analysis:
}
CloudRank™
Score:7.49
Score:7.49
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:7.45
Score:7.45
Customers company size
No. of employees:
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51-100
100+
Best features
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22. PeopleFluent
7.33
Our score and features analysis:
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CloudRank™
Score:7.33
Score:7.33
Customers company size
No. of employees:
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51-100
100+
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Our score and features analysis:
}
CloudRank™
Score:7.14
Score:7.14
Customers company size
No. of employees:
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100+
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Worst features
24. PeopleAdmin
6.98
Our score and features analysis:
}
CloudRank™
Score:6.98
Score:6.98
Customers company size
No. of employees:
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100+
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Worst features
25. PurelyHR Time-Clock
6.95
Our score and features analysis:
}
CloudRank™
Score:6.95
Score:6.95
Customers company size
No. of employees:
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51-100
100+
Best features
Worst features
Our report covered 25 most popular products from the Performance Appraisal Software category. We’ve analyzed their features, performance, integration, customer support, pricing, and several other key buying factors and combined it with feedback from user reviews to come up with the current list of best solutions:
- 2022 Performance Appraisal Software Leaders: BambooHR, Wrike, Sage HR, UltiPro, Deputy
- 2022 Performance Appraisal Software Contenders: ADP Workforce Now, Zoho People, Workday, Kronos Workforce Ready, Zenefits, Oracle PeopleSoft, Namely, Hibob, Trakstar, ClearCompany, Oracle Talent Management Cloud (formerly Taleo), Sage People, Avature Onboard, EPAY Systems, Betterworks, SutiHR
- 2022 Performance Appraisal Software Rising Stars: PeopleFluent, Reviewsnap, PeopleAdmin, PurelyHR Time-Clock
BambooHR leads the current crop of performance appraisal solutions with its intuitive and comprehensive HRIS solution. Founded in 2008, it is one of the first vendors in the industry to provide a software dedicated to the strategic evolution of HR in small and medium businesses. Available in over 100 countries worldwide, BambooHR aims to streamline HR processes by seamlessly combining all HRIS functions into one robust and easy-to-use platform.
For many businesses across the globe, BambooHR transforms the way HR teams administer company policies, monitor employees, handle payroll, and cultivate a healthy culture in the workplace. The company’s long list of clients include innovators such as Freshbooks, SoundCloud, Stance, Magnolia Homes, Reddit, and many others in more than 100 countries worldwide. To date, the company has over 1,700,000 million employees working to deliver an award-winning HR platform.
Built for SMBs, BambooHR offers an intuitive, affordable solution that helps companies track and manage essential employee information. The software offers a plethora of tools to streamline HR processes, from hiring and onboarding to employee time tracking and performance management. It also provides a secure, centralized employee database that allows businesses to take full control of all key data in one place. With BambooHR, companies can easily keep employee data accurate and up-to-date.
BambooHR also empowers executives and managers to expedite HR tasks in a simpler and time-saving manner. It brings a holistic and thorough approach to HR management, allowing HR teams to efficiently manage employees and ensure policy compliance across the entire organization. Its wide array of smart features help reduce the manual workload of HR departments and enables managers to focus on more productive tasks.
Via open APIs, BambooHR can be integrated with numerous third-party applications. It connects seamlessly with other HR solutions, applicant tracking systems, benefits management, and payroll solutions.
Most users of Performance Appraisal Software solutions confirm that in most cases these tools allow them to reach the following business goals:
- It enables the manager to identify an employee’s scope of work. [ 87.2% of users ]
- It enables the manager to rate an employee’s performance on core tasks. [ 87.2% of users ]
- It helps our managers to easily communicate goals to our employees. [ 86.3% of users ]
- It helps us to provide relevant training to address an employee’s weak areas. [ 86.4% of users ]
- It makes our staff members more accountable and responsible. [ 86.6% of users ]
How did we select products for this Performance Appraisal Software report?
The Spring 2022 version of the report includes a total of 25 Performance Appraisal Software products that were compared and analyzed by our team. We selected them based on the following factors:
- Popularity of a given brand in the SaaS market (based on our own market research)
- How popular a given brand is among FinancesOnline users (based on number of mothly readers for each review page)
- Availability of statistical data generated from user reviews of a particular product (we excluded products with not enough data to draw meaningful conclusions)
- The current listing reflects the state of our database and research as of May 2022. An updated version of the report will be released quarterly to keep data fresh and incorporate information about shifts and changing trends in the market.
What are the current Performance Appraisal Software trends?
Generational Differences
Today’s workforce is currently made up of five active generations: the Traditionalists, Baby Boomers, Generation X, Generation Y, and Generation Z. Each generation came with its own set of defining experiences that helped shape their values, making it harder for companies to manage generational differences in the workplace. According to the US Bureau of Labor Statistics, Millenials are already the largest segment in the workplace, potentially taking up 50% of the entire workforce in the next two years.
Dissatisfaction with pay/financial rewards Not enough opportunities to advance Lack of learning and development opportunities They don't feel appreciated Lack of flexibility (poor work/life balance) Boredom They don't like the workplace culture Source: Deloitte
Top Reasons for Near-Term Exits among Millennials in 2019
Top Reasons for Near-Term Exits among Millennials in 2019
Dissatisfaction with pay/financial rewards: 43
Top Reasons for Near-Term Exits among Millennials in 2019
Not enough opportunities to advance: 35
Top Reasons for Near-Term Exits among Millennials in 2019
Lack of learning and development opportunities: 28
Top Reasons for Near-Term Exits among Millennials in 2019
They don't feel appreciated: 23
Top Reasons for Near-Term Exits among Millennials in 2019
Lack of flexibility (poor work/life balance): 22
Top Reasons for Near-Term Exits among Millennials in 2019
Boredom: 21
Top Reasons for Near-Term Exits among Millennials in 2019
They don't like the workplace culture: 15
AI in the Workplace
Many companies all across the globe have started to adopt AI in their business processes. HR departments are especially taking advantage of the use of AI-powered tools, with some use cases of the cutting-edge technology found in applicant sourcing, assessment, and screening. Advanced AI features also help businesses detect and report outliers in normal work activity patterns, allowing organizations to take the necessary steps in running their workflows more efficiently.
More Remote Employees
The ongoing COVID-19 pandemic has forced many companies all over the world to rapidly implement remote work policies. In order to maintain productivity during the crisis, the adoption of remote working became a must for many businesses. According to Global Workplace Analytics, there are currently 4.3 million employees who work remotely at least half the time. In the same report, it was revealed that the number of employees who work from home have increased by 140% since 2005, a clear indicator that remote work is a steadily rising trend that employers nowadays can’t ignore.
Source: FlexJobs
Performance appraisal tools are used by managers to evaluate employee accomplishments against set goals and identify top talent for promotion. But how can companies select the best performance appraisal software from the scores of programs out there? To help you, we have prepared this buyer’s guide that details the top features and aspects you should look for to find an apt solution for your specific needs.
Get to know each product with free trial
A good way to start your search for the best performance appraisal tools is to register for the free trials or demo offered by top performance appraisal software providers. This will help you to check out each system’s main tools free of cost and also do a comparison. You can visit the websites of the following popular platforms to find out if they offer a free trial: Ascentis, Vibe HCM, UltiPro, and Reviewsnap. These apps have been given high rankings in our performance appraisal software reviews.
Targeted Businesses
Purchasers of performance appraisal software mainly fall in these three categories:
- Cost-conscious customers. These buyers look for a system that offers standard features at an affordable cost. They can opt for inexpensive on-premise solutions. SaaS platforms are also viable for them as they simply need to shell out a monthly subscription fee to avail cloud benefits.
- Integrated suite purchasers. These are companies that have inconsistent and disjointed HR processes. Therefore, they need an integrated suite to unite the various processes and make them more efficient and effective.
- Best-of-breed purchasers. These companies may be already using an HR software solution but are looking for a best-of-breed performance appraisal platform that can be solely dedicated to monitoring and reviewing employees.
Examples of Performance Appraisal Software
- Ascentis: Ascentis offers Human Capital Management (HCM) software for the SMB market. It automates and streamlines key business processes.
- Performance Pro: Performance Pro by HR Performance Solutions is a comprehensive performance appraisal software solution for HR professionals. The platform can automate the whole process, from ongoing check-ins to standard appraisals.
- Vibe HCM: A platform that offers core HR, talent management, analytics, communications, onboarding, and payroll and benefits features. You can recruit, manage, and inspire your employees with this unified solution.
- UltiPro: HR, talent management, and payroll software for your human capital management needs. You can use it to develop your employees through performance, succession, and compensation management.
- Reviewsnap: A web-based performance management solution that allows HR professionals to streamline their evaluation process. The platform offers a robust set of features to automate your employee performance review process.
- Trakstar: A robust employee evaluation software designed to help businesses of different sizes to streamline the performance appraisal process.
Types of Performance Appraisal Software
The following are the different types of performance appraisal systems:
- Behavioral checklist. This is a list of criteria that an employee should follow to become a smart and productive worker. The behaviors depend on the type of job. This method is preferable as you can evaluate individual performance without comparisons.
- 360 degree appraisal. This method gets feedback from the manager, supervisor, and team members. The unique feature is the reviewed employee also provides their feedback for consideration.
- Management by objective (MBO). This is a modern method where manager and employee agree on specific goals within a deadline. This method helps to easily define success and failure.
- Psychological appraisals. The employee’s psychological traits, analytical skills, emotional stability, and intellect are evaluated to enable the manager to place them in a suitable team.
Key Features of Performance Appraisal Software
- Easy to use: Paper-based performance reviews are difficult to manage. Performance appraisal software systems are a great alternative as you simply need to input the review. Plus, they can collate all your reviews into a handy document.
- Continuous feedback: This software enables managers and employees to give continuous feedback and in real-time.
- Additional features: Top platforms also offer added features such as goals and objective module and 360 multi-rater feedback module. These features provide managers with a comprehensive overview on how employees are performing.
- Career and development planning. Failing to plan is planning to fail. When it comes to performance appraisal, this saying rings true. A good performance appraisal solution should provide the tools you need to plan an employee career and set development goals.
Benefits of Performance Appraisal Software
- Goal communication: You can use the software to explain organization, team, and individual goals to employees. Plus, staff members can also be evaluated on common goals, such as time and attendance.
- Scope of work: The appraisal solution identifies the scope of an employee’s work and the tasks they need to perform. This scope of work depends on their designation and role.
- Accountability: The appraisal platform helps employees to understand what they need to achieve to get good performance ratings. This boosts accountability and can make staff members more responsible for their roles and tasks.
- Performance measurement: Managers can use the software to rate employees’ performance on key tasks. They can use a 5-point Likert scale to rate the quality of the work performed.
- Training and development: The system helps managers to evaluate an employee’s strengths and weaknesses. Based on this feedback, the HR unit can offer more training to employees to help them overcome areas of weakness.
Latest Trends
Consolidation
Larger vendors are aggressively acquiring best-of-breed platforms to bolster their array of integrated suites. Buyers are benefiting from this trend as they get increased functionality and smoother integration with their existing HR system. The review process is also enhanced as it can now include all reviews during an employee’s stint with a specific company. Information need not be stored in silos but can be made available to managers to enable them to identify and retain top talent.
Strategic HR
HR software vendors are now offering strategic HR solutions that encompass the processes and functions of workforce management and talent management. These systems can help companies to perform activities such as talent pooling, strategic development, and proactive management. The popularity of SaaS products is also helping to make strategic HR more relevant.
Potential Issues
Lack of time
Managers may fail to make full use of performance appraisal software as they may not have the time to review records and track employee performance throughout the year. This means companies may fail to utilize the full value of the review information generated by the system. The risk here is top talent may opt to go elsewhere if organizations are lax in retaining them.
Not addressing diversity
A company might use the same appraisal form for all categories of employees. For example, the same form might be used for all hourly, all managers, all exempts etc. As you might guess, this single form would surely prove to be inadequate for the job. The solution here is to use the management-by-objective method to address individual needs.
Does Your Organization Need Performance Appraisal Software?
If you’re at a crossroads and don’t know whether or not to implement a performance appraisal software, fret not. Check the red flags we’ve listed below, and if your organization is caught up in any of them, time is ripe for you to use a performance appraisal software.
- You make salary decisions based on employee performance, but don’t have accurate, consistent performance data to standardize the process.
- You still rely on paper processes to do employee reviews. Or you are not doing employee reviews at all.
- Your appraisal process is weary and you need to spruce it up to improve efficacy.
Do’s and Don’ts of Performance Appraisal Software Purchasing
The market is awash with performance appraisal systems designed with one or two unique features to woo organizations. But not all software solutions are worthwhile, it takes a great deal of attention to detail to separate the wheat from the chaff. Unfortunately, there is no universal formula for finding the best performance appraisal software. The following tips, however, can help you tweak the variables and come up with a winning buying criterion:
Dos
- Go for solutions that offer a simple and easy-to-use approach.
- Prioritize platforms that create better communications and foster improved employee-employer relationships.
Don’ts
- Don’t slip into the cocoon of trying to measure everything. The conventional appraisal systems made the same mistake and failure became their swan song.
- Should you quantify performance? Not really. If you want a solution to quantify the performance of every employee in every role, you are in for a rude shock. Instead, look for a solution that will give you a sense of how employees are doing and make decisions based on that.
List of Performance Appraisal Software Companies
Order by:
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- Newest
- Score
- User Score
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Things to consider when you invest in a SaaS
Infrastructure plays a key role in a SaaS system. If there is downtime, you would not be able to access the service. So, you should pay good attention to the program’s infrastructure when analyzing SaaS vendors.
Many companies fail to ask their shortlisted SaaS vendors questions about disaster recovery, service level agreements (SLAs), and security. These are key infrastructure features that need careful consideration when analyzing a provider.
SaaS is easy to subscribe to. All you need to do is go the website and buy a suitable plan for the required number of users. For this reason, many firms pay attention only to the price of the software and not to infrastructure considerations. They may also think that thorough evaluation is not essential since it is so simple to get started quickly.
But you need to be equipped for situations as such as the SaaS provider going out of business or their website going down. You need to have contingency procedures in place to combat these situations to make sure they do not have a harmful impact on your organization. It is simple to subscribe to a SaaS system, but think about the effect on your business if the solution is withdrawn by the provider.
Frequently asked questions about Performance Appraisal Software
What is the best performance appraisal software?
The best performance appraisal software is BambooHR, a cloud-based HR solution designed with small and medium-sized businesses in mind. It’s easy to see why more than 17,000 organizations use the platform to manage the HR processes and employee performance management. First, BambooHR has carved its spot in the upper echelon thanks to its powerful hiring, onboarding, compensation, and people analytics tools.
Second, the platform is a force to reckon with when it comes to performance management. In fact, BambooHR has adopted a simple and visual way to help HR managers compare employee performance and engagement. You can have a quick glance at the performance by individual, by the department, or across the organization, whichever works for you. This way, it’s a breeze to pinpoint high-performing employees and organize special training for frailing individuals.
What are the benefits of performance appraisal software?
Performance appraisal software do just as their name suggests. They help you assess the performance of your employees to reward them and suggest the right course of action for further improvement. In doing so, the solutions create a trail of benefits, which include:
Improved employee performance. Performance appraisal software kicks guesswork out of the equation, thus allowing you to accurately identify high-performing employees. This way, they help you to rightfully reward employees for their remarkable performance.
The experience of a reward provides the stimuli needed to keep employees sailing high in projects and tasks. While, on the other hand, frailing employees are urged to roll up their sleeves and work diligently to outperform those ahead of them.
Retain top talent. Generally, today’s performance appraisal solutions encourage you to deviate from the once-a-month/year performance reviews. They help you do one-on-one check-ins and create a constant feedback channel, the kind that’s inherently craved by the modern workforce. When you act upon employee feedback and help them reach their goals, they feel valued and heard. When this becomes part and parcel of your company’s culture, it follows naturally that top talent will stick around.
Training and development. In addition, with performance appraisal software managers have all the information as regards to project worked, job history, salary, and benefits. That’s not all, they can delve into details and uncover critical data such as hours spent on a project, project completed, and nature of the project finished. This way, they can spot employees who are not a finished article yet but are exhibiting tremendous potential. They can then polish these rough diamonds to make them experts in their relevant fields
What are the features of performance appraisal software?
Not all performance software solutions are capable of delivering the above-mentioned benefits. Solutions that cut it, offer a suite of basic or standard tools such as:
- Career and development planning. Setting goals and objectives take precedence when it comes to employee performance management. To make the cut, a performance appraisal software should provide tools to help you map employee goals.
- Goal management. In addition to creating dynamic goals, good performance management software should help employees and managers to track multiple goals. Tracking and managing goals along the way create a strong alignment between performance and the overall organizational objectives.
- Competency management. Not all employees are alike. Everyone has unique abilities, which when nurtured contribute massively to the overall business performance. Performance appraisal software should provide tools to identify and polish each employee’s competencies.
- Instant feedback. Reliable performance appraisal software should have the ability to deliver performance-related feedback anytime, anywhere. Automated notifications and reminders are nice-to-have features that keep all the involved parties informed of goal progression, goal completion, or new comment.
- Social recognition. In addition to helping you reward employees, the solution should help you recognize them on a social level. Social recognition can have a far-reaching impact on employee performance. Beyond boosting employee morale, it helps establish a powerfully connected community, one that employees can’t afford to leave. The result is increased retention of the top talent.
What is the easiest performance appraisal software to use?
- BambooHR. A comprehensive HR software that provides all the tools needed by small and medium-sized businesses to streamline HR processes. The good thing is that BambooHR is designed to be intuitive and easy to use, offering a flat learning curve to get everyone started almost instantaneously.
- Trakstar. Primarily designed to keep track of employee performance, Trakstar has remained at the fore of innovation to simplify performance appraisal. What’s intriguing is that in spite of all its powerful capabilities, the solution is easy to use for both the employee and the employer. It lightens mission-critical tasks such as goal setting, goal management, employee review, and 360 feedback.
- ReviewSnap. Billed as a simple performance management software, ReviewSnap lives up to this tag with easy to use tools. It provides prebuilt visual reports and ready-to-use employee review templates in a bid to help companies streamline performance management.
What is a good free performance appraisal software?
Finding a free and reliable performance appraisal software in the flooded market is akin to finding a needle in the haystack. We have done the heavy lifting for you and our rigorous research culminated with Flowmotor as the best option.
This powerful strategy execution platform is built with small teams in mind. It empowers business owners to come up with strategic plans, perform online people development interviews, and performance reviews. The best part is that Flowmotor understands the hassle businesses go through before they breakeven. As such, it allows small businesses to use all the platforms feature at no cost for six months.
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