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10 Best Performance Management Software 2020

9 min read
Last Updated on
best-performance-management-software

What is Performance Management System?

As much as it is important for managers to monitor the performance of their employees, it is equally vital for the employees to receive feedback on their performances. With the lack of proper measures to examine the performance, the productivity deteriorates and the employees too feel demotivated and disconnected with the organisation goals.

Performance management systems allows the managers to assign objectives and goals to the teams, keeping in alignment the organisational goals. It enhances employee engagement, appraisals, continuous communication and feedback.

6 techniques of performance management:

  1. OKR (Objective and Key results):The Objective is the ultimate goal that needs to be achieved by the team or individual. And key results are the measurable and verifiable steps that lead to the main objective.

  2. 360 degree feedback: Feedback from all the members who have a stake in their performance is a 360 degree feedback system.

  3. KPI (Key performance indicators): It is a set of measures a company uses at multiple levels to evaluate the performance of the employees. The measures need to be specific, achievable, and relevant to the concerned department.

  4. MBO (Management by Objectives): It defines a definite objective and also analyses the steps to reach the desired goal.

  5. Balanced scorecard: The managers can derive the primary objectives of the organisations through 4 primary perspectives- financial, customer, internal processes and organisational capacity.

  6. Rewards and recognition: To motivate the employees for attaining better results and performing good, the managers can reward their employees and appreciate them in a social recognition platform.

  7. PDP (Personal Development Plans): The personal development plan governs the plans to achieve the goals and objectives of an individual and also mentions the training and development needs to achieve the same.

Performly

Ease of Use Features Customer Support Pricing
4.6/5
4.3/5
3.6/5
4.1/5

Performly is a cloud based human resource management system that includes modules like talent and performance management, communication, employee services and logic services. The talent management system of Performly allows the users to add their daily tasks in the to do list and align it with their objectives or projects. The ready to use templates for the meetings can be used to discuss the performance review, area of improvements and feedback as well.
Performly2

Clientele:

Philips, Shippler, Reliant, TPay mobile, A15, LDC etc

Features:

  • 360 degree feedback
  • OKR
  • Announcements
  • Recognition
  • Job descriptions
  • Real time progress report
  • Custom reviews
  • File sharing
  • Individual goals

Pros:

  1. User friendly interface
  2. Suitable for organisation of any size
  3. High customisation

Cons:

  1. The mobile application needs update
  2. Not quick customer support

15Five

Ease of Use Features Customer Support Pricing
4.5/5
4.5/5
4.2/5
4.3/5

Continuous employee engagement with the right questions elevates the performance of any organizations and 15Five is one of the performance management systems which helps to achieve this. 15Five tool focuses on people management strategy with a holistic and continuous approach. The tool helps to maintain collaboration among the employees by managing the performance of the remote teams which drives in taking the business forward.
Img_03-min-1

Clientele:

Hubspot, MailChimp, Spotify, Indeed, Cisco, Adobe etc

Features:

  • Check-ins
  • High Fives
  • Self review
  • Career Vision
  • Jira cloud integration

Pros:

  1. Good customer service
  2. Advanced features of performance management system
  3. Commendable customer support
  4. Self Academy

Cons:

  1. The mobile application has limited features
  2. Some function involves multiple steps that is time consuming

Synergita

Ease of Use Features Customer Support Pricing
4/5
4.4/5
4.4/5
4.2/5

Founded in the year 2009, Synergita serves in employee performance management, employee recognition and development, and goals management. The mobile app allows employees to give and receive anonymous ratings and reviews on the basis of the company’s values and cultures. The individual development plan denotes the career growth plan of an employee that the manager can publish. The manager can as well suggest and recommend training programs or courses to the employees.
syngergita

Clientele:

Aspire systems, Indegene, Capita, Bank bazaar, Lucas, TVS etc

Features:

  • Performance reviews
  • 70+ reports
  • Strength and weakness analysis
  • 9 box analysis
  • Smart goals
  • Multiple Review cycles
  • Self feedback

Pros:

  1. Fast integration
  2. Simple and intuitive UI
  3. Highly customizable

Cons:

  1. Front end report building is limited
  2. No Auto lock after hours of inactivity

Leapsome

Ease of Use Features Customer Support Pricing
3.6/5
4.6/5
4/5
3/5

The performance management and employee development cloud based software, Leapsome is best suited for medium and large businesses. It includes automation of the review cycle quarterly or annually, and also allows customisation at a later stage. The employee engagement module allows employee surveys where the admin can choose the questions from the question bank verified by the experts. The platform also allows anonymous conversation with the survey respondents.
leapsome

Clientele:

Spotify, Mercedes benz, Babbel, Trivago, Omnicom media Group etc

Features:

  • Goal and OKR analytics
  • Development framework
  • Question bank
  • Pulse insights
  • Career paths
  • Goal tree
  • MS team integration
  • Feedback and praise

Pros:

  1. Rich features and better employee engagement
  2. Lots of additional functionality in performance management module
  3. Reminder mails about reviews and meetings

Cons:

  1. No mobile application
  2. More customisation could be allowed
  3. UX for the survey module can be improved

Reflektive

Ease of Use Features Customer Support Pricing
4.1/5
4.2/5
4.3/5
4/5

The easy to use interface of Reflektive software streamlines the process of performance evaluation through effective continuous communication, reviews and feedback. Founded in the year 2013, Reflektive has extended their services to over 100 organizations in a short span. It purveys a social platform for employee recognition and appreciation on their good performance. The dashboard that gives an insight of the feedback, survey results, meeting discussions all at one place to establish a better understanding of the employee’s performance and engagement.
refective

Clientele:

HelpSystems, Imgur, Eventbrite, Airbnb, Braintree, Comcast etc

Features:

  • Benchmarking
  • DEI dashboard
  • Check ins
  • Integrations
  • Single sign on

Pros:

  1. DEI dashboard, survey and benchmark
  2. Ease of use
  3. Informative dashboard

Cons:

  1. Limited functionalities
  2. The UI can be improved
  3. The workflow is time consuming

Performyard

Ease of Use Features Customer Support Pricing
4.4/5
4/5
4.6/5
3.5/5

Performyard is a performance management software that automates the feedback, reviews and goal management process. The 360 degree review module of Performyard also allows the members of the extended organization like customers to also share their reviews and inputs without any additional costs. For every pricing plan, a dedicated customer support manager is aided for assistance. The software helps the employee to also track and monitor their individual goals. It also allows the users to keep records of the private notes of performance and access it anytime.
PerformYard

Clientele:

Cadent, Freshworks, Aspiritech, Dynamo, CFGI etc

Features:

  • Peer reviews
  • External inputs
  • Review collaboration
  • Visualise progress
  • Custom Tags
  • Stacked bar charts
  • Activity logs

Pros:

  1. Dedicated support manager at no additional cost
  2. Good interface for both users and admins
  3. Professional and responsive customer support

Cons:

  1. The goal management feature needs improvement
  2. Integration with google and other calendar is not available yet
  3. Reporting features can be improved

Betterworks

Ease of Use Features Customer Support Pricing
4.3/5
4.5/5
4.1/5
3.8/5

Betterworks is an employee engagement platform that aligns teams and individuals goals and OKR’s and provides real time insights to employee performance. It helps to unify any organization to perform at the highest level. With integrated software solutions, Betterworks helps organizations to measure employee performance and motivates them to overcome the challenges.
Betterworks--1-

Clientele:

Vertiv, Schneider Electric, Kroger, Lumeris, Akamai, Nextel, CRAY, etc

Features:

  • Transparent commute progress
  • Quality feedback
  • Actionable dashboards
  • Survey scheduler
  • OKR master certification
  • Conversation templates

Pros:

  1. Increase employee engagement.
  2. Real-time coaching for improvement.
  3. Available in both iOS and Android.
  4. Multiple integrations are available.
  5. A single tool for a global workforce.
  6. Security compliant

Cons:

  1. UI can be improved
  2. Lack of industry benchmarking

7Geese

Ease of Use Features Customer Support Pricing
4.2/5
4.2/5
4.2/5
3/5

The 7geese performance management software helps the organisation in setting goals and evaluate the team and individual performance, , irrespective of their location, through reviews, feedback and ratings. It enables the managers to engage their team members by clarifying their goals, continuous communication and help them realise their potential through performance reviews. The customisable templates of the feedback form saves time. The personalised growth plan denotes the progress of the employees, including their performance in learning management systems.
7geese

Clientele:

Fait Trade USA, Softcom, Peakperformance, Unidays, Burton, etc

Features:

  • Career management
  • Automatic notifications
  • Succession management
  • Self service
  • Social Recognition
  • Development plans

Pros:

  1. Personalised employee growth plans
  2. Pre curated templates for feedback
  3. Smooth navigation and easy to use

Cons:

  1. The OKR process can be simplified
  2. The mobile application lacks major features
  3. Overpriced for small businesses and start ups

ClearCompany

Ease of Use Features Customer Support Pricing
4.3/5
4.1/5
4.3/5
4/5

Having 15 years of experience in talent management, ClearCompany has assisted over 2000 clients in recruitment, onboarding, workforce planning and performance management. Its social platform also allows the employees to celebrate the personal achievements and peer recognition. The mobile compatibility helps the employee to complete the review process on the go. The performance management module includes annual reviews, time based reviews, custom reports and email reminders to eliminate the delay in the review process.
Clear-Company

Clientele:

Jamestown Community College, AEP Energy, Axiom Bank, Bios etc

Features:

  • Continuous performance tracking
  • Employee insights
  • Mobile friendly
  • Nurture talent
  • Scorecards
  • Interview tools
  • Goal updates
  • Kudos and rewards

Pros:

  1. Customer support is very quick and responsive
  2. Job posting in multiple sites
  3. Multiple third party integrations

Cons:

  1. Only for the North America clients
  2. Limited features for performance management, best for recruitment

Profit

Ease of Use Features Customer Support Pricing
4.1/5
4.3/5
4.2/5
3.6/5

Incorporated in California, USA, Profit is best suitable to manage OKR in an organisation. It enables the managers to set objectives for individuals, departments, temporary project teams and all the employees of the organisation as a whole. OKR can be structured in a hierarchical view to analyse the complete alignment across the organisation. The products of Profit include OKR, task, employee engagement and performance management. The platform allows managers an overview of the active and closed assessments. The profit score shows the result of the employee based on performance management parameters.
Profit

Clientele:

Pipecandy, Wex, Gaea, Optron, Zeemaart, Comnet Solutions etc

Features:

  • Strategic alignment
  • Watched OKRs
  • Newsfeed
  • Profit Score
  • Self reviews
  • HR dashboard

Pros:

  1. Easy to use
  2. Rich functionalities of OKR
  3. Regular updates

Cons:

  1. Bit overwhelming for the first time users
  2. More informative video tutorials on the platform could be shared
  3. HR dashboards in performance management module can be improved.

Comparison Based on Pricing

The following is a comparison chart of the 10 best performance management software. The pricing may vary on the basis of organisational requirements.

Performance Management Software Basic Plan
Per user/month
Overall Average Rating
Performly $2
4.2/5
Assessteam $1
4.4/5
Synergita $2
4.3/5
Leapsome $9
3.8/5
Reflektive Contact Vendor
42/5
PerformYard $4
4.1/5
Betterworks $8
4.2/5
7Geese $10
3.9/5
ClearCompany Contact Vendor
4.2/5
Profit $7
4.1/5

This comparison is written by Pratyakshi Goswami who works as a Human Resource Analyst at Vantage Circle. Pratyakshi is actively involved in the strategic side of managing people better and was previously engaged with the operational work of human resources. For any related queries, contact editor@vantagecircle.com