Assessing the performance and progress of your employees accurately and in quick time is a crucial function of HR managers.
The best performance tracking software solutions help you do just that!
But are you aware of the best solutions for tracking employee performances?
Here, we will look at 12 such software solutions that you can use to enhance and improve your employee performance tracking and make your team more productive.
Table of Contents
What are performance appraisal systems?
First of all, understanding performance appraisals thoroughly is important to developing a solid performance tracking system.
Performance appraisals happen bi-annually or yearly, but can happen monthly or multiple times a year depending on need and urgency.
It can also be referred to as the performance review, performance evaluation, or employee appraisal. Appraisals include formal sit-downs in which the direct manager or supervisor evaluates performance on the main tasks and responsibilities of the employee.
In today’s times, software solutions related to the overall performance management processes of an organization are called performance appraisal systems. These solutions offer a digital or virtual way to assess employees’ performances through relevant features and metrics.
Benefits of performance monitoring software matter?
Performance tracking software primarily helps to align the expectations of the managers with that of the employees to meet the strategic goals of the business. It provides metrics to measure the performance and productivity of the employees. This helps leaders to gauge the early signs of a potential threat and take necessary steps to mitigate the adversities.
Employee performance management tools are becoming increasingly important for organizations to be successful in the current business environment. By adopting performance management measures, leaders can understand the factors that are working well for the business and seek better results through proper implementation.
Key benefits of performance assessment tools include:
Stronger Goal Alignment:
These tools ensure individual objectives are in sync with company goals. Performance management tools align individual employee goals with organizational objectives, ensuring that every team member works toward shared goals, which boosts productivity and focus.
Continuous Feedback:
Performance tracking tools enable instant feedback and communication, allowing for timely recognition and constructive input. This helps employees make proactive performance adjustments while giving managers the ability to address concerns promptly, promoting a culture of ongoing improvement.
Increased Employee Engagement:
Employees feel more invested in the workforce. By recognizing and rewarding employee contributions, performance management tools play a key role in lifting morale and engagement, ultimately increasing job satisfaction and improving retention.
Data-Driven Decisions:
The software delivers actionable insights via analytics. By offering detailed data on employee performance, it enables organizations to make well-informed decisions about promotions, training, and succession planning, ensuring that the right talent is nurtured and retained.
Top 12 performance assessment tools
Engagedly
Engagedly ranks as a leading performance management tool, offering a comprehensive suite of features, including optional tools for employee engagement and professional development.
The features help you empower your employees to take control of their growth and development. Also, it provides managers with a comprehensive view of each employee’s performance.
Both managers and employees can easily monitor and support ongoing performance, ensuring that teams stay aligned with their goals. The solution also provides basic engagement tools like surveys and employee recognition to further enhance workplace satisfaction.
Standout Feature:
- integration of AI-powered functionalities,
- collaborative goal-setting capabilities
- the inclusion of succession planning
- offers mentorship software as an add-on
- Comprehensive 360° Feedback or Multirater assessment
Key Integrations:
ADP Marketplace
BambooHR
Go1
Google Sheets
Gusto
Meta Workplace
LinkedIn Learning
MS Teams
Pricing Packages:
| Manage Performance | Learn & Grow | Recognize & Reward | Engage & Listen |
| $8 per user per month | $4 per user per month | $2 per user per month | $2 per user per month |
| *Billed annually | |||
PerformYard
PerformYard is a comprehensive employee performance management software that equips businesses with essential tools for success. It offers features such as goal setting, performance reviews, regular check-ins, continuous feedback, and employee engagement.
These features help to eliminate tedious HR tasks, keep the human element of HR, and help import existing performance appraisal forms or create new ones. The software makes it easy to design any performance management process.
The platform also provides robust reporting and analytics capabilities, allowing managers and employees to stay aligned with organizational objectives, track progress, and celebrate top performers. These tools foster a culture of transparency and support, ensuring that everyone is working toward the same overarching business goals.
Standout Feature:
- focus on addressing more difficult performance management tasks
- performance improvement plans for employees
- tools for conducting exit interviews
Key Integrations:
ADP
Gusto
BambooHR
Rippling
Workday
G Suite
Microsoft 365
Slack
Pricing Packages:
| Performance Management | Adding: Employee Engagement |
| $5-10 per person/month | +$1-3 per person/month |
| *Billed annually | |
Lattice
Lattice is a cloud-based performance management solution designed for HR professionals across various industries. It offers customization options to meet the needs of businesses and large enterprises.
Its core features include performance reviews and goal management, with the added convenience of mobile access. Users can assign tasks to individual employees, track their progress until completion, and monitor team productivity through visual graphs.
Lattice makes HR operations quite simple. The integrations keep your data in sync while AI-powered workflows automate the manual aspects of employee experience.
Standout Feature:
- It’s admin dashboard allows HR teams to create custom performance review questions
- provides constant reminders to ensure timely completion of performance reviews.
- Managers can set custom fields for detailed employee performance analysis
- Generated reports are stored for future reference and comparison
Key Integrations:
Salesforce
Outlook
Jira
Namely
Microsoft Teams
BambooHR
Pricing Packages:
| Talent Management | Add-on: Grow | Add-on: Engagement | Add-on: Compensation |
| $11 seat/month | +$4 seat/month | +$4 seat/month | +$6 seat/month |
| *Billed annually | |||
Mitratech Trakstar
Mitratech Trakstar Perform is a leading performance management software that offers powerful analytics, enabling businesses to make data-driven decisions about their workforce. It helps align employee goals with organizational objectives and assesses employee performance.
Perform is one of four products that can be bundled together for a full talent management solution. In addition to performance management, the suite includes an applicant tracking system (ATS), a learning management system (LMS), and workforce analytics.
You can gather peer, client, report, and manager feedback and get a full picture of employee performance. Also, you can keep a finger on the pulse of the organization with regularly scheduled, hands off, engagement surveys that uncover actionable insights to keeping employees happy and productive.
Standout Feature:
- Inclusion of employee engagement tools integrated directly into the performance management platform
- Mitratech Trakstar Perform is also available for purchase as a standalone product.
Key Integrations:
BambooHR
ADP
G Suite
Microsoft 365
Salesforce
Slack
Pricing Packages: Have to contact sales for a Free Demo.
Peoplebox
This solution is a modern performance management platform that lets HR leaders and managers take on a strategic role by aligning people with business goals. It offers a unified solution where HR can conduct 360-degree reviews, manage 1:1 meetings, and run engagement surveys.
Additionally, teams can streamline their weekly meetings and monthly business reviews (MBRs) with automated tracking of OKRs, KPIs, and projects, all within the same platform.
You can drive strategic business outcomes faster by identifying, aligning and retaining your top-talent with this one-stop talent management and people analytics platform.
Standout Feature:
- Ability to structure and manage one on one discussions
- User-friendly interface that is easy to navigate
- Real-time Feedback and Goal Tracking
Key Integrations:
Microsoft Teams
Slack
Google Sheets
HubSpot
MySQL
Google Analytics
Zoho People
BambooHR
Pricing Packages:
| Talent Management | OKRPlatform | Full Suite – Professional | Full Suite – Premium |
| $7/month/person | $8/month/person | $12/month/person | $15/month/person |
| *Billed annually | |||
Namely
This talent management platform serves over 1200 mid sized companies. The software lets you simplify assessment cycles with intuitive and configurable performance review forms.
Its entry-level plan includes features such as a company news feed, employee directory, tasks lists and more. As part of its general features, it also has an HR employee portal, analytics and reporting and its self-service employee portal.
Its talent management platform gives you the tools to develop a high-performing team that delivers results for your business.
Standout Feature:
- Employee self-service and self-onboarding
- Regular constructive feedback for employee engagement
- Enables users to view company goals, objectives, tasks and performance reviews
Key Integrations:
JazzHR
Jobvite
Workable
Adobe Acrobat Sign
Bonusly
HelloTeam
Lattice
Worktango
Zapier
Slack
Pricing Packages:
| Now | Plus | Plus People | Complete |
| $9PER EMPLOYEE PER MONTH | Contact Sales | Contact Sales | Contact Sales |
| *Billed annually | |||
ClearCompany
ClearCompany is a comprehensive talent management platform that offers AI-driven solutions for a wide range of HR functions, including sourcing, recruiting, applicant tracking (ATS), background checks, offers, onboarding, goal setting, feedback, performance management, employee engagement, learning (LMS), and reporting with people analytics.
Serving thousands of businesses, ClearCompany helps organizations streamline their hiring, onboarding, and employee retention processes, aligning people and operations to drive business success.
Their Talent Maximization philosophy and award-winning talent management software helps thousands of clients to optimize the employee experience and achieve their missions.
Standout Feature:
- Advanced AI technology,
- User-friendly interface,
- Easily customize review cycle workflows, questions, formats, scales, and participant communications
- Integrated expert training content, and resources
Key Integrations:
Accursource HR
ADP WOTC
Asurint
BambooHR
Checkr
Dayforce (Ceridian)
Glassdoor
HireRight
Indeed
Pricing Packages:
You would need to request a custom quote to learn about the pricing from their pricing page.
BambooHR
BambooHR performance appraisal software offers a highly effective approach to performance management through 360-degree feedback, customizable questions, and a structure that supports more frequent, focused reviews.
By enabling feedback collection, BambooHR allows leadership to gather valuable insights about employees and managers from the colleagues and stakeholders who work closely with them every day.
With straightforward self-assessments and manager evaluations, BambooHR helps managers recognize employee strengths and contributions, compare their feedback with the employee’s perspective, and foster open conversations.
BambooHR also provides the flexibility to design and customize multiple performance review cycles, complete with tailored questions and schedules for different teams such as Product, Sales, and Customer Support. It offers a ready-to-use solution while giving you the ability to personalize the review process to fit your organization’s specific requirements.
Standout Feature:
- Enables you to string a sequence of action steps for things such as promotions, time off requests and more.
- Employee Performance Report that visually displays the workforce on a grid.
- Helps you keep a finger on the pulse of employee sentiment towards their jobs and the company as a whole
Key Integrations:
Chekr
Greenhouse
Oyster
Slack
SAML
Microsoft
Deel
Leapsome
Pricing Packages:
The solution has a Core and Pro plan with add-ons. But for the exact pricing you will need to get in touch with them.
HR Performance Solutions
Performance Management (Performance Pro, performance management solution) and Talent Development (The Learning Center, learning management solution) provide you top-quality user experience. You may enhance development through automated competency based course assignment and ongoing assessment of progress.
Performance Pro can support the purpose of your employee check-ins, coaching, and evaluation process with user-friendly business tools that help eliminate task-heavy headaches, and provide the ability to automate, track, and enhance overall employee performance.
Standout Feature:
- Includes learning course content with processes in performance management (Development Plans, Evaluations, 90-day Reviews, Performance Improvement Plans, etc.)
- Leverage pre-mapped course content to competencies for simplified position-specific learning plans based on skill requirement.
- Automated course assignments based on performance measures
Key Integrations: N/A
Pricing Packages:
| Performance Pro | Add: Compease or The Learning Center | All Three |
| $2-$6PER EMPLOYEE PER MONTH | $3-$7PER EMPLOYEE PER MONTH | Contact Sales |
| *Billed annually | ||
Leapsome
Leapsome is a powerful platform designed to help you manage and improve the performance and development of your employees. It offers several core functionalities that make it easier for you to support and engage your team.
Performance Management allows you to conduct structured performance reviews. These reviews help you provide feedback and set future goals for your employees, ensuring continuous improvement.
The tool lets you check in on your team, support their well-being, and boost engagement. Also, the platform empowers managers with the tools they need to drive employees to perform better.
Standout Feature:
- All-in-one functionality, integrating performance reviews, surveys, goal setting, and training modules into one platform.
- Helps in standardizing the review process and improving team visibility
- Learning modules and training options available on Leapsome are seen as valuable tools for employee development and skill enhancement.
Key Integrations
ADP
BambooHR
Ceridian Dayforce
Employment Hero
Deel
Gusto
Paychex
Workday
Pricing Packages:
For detailed pricing information, please reach out to get a quote.
WorkDove
WorkDove combines performance, engagement, and talent management across one integrated platform to improve people decisions and business results. WorkDove is the only platform that improves retention and employee engagement by combining the Performance-Values Matrix, Workplace Satisfaction, and real-time Check-in/Pulse.
You can record and track real-time employee sentiment & engagement trends and evaluate your employees across performance, value fit and workplace satisfaction.
WorkDove’s clean and intuitive platform makes it easy to manage performance all in one place. You can create your digital coaching files, easily track goals, and build your high performing team in one simple platform.
Standout Feature:
- WorkDove’s easy-to-use 9-box software streamlines requesting placements, visualizing & calibrating employees across performance and potential.
- Improve collaboration and help your team members grow with streamlined peer, upward, and external feedback.
- Reduce attrition through continuous career development. Transform your individual development plan to help your employees grow and reach career goals.
- The Performance Check-In tool automates regular communication and feedback between managers and team members.
Key Integrations:
BambooHR
ADP
Factorial HR
Gusto
Namely
Insperity
Quickbooks Online
Rippling
Pricing Package:
| Talent Bundle | Performance & Employee Engagement | Full Platform |
| $5 Monthly Per Employee | $5 Monthly Per Employee | $7 Monthly Per Employee |
| *Billed annually * Pricing for 200 employees or more | ||
Workday
Workday is a cloud-based human capital management platform that integrates with business applications, enabling companies to manage recruitment, onboarding, performance, and compensation in one system.
Workday is popular with medium to large enterprises. It offers a range of features, from time tracking and payroll to advanced analytics and HR management, making it a versatile choice for businesses.
Workday Skills Cloud, with its AI- and ML-driven skills intelligence foundation, helps you deliver personalized experiences, unlock people’s potential, and drive workforce agility at scale. You can also empower people to build on skills or upskill with learning that’s relevant, contextual, engaging, and personalized to skill level.
Standout Feature:
- ease of use and intuitive user interface
- Customizable options
- Offers adequate integration to other third-party apps
- mainly designed for medium-to-large-sized companies with multiple locations.
Key Integrations:
TimeCom
CapEx Reconciliation
Vertex Inc.
BetterUp
ADP
DocumentTags
Deloitte Mining Accelerator
Pricing Packages:
You have contact sales for the pricing.
Properly implementing a performance review software
A performance monitoring software system should ensure the unique needs of an organization. The tool should be aligned and supportive of the organization’s mission, vision and values. And it should provide a useful, and user-friendly process for gathering, sharing, and documenting feedback.
Let’s look at 8 ways of ensuring software solution yields optimum performance:
Set Your Objectives
Clearly identify what you want to achieve, such as improving feedback, increasing engagement, or identifying skill gaps. You should also set Metrics that establish a clear criteria for measuring success. The metrics could be:
- Number of sales
- Number of errors
- Net promoter score
- 360-degree feedback
- Revenue per employee, etc.
Select the Right Software
You should look for features that align with your needs, like goal tracking, real-time feedback, analytics, and customizable reviews. You should ensure the software can scale with your business as it grows.
In addition, check if the software integrates with existing tools (HR systems, payroll, etc.)
and is intuitive for both managers and employees.
Involve Stakeholders
One thing you must try to do is make the leadership understand the benefits of the software you want to implement. As the management will invest on the software, so will expect a strong ROI via the implementation.
In addition, you can gather input from managers and employees to align the software with user expectations.
Customize the Software
Adapt the software to fit your organization’s performance review cycle, review forms, and feedback methods. Establish role-based access to ensure appropriate use of sensitive data.
Also, configure automated reminders for reviews, goal updates, and feedback sessions.
Train Team Members
Providing comprehensive training sessions to managers and employees on how to use the software will make the software easy to use from the onset. If needed, develop easy-to-follow guides and FAQs, if not already there with the package.
In addition, run pilot programs to familiarize users with the platform before a full-scale rollout.
Implement Use of the Software
Begin proceedings with phased implementations. Start with a smaller group or department before company-wide deployment.This will help to troubleshoot existing issues or glitches.
Track the performance of the software during the rollout to ensure it’s functioning as expected.
Measure Success and Refine
Once it’s installed and ready to use, track Key Metrics and analyze the impact of the software on employee performance, engagement, and turnover. You should also regularly gather feedback from users to refine the process and make adjustments as needed.
Periodically update the system to incorporate new features and improvements based on user feedback and organizational needs.
By ensuring the above methods, you can successfully implement performance review software that fosters continuous feedback, employee development, and data-driven decision-making.
Possible Challenges to Tackle
Let’s now look at some possible limitations and challenges you might fact in properly installing a performance management tracking tool:
Usability Issues
One of the most common difficulties with performance management software is poor usability. If the tool is not user-friendly, employees and managers may resist using it, resulting in low adoption rates and inefficiency. That is why, when purchasing a performance management tool, ensure it has an intuitive interface and is easy to navigate.
Budget Limitations
Implementing performance management software can be costly, especially for SMBs with limited budgets. Expenses may include software licenses, customization, training, and ongoing support or subscription fees.
It is best to look for scalable options that allow you to start with essential features and upgrade as your organization grows. And then there are the pricing plans based on the number of users, so you can start small and expand later.
Limited Features
Many performance management tools may lack critical features needed to support your organization’s specific processes. Only some solutions, as mentioned in the above list, have all-round features. This can limit the software’s effectiveness in driving employee development and business outcomes.
So, it’s best to choose a solution that not only meets current needs but can also scale with the company’s evolving processes.
Security Matters
Performance management systems handle sensitive employee data, including performance reviews, personal information, and compensation details. Without proper security measures, this data could be vulnerable to breaches or unauthorized access.
We suggest you to ensure the software follows industry-standard security protocols, like encryption, access control, and regular security audits. Plus, it’s crucial to implement role-based access, so only authorized personnel can view or edit certain information.
Summing Up
The above performance tracking software solutions ensure you can analyze employee performances accurately and swifty. All the solutions have particular features that set them apart, along with industry integrations.
But it’s you who will decide which one to invest in for the best outcomes and streamlining your performance management systems.
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