Top 10 Employee Performance Management Software — in 2024

People's work is key to doing well in any job. It's the joint work and help of each person that make good results and top wins in a group.

So, if you aim to bring out the best in your business, you must work on boosting your team's power.

Fortunately, there are many top-notch tools for checking on worker performance out there. These tools help by:

• Making it easy to set and track projects from a single place where work goals can be written down, followed, and changed
• Helping with ongoing communication and reviews between managers and employees
• Creating opportunities for employees to grow through mentoring and development planning.

Below are ten of the finest employee performance management software that are expected to dominate the market in 2024.

TMetric for Accurate Time Tracking & Performance Management

Time tracking insights for employee performance

TMetric is a time tracking tool offering more than an hour tracker. Businesses can gain promising ideas using the time tracking data and enhance the performance of their employees.

How TMetric Strengthens Performance Management

• Work Time & Productivity Tracking: It monitors the time of projects and tasks to provide details of personal and group productivity. It is possible to determine trends, bottlenecks, and strengths of employees.
• Reporting on Projects: Use reports to see how well deadlines are met, resources are allocated, and how individual contributions impact project timelines.
• Time Off Management: Teams can greatly simplify the process of requesting time off using TMetric PTO Module. It allows staff members to get approval from the manager instantly, check their remaining balance, and for managers – to plan the staff availability.
• See Skill Gaps: Time spent on specific tasks can be the means of identifying areas where employees underperform. Use the data for training programs and skill development.
• Get Data for Decisions on Promotion: Time tracking is also a great source of information for promoting employees whose skills must be rewarded.
• Better Client Billing: To get fair client billing, businesses always need information on work hours to gain trust in client relationships.

By paying attention to these areas, you move beyond "hours worked" to a more comprehensive evaluation and prioritize quality, engagement, and actual contribution to projects.

TMetric Best Practices in Performance Management

• Clear Goals: Use data concerning time tracking in combination with clear project goals and expectations.
• Lay Emphasis on Efficiency, not Hours: Do not rely on time data just to keep track of individual hours but look at it to find areas to improve workflow and processes.
• Open Communication: Address the time tracking data openly to employees and the aim should be on providing improvement and optimization and not penalization.
• Use Integrations: TMetric can be also integrated with other project management tools and used in a more comprehensive way (e.g., Asana, Trello, or Jira).

Time tracking with TMetric provides insights in:

• Quality of Work (the effectiveness of project completetion is easy to see by time entries along with descriptions for each task)
• Employee Engagement (managers can uncover any possible problems with workload and the direction of goals)
• Skill Development (trace hours on training and hours on the work in an effort to understand how effective training is in relation to increased efficiency and performance).

Using TMetric along with other tools that concentrate on project planning, performance evaluation, and employee involvement, you are sure to determine correct performance management metrics.

💲 On the Free Plan, teams of 2 can get comprehensive time tracking.To unlock complete employee management functionalities, there is the Professional Plan for $5 monthly.

BambooHR for HR Departments

Get results, not paperwork

BambooHR is an effective alternative to companies looking to have an easy-to-use and affordable product to automate core performance management functions.

It smoothens the process of goal setting, feedback and employee performance monitoring.

BambooHR has several core performance management abilities.

• Employee Data Administration: BambooHR supplies a secure and centralized place where employee data is stored (hence being easily and conveniently accessed for performance).
• Benefits Management: BambooHR makes benefit administration simple as it allows you to manage employee enrollment, eligibility, as well as communications associated with all your company benefits.
• Automation of the Approval Process: Tasks like leave request or hiring documents are automated by using BambooHR and the operations run very smoothly and efficiently.
• Onboarding and Exit Management: When it comes to hiring and firing employees, the tool removes paperwork, improves introductions, access, and exits.
• Report Generation and Analysis: Create reports with data pertaining to the key parameters such as workforce demographics, attrition rates, and time-off usage to make well-informed decisions on managing the human resources.

The platform can be used on both desktops and mobile phones, – it is an ideal tool to facilitate on-the-go feedback and goal tracking.

💲Companies with 20 or fewer employees pay a fixed monthly fee. Reach out to a vendor to request a price estimate.

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Ajoft HRMS for Comprehensive Performance Analysis

Simplify employee performance management. Amplify business success

Ajoft HRMS is a combined system that allows companies to have substantial control over employees on different areas of their performance, not only in terms of maintaining employee information records, but also in terms of processing payments and performing performance assessment.

It features:

• Real-time Feedback: Ajoft enables on-the-spot appraisal and feedback, which can result in increased employee engagement and better job performance.
• 360-Degree Feedback: It can gather feedback from managers, peers, and clients, bringing a holistic view of an employee's performance.
• Goal Alignment: Users can set individual goals and align it with business goals. It established effective group work.
• Automated Reviews: Ajoft holds a highly automated review procedure, - it could possibly save the time of the HR managers and enhance productivity.
• Alerts: SMS and emails are automatic notifications that will inform employees and the management. It establishes a review cycle in which all parties will find it easy to follow the procedures.
• Incentive Management: The system is associated with appraisals in performance reviews with.

💲Contact a supplier for detailed pricing information.

Zoho People for Effective Employee Performance Feedback

360-degree feedback capabilities for comprehensive employee evaluation

Zoho People sparks as an interesting EPM option in terms of user-friendliness, effective functions set and reasonable prices.

Zoho People offers a powerful collection of EPM features, which contains;

• Performance Tracking for the live monitoring of the progress using key result areas (KRAs).
• 360-Degree Feedback: Get instant response/review of the managers, peers and even self-analysis to have a wider picture of the performance of the employees. In multi-rater feedback, the manager bias is removed, and the work is more fairly assessed.
• Tailored Appraisals: Tailor-made performance reviews. Establish performance reviews that suit the needs of your organization (timescales, succession plans and appraisal procedures).
• Data-Based Appraisal: Measure objectives, skills and other applicable data to make judgments in terms of performance.

💲The employee performance management features are available on the Professional Plan for €2 per user monthly.

PerformYard for Performance Management Catering to Your Business

Granular permissions and controls to tailor the user experience

If you are struggling with clunky spreadsheets or suffer from outdated review processes, Perform Yard can be a solution. It is employee performance management software that optimizes productivity and engagement.

Its functionality includes:

• Goal Setting and Tracking: The intuitive goal-setting interface allows clear communication, progress updates, and real-time visibility into goal achievement.
• Accountability and Coaching: Performance reviews on a yearly basis are a thing of the past. Perform Yard enables continuous feedback and coaching with the help of seamless feedback possibility.
• Performance Reviews and Evaluations: When using Perform Yard, the company can automate reminders and customise performance reviews. It is very easy to do a complete review, write down the strengths and areas of enhancement, and inhere an informative report on the performance of the organization.
• 360-Degree Feedback: Perform Yard will offer the ability to receive a 360-degree feedback which will result in an all rounder input of the feedback sources.
• Learning and Development: The platform will include individual learning plans, training modules, and resources which will help to advance the skills and competencies of an employee.

💲The cost of service ranges between $5 and $10 per user monthly depending on the features. Please note that this information might be subject to change; therefore, potential clients should confirm current pricing details with a sales team.

PeopleForce for Powerful Performance Analytics

Advanced analytics and reporting for deeper performance insights

PeopleForce is a performance management system that operates on the cloud, aiming at analysing the objectives of employees, providing them with reviews and designing accurate development plans.

It features:

• Goal Setting & Tracking: Users are allowed to set SMART goals and include them in the workflow.
• Constant Feedback: The managers are able to provide comments on employee work. The employees, in their turn, may present the achievements, problems, or brainstorm.
• Reviewing Cycles: You are able to create review cycles. Among them is a wide range of templates (annual, semi-annual, or quarterly reviews) and, - HR managers have individual questions to evaluate certain competencies or abilities.
• Onboarding: Businesses can simplify transitions with PeopleForce. It advises appropriate training programs, and enables the user to monitor his or her progress.
• Reporting: The pinnacle of the entire process should be a report that will quantify engagement rates and outline skill shortages to make adjustments to talent management plans.
• Mobile usage: Team will be in a position to view and access the program through the mobile app (supports iOS and Android). It has the capability of report and task management.

💲On the Standard Plan, the monthly cost is $2 per user.

Perdoo for SMART Employee Goal-Setting and Evaluations

Supports OKR (Objectives and Key Results) methodology for goal setting

Perdoo is a contemporary, easy to navigate tool when it comes to controlling performance of employees.

This software simplifies the whole process so that managers as well as employees can give and get reviews to enable businesses generate amazing returns.

Strengths:

• Goal Setting and Tracking: Perdoo is amazing at setting goals, key results and usability of the goal into daily activities.
• Alignment and Transparency: The system provided by Perdoo combines a three tiered goal setting structure of a company, a team, and a personal level.
• Progress and Check-ins: Frequent check-ins on Perdoo maintain managers and employees on the same frequency. Employees will be able to monitor their progress concerning the goals, and managers will be able to spot barriers and assist.
• Focus and Prioritization: Due to its nature, OKR methodology allows one to prioritize goals and concentrate on what is really important. This would be converted to better performance of the employees in the removal of distractions and shifting efforts to meaningful work.

💲Available on the Free Plan with access to basic features. On the Premium Plan, the cost is €8 per user, per month

Weekdone for Monitoring Employee Progress

Team progress and productivity tracking through weekly check-ins

Weekdone markets itself as one of the leaders in the field of OKR (Objectives and Key Results) software, trying to help companies get clear goals and measure their progress by them.

Its capabilities however, do not end in only OKRs, which makes it a good employee performance management tool.

• OKR Framework: Weekdone helps you apply the OKR approach, enabling you to set company, department, member, and personal goals to establish a transparent chain of command where individual quests become part of company-wide goals.
• Weekly Planning: The employees will be able to map out their weekly plans and keep it in line with the OKRs. This stimulates concentration and makes things clear.
• Progress Tracking: Using Weekdone can ensure that the team updates the progress on a regular basis, hence making it accountable.
• KPIs and Dashboards: Key Performance Indicators (KPIs) of measuring success to goals. Weekdone offers real time dashboards to identify the progress within the organization.
• 1-on-1s and Recognition: Weekdone allows individual employees and supervisors to conduct personal one-on-one discussions to have a more detailed chat. It also enables recruitment of achievements and enhancement of employee morale.

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💲Free for teams of up to 3. On paid plans, prices start at $10.80 per user

Engagedly for Increased Employee Engagement

Social recognition features to foster employee engagement

Engagedly has abilities to simplify performance management. It makes your employees growth empowered.

It features:

• Performance Reviews: Managers have the possibility to customize templates to make progress monitoring, establishment of objectives, and offering feedback to individuals easy.
• Collaborative Environment: Users are able to collaborate to draw individual and organizational goals, monitor and measure achievements.
• 360° Feedback: Gain a comprehensive view of employee performance through anonymous peer, manager, and self-assessments.
• Continuous Feedback Culture: Encourage open communication and accountability by allowing employees to give and receive feedback in real-time.
• Learning & Development Integration: Connect Engagedly with your LMS to provide seamless access to training resources and development opportunities for employees.
• Recognition & Appreciation: Motivate your team by enabling managers and colleagues to acknowledge achievements and foster a positive work environment.
• Data-Driven Decisions: Make informed choices about talent management with Engagedly's comprehensive analytics and reporting tools.

💲Users can get started with our Starter Plan for just $3 per user, per month. This plan is ideal for teams with at least 50 users

Lattice for Stremalined Employee Performance

Continuous feedback loops and check-ins between managers and employees

Lattice platform is a cloud people management software aimed to streamline people management in order to enhance the efficiency of the workers, and it has the following features:

• Collaborative Goal Setting: Goals to be set up by managers and employees are collaborative as per the objectives of the company.
• The SMART Goal Framework: Lattice fosters the establishment of Specific, Measurable, Achievable, Relevant and Time-bound goals, which make any goal set clear and focused.

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• User Friendly Online Reviews: Lattice removes the need of the time-consuming and expensive paper-based reviews and provides an easy-to-use web-based product.
• Non-Stop Feedback: The software inculcates a culture of non-stop feedback via options such as check-ins, pulse survey and 360-degree feedback. It will enable more quicker and pertinent performance information.
• Performance Calibration Tools: Lattice guides managers to address the issue of consistency and fairness when evaluating performances by offering instruments designed to make calibration conversations.
• Performance Analytics: Lattice provides data and reports to examine the trends, find the best performers and reveal the possible improvement opportunities.

💲You can get Performance Management, OKRs, and Goals all together for $11 per person, per month

How to Choose the Right Employee Performance Management Software for Your Business

Choosing the right employee performance software can be challenging but you can start with five key questions.

✅First, think about who will use the software. This helps you spot key features you will need, - the tool must help managers with make it easy for workers to follow when answering the questions, etc.

✅Then, look how safe employee info is. There can be no compromise on confidentiality.

✅Last but not least, set up a view to watch the software work and check if it fits well your team needs.

Looking at these points helps select a tool with good mix of price and functions.