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8 Best Performance Management Systems – Your Choice for a Winning HR Tool

Performance management software is a powerful tool that helps managers establish and evaluate employee performance. Performance management systems are used to manage employee progress, performance, and development in relation to organizational goals.

The best performance management software facilitates meaningful and ongoing discussions between managers and direct reports by providing an objective platform for both parties. The best HR tools can help employees reach their potential by giving them feedback on how they are doing in the workplace.

There are many different ways to go about performing an evaluation, but it is important for HR and non-HR professionals alike that they take the time to evaluate employee performance in order to maintain effectiveness within their workplace and help people do their work better!

Employment performance reviews are a great way to keep employees happy and show them where they can improve. We will help you find the best tools for evaluating employee performance by going over some important points about these appraisals, such as how useful they are for both employers and employees alike- not just management! There is also discussion on what should be included in any review: praise when it’s deserved while still providing constructive criticism elsewhere.

What is Performance Management

Performance management is not just a yearly performance review. If you are committed to improving your employees’ current and future work, as well as the company’s growth in accordance with business objectives, then it would make sense for you to include the following practices:


Setting a career path doesn’t have to dictate every move the employee makes, but it can help clarify decisions about leadership roles and projects assigned.

Once an individual’s long-term goals are determined, there is often some discussion around what skills they need in order to reach their desired goal – this helps make clear future priorities for training or education opportunities.


Setting a career path doesn’t have to dictate every move the employee makes, but it can help clarify decisions about leadership roles and projects assigned.

Once an individual’s long-term goals are determined, there is often some discussion around what skills they need in order to reach their desired goal – this helps make clear future priorities for training or education opportunities.


Providing employees with verbal and/or written recognition can go a long way in improving their performance. Feedback is key to any job, but it’s especially important for such jobs that require creativity or constant problem-solving skills–employees need feedback so they know when they’re getting the task done right! The best part about giving out this type of praise? It costs less than bonuses or raises (but those are still great motivators too!).


The coaching process is a difficult one to get through. It requires patience, empathy, and the ability to listen carefully. The goal of any coach should be making sure that their employee feels respected and supported in life’s toughest moments- whether it means providing space for them or helping them take steps towards solving issues on their own by asking good questions with consideration rather than coming up too bluntly with suggestions before they’re ready for help. There are many different models out there when it comes to being a great coach– so make sure you have an assortment handy at all times!


Planning your new performance management process can be tough but there’s something you need to think about before moving forward- the cyclical view of managing performance. The path towards improvement isn’t straight and doesn’t happen all at once but rather repeats until it pushes an employee farther along–even if they stumble occasionally. There are two ways that people usually approach this task: either plan, activity monitor review, or one tailored closely with company values and goals which is likely best for you given its continuous nature – yet whichever way fits better with how your team operates will work well as long as everyone understands their role in improving themselves and others throughout each phase of the process (planning/monitoring).


Performance management software is used by organizations to help them monitor how employees are performing. The best performance management systems will also be able to track and improve employee engagement, support SMART goals, provide feedback that aligns with business objectives, allow for transparent communication between manager and team member in order to better understand what the company’s mission really means on an individual level.

Best Performance Management Systems

1. Factorial

Factorial is a performance management system that tracks company progress. It has customizable reports, feedback from employees in their portal, and instant notifications for participants. Factorial also connects with many other tools to ensure your day-to-day workflow integrates well into the program you are using so you can stay on top of what needs doing at all times! One way it’s easy to do this is by signing up for Zapier – there hundreds of different apps which will integrate directly into Factorial without any extra work needed on your end.

Integrations for Factorial include Slack, Google Calendar, Outlook, Gmail, and hundreds of available tools through a Zapier account. One con is that there are few limitations that might slow you down slightly; for example, vacation requests cannot include partial days without entering two items – one for the full day(s) and another item with each partials day(s). Factorial starts at $32.50/user-month but has a 14-day trial period so it doesn’t cost anything to try out!

2. Paylocity

Paylocity is an all-in-one software platform for HR professionals that provides a way to easily manage daily tasks in payroll, benefits, talent, and workforce management. What makes them different from other providers is the quality of their technology supported by a work culture that cares about clients’ successes. Providers will merely sell you what they have but partners actually care about your business and helping tackle day-to-day work so employees can spend more time building the company’s desired culture with Paylocity on board as a partner!

3. Employment Hero

Employment Hero is a provider of an integrated HR and payroll platform. Features include paperless onboarding, online training checklists, automated induction, performance review templates, and cascading goals. Employment Hero scored the highest in Value for Cost per the aforementioned evaluation criteria as it not only has a modest monthly cost but also offers a freemium subscription plan.

4. SAP

SAP is an incredibly versatile and intelligent ERP that can be tailored to any company’s needs. This flexibility makes SAP a top choice for small businesses, but also powerful enough for the largest of corporations in need of software solutions.

SAP has a free trial of their software for 30 days, which is the highest-end pricing at $108/user/month. They offer digital content packages with APIs and pre-packaged integrations that can be viewed via SAP API Business Hub.

5. ADP Workforce Now

ADP Workforce Now is a cloud-based HR suite that helps you manage your workforce and make data-driven decisions for today’s business environment. Built on one database, this all-in-one platform features human resource management, payroll, benefits talent management time & labor Management analytics capabilities to help equip you with the tools needed not just to track general information but also strategize when it comes to managing your employees and company growth as well!

ADP offers an easy solution of managing staff through their flexible ser
vices offered within ADP Workspace which includes Human Resource management Payroll Benefits Talent Management Time & Labor Management Analytics Capabilities.

6. Oracle

Oracle ERP manages a company’s performance in the most efficient way possible, giving employees continuous feedback and coaching with their career development. The tool is scalable enough to fit any size of growth your business experiences as you expand over time.

Oracle is an enterprise software company that integrates with many third-party apps. Some drawbacks are the pricing and payment system, which can be difficult to navigate or understand at a glance. Oracle starts at $1000/month and has a free 30 day trial period for new customers who want to try out their product before committing any money.

7. OrangeHRM

OrangeHRM is the HR performance management software that you need to keep your employees happy and engaged. You can give feedback, reviews, incentives, and more with OrangeHRM’s advanced features like OKRs for tracking employee progress or 360° workflows so everyone gets a say in their goals! With an affordable monthly price plan (plus free trial) business owners have found value in this product– do yourself a favor today by giving it try too.

It is a downside for anyone who wishes to connect with their preexisting workflow software, as there will be no third-party integrations or add-ons available. For those interested in the service though, it starts at $6/user/month and has a free 30 day trial period!

8. ClearCompany

ClearCompany’s Performance Management Solution is a comprehensive system for both managers and employees that provides the tools to increase employee engagement, satisfaction, and performance. With ClearCompany’s solution, you’ll get an accurate understanding of how your team members are doing with their role/task objectives on a daily basis as well as insights into where they may need more coaching or training in order to be successful. The analytical data will not only help them do better at work but it also helps support decisions about promotions through visibility into other opportunities within the organization which leads us back to increased job security!

ClearCompany is a great choice for modern performance management software. Innovative features like mobile-friendly experience and goal tracking make it easy to complete tasks on the go, while reducing HR team’s administrative burden with automated cycle reminders and streamlined reporting tools. Clear Company: Performance Management Simplified!

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