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Brilliant Assessments

Brilliant Assessments is a cloud-based assessment platform designed to help small to large businesses create and deploy their own brilliant assessments. The centralized platform lets organizations provide engaging assessments with...Read more about Brilliant Assessments

Ascentis

Ascentis offers a cloud-based human capital management (HCM) suite designed for midsize companies of all industries. It includes HR and benefits, recruiting and onboarding, talent management, time and attendance and payroll. ...Read more about Ascentis

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Small Improvements

Small Improvements is a cloud-based platform that enables users to administer and manage performance reviews and feedback as well as utilize 360-degree, continuous feedback. It can be used by small to midsize businesses in a numbe...Read more about Small Improvements

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BambooHR

FrontRunners 2024

Instead of using fragmented spreadsheets, limited or clunky software, and physical paper, BambooHR helps you centralize your data and automate the way you complete key HR tasks. As you hire, onboard, and pay your employees, every ...Read more about BambooHR

4.6 (2747 reviews)

69 recommendations

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Oracle Taleo Cloud

Oracle Taleo Cloud is a cloud-based human resource (HR) management suite suitable for large and midsize businesses in all industries. Key features include candidate management and employee onboarding, especially for high volumes o...Read more about Oracle Taleo Cloud

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HRweb

hrweb.com, the maker of HRweb, offers employee information tracking, attendance, performance reviews or employee appraisals, self or 360 reviews, recruiting with applicant interface, training and more. HRweb helps organizations ef...Read more about HRweb

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Pilat HR

Pilat is a cloud-based human resource management (HRM) solution that assists HR managers to evaluate employee performance. The solution caters to businesses across industries such as real-estate, manufacturing, energy, logistics a...Read more about Pilat HR

5.0 (1 reviews)

OrangeHRM

Revolutionize Your HR Processes with OrangeHRM! Say goodbye to the hassle of managing your workforce manually. OrangeHRM provides a scalable HRM solution for small and midsize businesses, ensuring the entire employment lifecycle ...Read more about OrangeHRM

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emPerform

emPerform is a hybrid employee performance management solution that helps organizations to automate performance reviews and align, develop and retain talent. It can be deployed either on-premise or in the cloud. emPerform helps ...Read more about emPerform

4.4 (53 reviews)

3 recommendations

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BullseyeEngagement Employee Development Solutions

Bullseye’s Employee Development Solutions enable organizations to align individual and organizational development needs. The interface mirrors a social media platform, making it easy for employees, managers, and HR professionals t...Read more about BullseyeEngagement Employee Development Solutions

4.6 (43 reviews)

2 recommendations

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ClearCompany

FrontRunners 2024

Since 2004, ClearCompany’s end-to-end Talent Management platform has enabled thousands of companies to maximize talent by empowering people at every stage of the employee journey. ClearCompany integrates data-driven best practices...Read more about ClearCompany

4.4 (316 reviews)

42 recommendations

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isolved

isolved is the most-trusted HCM technology leader, providing the best combination of software and services to meet the needs of today’s People Heroes – HR, payroll, and benefits professionals. From talent acquisition to workforce ...Read more about isolved

3.9 (503 reviews)

92 recommendations

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Threads Culture

Threads Culture is an HR solution that enables users to measure employees against the business’ core values as well as goals unique to each employee’s position to identify who is adding to and who is detracting from company cultur...Read more about Threads Culture

4.8 (66 reviews)

3 recommendations

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BiznusSoft HR

BiznusSoft HR (formerly HRMSSoft) is a cloud-based human capital management system suitable for companies of all sizes. It includes a suite of integrated human resource modules offering benefits management, recruiting, performance...Read more about BiznusSoft HR

4.4 (10 reviews)

7 recommendations

Workzoom

Workzoom is the all-in-one HR, Workforce, Payroll, and Talent solution that consolidates and automates your people management. Bring your whole team together with a centralized hub for accessing personal information, company updat...Read more about Workzoom

4.6 (15 reviews)

11 recommendations

Trakstar Perform

Learn how leading mid size companies use Trakstar to quantify the soft side of HR. Uncover better prospects, train top performers, reduce employee turnover. Connect hiring, performance and learning to develop an engaged and produc...Read more about Trakstar Perform

4.4 (285 reviews)

9 recommendations

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Agile HR

Agile Product Solutions is a cloud-based employee management platform which offers applicant tracking, employee onboarding and performance management modules on an integrated or a standalone basis. Agile’s applicant tracking ...Read more about Agile HR

TriNet Zenefits

Zenefits is an all-encompassing HR SaaS platform designed specifically for small to midsize businesses. The Zenefits People Platform includes a robust offering spanning HR, Benefits, Payroll, Well-being and Performance apps that c...Read more about TriNet Zenefits

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PeopleGoal

Attention HR ! 🚀 Elevate your company's performance management with PeopleGoal—a cloud-based solution designed for small and midsize businesses across diverse industries. Our configurable platform adapts to your unique needs, off...Read more about PeopleGoal

Namely

Namely provides modern, intuitive HCM solutions including scalable technology, expert-managed payroll and benefits services, and fully comprehensive professional employer services. Backed by a 24-7 customer success team, Namely em...Read more about Namely

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Buyers Guide

Last Updated: March 16, 2023

Employee reviews are arguably the best opportunity an organization has to energize and motivate its employees. Managers get a chance to sit down and have a one-on-one conversation with employees, as well as give and receive 360-degree feedback. For many organizations, though, the process of scheduling, executing and documenting reviews can be incredibly arduous. Relying on traditional methods, managers and human resources (HR) professionals are left with countless paper forms and records to review and file, which takes away from time and energy spent on the review itself. 

There are more than 100 different employee performance management software solutions available for modernizing and automating the evaluation processes in an organization. With so many options to review, it’s no small task to find the best fit for your organization. That’s why we have written this buyer’s guide to help you identify the right solution.

Here’s what we’ll cover:

What Is Performance Management Software?

What Type of Buyer Are You?

Benefits and Potential Issues

Market Trends to Understand

The Vendor Landscape

What Is Performance Management Software?

Performance management software automates the cumbersome—and often time consuming—task of regularly evaluating employees. With the right performance management software in place, the challenge of strategically developing your organization's workforce becomes a collaborative effort with tangible results. These systems enable employers to focus on identifying top talent and developing employees to better fit the needs of an organization.

Performance management software also makes it easier for managers to track employees’ goals and performance throughout the year, and then share this information with authorized users across the organization.

The HR software market is growing, and the emergence of new strategic companies has pushed all vendors to increase the pace of innovation. One major change in HR and talent management software has been the move toward cloud computing. Cloud computing, also known as Software as a Service (SaaS), is a model in which the software vendor hosts the application on the web, making it easy for you to securely access the application through any Web browser.

Ultipro-employee-performance-management-system-dashboard-screenshot

Ultipro employee performance management system dashboard screenshot

One key benefit of Web-based software is that users can access the system from anywhere. With this model, employees can log in and perform self reviews, view past reviews, view recent achievements against goals set and schedule reviews without bothering the busy folks in HR. Managers can set reminders, run performance reports, flag top talent for advancement and then easily share this information among departments. Traditionally, these activities were more limited to the HR department, where a much smaller set of employees had access to older client/server systems.

Employee review software functionality includes:

  • Performance notes

  • Goal tracking

  • Information sharing

  • Stack ranking

  • Electronic record-keeping

  • Interdepartmental communication

  • Real-time reporting

  • Performance rating

What Type of Buyer Are You?

Before reviewing employee performance evaluation software, it's important to assess what type of buyer you are. We believe that 90 percent of buyers fit into one of these categories:

Best-of-breed buyers. These buyers work for organizations looking for ways to specifically enhance their review processes. The organization may already have an HR system in place, but needs a better solution with measurable results to monitor, track and review employees. These buyers want straightforward, simple-to-use tools that can be implemented into their complex HR operation with minimal interruption. High functionality is key, and best-of-breed performance appraisals systems are the best place to start.

Integrated suite buyers. These buyers work for organizations where some of the HR processes have become disjointed and inconsistent. Their current processes for performance reviews may be outdated, and they struggle to easily identify and cultivate key performers. These buyers are interested in improving existing human resources systems across the board to create a more efficient, effective process for both managers and employees. Integrated HR suites with a robust portfolio of applications, including well-developed employee evaluation systems, offer the best solution for these buyers.

Cost-conscious buyers. These buyers work for organizations looking to roll out a modernized performance appraisal process that improves employee engagement and motivates their talent to its fullest potential while keeping costs low. Although there are inexpensive on-premise options available, the SaaS model—which runs on a monthly service fee is changing the industry. That means organizations with more limited resources can now take advantage of feature-rich performance appraisal solutions for less.

Benefits and Potential Issues

Thanks to recent developments in the employee evaluation software market, updating processes to engage, energize and retain talent is less daunting. It’s just a matter of performing thorough performance management software comparisons and finding the right system that can handle your unique needs today and in the years to come. By implementing a new system and modernizing your approach to reviews and workforce development, your organization has a great opportunity to build culture, while attracting and retaining top talent.

Many managers lack the time required to effectively execute annual reviews. Reviewing paper records, submitting forms and manually tracking performance throughout the year can be a hassle. Consequently, organizations often miss out on the full value of the information generated in the review process. Not to mention, development and retention strategies are difficult to enforce, and top talent can slip through the cracks. By failing to take advantage of the performance appraisal software available to them, organizations run the risk of hurting their bottom line.

Market Trends to Understand

When researching employee performance review software, there are a number of market trends you should understand:

Software-as-a-Service. Cloud computing has changed the way we do HR. SaaS provides a user-friendly, Internet-based option for adding new functionality and accessibility for your employees. By giving them access to employee evaluation solutions anywhere they have Internet access, SaaS connects all parties involved, making the review process much more collaborative. With SaaS, HR solutions are also easier to implement than ever, which means faster adoption and improved user accessibility. Although the best-of-breed SaaS options offer best practices and allow for configuration to meet your needs, it's important to note that specific customization options can be limited.

Consolidation. Larger software companies have aggressively acquired many best-of-breed solutions to strengthen the arsenal of their integrated suites. For buyers, this means increased functionality and integration with the rest of your HR system. This is especially important in the employee review process, as it broadens the scope of reviews to encompass an employee’s entire lifecycle within an organization. Employee information that previously existed in silos is now centralized and highly visible for managers, enabling organizations to identify top performers and focus their retention efforts strategically. Be sure to lock in rates and service terms, though, as disruption in service can occur when vendors are acquired.

Strategic HR. Basic HR such as payroll, benefits management and human resource management systems (HRMS) now serve as the backbone for a much larger, more complex organism. This complex organism, or “strategic HR,” encompasses the functions and processes associated with talent management and workforce management. HR software developers have turned out a number of products aimed at making concepts like talent pooling, proactive management and strategic development more tangible and attainable for organizations. The emergence of SaaS has had a strong impact on the emerging relevance of strategic HR, and organizations would be wise to tap into performance appraisal systems that put the right tools in their hands.

The Vendor Landscape

These types of buyers...

Should evaluate these systems...

Best-of-breed buyer

iCIMS Talent Platform, ReviewSNAP, Plateau

Integrated suite buyer

Ascentis, Sage Abra, SAP ERP Human Capital Management

Cost-conscious buyers

TrakStar, SuccessFactors, Sonar6