Best Performance Appraisal software
Finding the best Performance Appraisal Software for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.
Performance appraisals include comparisons of the employee’s performance and work behaviour with preset standards, the results of which are provided as feedback for the employee. According to Clutch HR Employee Feedback Survey 2016, 68% of employees who receive accurate & consistent feedback feel fulfilled in their jobs.
Performance appraisal systems fall under the category of performance management software and these platforms are usually used in conjunction with each other.
The following are the top 5 features that every employee evaluation software worth its salt must have:
Customizable Performance Review Forms:
The perfect performance appraisal software offers bespoke & customizable performance review forms instead of following a cookie-cutter approach.
Goal Management Tool:
A well-planned goal management tool runs throughout the performance cycle which helps to maintain strong alignment between employee performance and the company’s goals and targets.
Journal Entry/Notes Tool:
It is an especially useful feature not just for managers but also for their direct reportees as it helps to keep both parties informed and engaged in ongoing communication about goals, action items, areas for improvement, training and developmental matters, etc.
eSignatures and Automated Notifications:
These features enhance compliance, facilitate administrative actions and maximize convenience all of which translate into greater software efficiency and usability.
An ideal performance management tool needs to offer an accurate, real-time insight into the performance, skills, and development needs of the workforce.
Performance review software can help to improve the efficiency and accuracy of employee performance reviews within an organization, so this software may be a valuable addition to an existing HRIS (Human Resource Management System) or be of critical consideration while selecting a new HRIS.
Increased motivation & satisfaction levels:
It can have a profound effect on the levels of employee motivation and satisfaction. Since both managers and employees can use the tool, it is easier to keep track of overall productivity required for gaining an appraisal. This provides employees willing to go the extra mile with recognition for their hard work and efforts.
Training & Development:
The managers can easily access detailed employee information like job history, projects worked, benefits, and salary. By looking at more specific data, like the number of hours spent, the number of projects completed, and types of projects finished, managers and HR personnel can help nurture employees in fields they might be good at. This ensures that your firm recognizes and agrees upon individual training and development needs, which is a key factor for any good employee wanting to make a career in your firm.
Recruitment & Induction:
Appraisal data obtained from these performance software applications can be used for monitoring the success of an organization’s induction and recruitment practices. For example, how well are the employees performing who were hired in the past year? This data can also be used for monitoring the effectiveness of different recruitment strategies.
If you are looking for a ballpark figure of the various performance appraisal software, we can help you out by sharing price models according to software types.
With this model, you’ll be paying a monthly fee for each “user” on the system. Typically performance appraisal vendors define a user as an employee that is registered on the software, though inactive employees are often not counted. Many times this model will also include a setup or implementation fee, and training or support can be extra.
Price range: $3-$10/user/month, with setup fees in the $800-$1,500 range.
The major difference between this model and the pay-per-user model is that here you will pay for an employee whether they are registered in the system or not. This is usually compensated for by lowered per-unit pricing but these solutions may still have one-time setup fees or extra costs for support and training.
Price range: $1.50-$5/employee/month, implementation fees can range from $800-$2,000 one time.
This typically involves paying a one-time for individuals or packs of employee evaluations. There are rarely any setup fees with this model and, as the number of appraisals purchased increases, the per-unit cost goes down.
Price range: $15-$40/appraisal.
The following industries make use of employee appraisals software:
Companies such as Deloitte UK, Accenture are focussed on fuelling future performance for which they have incorporated the use of 360-degree feedback software. This offers the staff real-time performance feedback from the team leader and is characterized by speed, agility while following the one size fits one approach.
Axis Bank, for instance, is focussed on creating a more inclusive performance culture. Axis has introduced the enhancement program to encourage employees to take on stretch targets to get an upgrade in their rating.
Pharmaceutical companies such as Sun Pharma believe in achieving long-term professional growth & development. They adopted PRIDE as the new global performance management process, thereby enabling employees to perform, reflect, invest, develop and excel.
Here are some of the reasons that can cause managers to face problems during performance appraisals:
Not investing enough time to set deliverables:
One of the most important things to do is laying down deliverables right at the beginning of the review period. Sit down with your team members individually and assign them their key result areas (KRAs) in separate meetings. Pay attention to their strengths and weaknesses and push them to do their best.
Your words of motivation go a long way in determining employee’s performance. However, if you are unapproachable, either because you're always in and out of meetings or traveling a lot, they naturally fear performance appraisals because of the absolute lack of interaction. Since there's no professional rapport, it is but natural for them as well as you to be a little worked up.
Being afraid of giving negative feedback:
If you are one of those managers who have trouble giving negative feedback, try focussing on employee’s achievement and then dish out negative feedback.
Inadequate preparation to review:
Try to remain abreast of every team member’s performance, their highs, and their lows. Subsequently, the prospect of reviewing 20 people (more or less) won’t worry you.
CRG emPerform provides easy-to-use, affordable, and effective employee performance management software to help organizations eliminate manual processes and grow a long-term, ongoing performance management process to align, develop, reward, and retail top talent. View Profile
Synergita is a cloud-based, continuous employee performance management software. It automates employee talent data, employee goals alignment, continuous employee performance reviews & feedback, employee engagement, employee development & retention. It is extremely simple and easy to use. View Profile
CakeHR is fast-becoming 1 software in staff leave and employee database management. By reducing the overhead time and money spent on paper chasing employees' leave requests, CakeHR helps you to solve your HR challenges and let’s you to focus on building your business! View Profile
HRMantra is the World's most feature rich HR and Payroll software helping automate the most complicated of hire to retire HR processes easily using its CRORES of ready to use features. It saves 30 min per emp per day giving over 10 times ROI. 100% project success assured.
Keka is an employee experience platform. The only HR & Payroll software that is employee centric. Unlike traditional HR systems, they are a modern new generation platform focused on user experience and simplifying complex workflows. For any employee-centric company, managing the HR, Payroll, and Talent Management is the key activities.
The most flexible & powerful Performance Mgmt Software, period. Continuous Feedback, Scheduled Appraisals, 360 Degree Reviews, anonymous Upward Feedback, Goals, Competencies, OKRs & so much more. Too good to be true? See for yourself but get ready to be blown away.
HR-One complete HRMS is available on cloud & premises. Easy to deploy & scale, it is trusted by 2,00,000 customers across 18+ industries. Packed with 12+ modules, you can select any module specific to your needs. Available on Android & iOS it enables better workplaces.
Zoho People is a cloud-based HR software that's crafted to automate your HR processes while also focusing on your most important assets - your people. Designed for small, medium and enterprise businesses, Zoho People caters to all industry needs and can be customized to work your way. With a user-friendly interface and streamlined processes, Zoho People simplifies HR management.
We are a focussed HR solution provider for corporate. We offer end to end HR solution from recruitment to retirement covering entire employee life cycle in an organisation. Our solution can be delivered as a product that can be used by the customer at his location or the software can be accessed from our cloud platform or we can offer outsourced services for attendance and payroll.
Impraise makes easy-to-use Performance Management software for people to accelerate their performance and professional growth. Through real-time feedback, reviews, goals, check-ins, and insightful analytics, Impraise unleashes the potential of your people.
Namely is cloud base HR software. That helpful includes payroll, benefits administration, performance reviews, time off tracking, goals, team planning, reporting, and more. Manage all of your HR data in one place, with personalized service to help your company get better, faster your work.
Online Human Resources Information System (HRIS) and the best employee onboarding software that makes time for the work you were meant to do. But change can be hard. BambooHR guarantees your success when changing from spreadsheets to our intuitive online HR software.
GroSum delivers employee performance monitoring, instant feedback & rewards’ recommendations in a simple, transparent, cost-effective way that leads to improved employee engagement & retention.
EM-HRMS is flagship product of Eastern Infotech. Which manages a life cycle of an employee, Also Automate all the HR Process in the company. EM-HRMS can reduce the day to day work effort by 40%. We have added module in EM-HRMS is work force management.
Let's gain a 100% result and even more. Feedback system provides you with feedback from a manager on goals progress. High and low performers board is automatically forme weekly according to the results, and is available to all team.
With 11,000+ businesses using enableHR, it provides the most dynamic HR solutions for your business. EnableHR meets all your HR and WHS bases. This online onboarding software is designed to ease the burden of compliance on your HR team.
The software has been designed to lubricate the HR processes. It keeps a tab of entire information of an employee from the date of joining to his/her full and final disbursal at the time of leaving.
Greetings from SmartOffice, one of the most well know Attendance software with 200,000+ clients (employees ranging between 10 and 80000) and the fastest growing Payroll software with 100+ clients. (employees ranging between 10 and 3000)
Trakstar is a web-based Human Resources software. Very helpful to build a productive organizational culture. Includes powerful functionality like Appraisal management, Reporting, Performance Ranking, Goal management etc.
BizMerlinHR is an AI-enabled and cloud-based comprehensive HR software for global organizations. With a footprint in more than 160+ countries, it offers end to end workforce management solutions including centralized employee records, Employee onboarding and offboarding, Time and Attendance management, and Asset Management. BizMerlinHR also offers a complete suite of Performance Management and Talent Management.
Happierco is a cloud-based solution that helps departments and teams grow fast by improving the engagement and performance of their workforce. We help teams to grow fast with effective 1-on-1s, OKRs, 360 Reviews, Pulse surveys, etc.
Skills2Talent™ is the service provider of Employee Performance Management Services which includes, PMS Workshops, coaching, corporate training, consulting, audits, webinars and PMS Software & Talent Management under one roof (one stop shop) from Bengaluru.
Gtmhub is one of the best OKR software, which has fully exposed API, customizable as per the requirement, real-time conversation, performance, and objective tracking; Real-time overview reports and lots more. Make team collaboration with transparency.
PerformanceHub is a fully featured Performance Management Software designed to serve Agencies, Enterprises. PerformanceHub provides end-to-end solutions designed for Windows. This online Performance Management system offers Skills Assessments, Customizable Templates, Individual Development Plans, On-going Performance Tracking, Custom Rating Scales at one place.
Carbon360 is a fully featured Performance Management Software designed to serve Agencies, Enterprises. Carbon360 provides end-to-end solutions designed for Web App. This online Performance Management system offers 360 Degree Feedback, Aggregate Reports, Supports External Reviewers, Group Summary Report, Rater Selection at one place.
Frequently Asked Questions (FAQs)
The four elements are Purpose, Outcomes, Accountability, and Teamwork. It forms the foundation of a performance culture.
Here are the 6 things that you must look out for while buying a performance management software,
- an automated streamlined performance review process
- a comprehensive 360 degree feedback program
- goal setting & goal management capabilities
- easy anytime journaling capabilities
- a compensation translator
- a portal to online learning content
According to Andy Neely, author of the book “Business Performance Measurement: Unifying Theory and Integrating Practice,” there are five main operational performance objectives: speed, quality, costs, flexibility, and dependability.