The Best Performance Management Software 2024

When it comes to employee evaluation and management, you’ll have a one-on-one tool at your disposal with Deel’s Slack integration to schedule and conduct reviews. HR leaders, managers, and employees will be able to access all the meeting notes from past evaluations and review goals ahead of time.

Additionally, you’ll be able to create and distribute Pulse Surveys to gather anonymous feedback from your team to gauge job satisfaction, overall alignment with company values, and the quality of communication and collaboration within your team.

The platform also acts as a central data repository, giving you quick and easy access to all the information on each employee. You’ll have a holistic view of employer costs and will be able to see your churn and retention rates at a glance.

That said, Deel doesn’t have a dedicated dashboard where you can monitor the performance of individual team members, and it doesn’t have a module to allow you to create and distribute learning materials. If you’re focused on learning and development, Trakstar may be a better choice.

Trakstar’s strongest suit is its Learning Management module. This allows you to create custom training systems and materials and develop effective learning paths. It also allows you to streamline your onboarding process and create engaging content that will help both new hires and existing employees sharpen their skills. This is why Trakstar is one of our highest-rated recruiting software solutions.

The software lets you create fully-fledged courses, including quizzes, assessments, presentations, and audio and video content alongside other learning materials. You can also use auto-enrolment to invite whole teams and departments or specific individuals.

To monitor this, you can create custom reports covering course completion rates, test scores, and time spent on programs to assess the progress of individuals and the success rates of courses.

With Trakstar, you’ll also be able to monitor the performance of each individual team member across over 100 competencies. The platform lets you provide 360-degree reviews, set measurable goals, outline improvement plans, and provide actionable coaching advice.

The platform also provides comprehensive workforce analytics, with insights into your team’s overall performance to help you make strategic, data-driven decisions. The tools may take some time to learn, but they’re an impressive feature set that covers the full employee lifecycle.

Employees are encouraged to complete a self-review before one-on-one performance reviews with their superiors. This gives them the opportunity to share the accomplishments they’re most proud of, acknowledge their shortcomings, talk about areas of improvement, and discuss their career development path.

In addition to regular reviews, Workleap encourages continuous performance improvement via performance checkpoints. These allow you to discuss performance and expectations, define goals, review key responsibilities, and discuss behavioral expectations and alignment with company values.

Workleap also includes automated Pulse Surveys, which provide HR leaders and managers with insights regarding team morale and job satisfaction. The surveys can be completely anonymous, which promotes honest feedback from your team.

Good Vibes is another key Workleap feature. It encourages positive feedback and public recognition for good work, ensuring no good deed goes unnoticed. This will help foster a culture of positivity and peer-to-peer recognition, boost employee engagement, and significantly improve talent retention.

To prepare your team for success and boost employee engagement, ClearCompany offers a variety of tools to help with goal setting, define key priorities, and set success metrics. These tools enable employees to track their progress day-to-day and give them clear goals to work towards.

It also helps improve collaboration between employees and their direct superiors, facilitates feedback, and eliminates personal development roadblocks.

Performance analytics is another key ClearCompany feature. On the dashboard, you can access performance data from review cycles across the company or for departments, roles, or individual employees. This helps identify top performers, adjust expectations, ensure goal alignment, and map performance trends.

What ClearCompany lacks are tools for handling learning resources. It’s focused on monitoring performance, but unlike Trakstar, it doesn’t help with creating or distributing learning materials, courses, or assessments.

Primalogik allows you to build custom reviews with both self and manager assessments so you can easily record everyone’s strengths and weaknesses and chart a clear course for personal development.

You’ll also be able to create and set clear, measurable goals and OKRs to boost task engagement, monitor progress in real-time, and reward your top-performing employees for hitting milestones.

With Primalogik, you’ll also know exactly how your team feels about the work environment and their day-to-day jobs, thanks to Engagement Surveys.

These are similar to the Pulse Surveys Deel and Officevibe offer but go a step further by prompting you to take concrete steps to improve employee satisfaction and show you how new initiatives and policies impact job satisfaction.

Primalogik’s analytics and reporting functionality, meanwhile, enables you to monitor the state of surveys, track goals, compare historical performance data with the current performance cycle, and identify patterns and trends to boost employee engagement.

You’ll also be able to develop advanced reports and measure the ROI of performance management programs and initiatives, so you’ll know what works and which approaches to repeat and expand upon.

That said, like ClearCompany, Primalogik doesn’t provide resources or templates for creating learning materials, so if you want to design courses to improve your team’s skills, Trakstar is a better option.

Motivated Employees and Individualized Insights – Knowing where your employees excel and where they need improvement can be a big motivator for employees. Real-time feedback through performance software ensures they receive consistent and granular feedback, boosting their performance.

Every employee has unique strengths and weaknesses. Another benefit here is that managers can use performance data to identify these strengths and place employees in roles that allow them to shine, leading to better outcomes.

Real-Time Feedback – Millennials thrive on immediate feedback. Performance management software facilitates instant communication, motivating employees, whether they work for established organizations or startups.

These solutions are also among the best online collaboration tools as they often borrow from social media interfaces, offering real-time feedback options that are mobile-friendly and user-centric, ultimately improving collaboration and interaction.

Streamlined Goal Setting – To boost productivity and performance, employees require a clear vision of their objectives and how they contribute to the company’s success.

Performance appraisal software facilitates collaborative goal setting, allowing employees and managers to align themselves with company objectives. Employees can track their progress and accomplishments, further enhancing clarity and accountability.

Insights Into Employee Performance – Employee evaluation software offer valuable insights by collecting real-time data on employee performance. This data helps identify top-performing employees, recognize achievements, and pinpoint areas for additional training or support. Recognizing and rewarding employees goes a long way in motivation and retention.

Efficiency and Time Savings – As organizations grow, manually managing and collating performance data for an expanding workforce becomes cumbersome, particularly when paper-based systems are involved.

Performance management software automates the review process, eliminates the need for form-filling, and reduces the risk of human error. Moreover, all relevant information is readily accessible at any time.