10 Best Employee Evaluation Software For Performance Review Management

Employee evaluation software is a tool used to assess the performance and progress of employees. It typically includes features such as:

1. Performance tracking: Ability to set and track performance goals and objectives.
2. Feedback collection: Collection of feedback from managers, peers, and subordinates.
3. Skill assessment: Ability to assess and track employee skills and knowledge.
4. Reporting: Generation of reports and analytics to measure employee performance and identify areas for improvement.
5. Employee development planning: Ability to create and track employee development plans.
6. 360-degree feedback: Collection of feedback from multiple sources, including managers, peers, subordinates, and customers.

The purpose of employee evaluation software is to provide organizations with a systematic and objective way to assess employee performance and to support employee development and career growth.

Employee Evaluation Software For Performance Review

Primary Purpose of Employee Performance Evaluation Software

The primary purpose of employee evaluation software is to automate and streamline the process of evaluating employee performance, by providing a tool for managers and HR personnel to record and track employee performance, skills, and goals, and to communicate feedback and suggestions for improvement.

Features of Employee Performance Evaluation Software

1. Goal setting and tracking
2. Performance metrics and data tracking
3. Employee self-assessment
4. Manager assessment and feedback
5. Reporting and analytics
6. Communication and collaboration tools
7. Integration with HR systems
8. Customizable evaluation templates
9. Access control and security
10. Mobile accessibility.

Benefits of Employee Performance Evaluation Software

1. Improved efficiency and accuracy
2. Objective and fair evaluations
3. Better communication and feedback
4. Increased transparency and accountability
5. Improved goal alignment and performance tracking
6. Enhanced employee engagement and motivation
7. Better data-driven decision making
8. Increased consistency in evaluations
9. Time and cost savings
10. Improved talent management and retention.

Employee Performace Evaluation

Top 10 Best Employee Evaluation Software for Performance Review Management

• Synergita
• BambooHR
• 15Five
• Perfomyard
• Workday
• ReviewSnap
• Trakstar
• Leapsome
• Reflektive
• CultureAmp

Overview of 10 Best Employee Evaluation Software

1. Synergita

Synergita provides agile employee performance management, employee engagement, and OKR solutions to organizations that thrive to achieve high performance-driven growth.

350,000 users from 100+ companies across the globe including IT/ITES, Manufacturing, Pharma, Financial Services/FinTech, Retail and Non-Profit sectors trust Synergita for their employee performance management, engagement, and OKR.

Features:

• AI-powered sentiment analysis to conserve and nurture a positive feedback culture across the organization.
• A lightweight, result-focused OKR solution enables organizations to launch OKR instantly to specific functional teams or across organizations.
• Deep functionality such as matrix goal management, Continuous check-ins, 360-degree appraisal feedback, 1–1 meetings, Smart promotion management delivers complete automation of digital transformation of performance.
• Culture scores to measure adherence to company culture by employees across the organization.
• Configurable dashboards and reports to help you get insightful people and performance analytics.

Price: Basic: $5/user/month

2. BambooHR

Designing a robust performance review process is just one of the many functions this end-to-end HR management software performs. BambooHR helps businesses get an accurate insight into their workforce. The software facilitates peer reviews, which means all stakeholders get to participate in the review process and give their honest feedback on an employee’s performance.

It presents users with detailed performance reports that help identify high and underperforming employees, compares employee performance, and tracks progress throughout their time in the organization in real-time.

The software also allows managers to set goals and monitor their progress with review notes built into the reports. These visual reports can be employed to find areas of improvement, identify core issues and even prevent mistakes before they occur.

Features:

• Peer reviews
• Timely feedback due to notes and automatic email reminders
• Goal setting and tracking
• Visually arresting performance reports

Verdict: BambooHR delivers an advanced performance review process in combination with all of its other HR management features. It helps companies draw out comprehensive performance reports that give a clear picture of an employee’s performance. It can be used to provide employees with consistent feedback and particularly excels with regards to setting and tracking goals in real-time.

Price: Free trial available, revealed upon contact

3. 15Five

15Five is a performance management software designed to help organizations with employee evaluations, goal setting, and continuous feedback. The following is an overview of its features and costs.

Features:

• Customizable performance review templates
• Continuous feedback and goal tracking
• Reporting and analytics
• Integration with other HR systems
• Mobile app for on-the-go feedback
• 1-on-1 meetings and pulse surveys

Cost: 15Five offers both monthly and annual pricing plans, with costs starting from $6 per user per month.

4. Perfomyard

PerformYard’s performance review software provides flexible features for HR and a simple employee experience. HR and non-HR managers have the freedom with PerformYard to dictate the appropriate review schedule and format to best meet the needs of their organization. An effective review system is not one size fits all.

With PerformYard, both managers and employees receive automated email reminders to facilitate timely completion of a review cycle, which allows HR to focus less time on admin and more time on People.

PerformYard’s system promotes buy-in across the organization by providing employees with a streamlined, intuitive review platform that focuses on timely, actionable feedback while eliminating burdensome steps inherent in manual review processes.

PerformYard also provides dedicated customer success managers for every customer to manage them from onboarding, to employee trainings, to ongoing support regardless of organization size.

Features:

• Fully customizable review forms and check-in cadences.
• Dedicated customer success manager to all customers regardless of size.
• Automated email notifications for upcoming and overdue review steps.
• Integrates with most major HRIS/Payroll systems including ADP, BambooHR, Gusto, Rippling, UKG, Paycom, Workday, and Paylocity.

Price: From $5-$10 per employee per month.

5. Workday

Workday is a human capital management system that helps HR specialists gather data about what’s going on in their organization. The software is customizable and enables you to create dashboards so you can track employee performance at a glance.

I like that Workday enables managers and HR professionals to review and update the skills of their teams. The software helps managers to identify an employee’s strengths, identify skill gaps, and also suggests some similar skills that might the employee perform better.

Thanks to its customizable dashboards and straightforward skills evaluation processes, I chose Workday as an ideal tool for simple employee strengths assessment.

Workday offers customized pricing upon request. You can also request a demo.

6. ReviewSnap

Reviewsnap is a web-based performance management solution for everyone. It has ready-to-use templates and pre-built visual reports. It is a platform for performance reviews and 360-degree feedback.

To evaluate the performance effectively, the tool provides the facility for managers to set smart goals that are specific, attainable, measurable, time-sensitive, and realistic.

Features:

• Reviewsnap has easy to use interface.
• It provides features of employee engagement and 360-degree feedback.
• It has facilities like performance notes and goal setting.
• It has features of reporting.

Verdict: Reviewsnap offers completely automated and flexible tools. It is easy to use solution and can be used by the organization of any type & size.

Price: Reviewsnap’s live demo is available on request. You can get a quote for pricing details.

7. Trakstar

Trakstar is a cloud-based end-to-end performance management solution that delivers a robust employee evaluation experience. Trakstar allows managers to customize performance reviews for teams as well as individual employees.

It aids in putting more emphasis on tasks and responsibilities assigned to employees to perform an efficient evaluation process. The tool can be used to essentially identify goals, key strengths, and development areas relevant to a team member’s specific role.

Trakstar ensures every employee in the organization gets the evaluation they deserve by sending automated email reminders to raters and displaying review action items. It also comes with a 360-degree feedback feature that makes it convenient for employees to receive constructive feedback from anyone in the organization.

Employees can even go a bit further by requesting feedback from an entity outside their team, such as a vendor or partner, with the help of an email address using Trakstar.

The software also excels by offering an impressive Goal Tracking system, which allows managers to track employee progress pertaining to the targets assigned. This can help employees focus on their tasks with well-defined performance goals.

Finally, the software also offers rich data reports that are comprehensive and visually appealing. These reports give a clearer picture of your top performers and acquaint managers with several actionable insights.

Features:

• Customizable templates
• 360-Degree feedback
• Visually appealing and rich data reports and analytics
• Set goals and track their progress
• Seamless integrations with other applications
• KPI monitoring

Verdict: Trakstar is a robust performance evaluation software that arms HR managers with all the tools they need to perform a competent employee evaluation process that benefits the organization and employees. It is very easy to operate and can be used to manage goals, feedback, and monitor key performance indicators.

Its 360-degree feedback feature and rich data reporting alone make it worth every penny spent.

Free Demo Available

Price: Revealed upon contact

8. Leapsome

Leapsome is the all-in-one employee performance evaluation software that closes the loop between performance, engagement, and learning. Chosen by companies like Spotify and Northvolt, Leapsome helps HR teams scale complex people-oriented processes like performance reviews, peer feedback, leadership reviews, and much more.

The seamless interconnectivity of Leapsome’s modules helps managers connect the dots between individual achievement, employee engagement, and personal skills. Leapsome is the perfect tool to skyrocket the performance of teams as much as individuals while fostering a culture of continuous growth.

Features:

• Perform: performance assessments, 360 feedback talks, leadership reviews, cycles and reminders, expert templates.
• Engage: pulse surveys, peer feedback, instant praise, turnover prediction, company culture surveys
• Align: Goal management, OKR management and analytics, superior visuals, on-platform tagging, and discussion of individual goals.
• Learn: learning modules, skill matrix & visualization, onboarding paths.

9. ReviewSnap

Reflektive is a performance management software designed to help organizations with employee evaluations, goal setting, continuous feedback, and development planning. The following is an overview of its features and costs.

Features:

• Customizable performance review templates
• Continuous feedback and goal tracking
• 360-degree feedback
• Personalized development plans
• Reporting and analytics
• Integration with other HR systems
• Mobile app for on-the-go feedback

Cost: Reflektive offers flexible pricing based on the number of users and features required.

10. CultureAmp

CultureAmp is a people and culture platform that provides organizations with employee engagement surveys, performance management, and feedback tools. The following is an overview of its features and costs.

Features:

• Employee engagement surveys
• Performance management
• Continuous feedback
• Goal setting and tracking
• Reporting and analytics
• Integration with other HR systems

Cost: The exact cost of CultureAmp is not publicly available and interested customers are required to contact the company for a quote.

Pros and Cons of Performance Evaluation Software

Pros:

1. Consistent evaluation process: Performance evaluation software standardizes the evaluation process, ensuring all employees are evaluated in a consistent and fair manner.
2. Time-saving: Automated evaluation processes reduce the time and effort required to conduct performance evaluations.
3. Improved feedback: Continuous feedback and goal-setting features can help employees receive regular feedback and grow in their roles.
4. Data-driven decision making: Performance evaluation software provides HR managers and managers with data and analytics to make informed decisions about employee performance.
5. Improved communication: Performance evaluation software can improve communication between employees, managers, and HR managers, making it easier to share feedback and set goals.

Cons:

1. Dependence on technology: The reliance on technology for performance evaluations can cause issues if the software malfunctions or experiences technical difficulties.
2. Resistance to change: Some employees and managers may be resistant to change, and may not embrace performance evaluation software.
3. Bias: Performance evaluation software may perpetuate human biases, such as gender or cultural biases, if the software is not programmed to counteract these biases.
4. Limited personal interaction: Performance evaluations conducted through software can lack the personal interaction and relationship-building that face-to-face evaluations provide.
5. Cost: Performance evaluation software can be expensive, especially for small organizations, and may not provide enough value to justify the cost.

Common Errors in Employee Evaluation Tools & Platforms

1. Lack of customization: A one-size-fits-all approach may not work for all organizations, and a lack of customization options can lead to an evaluation process that does not accurately reflect an organization’s unique needs and culture.
2. Bias in evaluations: Bias in evaluations can occur if the software is not programmed to counteract biases, such as gender or cultural biases, leading to unfair evaluations.
3. Insufficient training: If employees and managers are not trained on how to use the software, they may make errors in the evaluation process, such as not understanding how to provide constructive feedback.
4. Inconsistent data: Inconsistent data can occur if employees and managers do not input data consistently, leading to inaccurate evaluations.
5. Technical difficulties: Technical difficulties, such as software malfunctions or crashes, can cause disruptions in the evaluation process and lead to errors.
6. Lack of employee engagement: If employees do not engage with the software, the evaluation process may not accurately reflect their performance.
7. Inadequate security: If the software does not have adequate security measures in place, sensitive employee information may be at risk of being compromised.
8. Limited reporting and analytics: Limited reporting and analytics capabilities can make it difficult for HR managers and managers to make informed decisions about employee performance.

Comparison Criteria for Employee Evaluation Tools

1. Customization: The ability to customize the evaluation process, including review templates and feedback forms, to meet an organization’s unique needs and culture.
2. Ease of use: The software should be user-friendly and easy for employees, managers, and HR managers to use.
3. Continuous feedback: The ability to provide continuous feedback and goal-setting throughout the year, not just during annual performance evaluations.
4. Reporting and analytics: The ability to generate reports and analytics to help HR managers and managers make informed decisions about employee performance.
5. Integration with other HR systems: The ability to integrate with other HR systems, such as payroll and benefits systems, to streamline the evaluation process.
6. Mobile accessibility: The availability of a mobile app to allow employees, managers, and HR managers to access the evaluation platform on-the-go.
7. Security: The software should have robust security measures in place to protect sensitive employee information.
8. Cost: The cost of the software should be reasonable and provide value to the organization.
9. Customer support: The availability of customer support to help with any questions or issues that arise during the evaluation process.
10. User-adoption: The software should be designed to encourage user-adoption among employees, managers, and HR managers.

Recommendation for the best software for different needs

1. Best for small businesses: Synergita is a great option for small businesses, as it is affordable, easy to use, and offers a range of features to help manage HR tasks.
2. Best for continuous feedback: 15Five is a great option for organizations looking to provide continuous feedback and goal-setting to employees.
3. Best for large enterprises: CultureAmp is a great option for large enterprises, as it offers robust features and customization options to meet the needs of complex organizations.
4. Best for ease of use: Reflektive is a great option for organizations looking for an easy-to-use platform, as it has a user-friendly interface and provides helpful guidance during the evaluation process.
5. Best for mobile accessibility: Workday Performance is a great option for organizations that need to be able to access performance evaluations on-the-go, as it offers a mobile app for employees, managers, and HR managers.

Note: The best software for your organization will depend on your specific needs and requirements, so it’s important to carefully evaluate your options and choose the software that meets your needs.

Final Words:

Employee evaluation software can be a valuable tool for organizations looking to streamline the performance evaluation process and make informed decisions about employee performance. It is important to carefully evaluate your options and choose the software that meets your specific needs and requirements, taking into account factors such as customization, ease of use, security, and cost. By investing in the right software, organizations can improve employee engagement, drive performance, and achieve their goals.