10 Performance Management Tools Every HR Pro Should Know
HR and non-HR professionals are in the profession because we love working with people, and performance management tools can help us do one of the most important and rewarding parts of our job: help people do their work better.
Employee performance evaluations are a crucial way to ensure effectiveness and productivity within the workplace. This is a form of performance management tool that assists in identifying areas of improvement to help streamline and target organizational goals.
Employment performance appraisals are just as helpful for employees themselves as they are for management. After all, how else would employees know where they can best address efforts for improvement? Plus, any employee review should spend some time praising the employee in areas where they have excelled, which is an important way to keep morale up.
This article will help you quickly evaluate the best performance management tools and other talent and development software applications.
Quickly Compare & Evaluate The 10 Best Performance Management Systems
What is the best type of performance management system? Is it one with a robust onboarding solution or something with engaging, interactive employee reviews? What exactly you need will be up to you. This list of performance measurement tools can help in your decision-making.
Best Performance Management Tool List
These are the top performance management solutions on my list.
Performance Management FAQ
Here are answers to some general questions before diving into the best performance management software.
What is performance appraisal?
Employee performance appraisal is a type of performance management process that assesses the productivity and effectiveness of an employee that serves both administration and development purposes. This type of performance appraisal process allows you to provide feedback and identify areas for improvement.
How much does a performance management system cost?
Pricing depends on the tool itself, although tools typically follow a pricing model of pay-per-user, pay-per-employee, or pay-per-appraisal. The cost per employee or user can range anywhere from $3 to $10 with implementation fees ranging from $800 to $2000.
How do performance management tools work?
Performance Management tools are a type of HR software that help organizations track employee performance in a consistent and measurable way. It ensures that cross-functional departments are working effectively and collectively towards achieving the same goal. Having a performance management tool in place speeds up the performance process to deliver reports faster.
What are performance management techniques?
There are many performance management tools and techniques to ensure steady success within your organization. Such techniques include: setting SMART objectives, Performance Appraisals, Providing Coaching, Objective Management, Personal Development Plans, and Reward and Recognition.
Want more insights into the staffing and recruiting industry? Check out our other lists of staffing tools and info:
- Performance software is often accentuated by OKR software (Objectives and Key Results), so you know what to align goals around. Try Top 10 OKR Software To Jumpstart Your Business.
- You can also find performance management modules in a lot of larger software suites designed for larger HR departments — check out the 10 Best Talent Management Systems.
Performance Management Tools Comparison Criteria
What are we looking for when we select performance management tools for review? Here’s a summary of my evaluation criteria:
- User Interface (UI): Is it clean and attractive?
2. Usability: Is it easy to learn and master? Does the company offer good tech support, user support, tutorials, and training?
3. Features & Functionality:
- Review and Feedback — Are there pre-built evaluation templates to help with the review process? Is the employee performance review engaging and flexible? Do is there a way to positively call attention to top performance?
- Training & eLearning- Does the software have the means to create and implement training/eLearning courses for employees? Is content creation easy? Do any courses come with the software?
- Improvement Plans- Does the software have the capability to design and execute performance plans? Does it offer templates with which to do so?
- Reporting and analytics — Are the reporting tools robust, customizable, flexible, and visually appealing? Can they be used to provide employees with relevant performance metrics?
4. Integrations: Is it easy to connect with other tools? Any pre-built integrations?
5. Value for $: How appropriate is the price for the features, capabilities, and use case? Is pricing clear, transparent, and flexible?
Learn more about The Best Performance Management Tools Every HR Pro Should Know. Read the full article here.
Originally published at https://peoplemanagingpeople.com on June 20, 2020.
