An essential part of workforce management is keeping tabs on whether your employees are rendering expected results or if they are underperforming or overperforming. Provide proper feedback and discover possible issues by keeping tabs on the performance of your employees. Simplify the steps involved in this activity by taking advantage of robust employee performance evaluation software.
12+ Employee Performance Evaluation Software
1. Hrcloud
2. Lattice
3. Engagedly
4. Questionpro
5. Hrpep
6. Trakstar
7. SHRM
8. BambooHR
9. 15five
10. SAP Successfactors
11. Namely
12. Betterworks
13. OrangeHRM
What Is Employee Performance Evaluation Software?
Employee performance evaluation software is a digital solution that helps various sizes of businesses by streamlining the processes of employee performance evaluation. It provides tools that help in measuring and tracking essential data analytics and performance metrics. Also, it functions to transform the results collected into visual and digestible reports. This software also integrates crucial information into a single platform. You can easily edit and customize available templates in this program.
In addition, it has functionalities that automate attendance tracking and multi rater feedback properties. Another capability of this performance evaluation system is it allows its users to integrate it with staff management platforms and other helpful applications.
Benefits
With the utilization of this technology, you no longer need to scan and check employee records and documents for your evaluation manually. Instead, you can access the necessary data in just a few clicks. That said, with these digital means, you can employ more efficient methods and acquire more accurate information.
Features
In choosing your software, you should not only aim to pick an operative software. It should be your goal to opt for the best one out of all the options available in the software market. There is a long list of varying software packages and attractive offers of various subscription plans. That said, your decision-making process in this situation may be overwhelming. Filter your choices discerningly and end up with the most suitable employee performance evaluation software for you by going for the software that can satisfy your needs. Consider the following essential features during your deliberation:
- Employee tracking tools
- Integrated database
- Custome timesheets, forms, and other templates
- Analytics platform and dashboard
- Calendar management functionalities
- Employee performance management capabilities
- Goal-setting tools
- Third-party applications integration
Top 10 Employee Performance Evaluation Software
1. ADP Workforce Now
This software helps HR managers in their applicant tracking and candidate tracking tools. They have 14.6 billion dollars in annual revenue and have 58,000 employees in their team.
2. Wrike
Wrike offers asset management and activity tracking functionalities to its users. They have 142.4 million dollars in annual revenue and have 982 people working for them.
3. BambooHR
This digital solution is a cloud-based system that has payroll management and calendar management. It has 870 employees and has 82.5 million dollars of generated annual revenue.
4. Namely
Namely provides its users with document management and employee benefits administration properties. They have 548 employees in their team and have 71.2 million dollars in annual revenue.
5. Lattice
This software is an employee engagement platform that provides benchmarking and employee recognition controls. They have 255 employees and have 37 million dollars in generated annual revenue.
6. 15Five
This software has accessible tools for 360 degree feedback and KPI monitoring. They have 213 people working for them and have 30.9 million dollars in annual revenue.
7. Trakstar
When you utilize this software, you can take advantage of employee management and individual development planning capabilities. They employed 85 people and have 12 million dollars in revenue.
8. Engagedly
Engagedly allows its users to utilize competency management and compensation management functionalities. They have generated annual revenue of 8.8 million dollars and employed 97 people.
9. Profit.co
Negative feedback management and gamification software controls are accessible in this software. They have generated revenue of 8.8 million dollars and have 61 employees.
10. Performly Talent
Progress tracking and peer appraisal system functionalities are examples of features you can access in Performly talent. They have more than 5 million dollars in revenue and over 25 employees.
FAQs
What are the essential elements of effectual employee performance evaluation?
The results of your goal setting are an essential element for a successful evaluation of your workforce. Also, another vital factor is the practice of self assessment. This activity is where you allow the employees themselves to highlight their achievements and rate their performance. Offering appropriate rewards and compensation as well as preparing a PIP plan is also crucial.
How do you evaluate employee performance?
The first step in evaluating the performance of your employees is to set specific criteria on how you should judge it. Also, you should keep and secure employee records and utilize them as a reference for your performance review. You can reduce the necessary workload of this activity by using appropriate digital solutions. In addition, you should study the individual evaluation of employees and plan for the action to respond to the quality of their performance.
What is the difference between performance evaluation and performance appraisal?
Performance appraisal is more of a large-scale action when you compare it to performance evaluation. Although these two terms are similar in a sense, the former is just one of the steps you need to take to complete the latter. That said, performance appraisal considers more in-depth areas such as competency in communication, leadership, and quality of work ethic.
Training, team building, and other employee engagement exercises without proper aim and objectives are wasteful for your time and effort. That said, ensure to evaluate individual employee performance to identify areas of strengths and weaknesses beforehand. Respond to the results of your evaluation accordingly to ensure optimum employee performance. Do all of that and more by equipping your business with the best employee performance evaluation software.
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