It’s inevitable to see that there might be some weaknesses that might bring down a company down and one of these factors is workplace performance from some employees. To resolve this, employers use performance & appraisal software to analyze employees individually and evaluate their performance helps keep the company afloat or not. Here are some of the best performance review software for companies.
19+ Performance & Appraisal Software
2. Culture Amp
11. Vantage Circle
15. Sage HR
17. Clarity Wave
What Is Performance & Appraisal Software?
Performance & appraisal software is an HR software that allows companies to manage and evaluate their workforce and employee performance in the company. This performance review software enables businesses to reward employees for their best performance while taking action on employees who are underperforming in their performance than expected. This employee evaluation software ensures that companies will remind them of their organizational goals, mission, and vision to give out the best performance possible.
Performance & appraisal software allows employers to hear feedback on an individual employee’s performance and evaluate whether their performance strengthens the entire company’s workplace or weakens it with their underperformance. This employee performance review software also helps establish and remind employees of the organization’s tasks, mission, and vision to motivate them to do well in their workplace performance. The employee appraisal software also helps streamline the HR operations in the company as they evaluate their employees on other aspects of the workforce, as well as make guided decisions on what to do with their employees based on their performance.
Performance & appraisal software should provide tools for employers to evaluate and review their employees based on their workforce performance. The software also provides 360 degree feedback software tools that allow employers to gather feedback on the individual employee’s performance from their peers, department managers, and colleagues. The performance appraisal software should also provide data analytics software features where employers can see an individual employee’s performance in-depth with data and numbers. The performance review platforms should also provide tools for employers to remind employees of the organizational goals to ensure motivation from them to improve their workplace performance.
- Evaluation of employee performance tools
- 360 degree feedback tools
- Data analytics features
- Organizational goals resource feature
Top 10 Performance & Appraisal Software
Synergita allows companies to establish their performance & appraisal software that works both for on-site and remote workplace environments. Synergita has 56 employees and earns annual revenue of $8 million.
Lattice allows companies to monitor and evaluate their employees’ performance even when employees are working at home. Lattice has 255 employees and earns annual revenue of $37 million.
15Five provides tools to companies to “bring out the best” in their employees that can create highly engaged employees to improve their workplace performance. 15Five has 213 employees and earns annual revenue of $30.9 million.
Achievers provide a performance & appraisal software that allows companies to establish an “employee-powered culture” of the workplace that helps improve the employees’ workplace performance. Achievers has 157 employees and earns annual revenue of $27 million.
5. Sage HR
Sage HR provides HR software that helps create “amazing work-life experiences” for their company client’s employees. Sage has 122 employees and earns annual revenue of $17.7 million.
SuccessFactors enables companies to place their employees at the heart of their operations with their human capital management software. SuccessFactors is owned and developed by SAP, which the software has 344 employees and earns $15.6 million in funding for the parent company.
7. Vantage Circle
Vantage Circle provides companies with simple employee engagement software that helps companies provide a more productive, engaging workplace. Vantage Circle has 105 employees and earns annual revenue of $15.2 million.
Impraise enables companies to grow their business with their performance & appraisal software that ensures the growth of their company’s networking includes employees. Impraise has 62 employees and earns annual revenue of $9 million.
7Geese provides companies with the tools to develop their employees with their talent development software. 7Geese has 49 employees and earns annual revenue of $7.1 million.
Trakstar’s performance management software provides tools that include employee engagement tools that allow companies to motivate their employees for better workplace performance. Trakstar has 37 employees and earns annual revenue of $5.4 million.
Is the performance & appraisal software a standalone product or a feature of another software?
Performance & appraisal software can be sold as a standalone software product, though it’s also common to see features of the software integrated within the wider HR management software that provides other features that streamline a company’s HR operations.
Can employees be rewarded for their excellent workplace performance through the performance & appraisal software?
Companies are welcome to reward their employees with rewards and salary bonuses through other software such as payroll software and benefits management software. This would usually depend on the company’s policy and discretion on rewarding employees for their excellent workplace performance such as employee-of-the-month benefits.
How much does the employees & appraisal software cost?
Pricing for employees & appraisal software are usually customized, which provides pricing tiers that provide more features or less. Pricing for employees & appraisal software varies depending on the features available and the intended target company. Small companies may benefit more from low-cost employees & appraisal software while large companies may benefit from high-cost software.
With performance & appraisal software, employers and HR can make decisions that allow accountability within employees that can increase and strengthen the workplace productivity within the company.
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