December 21, 2023 — Peoplebox

As organizations incrеasingly rеcognizе thе pivotal role of workforcе productivity and еngagеmеnt, thе dеmand for еfficiеnt pеrformancе managеmеnt procеssеs has surgеd. Lеvеraging technology is a kеy strategy to еnhancе еfficiеncy in thеsе procеssеs. Howеvеr, with a plеthora of options availablе, choosing thе right еmployее pеrformancе rеviеw softwarе can bе a daunting task. That’s why, in this blog post, we brеak down thе top 10 еmployее pеrformancе еvaluation softwarе to еnhancе your pеrformancе rеviеw еxpеriеncе and boost ovеrall еfficiеncy in workforcе managеmеnt. Before we dive deeper into each tool, here is a sneak preview of the employee performance review software we will be covering in this article. Tool Description Highlights Peoplebox The most comprehensive performance review and management platform that can automate your review cycles and make performance reviews a breeze. It is ideal for SMEs and large enterprises 1:1 sessions on Slack AI-powered advanced analytics and reporting 360-degree reviews in Slack, Teams, and Web Automated report builder Competency mapping Goals/OKR tracking and management Real-time feedback and engagement and performance analytics BambooHR An HR management platform with performance management capabilities. It is best suited for small to medium-sized companies 360° Feedback Automated reminders Basic performance reports Lattice A performance management platform that enables running custom review cycles. It is best suited for large enterprises Performance development programs Goals/OKR tracking 1:1 dashboards PerformancePro A performance management and learning platform that encourages employee development based on reviews. It is suited for SMEs. Automatic course assignment based on performance Performance-based salary administration Real-time engagement analytics Culture AMP A performance management tool that enables you to encourage employee growth through continuous feedback. It is best suited for medium to large companies. 1:1 sessions tracking Skills coach 360-degree feedback 👉 What is Employee Performance Review Software? Employee performance review software is a specialised tool designed to streamline and enhance the performance evaluation process. It is a centralised platform for conducting, documenting, and analyzing employee performance assessments. The software facilitates efficient communication between managers and employees, allowing for comprehensive feedback, goal management, and performance improvement plans. Performance review tools replace traditional, paper-based performance review methods, offering a more organized and data-driven approach to workforce management. They automate performance reviews and enable managers to assess individual and team performances, identify improvement areas, and recognise achievements. These tools include features like goal tracking, competency assessments, and 360-degree feedback mechanisms. 🤔 How did we Choose the Best Employee Performance Review Software? Before we break down the top 10 tools, let’s answer the most important question—what parameters did we consider when choosing the top 10 software? Here’s the list: Customisation: We checked if the tool allows customising the performance reviews and to what extent—whether or not it allows tailoring forms and surveys, review cycles, performance metrics, and more. 360-degree feedback: We evaluated the tools based on one of the most crucial elements of performance review—360-degree feedback. We looked into built-in templates, review cycle automation, automated reminders, and data collection from multiple sources. Automation: Automation makes the review process more efficient. We chose tools that help compare employee performance ratings, automate creating 1:1 sessions, data collection, and integrate goals into reviews. Real-time feedback: The tools we chose allow managers and HR leaders to collect and track feedback in real-time. It helps align goals and expectations between employees and managers. Analytics and reporting: We evaluated tools based on insights into employee engagement and performance and how the tool helps make data-driven decisions. 🏆 12 Best Employee Performance Review Software for Success With so many performance evaluation software options out there, we’ve handpicked the best for you. Meet our top choices: Peoplebox: Best for conducting performance reviews in SMEs and large enterprises BambooHR: Best for small and mid-sized companies Lattice: Best for large enterprises Performance Pro: Best for small to medium-sized companies CultureAMP: Best for medium to large enterprises BetterWorks: Best for mid-sized to large businesses Mesh: Best for startups and SMEs Leapsome: Best for HR management in large enterprises Hibob: Best for HR management in medium to large enterprises PerformYard: Best for SMEs Effy AI: Best for conducting reviews in SMEs with smaller teams 15Five: Best for medium and large organisations 1. Peoplebox Performance Management Software Best for conducting performance reviews in SMEs and large enterprises Peoplebox is a comprehensive performance management software designed to cater to the needs of HR professionals and strategy leaders, offering a unified solution for OKR management, performance evaluation, and employee engagement. The platform ensures real-time updates of employee goals data through 50+ native integrations, facilitating quick and frequent performance reviews. By integrating OKRs into 1:1s and check-ins, Peoplebox simplifies the process for managers to monitor team performance and deliver targeted feedback, ultimately driving exceptional business results. The deep integration with Slack allows for the seamless execution of performance reviews, significantly reducing administrative overhead and saving costs compared to traditional methods, making the entire process fast, effortless, and cost-effective. In addition to these features, Peoplebox provides valuable analytics and insights. This functionality assists organizations in gaining a more profound understanding of employee performance trends and pinpointing areas that warrant improvement. Peoplebox Key Features Goals Alignment & OKRSet & Align Goals✔Integrations with Work Tools✔Initiative / Task Management✔KPI Tracking✔Business Reviews✔Slack / Email Alerts✔ Performance & Compensation360 Degree Review in Web / Slack / Teams✔9-box and Calibration✔Custom Question Builder✔Competency Mapping✔Check-ins✔Compensation & Incentives✔ Employee EngagementAutomated Recurring Surveys✔Pulse & Lifecycle Surveys✔Anonymous Messaging✔Real-Time Insights✔Glassdoor Nudge✔Automated Report Builder✔ Peoplebox Pricing Plan PlanPrice (billed annually)FeaturesPerformance + Engagement$7/month per person– OKR (Goals)– Performance Reviews– 1-1 Meetings– Engagement Surveys– Calibration– Performance & Productivity Check-inOKR Platform$8/month per person– OKR (Goals)– Business Reviews– Project Management– Integrations –– KPIs Board– 1:1sFull Suite – Professional$12/month per person– Everything in OKR plan plus Talent Management featuresFull Suite – Premium$15/month per person– Everything in Professional plan plus Customer Success Manager, Onboarding & Implementation, Managers Training, and moreEnterpriseCustom pricing– Tailored solutions – Custom integrations – Dedicated customer success manager – Single sign-on (SSO) capabilities Why choose Peoplebox? Captures employee feedback and performance automatically, ensuring a seamless performance review process Offers AI Co-pilot to generate insightful reports on employee performance and engagement, helping you make faster and data-driven decisions Offers white-glove support, including admin and manager training and end-to-end onboarding Offers real-time insights into employee performance, work relationships, collaboration, and 50+ parameters using org charts Ensures accurate analysis by automatically syncing org charts with HRIS, payroll, and performance management tools Enables you to run review cycles in Slack, making them more convenient and effective Robust features are available at an affordable and straightforward pricing User Reviews & Ratings Rating: 4.5 ⭐️⭐️⭐️⭐⭐️(300 Reviews on G2) Here’s what Peoplebox users are saying: Check out how Peoplebox is helping companies worldwide experience seamless employee performance reviews and management: 🎯How Ula conducts effective performance reviews with Peoplebox 🎯 How Cometchat cultivates a transparent work culture with performance reviews 2. BambooHR Employee Performance Review Software Best for small and mid-sized companies BambooHR is a cloud-based human resources (HR) software solution tailored to simplify and streamline HR processes for small companies and medium-sized businesses. It focuses on performance management capabilities, employee self-assessments, peer feedback, and goal setting. BambooHR Key Features Employee data management Time-off tracking Performance management, aiming to centralize HR teams’ information and automate routine tasks. BambooHR Pros Customizable review cycles Automated reminders to conduct reviews Mobile app to conduct reviews on the go Integrates with 120+ platforms BambooHR Cons Undisclosed pricing Requires paid BambooHR plan to use Performance reports are not customisable No employee recognition Native performance appraisal solution lacks support for career planning and continuous feedback BambooHR Pricing Plan Undisclosed For companies with 20+ employees: Priced on a per-employee, per-month basis For companies with 20 or fewer employees: Priced at a monthly flat rate 3. Lattice Employee Performance Review Software Best for large enterprises Lattice is a performance management platform that helps HR leaders and managers identify the top-performing employees. It enables you to run annual and quarterly review cycles and project-based reviews to build a continuous feedback culture at work. Lattice Key Features Performance review and management 1-on-1 meetings Real-time feedback Career pathing and skill development Engagement surveys Lattice Pros Integrations available on all product tiers One-on-one meeting agendas and tracking Employee development and recognition in each plan Mobile app Lattice Cons Minimum annual contract is $4,000, billed annually The UI is difficult to navigate Too many notifications Steep learning curve Lattice Pricing Plan Performance Management solution (inclusive of OKRs & Goals): $11/person/month Engagement Module: Additional $4/person/month Grow Module: $4/person/month Compensation Module: $6/person/month 4. Performance Pro Online Performance Review Software Best for small to medium-sized companies PerformancePro, developed by HR Performance Solutions, is a performance management and salary administration application. The platform’s emphasis on employee development results in a high level of customisation options compared to its competitors, allowing it to align precisely with the needs and preferences of HR professionals, employees, and executives. PerformancePro Key Features Personalised dashboards to track and report progress Built-in and preloaded forms and templates Goal and KPI tracking PerformancePro Pros The system offers an efficient workflow It is customizable, allowing for personalized use Integration with learning systems is available PerformancePro Cons The UI is outdated and may require an update The admin functions are complex Users may experience performance issues Support options are limited The setup process may be complex PerformancePro Pricing Plan Starts at $2-6 per employee per month 5. Culture AMP Employee Evaluation Tools Best for medium to large enterprises Culture Amp is a performance management tool tailored for users seeking a platform to enhance employee productivity and foster greater engagement. The platform’s 360-degree feedback feature enables colleagues and managers to provide meaningful employee feedback. Culture Amp Key Features OKR setting and management 1:1s for regular conversations Employee performance ratings tracking Real-time feedback Shoutouts for employee recognition 360-degree performance reviews Culture Amp Pros Customizable questions and templates are available Strong customer support available Culture Amp Cons Limited reporting capabilities, impacting data analysis Steep learning curve for beginners Pricing Plan Undisclosed 6. Betterworks Employee Performance Evaluation Tools Best for mid-sized to large businesses Betterworks is a performance enablement solution designed to facilitate alignment and focus across teams within an organisation. The platform supports goal setting, tracking goal progress, and fostering community-driven conversations to drive growth. Betterworks Key Features OKR management Reporting and analytics Employee engagement Betterworks Pros Identifies workforce strengths and development areas Rewards smart risk-taking and innovation Offers a dedicated community for global networking Betterworks Cons Language limitations in admin panel translation Limited support for Custom Module naming in languages Betterworks has integration constraints with other tools Betterworks Pricing Plan Custom pricing For enterprises with 5000 employees For mid-market businesses with 1000 employees 7. Mesh Performance Review Software Best for startups and SMEs Mesh is a comprehensive platform that supports organizations in fostering a culture of continuous feedback, growth, and performance management. Mesh provides a robust suite of tools to drive employee growth and organizational success. Mesh Key Features Goals/OKRs management Continuous feedback 1:1s for career conversation 360-degree performance reviews Employee engagement functionalities Mesh Pros The platform fosters a culture of appreciation, promoting a positive and supportive work environment. Users benefit from great customer service, receiving reliable assistance and guidance when needed. Its simple design enhances user experience, making navigation and utilization more intuitive. Mesh Cons Poor adoption rate among team members hinders the platform’s effectiveness and utilization within the team. Complexity and unnecessary features in the tool may lead to confusion and inefficiency in usage. The platform’s challenging and redundant nature can pose obstacles to seamless workflow. Non-user-friendly interface with product misses may result in user frustration and decreased productivity. Excessive manual settings required may lead to additional time and effort spent on configuration and maintenance. Mesh Pricing Plan Base Plan: Priced at $4 per person per month Premium Plan: Available at $7 per person per month Enterprise Plan: Custom pricing 8. Leapsome Employee Evaluation Tool Best for performance management in large enterprises Leapsome is a specialized performance management system that focuses solely on performance management and does not include traditional HRIS capabilities such as payroll, time tracking, or applicant tracking systems (ATS). Leapsome Key Features Run 360-degree and anonymous leadership reviews Automated review cycles Goal-setting and tracking Built-in review templates Leapsome Pros Single sign-on (SSO) capabilities with integrated apps 14-day free trial (no credit card required) The platform is available in 13 languages Leapsome Cons Price quotes are available upon request Customer success teams’ services limited to customers with a $6,000 annual contract Users may encounter a steep learning curve when using the platform Poor UI Limited integrations Leapsome Pricing Plan Custom pricing 9. Hibob Online Performance Review Software Best for HR management in medium to large enterprises Hibob is a performance management software that focuses on enhancing employee engagement and productivity within organizations. The platform offers features such as goal setting, continuous feedback, and performance reviews to support ongoing development and alignment. Hibob Key Features 360-degree feedback surveys Automatic performance review cycles Custom reminders and messages Goal setting and management Generate employee performance reports Hibob Pros The platform offers excellent customer service for issue resolution. It provides a simple product setup, requiring minimal employee training. Hibob Cons Lack of support for weighted goals in the performance review module. Users have reported unclear functionality in the Performance Review feature. Significant time investment is required to maximize the product’s potential. Limited reporting capabilities impact data analysis. Hibob Pricing Plan Custom pricing 10. PerformYard Employee Performance Evaluation Software Best for SMEs The last software on our list is PerformYard, a performance management and HR software designed to streamline the performance review process and facilitate ongoing regular feedback within organisations. PerformYard delivers sufficient customisation within its modules, allowing users to adapt their performance review schedules to their dynamic workflows without causing overwhelm among employees. Performyard Key Features Career development Compensation management Custom review forms and cycles Review completion and approval tracking PerformYard Pros Offers an intuitive platform for a seamless user experience Encourages ongoing communication for effective employee development Personalized support with a dedicated customer success manager PerformYard Cons The absence of a mobile application might inconvenience users needing on-the-go access Lacks specific onboarding or learning modules for comprehensive training Operates on an annual billing cycle, lacking monthly payment options for flexibility PerformYard Pricing Plan Performance management: Starts from $5 to $10 per person per month (billed annually) Employee engagement: Available as an add-on starting at $1 to $3 per person per month 11. Effy AI Best for conducting reviews in SMEs with smaller teams Effy AI is a straightforward, intuitive employee performance review software that leverages AI to drive team productivity, engagement, and performance. The tool simplifies performance review cycles with built-in templates and AI-powered reports. Effy AI Key Features AI-generated forms Status dashboards to track review Automated reminders AI feedback summarising Effy AI Pros Good for 360-degree feedback Intuitive UI Automated reporting system Effy AI Cons It does not integrate with Microsoft Teams No AI suggestions to refine questions in the builder mode Effy AI Pricing Free plan: $0 max. 5 users Pro: $6 per person per month 12. 15Five Best for medium and large organisations 15Five is a performance management platform that collects feedback data and converts them into actionable insights to guide your decision-making. It offers a comprehensive platform to encourage continuous feedback and employee growth. 15Five Key Features Automate review cycles and data management Convert feedback into standardised ratings Reports to provide insights into employee performance AI recommendations and outcomes dashboard to improve decision-making 15Five Pros Organises review data and performance management Responsive customer support OKR tracking and summarising weekly work 15Five Cons 1:1s get confusing when managing multiple people No live chat for customer support Slightly steep learning curve 15Five Pricing Engage: $4 per user/month Pro: $10 per user/ month Total platform: $16 per user/ month ✔️ How to Select Employee Performance Review Software? Selecting the right employee performance evaluation software is a pivotal decision that requires careful consideration of various factors. To ensure you make an informed choice, here are key criteria to guide your evaluation: 1. Customisation Capabilities Look for software that offers customization options to align with your organization’s unique performance evaluation processes and criteria. The ability to tailor the software ensures that it accommodates specific performance metrics, competencies, and objectives relevant to your business. 2. Scalability Choose software that can scale alongside your organization’s growth. A scalable solution ensures that the software remains effective as your workforce expands, preventing the need for frequent system changes. 3. User-Friendly Interface Opt for software with an intuitive and user-friendly interface A straightforward design promotes easy adoption across all levels of the organization, fostering engagement and ensuring a smooth transition to the new performance evaluation system 4. Comprehensive Reporting and Analytics Ensure the software provides robust reporting and analytics capabilities Advanced reporting tools empower management to derive meaningful insights from performance data, aiding in strategic decision-making and continuous improvement efforts 5. Integration with Existing Systems Consider the compatibility and ease of integration with your existing HR and management systems Seamless integration ensures a cohesive flow of information across different platforms, avoiding data silos and promoting a unified approach to workforce management 6. Security and Data Privacy Prioritise software that adheres to robust security standards and data privacy regulations. Safeguarding sensitive employee data is crucial, and compliance with industry standards ensures the confidentiality and integrity of performance-related information. 👉 Elevate Your Performance Review Process with Peoplebox In conclusion, choosing the right employee performance review software is a critical decision for organizations looking to enhance efficiency in their workforce management processes. As we’ve explored the top 10 employee performance review software options, Peoplebox consistently emerges as a leader in terms of features, ease of use, and cost-effectiveness. Its pricing plans are tailored to different organizational needs, providing flexibility and scalability. Don’t let complex performance review processes hinder your organization’s progress. Make performance management a breeze with Peoplebox. Talk to us today! FAQs 1: Which performance appraisal system is the best? When it comes to performance appraisal systems, there are various options with their unique strengths. However, Peoplebox emerges as the best employee performance review software here with a suite of comprehensive features, including goal tracking, 360-degree reviews, org-chart, competenancy and 9-box. These functionalities collectively offer a holistic view of an employee’s performance, enabling managers to make informed decisions. 2: Which is the best employee performance review software for managers? Popular performance review software, such as Peoplebox, serves as a valuable resource for managers. It offers a range of comprehensive features coupled with ease of use. With the provision of continuous feedback, goal tracking, and integration with tools like Slack, managers can efficiently assess performance and provide timely feedback. This helps create a culture of ongoing improvement in the organization with this best employee performance review software. 3: Which is a good Performance review software for small companies? Small businesses have their unique needs and budget constraints. There are several cost-effective options, such as Peoplebox, BambooHR, Lattice, and PerformYard, that cater to these needs. However, Peoplebox, with its OKR-focused strategy execution platform, is particularly beneficial for small businesses. This best employee performance review software helps strike a balance between cost-effectiveness and comprehensive features to assist small businesses align their organizational goals with employee aspirations. 4: Which performance appraisal manner is used by Microsoft? Microsoft has adopted a flexible performance management process. This process includes maintaining a performance journal, setting clear and measurable goals, and conducting performance reviews that can be adapted to the needs of teams and individual employees. Microsoft’s approach facilitates continuous feedback and promotes growth.

Day: December 21, 2023

12 Best Employee Performance Review Software

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12 Best Employee Performance Review Software

Features

Platform

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