Did you know that only 2 in 10 employees feel that their performance is managed in a way that truly motivates them to do outstanding work?
The truth is, most performance management tactics are outdated, leaving employees navigating their own performance with little direction, leading to disengagement and missed opportunities.
To get the most out of your employees, you need robust performance management software that automates your tasks and provides a 360-degree view of their performance.
With so many performance management tools in the market, finding the right one can be overwhelming. You could spend **hours if not days **comparing features, pricing, and user reviews.
To save you time we’ve compiled a list of 20 performance management software to help you find the best tool for your organization.
Let’s dive in.
What is a Performance Management Software?
Performance management software (PMS) is a digital tool that organizes and simplifies the process of setting goals, tracking progress, providing feedback, and conducting performance reviews for employees. It acts as a centralized hub from which you can manage and develop your workforce.
With the performance data that you collect through a PMS, you can make informed decisions about:
- Hiring processes– Identify top talent faster
- Career trajectories – Provide employees with clear growth paths
- Compensation– Ensure fair, performance-based incentives
- Succession planning– Prepare future leaders within your organization
- Company goals-Align individual efforts with business success
A good PMS will visibly streamline your existing performance management plan, resulting in major time savings for managers, HR, and employees.
Why do you Need Performance Management Software in India?
Effective performance management is the backbone of a high-performing organization.Managers and leaders rely on performance management to develop realistic goals for measuring employee progress.
A PMS will help you:
- Set clear, measurable goals for your employees that align with your company objectives.
- Facilitate real-time feedback sharing between managers and employees.
- Monitor employee performance with goal progress tracking, identifying areas for development, and celebrating achievements.
- Simplify the review process with digital forms, automated reminders, and centralized data storage.
- Acquire performance data to make informed training, development, and promotion decisions.
Best Performance Management Software in India: Our Pick
1. Peoplebox.ai
Peoplebox.ai is one of the best performance management tools globally. Used by over 500 enterprises and startups globally, like Razorpay, Redbus, Indmoney, Disney, Hackerrank, Cometchat, Ula, and HIndsite, Peoplebox.ai easily fits into your company workflow.
It ships with ready-to-use integrations across databases, HRIS, ATS, CRM, project management and SaaS applications.
For performance management, Peoplebox.ai comes with performance reviews, 360-degree reviews, 1:1s, check-ins, competency, 9-box, calibration and performance reviews in Slack/Microsoft teams.
Peoplebox.ai manages and runs the entire performance review process, complete with engagement and lifecycle surveys,9-box grids, competency framework, and strategic meetings. Peoplebox.ai also lets you customize every step of the review and configure review cycles as per your needs.
Key features:
- Real-time OKR Progress: Integrates work tools and databases to auto-update progress on OKR goals and projects.
- one-on-one meetings : Allows you to run One-on-one meetings with goals and performance tracking.
- Automated Reminders: Set up personalized nudges at every step of the review process that are automated and personalized for quicker approvals
- Quick 360 Degree Setup : Allows you to create your own questions or pick specific questions from the library with a 360 Degree Setup.
- Robust integrations : Goes beyond HRIS integration and allows full Integrations with Microsoft Teams and Slack.
Best for:
- Best for linking OKRs & Performance Reviews
- Best for aligning people and business strategy
Pricing:
- Starts at $7/month per user
2. Zimyo Performance
Zimyo Performance aims to transform your performance management processes from unidirectional and time-bound to dynamic, interactive ones. It includes modules for HRMS, Payroll, Time and Attendance management, Employee Benefits, and more.
Key features:
- 9-box grid for better succession planning and bell curve appraisal.
- Advanced automations for timely performance appraisals.
- In-depth performance review tools like normalization analysis, potential, and competency ratings
- Integrates with Zimyo’s payroll solution for performance-linked appraisals
Best for:
- Companies looking for embedded integration with Payroll, Recruitment, and HR platforms
Pricing:
- Starts at $1/month per user
3. Trakstar
Trakstar is a modular software program by MitraTech with a full-fledged performance management software module called Trakstar Perform. Trakstar supports performance reviews, engagement surveys, advanced goal setting and tracking, 360-degree review feedback, and automated reminders, among other features.
Key features:
- Advanced goal setting and tracking, with SMART goals and support for real-time reporting
- Note-taking, check-ins, and automated email reminders
- Data-rich, flexible report generation for identifying top performers
Best for:
- Organizations looking for comprehensive goal-setting in performance management
Pricing:
- Custom pricing
4. Reviewsnap
Reviewsnap is a popular project management software focusing on goal setting and employee coaching so that they can continually work towards their achievement. Reviewsnap also bundles appraisal management and a powerful template builder to ensure coaching is tailored for individual employees.
Key features:
- Comes with ready-to-use review templates and pre-built visual templates
- Powerful email features, including automated notifications, unlimited job-specific templates, and e-signatures
- 360-degree feedback, including unlimited surveys, statistics dashboards, automatic notifications, and complete administrative control
Best for:
- Organisations looking for a comprehensive employee coaching solution integrated with performance management
Pricing:
- Custom pricing
5. Namely
Namely, it is a comprehensive HR solution that bundles performance management, payroll, and employee benefits. Namely can be configured for various use cases from year-round goal collaboration and peer recognition to professional performance evaluations.
Namely supports unlimited custom performance templates and integrates goals and competencies into performance cycles.
Key features:
- Company-wide, departmental, and individual goal-tracking and alignment
- Integrated social feed and goal change audit
- Configurable performance improvement plans
Best for:
- Organisations looking for a comprehensive HR management solution
Pricing:
- Starts at $9/month per user
6. BambooHR
BambooHR is a Human Resources Information System, or HRIS, that also functions as a full-fledged performance management tool for small and medium-sized organisations.
BambooHR takes a different approach to performance management, with regular check-ins and feedback conversations.
Key features:
- Allows you to create, track, and share individual and team goals via both desktop and mobile applications
- Generates detailed performance reports and compares organizational performance appraisals over time across departments, managers, salary levels
- Regular assessment planning with 30, 60, and 90-day check-ins
Best for:
- Small and medium-sized businesses looking for an easy-to-use PMS
Pricing:
- Custom pricing
7. SAP SuccessFactors
SAP SuccessFactors Performance and Goals is a popular PMS with in-depth performance goal management, continuous coaching and feedback, and detailed achievement tracking.
SAP is especially effective for goal management as it has a library of more than 500 ready-to-use goals and even supports mobile goal management and sharing across platforms.
Key features:
- Provides detailed insights into the frequency and quality of 1:1 meetings
- Supports 360-degree reviews and feedback
- Conducts legal scanning to reduce inappropriate language in reviews
Best for:
- Organizations looking to prioritize goal setting with their PMS
Pricing:
- Starts at $8/user per month
8. 15Five
15five is a continuous performance management tool bundled with management training and coaching. 15five enables managers to connect with coaches, follow along curated learning pathways, and participate in micro-training modules.
It mixes goal tracking with feedback for real-time progress assessments and adjustments.
Key features:
- The in-house AI assistant Spark AI streamlines admin tasks and drives measurable improvement in performance
- Can set up a complete review cycle in just around 15 minutes
- A proprietary calibration algorithm reduces bias and delivers more accurate and consistent results
Best for:
- SMBs looking to scale up while having a feature-rich coaching and PMS solution.
Pricing:
- Starts at $4/month per user
9. Clear Company
Clear Company takes an employee-first approach to performance management and is designed to simplify review cycle management with customizable workflows, formats, scales, and participant communications.
Clear Company has integrations with more than 100 common software tools, such as BambooHR, eSkill, Office 365, OneLogin, and UKG.
Key features:
- Detailed performance reporting with cycle progress, employee goal use, goal alignment, score trends, and more
- Simplified review cycle management with templates
- Comprehensive reporting with annual reviews, semi-annual, quarterly, and 360-reviews and more.
Best for:
- Organizations looking to automate the scheduling of performance review cycles
Pricing:
- Custom pricing
10. Oracle HCM
Oracle’s Human Capital Management comes with a full suite of cloud-based Enterprise Performance Management applications. Oracle’s EPM platform comes with Oracle Smart View for Office, which integrates ERP, EPM, and business intelligence data directly into Microsoft Suite.
Oracle performance document bundles goals, competencies, and feedback from other modules and associates the data for employee performance analysis.
Key features:
- Matrix management involves multiple managers like project manager, team manager, and functional manager to evaluate and submit employee feedback
- Performance document that can be configured for both performance and development goals
- Comes with worker profile management to track employee skills, competencies, and achievements.
Best for:
- Large-scale organizations looking for comprehensive and integrated performance management solution
Pricing:
- Starts from $4/month per user
11. UltiPro
At its core, UltiPro is a cloud-based HCM and Payroll management solution. However, it comes with a lot of functionality for performance management. It can track employee competencies, retain top performers, and proactively manage employee performance.
Key features:
- Allows users to measure the importance of the automated assessment to any manual input the instructors provide
- Assist companies in administering the entire workforce from a single place
- Automates employee performance reporting and generates detailed reports
Best for:
- Organisations looking for a complete workforce management solution
Pricing:
- Customised pricing
12. HRSoft
HRSoft is a highly capable HR Management Solution with advanced performance management functionality. It makes it easy for companies to create, modify, add, and achieve goals all year long, and it connects the workforce for cross-functional execution.
HRSoft also examines the pay-for-performance cycle with goal tracking and feedback sharing and ties performance to compensation.
Key features:
- Delivers rapid, timely feedback with configurable scorecards
- Establishes clear performance metrics so that employees know their position
- Implements team-based incentives for enhanced collaboration
Best for:
- Organisations wanting to link employee compensation with performance
Pricing:
- Custom pricing
13.FactoHR
FactoHR is another capable performance management software with easy goal setting, performance reviews, and progress tracking for organisations of all sizes.
It comes with an intuitive interface and facilitates OKR-based goal setting. A 360-degree review process tags along with real-time performance monitoring.
Key features:
- Built-in integration with payroll and HR software for a smooth performance management process
- Allows multi-level goal creation
- Helps identify and retain top talent with normalized performance ratings
Best for:
- Organizations looking for a performance linked-payroll solution
Pricing:
- Custom pricing
14. Lattice
Lattice is a powerful PMS for HR teams, managers, and employees. It includes detailed performance reviews, talent reviews, 1:1s, and feedback management. Lattice allows access to market data for benchmarking during employee compensation reviews, helping them remain competitive.
Key features:
- Budget and spend tracking allows managers to review compensation changes over time
- In-built AI assistant Lattice AI helps with engagement insights, performance data, and writing assistance
- Actionable goal setting linked to OKRs
Best for:
- Organizations looking for integrated compensation analysis in their PMS
Pricing:
- Starts from $11/month per person
15. Zoho People
Zoho People is a comprehensive HR management solution with in-built performance management tools. It’s fully cloud-based and aims to simplify HR tasks and enhance employee experiences. The PMS enables easy and automated performance appraisals with multi-rater reviews.
Key features:
- 9-box matrix enables talent performance and potential analysis
- A robust continuous feedback system with custom parameters
- Comes with full employee database management
Best for:
- Medium and large-sized companies looking for easy-to-use but feature-rich PMS
Pricing:
- Starts at $1.25/month per user
16. PerformYard
PerformYard is a feature-rich performance management and goal-setting platform that aims to simplify performance management processes. It covers all the basics, including comprehensive reviews and check-ins, goal management, continuous feedback, employee engagement, and reporting.
Key features:
- Fully customizable review forms and cycles
- Allows end-to-end tracking of review completions and approvals
- Adds self-assessments, feedback from direct reports, and multiple managers to the review cycle
Best for:
- Organisations looking to configure their performance review cycles
Pricing:
- Starts from $5/month per person
17. Possibleworks
Possibleworks is an easy-to-use OKR-based performance management solution. It claims to be the world’s first single-screen Talent Management System.
Key features:
- Supports comprehensive performance snapshots for assessment of employees
- Real-time feedback conversations and objective assessments
- 360-degree continuous feedback system
Best for:
- Organisations looking for a single-screen talent management solution
Pricing:
- Custom pricing
18. PocketHRMS
PocketHRMS aims to provide an AI-powered HR management experience and strives to make employees self-reliant. It has a built-in AI chatbot and a browser-based ESS portal.
PocketHRMS’s Microsoft Azure-powered cloud architecture ensures advanced data security. It also has integrations with WhatsApp, Meet, Google Meet, and more.
Key features:
- Supports modular deployment and quick implementation architecture for maximum ROI for SMEs
- Comes with support for Microsoft GenAI and smHRt® AI
- Allows custom role allocations, appraisal configurations, and period-wise appraisal stages
Best for:
- Organizations that require Microsoft GenAI in workflows
Pricing:
- Starts from $30/month for 50 employees
19. KekaHR
Keka HR is a powerful HR management suite with a comprehensive performance management module. It supports dedicated 1:1 meetings for feedback, one-click automated pulse surveys, 360-degree performance reviews, and cascade goals for company-wide progress.
Key features:
- Integrates with Keka’s Payroll system for tax filing, policy compliance, and more
- Supports complete employee data management
- Provides customized dashboards for detailed data visualization
Best for:
- SMEs looking for a comprehensive HR solution with an adequate performance management solution
Pricing:
- Custom pricing
20. Infotrack
Infotrack is a flexible and scalable HR solution with plenty of AI features, such as Intelligent Avatars, self-organizing neural networks, and an AI assistant that supports human-like interactions.
It also bundles the People Dynamics Module, which powers its performance management system. For performance management, it supports configurable competencies, Configurable PMS Forms, Parameterized PMS Forms, Support for PMS Cycles, and automation of PMS workflows.
Key features :
- Keep track of employee transfers (inter and intra-company)
- Employee attendance tracking with geo-tagging that syncs to the performance dashboard
- Detailed 360-degree feedback and review processes
Best for:
- SMEs looking to tap into AI-driven performance management systems
Pricing:
- Custom pricing
Enhance Employees’ Performance with the Best Performance Management Software in India
Now that you have a clear idea of what good performance management software looks like, it’s time to pick the best one for your organization. The best platform for you will fit your organizational needs, such as scalability, integrations, and pricing.
Kickstart your performance management with Peoplebox.ai the first to introduce AI agents to Talent Acquisition and Talent Management in HR. Trusted by 500+ HR leaders across 60+ countries, Peoplebox.ai is revolutionizing the way organizations manage talent.
Ready to transform your HR processes? Request a demo and try it for free today!
