Comparing the Best Performance Management Software: Which is the Winner?

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When it comes time to conduct annual performance evaluations, most managers find themselves filled with dread. The task of reflecting on an employee’s performance throughout the past 12 months and trying to remember goals set a year ago is challenging — especially if you don’t see your employees every day. That’s one reason why many businesses now use performance management software. But that’s not the only reason businesses are turning to software solutions. Performance management software can do a lot to help your company succeed. If you’re looking for software, then it’s time for you to conduct a performance management software comparison.

In order to successfully compare software options, you’ll want to have a good understanding of what performance software can do and what your specific needs are. Once you’ve tackled that, then you’ll be in a good position to start comparing software. If that still seems overwhelming that’s okay; we’re here to help! We’ll walk you through all of those steps and provide you with some of our top choices for performance management software systems.

What Can Performance Management Software Do?

Conducting regular performance evaluations allows you to track employee productivity, growth and goals. Sadly, if you manage a large team, these individual evaluations can be time-consuming, tedious and draining as you try to recall specific achievements to consider for evaluation. Performance management software helps to make this process much more manageable.

So, what specifically can software do to help? Performance management is about more than annual performance reviews. The overall goal of performance management is to boost productivity and performance. There are a variety of different ways to measure and track performance in order to judge how your organization is doing. Performance management software can help with all of it.

Some of the simpler functions include scheduling and documenting performance reviews. This can help eliminate some of the small tasks necessary for conducting those dreaded evaluations. But these basic features aren’t all that performance management software has to offer.

Some of the more advanced functions of performance management software can help you evaluate compensation, develop succession plans, and even assist with recruiting and onboarding new employees. Performance management software can also help to facilitate and track peer reviews. These functions will help prepare you with everything you need in order to meet goals and boost performance.

What to Look For When Comparing Performance Management Software

Once you’ve decided it’s time to invest in performance management software, you’ll want to develop a list of requirements to guide your search. Whatever software you use will need to fit the unique needs of your business. Once you’ve developed a list of must-have features, you’ll be ready to tackle the feat of software shopping.

So what kind of things should be on that list of must-haves? Only you can make the final decision, but there’s no need to worry. We know that brainstorming what you need can be a big task without a good starting point — we want to help. Consider some of our key requirements and use them to guide your list-making process.

  • Goal Management: This function helps with goal setting, measurement and tracking. Setting goals for the next year is a vital part of measuring success on both an individual and a business-wide level. As such, this feature is at the top of the must-have list.
  • Performance Evaluation System: This function is a no-brainer when it comes to software functions. Performance evaluation is a fundamental way to track how your employees are performing and judge whether or not they’re meeting their goals. You’ll want a system that allows employees to assess themselves as well as their peers. Bonus points go to any system that gives extra help when it comes to tracking and analyzing that data.
  • Succession Management: A system with this function will help assist in succession planning by helping you to track talent and career development. This feature will be helpful when it’s time to set goals, as your employees are sure to be curious about their next big career step.
  • Compensation Management: Depending on the software you select, the system may be able to assist with budgeting, tracking base pay and even managing performance-based pay or incentive programs.
  • Employee Lifecycle Management: This feature can assist with applicant tracking, onboarding processes and social recruiting. If you want a system that can help with every step of the employee careers, then this feature will be on your list of must-haves.

Comparison of Top Performance Management Systems

We’ve compiled our own list of the best performance management software based on the reviews of trusted experts and analysts. Each product is able to help you tackle important performance management functions with its innovative platforms. So without further ado, here are some of our top picks for performance management software:

Kronos Workforce Ready Performance Management

Kronos scores well across the board making it the shining star of our Leaderboard. In terms of the must-haves, Kronos checks all the boxes. If you’re looking for a system that can do it all and do it well, this cloud-based solution is worth looking at.

Compensation management is one feature that sets Kronos ahead of other competitors. Kronos  Workforce Ready Performance Management is fully integrated with the Kronos Workforce Ready Suite, making it easy to streamline and automate compensation management. The system is able to integrate with Workforce Ready HR to assist with the hiring process. Kronos is also able to integrate with MS Office so users can utilize platforms like Excel to build reports. If you already use another Kronos system then adding their performance management solution will be an easy way to streamline all of your HR systems with easy integration.

Kronos Workforce Ready Performance Management

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Saba Halogen Talent Space 

Saba is another solution that checks all the boxes on our list of must-haves. This easy to use system integrates with Outlook and helps to eliminate messy paper records — meaning it’s time to get rid of those bulky file cabinets and open up your office space.

One area where Saba really shines is learning and development. Saba allows users to design interactive training programs and helps to organize training for employees. If you prioritize on the job development and want to support employee growth within your business, then Saba is a great option.

Saba Halogen Talent Space, Performance Management Software Comparison

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Bamboo HR 

If you have reservations about adding software to your HR department, then BambooHR should put your mind at ease. BambooHR has been praised for its excellent customer service. If your skills lie outside the realm of technology, you’ll have access to professionals who can guide you through using the software.

In addition to the excellent staff support at your disposal, BambooHR is also one of the most integrative systems on our list. If your HR department utilizes a mixture of systems, BambooHR is the system most likely to be compatible with the software you already use. Integration will likely become more important as business operations continue to shift in the direction of software solutions. BambooHR is a simple solution that will fit easily into your existing system.

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BirdDogHR Talent Management System 

BirdDogHR is a great solution for growing businesses. This system does an excellent job of catering to the recruitment needs of an organization that is looking to quickly hire new team members.

BirdDogHR features an applicant tracking system with fully integrated modules for each stage of the employee lifecycle. Once BirdDogHR helps you find your new employees, it will help you monitor their lifecycle at your organization. This will come in handy when it comes time to see what goals employees are meeting during their performance evaluation.

BirdDog HR, Performance Management Software Comparison

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Cornerstone On-Demand 

The biggest beast of performance management is remembering all the goals and accomplishments from the past year. If you have more than one or two employees to evaluate it can be hard to recall who accomplished what when it comes time to conduct an annual evaluation. Cornerstone can help track all of that and allows you to look back on that data when it’s time for the review.

Cornerstone OnDemand, Performance Management Software Comparison

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PeopleFluent Performance Management 

If you’re focused on developing your team, then look no further. PeopleFluent is another system that blows competitors out of the water when it’s time to focus on learning and development. The system allows users to create coaching and mentoring programs and recommend learning and development actions. Offering employees growth and development opportunities always helps you to stand out as an employer. PeopleFluent helps facilitate that.

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CRG emPerform 

Learning to use new software can be difficult. Especially when it comes to managing your business and tracking your employees’ performance you want to be sure you’re utilizing all of your software’s best features. CRG emPerform is another solution with great customer service to help you learn the ins and outs of the platform.

CRG emPerform, Workforce Management Comparison, SelectHub, Mariah Hansen

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ClearCompany Performance Management System 

If you’re searching for a quick and easy solution, ClearCompany checks all the necessary boxes without additional features you may not need. One of the bonuses is the convenient scheduling functionality that allows you to display your availability for interviews.  Applicants are able to choose which of those time slots works best for them without any scheduling conflicts. ClearCompany also features an innovative ability to send video interview questions to help enhance the interview process.

ClearCompany, Performance Management Software Comparison

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The Wrap Up

There are a lot of options to consider during a performance management software comparison. But that’s no reason to be overwhelmed when software shopping. Decide what your top needs are and see what software solutions meet those needs. Once you’ve found which systems meet your needs, you’ll be able to decide which system is right for you.

Considering any of the performance management software on our list? Let us know which one is your favorite – and why – in the comments below!

Mariah HansenComparing the Best Performance Management Software: Which is the Winner?

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