Top Performance Review Software for Efficient Employee Evaluation
UjangCTR
April 23, 2023 1:13 pm
.
6 min read
If you’re an HR manager, supervisor, or business owner looking for an efficient and effective way to evaluate employee performance, you need to invest in a good performance review software. With the right tool, you can streamline your employee evaluation process, increase productivity, and drive better results.
In this article, we will discuss the top performance review software available in the market, including their features, benefits, prices, and use cases.
What is Performance Review Software?
Performance review software is an HR tool designed to streamline and automate the employee evaluation process. It allows managers to create, schedule, and track employee performance reviews, as well as store and manage employee performance data. Performance review software typically includes features such as performance metrics tracking, goal setting, feedback collection, and reporting.
Top Performance Review Software
Here are our top picks for the best performance review software available in the market:
Let’s take a closer look at each of these performance review software and their features, benefits, and prices.
1. BambooHR
BambooHR is a popular HR software that includes a robust performance management module. With BambooHR, you can easily create and customize performance review templates, schedule and automate performance reviews, and track employee performance metrics over time. The software also includes features such as goal setting, feedback collection, and reporting.
Benefits:
- User-friendly and intuitive interface
- Customizable performance review templates
- Automated performance review scheduling and reminders
- Real-time performance metrics tracking
- Integrates with other HR tools
Price: BambooHR pricing starts at $6 per employee per month for their Essential plan, which includes performance management features. They also offer an Advantage and Premier plan with additional features and support.
2. ClearCompany
ClearCompany is a performance management software that allows you to automate the entire performance review process, from goal setting to feedback collection to reporting. With ClearCompany, you can easily track employee progress, identify areas of improvement, and align employee goals with company objectives.
Benefits:
- Easy-to-use performance review templates
- Automated review scheduling and reminders
- Real-time performance metrics tracking
- Integration with other HR tools
- Customizable rating scales and feedback forms
Price: ClearCompany pricing starts at $9 per employee per month for their Performance Pro plan, which includes performance management features. They also offer an Essentials and Growth plan with additional features and support.
3. 15Five
15Five is a performance management software that enables continuous feedback and coaching between managers and employees. With 15Five, employees can easily set goals, track progress, and receive feedback from their managers in real-time. The software also includes features such as pulse surveys, recognition and rewards, and reporting.
Benefits:
- Continuous feedback and coaching
- Easy-to-use performance review templates
- Real-time performance metrics tracking
- Integration with other HR tools
- Recognition and rewards program
Price: 15Five pricing starts at $7 per employee per month for their Performance
4. Cornerstone Performance
Cornerstone Performance is a comprehensive performance management software that includes features such as goal setting, performance reviews, career development, and succession planning. With Cornerstone Performance, managers can easily create and customize performance review templates, track employee progress, and identify high-performing employees for career development opportunities.
Benefits:
- Comprehensive performance management features
- Customizable performance review templates
- Real-time performance metrics tracking
- Integration with other HR tools
- Career development and succession planning tools
Price: Cornerstone Performance pricing is available upon request and varies based on company size and specific business needs.
5. Performance Pro
Performance Pro is a performance management software designed to simplify and streamline the employee evaluation process. With Performance Pro, managers can easily create and customize performance review templates, track employee progress, and provide feedback to employees in real-time. The software also includes features such as goal setting, performance metrics tracking, and reporting.
Benefits:
- Easy-to-use performance review templates
- Real-time performance metrics tracking
- Integration with other HR tools
- Customizable rating scales and feedback forms
- Flexible pricing options
Price: Performance Pro pricing starts at $3 per employee per month for their Basic plan, which includes performance management features. They also offer a Professional and Enterprise plan with additional features and support.
Comparison Table
To help you choose the right performance review software for your business, we’ve created a comparison table of the top 5 performance review software.
| Software | Usecase | Pros | Cons | Price |
|---|---|---|---|---|
| BambooHR | Ideal for small to mid-sized businesses | User-friendly interface, customizable templates, automated scheduling | Limited reporting features | Starts at $6 per employee per month |
| ClearCompany | Ideal for mid-sized to large businesses | Easy-to-use templates, customizable rating scales, real-time metrics tracking | Higher pricing compared to other software | Starts at $9 per employee per month |
| 15Five | Ideal for continuous feedback and coaching | Real-time feedback, recognition and rewards program | Limited reporting features | Starts at $7 per employee per month |
| Cornerstone Performance | Ideal for large businesses with complex HR needs | Comprehensive performance management features, career development and succession planning | Higher pricing compared to other software | Pricing available upon request |
| Performance Pro | Ideal for small to mid-sized businesses | Easy-to-use templates, customizable rating scales, flexible pricing options | Limited reporting features | Starts at $3 per employee per month |
Benefits of Performance Review Software
Performance review software offers numerous benefits to businesses of all sizes, including:
- Streamlined and automated employee evaluation process
- Improved productivity and performance metrics tracking
- Better employee engagement and job satisfaction
- Enhanced communication and feedback between managers and employees
- Better alignment of employee goals with company objectives
- Reduced time and cost associated with manual performance evaluation processes
Where to Buy Performance Review Software
You can purchase performance review software directly from the vendor’s website or through a third-party software marketplace. Some vendors may also offer a free trial or demo to help you test the software before making a purchase.
FAQ
- What is performance review software? Performance review software is an HR tool designed to streamline and automate the employee evaluation process.
- What are the benefits of performance review software? Performance review software offers benefits such as streamlined and automated employee evaluation, improved productivity, better employee engagement, and reduced time and cost associated with manual evaluation processes.
- How do I choose the right performance review software for my business? Consider factors such as business size, HR needs, and software features and pricing when choosing the right performance review software for your business.
- Can I customize performance review templates with performance review software? Yes, most performance review software allows for customization of templates to fit the specific needs of your business.
- How much does performance review software cost? The cost of performance review software varies depending on the vendor, features, and business size. Some vendors offer pricing plans based on the number of employees or specific features needed, while others may offer customized pricing based on business needs.
Conclusion
Performance review software is an essential tool for businesses of all sizes looking to streamline and automate the employee evaluation process. By using performance review software, businesses can improve productivity, engagement, and communication between managers and employees, while reducing time and cost associated with manual evaluation processes. By considering the top performance review software options and their benefits, pricing, and features, businesses can choose the right software to fit their specific HR needs and improve overall employee performance and satisfaction.
