What is Performance Management Software?
Performance management software refers to a digital tool that facilitates organizations to constantly keep track, make evaluations, and focus on employee performance through setting particular goals for each employee. It eases and streamlines the entire process of evaluating an employee’s performance which includes providing feedback, monitoring progress, enabling performance reviews and keeping the right sync between employee’s contributions with the business objectives.
Evaluating 10 Best Performance Management Software in India
Here's a list of 10 leading performance management software that could definitely live up to expectations.
1. HONO
HONO can be categorized as a modern AI-driven performance management platform smartly designed to facilitate organizations in managing employee performance through 360-degree employee performance management. The HCM platform aims to enhance workforce productivity, engagement, and compliance through an intelligent and conversational interface. As the regular HR functions can be tedious and tiresome, the fully equipped HRMS platform manages each HR facet with ease and intelligence; it covers the features such as attendance, payroll, performance management, and employee experience, all catered into one unified platform.
Key Features
- Goal Setting & OKR/ KRA Management
HONO focuses on defining KRAs, setting objectives, and calculating the key results or templates that are based on goals, aligning individual goals with the organizational strategy. This feature ensures that every employee has complete transparency towards their work goals, and managers can easily track the goal's progress in a streamlined manner.
- 360 Degree Feedback and Continuous Review Cycle
The HCM suite supports smart and detailed comprehensive performance evaluations through multi-source feedback such as subordinates, peer reviews, supervisor/manager reviews and even self-evaluation, rather than keeping the entire focus on traditional performance measurement options. It collectively promotes fairness, strength, and development from multiple attributes.
- Performance-Linked Rewards, Analytics & Development Tracking
The platform blends performance outcomes with a long-term compensation and development strategy which is based on annual/term-based appraisals, employee development programs, and future opportunities. Blended with capabilities of analytics and reporting, HR leaders get complete insights into performance trends, retaining leading performers and checking on the skill gaps and overall talent monitoring that smartly enables strategic workforce planning
Optimize Workforce Performance with PMS
2. PeopleHum
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PeopleHum is a smart cloud-based AI-powered performance management platform curated to streamline end-to-end employee performance management process with one single platform. It is built with an intelligent and modern interface that enables organizations to automate HR processes, enhance and upgrade workforce productivity, and curate connected employee experience throughout. It focuses on performance management, people analytics, automation of HR functions and engagement that helps organizations to grow.
Key Features-
- OKR Management/Employee Performance Management
OKRs are imperative as it powers performance conversions. Managers and their employees can easily set up KPIs/goals, exchange feedback and review employee’s performance conveniently with at most transparency.
- Flexible Review Cycles & Review Management
Performance reviews can easily be scheduled basis organization’s requirements. For instance, companies can schedule monthly, quarterly, or annual reviews with flexibility to choose a custom duration, breaking the traditional cycles.
- One on One Meetings & Continuous Check-ins
The system provides tools to book, record, schedule and even follow up on 1 to 1 conversation between the managers and their subordinates. This is generally utilized for coaching and development. A feedback loop. Course correction and maintaining a continuous conversation loop.
3. Keka
Keka is a modern HR and performance management platform that is used to simplify and automate employee’s performance management processes and help businesses maintain an easy flow in terms of regular HR operations. It is built with a strong focus on employee experience and streamlining HR tasks including recruitment, onboarding, attendance management, performance management, payroll, and so on.
Key Features-
- Employee Engagement Opportunities & Performance Management
By utilizing self-service portals, feedback tools and surveys like pulse surveys, Keka fosters transparency and enhances employee engagement. Employees have quick and easy access to their documents, attendance, and pay slips. Feedback tools also help employees and managers to maintain a transparency in terms of employee performance and appraisals.
The HRMS platform streamlined the hiring process through built-in ATS that effectively supports candidate sourcing, resume parsing, and scheduling interviews, etc. Recruiters can collaborate seamlessly and deliver smarter, smooth candidate experience.
Keka encourages organizations to define and assign precise, clear, and growth-oriented teams or individual goals. This is mostly defined using OKRs, SMART goals, KPIs, or scorecard framework that is balanced enough. The process ensures that employees have a clear idea of their workings, and they can always look back to achieving what’s preset as per employee skills and organization’s growth initiatives.
- Multi-Perspective Review Cycles
As employee review cycle can have multiple facets and reviewers such as managers, leaders, peers and self. To have a fair, transparent and unbiased appraisal or performance review, Keka brings in a convenient review process with multi-perspective review cycles joining their opinions and providing a clear picture towards employee's individual growth.
4. GreytHR
GreytHR is a fully equipped cloud-based HR performance management software designed to automate employee performance review cycles for small and mid-size businesses. It is popularly known for aspects like simplicity, compliance accuracy, easy performance management usability with complete performance management module, streamlined attendance tracking, and employee self-service portal which eases employee’s regular queries that might otherwise require HR.
Key Features-
The HCM platform simplifies performance management through easy employee management, feedback loops, and 360-degree performance management opportunity.
- Analytics, Reporting and Unbiased Calibration
GreytHR provides impactful insights and a fully equipped dashboard that generated performance data, review results and optimize trends, which in turn help the managers and senior management to make informed and wise decisions about providing rewards, giving promotions, conducting employee trainings and handling the entire performance management cycle.
- Employee Self-Service & Review
The smart HCM platform comes up with an equipped ESS portal where employees can view their pending reviews, make self-assessment, check assessment status, and improve overall transparency. Through this process, managers can also have a clear view of either individual performance or a team level performance through interactive and insightful dashboards.
5. Zing HR
ZingHR offers a mobile-first human capital management and performance management platform which is designed to manage the entire employee performance management lifecycle right from collating managers or peer reviews to recording self-reviews and blending data from other modules of payroll, leave and attendance management etc. It streamlines the business through managing the regular HR operations, ensuring compliance, and significantly enhancing employee experience through process automation.
Key Features
- Employee Lifecycle & Performance Management
ZingHR smoothly manages the entire employee lifecycle from putting the job descriptions on the job-hunting websites to managing the employee's onboarding and handling it all till the employee being separated from the organization. It handles the basic aspect of performance management wherein 360-degree feedback is implemented and complete transparency between employees and managers is maintained.
- Goal Setting and KPI Management
The platform helps in defining and adding clear objectives (OKRs), setting goals, and KPIs for individual employees or a complete team. This ensures that every employee in the system gets a fair opportunity to choose their goals, fulfill them, mark their progress, and be informed on their performance through the lifecycle.
The platform supports a complete 360-degree feedback process which collates information and feedback from multiple levels such as managers, subordinates, peers and even self-evaluation is involved. This process makes it easy for decision makers to have a clear view and make informed decisions.
6. Lattice
Lattice is cloud-based performance management platform curated to facilitate organizations in elevating the way they manage, develop and evaluate thier employee’s performance. It includes 360-degree employee performance management, It blends multiple aspects such as performance management, setting up KRAs, providing 1 to 1 feedback, managing employee engagement, and planning compensation in one unified platform. The platform is trusted by multiple brands around the globe.
Key Features-
- Employee Engagement Tools & Performance Management
Lattice firmly offers pulse surveys, engagement analytics and also foster eNPS & sentiment tracking for the HR teams to anticipate workforce trends, identify holdbacks and sort what's needed. It also brings in a smart feature of performance management through which employees and managers can stay aligned with overall performance, grades, and how exactly the employee is performing throughout the year.
- Initiating a Loop of Continuous Feedback
Lattice believes in letting organizations customize review cycles in the most suited form such as annual cycles, quarterly cycles, and even project-based approach to support ongoing feedback and maintain transparency.
The platform supports easy goal setting through frameworks like OKRs and enables teams to align the individual objectives with the company’s strategic initiatives. The brand also supports compensation planning and deciding on employee’s career path which further helps organizations in regarding the best talent and providing them with growth opportunities.
7. Workable HR
Workable HR is cloud powered performance management platform specialized in performance management solutions that came in the prominence through its applicant tracking and recruitment tools. It is a well-equipped HRIS catering to hiring management. Handling onboarding, employee data, time and attendance and so much more within the HR operational curriculum.
Key Features-
- Streamlined Performance Management
Workable HR is capable of managing multiple employees’ performance through a unified solution. It ensures complete transparency to the employees regarding each step in the journey of performance management.
- Implementing AI & Automation
The platform brings in the required tools for generating job descriptions, jotting down interview questions that make sense and foster candidate outreach emails. It also automates the complete employee life cycle.
- Performance Analytics Reporting
The platform ensures that once the reviews are completed, the data will be stored in the dashboards and can be generated in the form of reports. This helps the leaders in tracking employee performance status, view their achievements, scope of improvements and promote broader talent development across teams.
8. Oracle HCM
Oracle HCM is a smart and comprehensive enterprise-grade performance management solution, specializing in managing employees’ work performance and is designed to be built natively for the cloud by Oracle Corporation. It caters to the employee’s journey in an organization and supports global enterprises with multi-currency, geographies, and language capabilities that are customized according to the filters.
Key Features-
- Core HR Offerings with 360-Degree Performance Management
Oracle offers a centralized employee record system wherein it supports various assignments. Global HR processes and geography-based localization. It also caters to employee performance management which otherwise would be a tough process to execute, it brings in transparency and streamlined feedback loop to make performance management easy and suitable.
It offers personalized learning programs to upgrade or polish employee skills. This makes employees build more trust towards the organization and brings mobility tools to ease the process.
- Competency & Skill Assessment
The HRMS platform facilitates the organizations in defining competencies, manage skill frameworks and let employees identify their skill gaps through smart development programs and training designed for the employees to stay updated basis the industry trends.
9. Workday
Workday is an enterprise performance management platform curated to manage HR and finance through one unified system. It enables organizations to cater to services such as 360-degree performance management, employee ESS portals and a full employee lifecycle right from recruitment, onboarding to performance management, payroll management, and succession planning. Its data model is designed to provide flexibility and real-time analytics for ongoing upgrades.
Key Features-
- Global Workforce Management with Performance Management
With the capabilities such as centralized employee data, support and geography friendly, Workday supports global workforce management. It also ensures that the employee’s performance is appropriately recorded, and there is no bias throughout.
With the help of real-time dashboards, embedded analytics and valuable insights into employee performance, the platform offers best-in-class services.
- AI-Powered Employee Performance Dashboards
The platform offers built-in AI agents and a cloud foundation that helps HR managers to make informed and fair reports in terms of employee performance either individually or as a team.
10. HROne
HROne is popularly known as a smart performance management platform that is designed to cater to businesses of all types. It emphasizes on streamlined performance management process, automation and simplifies employee lifecycle wisely. It empowers HR teams by offering unified interfaces for handling core HR, recruitment, and payroll features. It focuses on easy mobile access, configurable workflows, and an intuitive design that makes it fit for most of the organization.
Key Features-
- Employee Performance Management
HROne offers a unified platform to manage employee performance and provide complete transparency in the journey. It is designed to ease the regular performance management cycle with 360-degree approach.
The HRMS platforms offer mobile self-service for employees and managers, support internal communications, and offer pulse-based mood bots that can help in recognizing employee insights much better.
As HROne offers a unified dashboard, it provides dashboards and schedules reports across multiple modules in the employee performance management life cycle. It utilizes advanced analytics for customization and gives the leadership a clear and precise overview of employee's performance.
Why Choose HONO?
HONO leads the space with smart AI-powered capabilities that offer deep expertise in accurate employee performance management, workforce intelligence, strong compliance, and streamlining HR workflows. It automated and streamlined the regular, tedious HR functions which might otherwise occupy significant time. With next-gen technology and focus on workforce productivity, it can be an excellent choice for the organizations looking for future scalability, accuracy, AI-driven initiatives and HR operations automations.
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