Performance Management: Discover the top 8 next-generation software platforms for HR and Sales Managers

Performance Management: software platforms are now to be considered a key component of an organization’s success, as they involve assessing and optimizing employee performance to achieve business goals.

True performance management, however, goes beyond a simple annual performance evaluation.

“Performance Management: software platforms can be the end point, never the starting point!”

Instead, it is an ongoing process in which managers and team members conduct regular reviews, leading to more accurate feedback, support, and ideally improved performance and goal management.

Considering that performance management is now a continuous improvement process and no longer an annual activity, it is essential to manage it on a daily basis .

70% of performance management projects target management (which represents an average of 7% of the organization)

How to Create a Successful Incentive Program for Managers, Employees, and Vendors

Top-performing companies are increasingly adopting innovative tools over those traditionally used for performance management.

“Performance management: software platforms have been around for a long time, but something is now changing.”

Specific new platforms maintain constant contact with employees, and through different interfaces and engagement ,engage them more effectively and thus manage more functions in order to become the sole interface tool for an employee’s productivity.

Through this approach, these platforms are able to generate more data from users, thereby improving the data collection process and providing a competitive advantage in analysis and performance management for human resource managers.

How to Create a Performance Management Program

Appropriate performance management therefore requires commitment, there are now a variety of tools available to support performance management at the individual, group and organizational levels, let’s look at some of them.

The performance management market is constantly evolving, with platforms continually improving to meet user needs and technological innovations.

In addition to industry-leading platforms, there are also new emerging solutions that offer innovative and easier-to-use approaches, proving attractive especially to SMEs.

Performance management: the next generation software platforms.

Gartner’s quadrant features the usual enterprise solutions now firmly anchored in an almost stable ranking, yet these new platforms though not yet concluded may hold untapped advantages over traditional solutions.

Gartner Quadrant 2022 Performance Management Platforms and Software.

Therefore, it is important to keep an eye on what is new in the industry to find the right platform for your organization’s needs; in fact, enterprise solutions may not always be ideal for organizations with rapidly changing dynamics and scale.

What are HR managers looking for when they think of a performance management platform?

Here is a list of evaluation criteria in order of importance for an HR manager:

What features should platforms and software for performance management projects have?

Functionality and features:

  1. Review and feedback: Are preset templates available to facilitate the employee evaluation process? Is the performance review process engaging and flexible? Are there tools to positively recognize outstanding employee performance?
  2. Improvement plans: Does the software allow you to design and execute performance improvement plans? Are templates available to facilitate this process?
  3. Training and eLearning: Does the software offer the ability to create and implement training/eLearning courses for employees? Is content creation simple? Are predefined courses included in the software?
  4. Reporting and analysis: Are reporting tools powerful, customizable, flexible, and visually appealing? Can they be used to provide employees with relevant performance metrics?

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CTA-Performance management, how to improve employee productivity Enlarge image

5 Autonomous management in the back office: Does the software enable HR managers to independently manage all functions in their back office, making them independent of technology assistance and facilitating adaptation to the specific needs of the company?

6. Usability: Is it easy to learn and use? Does the company provide adequate technical support, user assistance, tutorials and training?

7. User interface (UI): Is it aesthetically pleasing and easy to understand?

8. Integrations: Is it easy to integrate the software with other tools? Are there any predefined integrations?

9. Value for money: Is the cost proportionate to the functionality, capabilities, and use case? Are prices clear, transparent, and flexible?

Performance Management: the software platforms we will now present in this article will allow us to analyze the pros and cons of the TOP 8 next-generation software dedicated to the topic and outline a trend that is now becoming increasingly clear.

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We will examine what these tools offer, their peculiarities, areas of excellence and respective gray areas, providing a comprehensive framework to help HR managers evaluate the solutions best suited to their company’s needs to land a performance management project: next-generation software platforms.



PerformYard


:

Ideal for continuous performance review cycles

PerformYard’s performance management software offers versatility for HR teams and a smooth experience for employees. HR professionals will have the tools they need to develop any performance management approach, while employees will enjoy a simplified interface that will allow them to focus on valuable feedback and effective performance discussions.

With PerformYard, you can tailor the software to the specific needs of your organization, including 360-degree evaluations, project-based reviews, rating scales, constant feedback and structured objectives.

PerformYard facilitates the employee experience by facilitating quality feedback and meaningful dialogues. In addition, PerformYard provides a customer success manager to each customer to accompany them from introduction, to employee training, to ongoing support.

PerformYard is compatible with most major HRIS/Payroll systems, such as ADP, BambooHR, Gusto, Rippling, UKG, Paycom, Workday and Paylocity.

PerformYard pricing starts at $5 per user per month.

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Lapsome


Ideal for employee development and correlation with performance

Leapsome is an integrated platform for performance evaluation and employee engagement that supports organizations in optimizing management processes. Used by companies such as Spotify, Northvolt, and Babbel, Leapsome promotes a continuous cycle of performance appraisal and tailored learning, stimulating the growth of both people and the company.

Their 360-degree assessments are fully customizable and easy to implement. Key features include anonymous and nonanonymous feedback, competency models, development paths, automation, and advanced analytics. Leapsome’s OKR and goals module facilitates goal management at the corporate, team or personal level. With its intuitiveness and graphical representations, the tool allows you to connect the big picture to specific details, using flexible metrics, easy visualization of dependencies and goal progress, and goal maps.

“Performance management: software platforms now have AI features, processes and functions that were not even imaginable a few months ago.”

Leapsome’s employee engagement surveys help identify factors that influence engagement and monitor employee satisfaction over time. Through customized questions or predefined Leapsome templates, the tool supports the transformation of business climate into concrete actions. Key features include customizable questions, attendance, participants; segmentation by department, performance; and automated analysis.

Leapsome also offers meeting management to organize effective individual or group meetings with any member of your organization, guided by a well-structured agenda and discussion topics.

Leapsome integrates with Personio, BambooHR, HiBob, Workday, Rippling, PayFit, ADP, Active Directory, SFTP integrations, Slack, Jira, Microsoft Teams, calendar apps, and Single Sign-On (SSO).

Leapsome offers rates starting at $8/user/month (billed annually) and offers a 14-day free trial and a free demo upon request.

Performance management: the software platforms

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Motivosity


Make meritocracy public by rewarding top-performing employees

Motivosity is a cloud-based employee engagement, rewards and recognition software designed to help small and large companies track and reward outstanding performance. Its main features include social recognition among colleagues, collection of employee feedback, employee evaluation tools, and management of cash rewards and gift cards.

With Motivosity’s integrated social recognition feed, recognition of outstanding performance becomes a visible activity for all to see. Teams and HR managers can celebrate staff successes through company-wide announcements and reward employees with awards, badges, or other types of personalized recognition.

To better understand employee morale and opinions, HR managers and departments can use Motivosity’s built-in library of questions to easily create or customize employee surveys and feedback. The tool also allows users to compare historical performance data to assess progress.

Performance management: next-generation software platforms, new scenarios and opportunities for HR managers

Additional useful features include a built-in organization chart tool, which allows all staff members to view employee profiles, relevant skills and other details. The software also offers a well-designed mobile app for Android and iOS devices.

Motivosity integrates with more than 20 popular software programs, including ADP Workforce Now, BambooHR, Microsoft Azure, Microsoft SharePoint, Microsoft Teams, Okta, Paylocity, Paychex, Rippling, SAP SuccessFactors, Slack, UKG Pro, Workday, Zenefits, and others.

Motivosity offers four main products-Connect, Recognize, Lead and Listen-each with a separate price, ranging from $2 to $5 per user per month. You can request a free demo through their website.

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Trakstar


Ideal for deep customization options

Trakstar is an ideal software for organizations looking for comprehensive employee engagement and performance appraisal software, featuring a pleasant interface similar to that of some popular current social networks.

This tool allows your organization to manage performance reviews, employee engagement surveys, 360-degree/multi-assessor feedback, and goals for hundreds or thousands of employees. You can create customized assessment forms, set SMART goals, and develop flexible workflow processes based on your organization’s needs.

Despite the lack of support for third-party integration, Trakstar makes up for it with its usability and user interface. Trakstar is a simplified performance management tool without excessive complexity. Their volume discount pricing plan is suitable for small and medium-sized businesses as well as larger companies.

Trakstar integrates with Google Workspace, Okta and OneLogin.

Trakstar costs start at $4370 per year, and pricing is based on the number of employees in your organization. They offer a free live demo upon request.

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PeopleBox. Ideal for linking employee KPIs and OKRs

Peoplebox is a key objectives and results (OKR) software designed to support growing companies in building a results-focused culture by focusing on key strategic priorities. Peoplebox’s performance evaluation module was developed specifically for fast-growing start-ups and designed to be easy to use.

Their performance appraisal solution supports the human resources team in aligning group goals with the corporate mission and vision, monitoring progress, and prioritizing activities. Peoplebox is designed to make OKR setting and monitoring easy and efficient, with goal setting, progress tracking, feedback and performance analysis functions easily accessible through an intuitive dashboard. Other features include 360-degree assessments and tools for conducting meaningful 1:1 meetings to improve manager-employee relationships.

Now that you are starting to get an idea about the platforms, do you also have an idea about the performance management project?

Using Peoplebox, your human resources team can streamline the performance appraisal process to ensure perfect consistency. The software provides a dashboard for centralized goal setting and monitoring, automatically updates goal progress with native integrations, sends automatic reminders to employees and managers, and offers a real-time view of performance evaluation cycles.

Peoplebox integrates with a number of tools, including Asana, BambooHR, Google Sheets, Google Workspace, Microsoft Office, Microsoft Teams, Slack, Zoho People, and others.

Peoplebox offers three pricing plans starting at $7/user/month, but the performance evaluation feature is available only in the Premium and Enterprise packages. Nonprofit organizations and educational institutions can obtain a 30 percent discount on fee-based plans by submitting appropriate documentation. They also offer a 14-day free trial.

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ClearCompany


Ideal for streamlined human resources workflows

ClearCompany offers an easy way to consolidate all employee performance evaluation processes into one automated solution. ClearCompany’s intuitive performance evaluation software allows you to quickly configure evaluations, including custom scores, weighted sections, and free-form responses.

ClearCompany’s flat rate plan allows you to conduct all the performance evaluations you need, as often as you like, without worrying about the cost.

“Performance management: software platforms point to integration with third parties to broaden ecosystem and deployment possibilities”

ClearCompany is the ideal solution for companies based in the United States and Canada.

ClearCompany integrates with tools for assessments, background checks, calendars, job offers, payroll and benefits services, and SSO.

ClearCompany’s flat rate plan allows you to conduct all desired performance evaluations, at any frequency, without worrying about cost and with customized pricing available upon request.

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Kallidus performs


360° on the organization’s performance

Kallidus Perform is a cloud-based performance management software that provides HR professionals with a wide range of tools for performance management, goal tracking and progress monitoring. The platform was developed primarily to simplify personnel evaluation processes in medium-sized and large companies in various industries. It contributes to transparency by providing organizations with the visibility needed to manage both individual employees and teams, as well as to achieve short- and long-term business goals.

Among the many features offered by Kallidus Perform is the ability to create flexible reviews through its 360-degree feedback tool, which allows individual goals to be aligned with those of the entire organization. The 360-degree feedback tool facilitates multidimensional assessments, enabling the development of unbiased and in-depth performance measures based on input from various business stakeholders, such as managers, executives, colleagues and suppliers.

The cloud-based solution also encourages personalized development through multi-assessor assessments, which can help employees identify key areas for improvement. The information gathered from these assessments can be used to outline personalized, meaningful and detailed learning and development paths.

Implementation and revision planning are made easier through automation. Users can automate the notification process to schedule reviews, while offering the ability for participants to maintain anonymity when providing feedback to peers, managers and employees. It is not even necessary to log in to give feedback.

Human resource specialists can gain valuable information by using qualitative and quantitative data to determine training needs at the organizational level. They can also use the information gathered from the 360-degree feedback to devise an effective plan to target the enterprise’s development resources.

Prices are available upon request.

CTA-case-study-Mercedes-Trivellato-How to Create a Successful Incentive Program



Goco


Automated review management with feedback.

GoCo is a versatile and modular HR management program, providing a wide range of features to assist human resource workers. In addition to the dedicated performance appraisal module, it provides integrated solutions for recruitment, benefits management, time tracking and record keeping.

Performance appraisal tools offered by GoCo include templates for one-on-one meetings, customizable fields for performance reviews, and features for requesting 360-degree feedback from managers, colleagues, and employees. The system also provides automations to simplify review cycles, including automatic reminders for due feedback. You can use the platform to track goals, share praise or notes on employee timelines (privately or publicly) and attach official documents.

GoCo integrates with more than 30 popular applications, including learning and training platforms such as TalentLMS and Teamie, and employee engagement software such as SwagUp and Handwrytten, as well as numerous other systems.

GoCo offers pricing plans starting at $5/employee/month for core modules and a free demo upon request.

Performance Management: next-generation head-less software platforms enable never-before-seen configurations and usability.

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Monday.com.


Schedule tasks, see performances and manage Surveys easily

monday.com presents itself primarily as software for optimizing workflows in order to expand an organization, but it also incorporates a number of features intended for human resources, including a specific set of functions for performance appraisal. Although it is not an application dedicated exclusively to human resources, it proves to be a versatile tool that covers many key aspects.

Tell an extraordinary story to engage people

Among the functions offered by monday.com for performance evaluation are the ability to create surveys, tests and questionnaires to send to employees. The software also includes built-in modules that can be used for a variety of purposes within the company, which are particularly effective in performance management for collecting information on employees’ progress, their opinions and other types of feedback.

monday.com integrates with numerous project management applications, such as Slack, Google Drive, Gmail, Google Calendar, Jira, GitHub, Trello, Dropbox, Typeform and many others, accessible through a paid subscription with Zapier.

monday.com offers pricing plans starting at $8/user/month and offers a free trial.

Performance Management: next-generation software platforms are the future for full adoption by HR, marketing and sales departments.

Table-comparison-10-best-software-performance-management

Having seen the list of the best 8 software for performance management programs, it is important to emphasize the importance of user engagement for the success of such a project. Performance management is critical to the growth and development of employees and the company as a whole, but without proper user involvement, it can become an empty and ineffective activity.

Gamification, the new formula for enterprise performance management

To engage users and motivate them to participate, it is necessary to create an engaging and fantastic story that motivates them to engage to the fullest. And this is where gamification comes in, with its framework capable of creating engaging and exciting experiences, making it an ideal solution for performance management.

How to Create a Successful Incentive Program with Gamification

Gamification is a strategy increasingly used in various fields, from education to marketing, of using playful elements to engage and motivate users. Through the use of game mechanics, gamification succeeds in increasing user interest and engagement, enhancing the experience and learning, making it ideal for a performance management project.

If you want to find out more about this technique, you can click on this link to read the “Ultimate Guide to Gamification”

CTA ultimate guide on Enterprise Gamification, how to make a successful incentive project

Through gamification, in fact, it is possible to transform a performance management project into an engaging and challenging gaming experience, increasing user motivation and engagement and ensuring project success.

Performance management: software platforms with gamification now playing a key role

Here are 5 benefits that gamification can offer in a performance management project:

  1. Increased engagement: gamification offers a fun and exciting way to engage users in a performance management project, creating a sense of competition and challenge that can motivate people to actively participate.
  2. Improves retention: gamification can improve user retention in a performance management project because it makes the experience more engaging and fun, reducing the likelihood that users will tire and abandon the project.
  3. Improves data quality: gamification can incentivize users to provide more accurate and complete data as their progress is recorded and displayed in real time. In addition, gamification can incentivize users to provide constructive feedback to other users, thereby improving overall data quality.
  4. Cost reduction: gamification can reduce training and development costs of performance management programs, as users can learn by playing, without having to attend expensive training courses.
  5. Greater results: gamification can increase the effectiveness of performance management programs by increasing user participation and improving the quality of data collected, leading to better and more accurate results.

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