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10 Performance Management Tools Every HR Pro Should Know

Best Performance Management Tool List

Here’s my shortlist of the best performance management software systems that I’ll cover in this article:

  1. Trakstar

    Best for deep customization options

  2. ClearCompany

    Best for simplified, automated HR workflows that are easy to use

  3. Leapsome

    Best for employee development-oriented performance management

  4. Kallidus Perform

    Best comprehensive enterprise performance management

  5. monday.com

    Best for gathering performance management feedback via integrated forms

  6. Primalogik

    Best for collecting and analyzing 360 degree feedback

  7. GoCo

    Best for automating performance review cycles and feedback reminders

  8. Mirro

    Best for peer-to-peer recognition

  9. PeopleFluent

    Best for scalability

  10. bob

    Best for continuous feedback and deep HR analytics

True performance management is much more than an annual performance review.

Rather, it should be a continuous process with regular check-ins between managers and their team members that lead to better feedback, coaching and, hopefully, improved performance and goal management.

Effective performance management requires work, but there are a number of tools available to help you with your performance management at the individual, team, and organizational levels.

Performance Management Tools: Comparison Criteria

Wondering what we look for when selecting the best performance management tools for review? Here’s a summary of my evaluation criteria:

  1. User Interface (UI): Is it clean and attractive?
  2. Usability:  Is it easy to learn and master? Does the company offer good tech support, user support, tutorials, and training?
  3. Features & Functionality:
    • Review and Feedback - Are there pre-built employee evaluation templates to help with the review process? Is the employee performance review engaging and flexible? Are there employee recognition tools to positively call attention to top performance?
    • Training & eLearning - Does the software have the means to create and implement training/eLearning courses for employees? Is content creation easy? Do any courses come with the software?
    • Improvement Plans - Does the software have the capability to design and execute performance improvement plans? Does it offer templates with which to do so?
    • Reporting and analytics - Are the reporting tools robust, customizable, flexible, and visually appealing? Can they be used to provide employees with relevant performance metrics?  
  4. Integrations: Is it easy to connect with other tools? Are there any pre-built integrations?
  5. Value for $: How appropriate is the price for the features, capabilities, and use case? Is pricing clear, transparent, and flexible?

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Overviews of the 10 Best Performance Management Tools

Keep reading to get a basic outline of each of the top performance management tools on this list. I will go over their strengths and weaknesses as well as general features and software pricing. 

1

Trakstar

Best for deep customization options

Trakstar is for organizations interested in comprehensive performance appraisal and employee engagement software that comes with an interface that’s easy on the eyes and looks quite like some of today’s social networking sites.

Trakstar helps your organization manage performance reviews, employee engagement surveys, 360-degree/multi-rater feedback, and goals across hundreds or thousands of employees. You can also build customized appraisal forms, set SMART goals, and create flexible workflow processes to meet the needs of your organization.

What Trakstar lacks in third-party integration support it makes up for in usability and UI. Trakstar is a streamlined performance management tool without all the fluff. They can accommodate SMBs and enterprises with their volume-discount pricing plan.

Trakstar integrates with Google Workspace, Okta, and OneLogin.

Trakstar costs from $4370/year and is priced based on the number of employees at your organization. They offer a free live demo upon request.

Free demo available

Pricing upon request

2

ClearCompany

Best for simplified, automated HR workflows that are easy to use

ClearCompany is an easy way to bring all of your employee performance review processes into a single, automated solution. ClearCompany's easy-to-use performance review software lets you quickly set up reviews, including custom scoring tables, weighted sections, and free-form responses.

ClearCompany's flat-rate pricing model allows you to send as many performance reviews as you need, as frequently as you need, without worrying about price.

ClearCompany is best for companies based in the U.S. and Canada.

ClearCompany integrates with tools for assessment tests, background checks, calendars, job postings, payroll and benefits, and SSO.

ClearCompany's flat-rate pricing model allows you to send as many performance reviews as you need, as frequently as possible, without worrying about price and customized pricing available upon request.

Free demo available

Pricing upon request

3

Leapsome

Best for employee development-oriented performance management

Leapsome is an all-in-one performance management and employee engagement tool that helps organizations enhance their management processes. Chosen by companies like Spotify, Northvolt, and Babbel, Leapsome enables a continuous cycle of performance management and personalized learning that powers the growth of your people and business.

Their 360-reviews are fully customizable and easy to set up. Highlights include anonymous/non-anonymous feedback, expert templates, skill frameworks, development paths, automations, and powerful analytics. Leapsome's OKRs & goals module helps you manage objectives at the company, team, or individual level. Thanks to its ease of use and intuitive visuals, the tool helps you connect the big picture to the tiny details using flexible metrics, easy visualization of dependencies and goal progress, and goal trees.

Leapsome's employee engagement surveys can identify engagement drivers and measure your employees‘ satisfaction over time. Whether through custom questions or Leapsome's expert templates, the tool helps you turn company sentiment into action. Key features include customizable questions, frequency, participants; segmentation by department, performance; and automated analytics.

Leapsome also offers meeting management to conduct effective 1-on-1s or team meetings with any employee in your organization, driven by a well-structured agenda and talking points.

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 costs from $8/user/month (billed annually) and comes with a free 14-day trial as well as a free demo upon request.

14-day free trial

From $8/user/month

4

Kallidus Perform

Best comprehensive enterprise performance management

Kallidus Perform is a cloud-based performance management solution that offers a wide variety of performance management, objective, and progress tracking tools for HR professionals. The platform is primarily designed to facilitate the employee appraisal requirements of medium- and large-sized businesses across different industries. It promotes transparency by giving companies the visibility they need to manage individual workers, and teams, as well as their short- and long-term organizational objectives.

One of Kallidus Perform’s many features is the ability to create flexible reviews through its 360-feedback tool, which enables the alignment of individual objectives with organizational goals. The 360-feedback tool allows for multi-dimensional reviews by enabling the creation of unbiased and detailed performance measurements based on multiple contributions from company players such as managers, senior executives, peers, and suppliers.

The cloud-based solution also promotes personalized development through multi-rater reviews, which can help guide employees in identifying key areas for improvement. The insights gained from such reviews can then be leveraged to map meaningful and detailed personalized learning and development pathways.

The implementation and scheduling of the reviews are made easy through automation. Users can automate the notification process for scheduling reviews, while also giving responders the option to remain anonymous when giving feedback to their colleagues, senior leaders, and subordinates. They don’t even have to log in to provide feedback.

HR professionals can gain actionable insights by using qualitative and quantitative data to determine organizational training requirements. They can also use the insights obtained from 360-feedback to come up with an effective plan to direct the company’s development resources.

Pricing available upon request.

Free demo available

Pricing upon request

5

monday.com

Best for gathering performance management feedback via integrated forms

monday.com is marketing mainly as a workflow tool for scaling an organization, but they've also built in a number of HR features, and specifically, some features for performance management. It's not a pure HR tool but it's a useful tool with a lot of the basics.

Some of the features monday.com offers for performance management is the ability to make surveys, tests and quizzes, and send these to employees. It also has integrated forms in the software, which can be used for anything in your company, but it's especially useful in performance management to gather information about employee progress, opinions, and other types of employee feedback.

monday.com’s integrations include project management apps like Slack, Google Drive, Gmail, Google Calendar, Jira, GitHub, Trello, Dropbox, Typeform and many more, accessible through a paid plan with Zapier.

monday.com costs from $8/user/month and offers a free trial.

14-day free trial + freemium plan available

From $10/user/month

6

Primalogik

Best for collecting and analyzing 360 degree feedback

Primalogik’s employee performance management software includes a wide range of features that foster employee engagement and empower managers and their employees to reach their full potential. Through a combination of performance review assessments, 360-degree feedback, engagement surveys, employee goals and OKRs (objectives and key results), and instant feedback including 1:1 check-ins, Primalogik helps employees gain insight into their individual performance and uncover areas to make small improvements.

Their 360-degree feedback module makes it easy to solicit feedback from multiple sources. Admin users can select their own rating scales for their evaluation questionnaires, and determine the level of anonymity that will be applied to the feedback. Advanced features in this module include the option for managers and admin staff to launch feedback requests about their employees and solicit responses from specific co-workers, automatic reminders to provide feedback by a certain date, and real-time feedback tracking.

Once employee feedback is in the system, Primalogik has several tools to support deep analysis of the data. For example, their system allows managers to compare employees’ self-ratings side-by-side against other respondent's feedback. This helps identify any blindspots between where an employee believes they are, and what their co-workers have suggested. As well, their Comparison Mode allows admin users to benchmark each employee appraisal and compare them across their workforce — a useful way of identifying their overall top performers or spotting potential company-wide skill gaps.

Primalogik integrates with ADP, BambooHR, Google Workspace, Microsoft Azure, and Okta. Their performance management software is also available in Spanish or French.

Primalogik costs from $159/month for up to 25 users and offers a 30-day free trial or a free demo.

30-day free trial

From $159/month for up to 25 users

7

GoCo

Best for automating performance review cycles and feedback reminders

GoCo is a flexible and modular employee management software with a wide variety of features to support HR professionals. In addition to their performance management module, they also provide integrated solutions for onboarding new staff, administering benefits, tracking time & attendance tracking, and hosting a document repository.

Their performance management tools include 1:1 check-in templates, dynamic performance review fields you can customize, and tools to request 360 degree feedback from managers, peers and employees themselves. Their system also includes automations that run your review cycles effortlessly, including automatic reminders for feedback that’s overdue. You can also use their system to track goals, and post praises or notes on employee timelines (either shared or private) and attach official documents.

GoCo integrates with 30+ popular software systems including learning & training systems like TalentLMS and Teamie, and employee engagement software like SwagUp and Handwrytten, plus many other systems.

GoCo costs from $5/employee/month for their core modules and offers a free demo.

Request a free demo

From $5/employee/month

8

Mirro

Best for peer-to-peer recognition

Mirro is a cloud-based performance management software tool that enables you to set and track OKRs. It is best suited to goal-oriented companies that want to develop a transparent, people-first culture.

Mirro lets you praise, endorse, and celebrate team members both in private or in public. It also comes with features that allow users to ask for feedback anytime from anyone. Over time, users can see how far they've come and what they've accomplished in a personal view of their development. Mirro also allows you to see how team members are interacting with their peers and managers and lets you take the necessary steps for improvement.

From the onboarding check-in to the exit interview, Mirro provides a complete hire-to-retire trackable and actionable experience, publicly congratulating users for each milestone passed and each achievement unlocked.

Mirro integrates with tools such as Slack, Google Calendar, Google Sheets, Salesforce, and more.

Mirro costs from $5/user/month.

From $5/user/month

9

PeopleFluent

Best for scalability

PeopleFluent is a set of digital tools designed to give structured feedback, measure performance based on preset qualifications, and achieve present goals. Features include robust goal setting, objectives, and competency management, and dynamic, continuous feedback.

This software does one thing really well: being able to create custom performance plans and workflows and offering high levels of flexibility, like the ability to move reviews ahead or backward in the workflow chain as needed.

The PeopleFluent LMS can integrate with any third-party systems via APIs. There is a built-in mechanism to allow real-time data import and export through the APIs, which are HTTP-based, and make use of widely-supported web data formats such as XML, JSON, Atom, and RSS.

People Fluent has a bit of a steep learning curve, as seen even in their integration options, all of which require some level of coding skill. This software lost a few points in the Usability segment of the evaluation criteria because of this.

PeopleFluent offers pricing upon request and has a free demo.

30-day free trial + free demo

Pricing upon request

10

bob

Best for continuous feedback and deep HR analytics

Bob (also known as “HiBob”) is a human resource information systems (HRIS) with a fun, engaging and social media-like user interface. Their well-rounded HR system includes modules for core HR data management, performance management, time and attendance, paid time-off tracking, compensation, analytics and more.

Key features within Bob’s performance management software include the ability to customize and duplicate review cycles quickly and easily, tools to set clear and actionable goals and employee growth plans, and 360 degree feedback from managers, direct reports, and the employee themselves. Bob’s performance module also facilitates regular 1:1 check-in meetings using pre-loaded yet customizable templates to help instill a culture of continuous feedback and employee growth through small improvements.

With Bob acting as your single source of employee data—including work history and pay related information—it’s easy to pull up a full picture of your employee’s work history and link it to their performance reviews, while also planning their future trajectory with your company. HR teams can also analyze company-wide performance data in one aggregated view to spot any trends between different managers or departments.

Bob integrates with 40+ commonly used software applications, including Google Suite, Microsoft Teams, Slack, and Zapier, as well as popular learning and development platforms like 360Learning, Auzmor, Go1, HowNow, Learnster, Learn Amp, Zavvy, and others. They also have a full-feature mobile app for Android and iOS users too.

Bob offers pricing upon request, and a free demo.

Free demo available

Pricing upon request

Best Performance Management Tools Summary

Tool Free Option Price
1
Trakstar

Best for deep customization options

Free demo available

Pricing upon request Visit Website
2
ClearCompany

Best for simplified, automated HR workflows that are easy to use

Free demo available

Pricing upon request Visit Website
3
Leapsome

Best for employee development-oriented performance management

14-day free trial

From $8/user/month Visit Website
4
Kallidus Perform

Best comprehensive enterprise performance management

Free demo available

Pricing upon request Visit Website
5
monday.com

Best for gathering performance management feedback via integrated forms

14-day free trial + freemium plan available

From $10/user/month Visit Website
6
Primalogik

Best for collecting and analyzing 360 degree feedback

30-day free trial

From $159/month for up to 25 users Visit Website
7
GoCo

Best for automating performance review cycles and feedback reminders

Request a free demo

From $5/employee/month Visit Website
8
Mirro

Best for peer-to-peer recognition

Not available

From $5/user/month Visit Website
9
PeopleFluent

Best for scalability

30-day free trial + free demo

Pricing upon request Visit Website
10
bob

Best for continuous feedback and deep HR analytics

Free demo available

Pricing upon request Visit Website

Other Performance Management Tools

Still haven’t found the right performance management tool for your team? Here are some performance management software options that didn’t make the top 10 list but still deserve a special mention. Check them out!

  1. Betterworks

    Best performance management for enterprises

  2. Ascender HCM

    Best personally-tailored development plans

  3. Teamflect

    Best integration with Microsoft Teams

  4. Kazoo

    Best for employee growth plans

  5. Lattice

    Best for incorporating multiple feedback sources

  6. ClickUp

    Best for managing team performance via goals and weekly scorecards

  7. 15Five

    Best overall performance management solution

  8. PerformYard

    Best for customized performance review processes

  9. Profit.co

    Best agile performance management software

  10. Eden

    Best performance management tool for hybrid workforces

Related Read: 10 Best Succession Planning Software To Develop Future Leaders In 2023

Performance Management FAQ

Here are some answers to frequently asked questions related to performance management processes and appraisal software.

Additional Resources

Want more insights into the talent management process? Here are some other key resources to help you out:

  1. Performance software is often accentuated by OKR software (objectives and key results), so you know what to align goals around. Take a peek at our Top 10 OKR Software To Jumpstart Your Business.
  2. You can also find performance management modules in a lot of larger software suites designed for larger HR departments—check out our list of the 10 Best Talent Management Systems.
  3. Did you know that employee engagement is a huge factor in employee performance? Check out our list of the 10 Best Employee Engagement Software for a happy workplace.

Additional resources you'll want to read:

What Do You Think About These Performance Management Tools?

Have you tried out any employee performance evaluation vendors listed above? What performance management software company do you prefer during your day-to-day? Let us know in the comments.

If you're not quite ready to take the plunge on performance management software, here's something else we can help with: How To Optimize Your Performance Management.

Need Expert Help Selecting The Right Performance & Appraisal Software?

People Managing People has joined forces with the software comparison platform Crozdesk.com to assist you in finding the best tool for your needs. Crozdesk’s Performance & Appraisal Software advisors can create a personalized shortlist of software solutions with unbiased recommendations to help you identify the solutions that best suit your business's needs. Through our partnership you get free access to their bespoke software selection advice, removing both time and hassle from the research process.

It only takes a minute to submit your requirements and they will give you a quick call at no cost or commitment. Based on your needs you’ll receive customized software shortlists listing the best-fitting solutions from their team of software advisors (via phone or email). They can even connect you with your selected vendor choices along with community negotiated discounts. To get started, please complete the form below:

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By Tim Reitsma

Tim is the co-founder and General Manager of People Managing People, an online publication focused on building a better world of work. He is experienced with people & culture, leadership, business strategy and operations with a focus on building great teams who are excited about their craft and their organization. With over 15 years of leadership experience, Tim has always been guided by his core values: faith, family, curiosity, and fun. He is a coach, mentor, speaker, advisor, and an active volunteer in his community. Tim loves spending time outdoors with his wife and two kids as well as mountain biking in the north shore mountains.