Performance management is one of the most important functions of the human resource department. HR personnel closely work with key people of every department to assess employee performance for the betterment of the staff as well as the company. Today, the HR department of most companies use performance management software to streamline this function.
What makes performance management software useful? There might be many answers to this question, but one factor that remains constant is the software’s features. Features undoubtedly determine the usefulness of performance management software. All performance management software offer a set of features that can help an organization achieve its performance goals.
While choosing software for performance management, an organization must consider the features that they require. Mentioned below are eight features to look for in performance management software. These features can help an organization improve its overall performance and productivity.
Features: The backbone of any performance management software
Top HR performance management software
The features mentioned earlier play a significant role in ensuring the efficiency of a performance management software. Therefore, as a small, mid-sized, or enterprise-class business, it is important to learn about as many performance management software as possible that will deliver the desired outcome.
Given below are seven popular HR performance management software.
Performance Pro by HR Performance Solutions
Performance Pro is a cloud-based performance management and appraisal solution ideal for companies with a strength of 50–1000 employees. This software allows users to promote performance management practices while focusing on employee development, coaching, pay-for-performance, and goal or strategy alignment.
Performance Pro offers a free demo to companies. The price of their software starts at around $16.00 per year per user. Additionally, their team provides extensive training through documentation, webinars, live online chatting, and in person interaction to ensure compatibility.
This performance management software provides features like 360-degree feedback, applicant tracking, compensation management, onboarding, performance management, and recruiting management.
Companies from the following industries use Performance Pro:
Performly Talent
Performly Talent is another cloud-based performance management software. Performly is innovative and has an interface that allows companies to adopt technologically advanced performance management practices. Thus, it can help an organization utilize their human capital productively.
As far as the competitive edge is concerned, Performly’s performance management features are based on the latest trends, which makes this brand slightly different from others in the market. Additionally, companies that believe in constant productive feedback can rely on Performly as it provides continuous feedback while focusing on the business objectives and results.
Performly Talent has a customer base that comprises of a diverse set of companies from different industries across the globe. Some key companies that use the software are into the following industries:
BirdDogHR
BirdDog HR focuses on the performance of an employee from the day they join a company by engaging with them from the start. Companies from all industries including federal contractors, technology, manufacturing, and financial services can benefit from this performance management software.
BirdDogHR comes with over a dozen features while retaining its user-friendliness. Some key features include employment branding, goal monitoring, skill development, gap identification, scorecards, knowledge management, and performance management.
BirdDogHR has received great satisfaction ratings from companies like Zachry Group, Leopardo, Bison, SpawGlass, and more. Some other companies that use BirdDogHR belong to the following industries:
TowerMetriX
Communication is key when it comes to productive feedback. TowerMetriX provides tools for performance management as well as a comprehensive set of communication capabilities that can help an organization maintain an open communication channel between the employees, managers, team leaders, and more. An efficient communication channel can lead to the empowerment of teams within the organization and increase transparency among employees and their managers.
Furthermore, to make the most of any given performance management software, companies need to focus on continuous learning and employee growth. Features that come with TowerMetriX enable a company to consistently pay attention to all aspects of learning and growth.
Some customers of TowerMetriX include Derry Township School District, Helios HR, Meadows Casino, and The Rhodes Group. Some other industries which employ the services of this HR performance management software are:
Workday Human Capital Management
Workday offers performance management under its Human Capital Management suite. It provides organizations with real-time insights, predictive analysis, and global visibility. One of the best features of this software is its ease of use as most of its tools are self-explanatory. Easily fetchable embedded reports is another feature of this software that allows users to analyze employee performance.
Additionally, organizations can be sure that the information they enter in the software remains secure as Workday partners with the most reliable and secure providers of data-centers.
Some popular companies that trust Workday’s enterprise cloud suite for performance management include Netflix, Hewlett Packard Enterprise, Sanofi, Abbott, Bank of America, and TripAdvisor.
Workday has a customer base from many different industries like:
TalentGuard Performance Management
This HR performance management software is designed to help small and mid-sized organizations assess, manage, develop, effectively lead, and reward employees. Additionally, the software offers services where the management can evaluate employee performance based on their competency, role-based skills, their development goals, and career objectives.
An interesting fact about TalentGuard Performance Management software is that its design allows the user to create customized assessments that specifically focus on behavior, career and succession paths, job responsibilities, and development plans.
Some of the companies that use TalentGuard’s performance management software include Central City, Endsight, INTEC GROUP, Shaw Sports Turf, Vertech, and more.
TalentGuard has a customer base from many different industries such as:
SAP SuccessFactors
This performance management software created by SAP is designed keeping in mind the comprehensive needs of small and mid-sized businesses. The same software can be used by enterprise-class organizations as well.
SuccessFactors helps an organization with talent solution, collaboration, streamlining core HR functions, and workforce analytics. Thus, it can collectively improve and manage the overall performance of an organization. Furthermore, SuccessFactor throws light on the biggest challenges the organization faces and provides end-to-end integrated business solutions to those challenges.
Some popular companies using SuccessFactors are Accenture PLC, Aasonn LLC, Love’s Travel Stops & Country Stores, Cascades Inc, and ARM Holdings. Industries that use SuccessFactors are mentioned below.
Each software mentioned above has its own unique selling point and advantages that cater to a given type of organization. Reading the feedback and testimonials of customers can help an organization make a buying decision.
A look at the pros and cons
Learning about the advantages and disadvantages of performance management software is just as important as knowing about their features. Therefore, here are a few pros and cons of utilizing a performance management software that will help an organization make a sound decision:
Pros
Cons
Trends in performance management software
Trends are important in the world of business. Companies looking for performance management software should be well-versed with the latest trends to ensure they stay ahead in their game. Below are seven performance management trends that every company and software maker should know about.
The take-back
Performance management is critical for the success of any organization. Therefore, every organization must put a lot of thought into choosing a software for managing the performance of their employees.
It is important for companies to learn more about the latest trends and predictions related to performance management software. Additionally, looking for features that follow these trends will help a company stay ahead of its competitors by ensuring optimal employee performance.