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25 Best Performance Management System in 2021

What is a Performance Management System?

Performance management system allows companies to carefully check which employees are keeping up with their targets and outperforming them every time. Performance management software assists in quantifying the work value exerted by an employee at a given point.

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Spine HRMS
Spine HR software is a cloud-based HR solution that consolidates payroll, compliance, and human capital management for... Read More About Spine HRMS
Payroll Management Employee Self service Employee Lifecycle Management +24 More
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ZingHR

ZingHR

By Zing Hr

(7 reviews)

PRICE ON REQUEST

ZingHR is a cloud-based hr solution, providing integrated human resource management and payroll services to enterprise... Read More About ZingHR
Time & Attendance Time & Expenses Management Employee Self service +16 More
Zoho People

Zoho People

By Zoho by Target Integration

(3 reviews)

Starting Price

₹59/Employee/Month

Inclusive of all taxes

Zoho People is a cloud-based HRM solution for small and medium businesses, helping them systemize their employee mana... Read More About Zoho People
Attendance Management Employee Self service Mobile Support +11 More
Qandle HRMS

Qandle HRMS

By Qandle

(6 reviews)

Starting Price

₹2,891/Month

Inclusive of all taxes

Qandle is a configurable HRMS software, which can be easily customized based on a company’s individual programs, proc... Read More About Qandle HRMS
Leave Management Attendance Management Payroll Management +22 More

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OfficeTimer

OfficeTimer

By InfoTimer

(3 reviews)

Starting Price

₹372/User/Month

Inclusive of all taxes

OfficeTimer is an online office management software that helps office owners to track their employees’ attendance, le... Read More About OfficeTimer
Timesheets Expenses Management Task & Management +9 More
SENSYS HRMThread

SENSYS HRMThread

By SenSys

(3 reviews)

PRICE ON REQUEST

SENSYS HRMSThread is a human resource management solution designed for companies to monitor the work of their employee... Read More About SENSYS HRMThread
Employee Database Payroll Mobile App +12 More
Keka Performance Management Software
Keka Performance Management Software is a complete Performance Management System designed to serve Startups, SMBs, SMEs... Read More About Keka Performance Management Software
Performance Management Goal Management Dashboard +7 More
Aarvi Task Management System
Aarvi Task Management System aims to simplify all business operations with a wide variety of task management tools. It... Read More About Aarvi Task Management System
Dashboard Employee Management Project Management +18 More

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PossibleWorks

PossibleWorks

By PossibleWorks

PRICE ON REQUEST

PossibleWorks is a performance management system driving high employee performances and productivity by facilitating a... Read More About PossibleWorks
Advanced Snapshots Feedbacks Performance Reviews +5 More
Akrivia HCM

Akrivia HCM

By Akrivia Automation

PRICE ON REQUEST

Akrivia HCM is a new age hire to retire platform built with a goal of creating an application with enterprise grade arch... Read More About Akrivia HCM
Employee Management Employee Onboarding Leave Management +9 More
Alt Worklife

Alt Worklife

By PeopleStrong

(4 reviews)

PRICE ON REQUEST

PeopleStrong Alt Worklife is a human resource software for organizations. It automates tedious activities such as jour... Read More About Alt Worklife
Employee Data Base Time & Attendance Workflow Management +15 More
HROne - Complete HR Software
HROne payroll software is one of the top HRMS software that helps with complete employee lifecycle management, simplifi... Read More About HROne - Complete HR Software
Employee Database Employee Lifecycle Management Attendance Management +17 More

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HRMantra

HRMantra

By HRMantra

(3 reviews)

PRICE ON REQUEST

HRMantra is one of the best HR software for employee’s time and attendance management system. It is developed a... Read More About HRMantra
AI Chatbot HRIS Performance Management +10 More
247HRM

247HRM

By Interbiz

(13 reviews)

Starting Price

₹1,179

Inclusive of all taxes

Reinventing HR Management, 247HRM saves time and increase productivity at work ascending to meet HR’s work. The so... Read More About 247HRM
Employee Self service Recruitment Management INCOME TAX & TDS +21 More
BambooHR

BambooHR

By BAMBOOHR

PRICE ON REQUEST

BambooHR is an all-in-one HR software made for small and medium businesses. This software makes it easy to gather, orga... Read More About BambooHR
Employee Records Workflow Management Reporting & Analytics +6 More
Vega HR

Vega HR

By Workfore Inc

PRICE ON REQUEST

VEGA-HR is complete end-to-end recruitment management software for hiring managers, recruiters and candidates. It is des... Read More About Vega HR
Resume Database Employee Referrals Vendor Management +13 More

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Farsight HR

Farsight HR

By FarSight Technologies

(2 reviews)

Starting Price

₹41

Inclusive of all taxes

Farsight software is HR management software that helps an organization with core HR processes like recruitment and onb... Read More About Farsight HR
Attendance Management document Management Employee Self Service Management +23 More
PeopleApex

PeopleApex

By PeopleApex

PRICE ON REQUEST

PeopleApex is a cloud-based human capital management solution for enterprises. The applicant tracking software provides... Read More About PeopleApex
Workforce Management Payroll Management Time & Attendance +20 More
UltiPro

UltiPro

By ULTIMATE

PRICE ON REQUEST

UltiPro is a cloud-based human capital and payroll management solution that aims to help enterprises in optimizing comp... Read More About UltiPro
Human Resource Management Core HCM Payroll Management +11 More
Synergita

Synergita

By Synergita

PRICE ON REQUEST

Synergita is a complete Employee Recognition Software designed to serve Startups, SMBs, SMEs and Agencies. This Employe... Read More About Synergita
Talent Management Continuous Feedback Rewards & Recognition +9 More

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Last Updated on : 31 Jul, 2021

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Buyer's Guide for Top Performance Management System

Found our list of Performance Management System helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

What is a Performance Appraisal System?

Performance management system is an IT solution devised for computerized assessment of employee’s daily work and conduct. It creates a comprehensive list of attributes based on which an employee’s performance is analysed. The performance management process usually incorporates things such as missions, goals, daily reporting, achievements, incoming, outgoing, etc.

Most Common Features of Performance Management System

Setting Dynamic Goals & Objectives: Employee performance Management Solution enables departments to communicate with HR teams to set up objectives and goals for employees to work on within a certified time frame. Their performance will be assessed based on the completion of these objectives.

Align employee goals with organization goals: Performance management software facilitates a dual progress cycle where personal goals of employee’s are noted, and it is adjusted in a way where it aligns with the organization’s objectives. This allows a cohesive progress in both the organization’s and an employee’s growth curve.

Setting clear measurements metrics: For companies to quantify something as abstract as an employee’s performance, it is required to have a strong, rigid, and a well-defined frame of reference. Various departments can set their key objectives for assessment and the scale for performance in the appraisal system and work along seamlessly.

Performance Assessment: Performance management system enables companies to track and assess the achievement of employees and keep a record of it over time for thorough evaluation during appraisal cycle.

Real-time feedback mechanism: Performance management software introduces real-time feedback system that allows managers to file employee review at any-time. It is very helpful for departments that have a daily reporting system or project-styled working. It accumulates real-time feedback to create a final comprehensive report.

Performance Review: The performance appraisal system generates a cumulative report on employee’s workflow report. The software assesses the performance based on key metrics and starts mapping their progress for the further review process and appraisal.

Achievement Recognition: A high-quality performance management software automatically highlights the high performing employees based on their regular reporting. It ensures that companies don’t skip on any employee’s contribution to the overall growth.

Creating development plans: HR teams can create plans for employee improvement through an efficient planning module. It allows companies to create developmental plans where employee’s actions are accounted for taking initiatives and solving problems.

Benefits of Performance Management System for Small Business

Time Saving: It saves time and reduces conflicts for managers in assessment of their employee’s performance.

Clearer Objective Handling: The performance management solution ensures that all members of an organization understand their goals and objectives with transparency.

Creating Opportunities: Employee performance management system assists in creating developmental opportunities for every employee. HR teams can create specialized tasks for users and track its completion through the software.

Goal Alignment: Performance appraisal system enables companies to create a flexible working system that facilitates the growth of both employees and the organization.

Out of Sight Not Out of Mind: Performance management system helps in recognizing any good performance in an organization.

Enhanced Interaction; It establishes clear-cut performance objectives by enabling an open communication and a joint dialogue.

Types of Performance Appraisal Methods

360-Degree Appraisal: This system enables companies to conduct feedback survey from employers about other employees.

Grading: Managers can perform a robust and very detailed report on employee’s performance on different attributes like communication, attention span, teamwork, initiative drive, etc.

Behaviour-oriented Appraisal: This form of appraisal system uses employee character assessment on factors such as creativity, extroversion, confidence, personality, etc.

Manager Performance Appraisal: Evaluation of department/project managers that takes feedback from both clients and team members.

General Appraisal: This draws in consistent interaction between manager and employee all year long.

Straight ranking Appraisals: Companies can assess employee performance with comparison to each other and rank it sequentially from worst to best.

Key Elements of a Performance Management Process

Here are key elements for a highly efficient performance management process:

Devising and Expectation Fixture: A first-rate Performance Management Process allows users to set the goals and targets within a defined time frame which are to be strictly followed.

Workflow Monitoring: The performance management solution enables managers and HR teams to monitor the daily work of an employee and check if they are meeting their daily targets/goals.

Developmental Potential and Range: Once the monitoring is finished, an employee performance management software analyses whether the employee is taking more initiative and taking additional side projects and work.

Timely Reporting: Based on the above-mentioned factors, the performance management process solution generates quantified reports on employee’s achievements.

Rewards and Compensation: Once the analysis is completed, performance management software helps in devising compensation and rewards for the employees based on their performance.

Performance Management System Price List In India

Performance Management System Cost
Best Performance Management System Price Ratings
Zoho People ₹59 /Employee/Month 4.6
Qandle HRMS ₹2891 /Month 4.5
OfficeTimer ₹372 /User/Month 4.4
247HRM ₹1179 4.8
Farsight HR ₹41 4.7

FAQ iconPerformance Management System FAQs

Performance management software automates such procedures as performance appraisals, evaluations and employee reviews to help companies save time as well as resources

Performance management software helps generate automatic reports for identifying top performers, note-taking and billing reporting.

Performance management systems can be used for collecting feedback on employees from clients, leadership and peers.

Performance management software uses analytics and metrics for both tracking as well as managing goals.

The business software uses manager/employee performance check-ins and pulse/custom surveys for engaging employees as well as keeping them motivated.

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