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!

Buyers Guide Content

  1. What is a Performance Appraisal System?
  2. Most Common Features of Performance Management System
  3. Benefits of Performance Management System for Small Business
  4. Types of Performance Appraisal Methods
  5. Key Elements of a Performance Management Process

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.

Author: Kalpana Arya

Best Performance Management System in 2023

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(Showing 1 - 20 of 36 products)

Keka Performance Management Software

Keka Performance Management Software

By Keka


4.5 (1 reviews) Write a Review

Starting Price


Keka Performance Management Software is a complete Performance Management System designed to serve Startups, SMBs, SMEs... Read More About Keka Performance Management Software



By Synergita Software Private Limited

5.0 (1 reviews) Write a Review

Starting Price


Synergita is an award-winning performance management, employee engagement, and OKR software. The software helps organis... Read More About Synergita

Zimyo HRMS

Zimyo HRMS

By Zimyo


4.4 (12 reviews) Write a Review

Starting Price


Zimyo is an Employee Experience Platform that offers robust HRMS modules for both HR managers and employees. The HR man... Read More About Zimyo HRMS

Best Seller
Farsight HR

Farsight HR

By Farsight Technologies


4.8 (10 reviews) Write a Review

Starting Price


Farsight software is HR management software that helps an organization with core HR processes like recruitment and onbo... Read More About Farsight HR

Q1 - What are the benefits of using performance management system?

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

Q2 - Does performance management system help generate automatic reports?

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

Q3 - Can I use performance management system for collecting feedback?

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

Q4 - How does performance management system help with goal tracking?

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

Qandle HRMS

Qandle HRMS

By Qandle

4.6 (6 reviews) Write a Review

Starting Price


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



By Tamba Solutions

4.8 (3 reviews) Write a Review

Price On Request

GoForHR is a comprehensive HR solution developed for small and medium sized businesses to manage and streamline all co... Read More About GoForHR



By PossibleWorks

4.7 (4 reviews) Write a Review

Price On Request

PossibleWorks is an enteprise performance management system, which includes modules for performance appraisal, feedback... Read More About PossibleWorks



By Zing Hr

4.3 (2 reviews) Write a Review

Price On Request

ZingHR is a cloud-based hr solution, providing integrated human resource management and payroll services to enterprise... Read More About ZingHR



By InfoTimer

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OfficeTimer is an online office management software that helps office owners to track their employees’ attendance, le... Read More About OfficeTimer

Zoho People

Zoho People

By Zoho Corporation

4.6 (3 reviews) Write a Review

Starting at


Zoho People is a cloud-based HRM solution for small and medium businesses, helping them systemize their employee mana... Read More About Zoho People

Aarvi Task Management System

Aarvi Task Management System

By Aarvi Technology

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Price On Request

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

Akrivia HCM

Akrivia HCM

By Akrivia Automation

5.0 (1 reviews) Write a Review

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

Alt Worklife

Alt Worklife

By PeopleStrong

4.4 (4 reviews) Write a Review

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



By HRMantra

4.5 (4 reviews) Write a Review

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



By Interbiz Solutions LLP.


4.9 (12 reviews) Write a Review

Starting Price


The Ultimate HR Partner provides a holistic HCM solution for organizations. 247HRM brings in visibility, accountability... Read More About 247HRM




4.8 (1 reviews) Write a Review

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

Vega HR

Vega HR

By Workforce

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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



By PeopleApex

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Price On Request

PeopleApex is a cloud-based human capital management solution for enterprises. The applicant tracking software provides... Read More About PeopleApex




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UltiPro is a cloud-based human capital and payroll management solution that aims to help enterprises in optimizing comp... Read More About UltiPro

Cornerstone PMS

Cornerstone PMS

By Cornerstone

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Cornerstone Performance Management Software is a complete Performance Management System designed to serve Startups, SMBs... Read More About Cornerstone PMS

Last Updated on : 09 Jun, 2023

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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Performance Management System Price List In India

Performance Management System Cost
Best Performance Management System Price Ratings
Keka Performance Management Software ₹6999.00 /Month 4.5
Synergita ₹360.00 /Year 5
Zimyo HRMS ₹2542.37 /Month 4.4
Farsight HR ₹1750.00 /Month 4.7
Qandle HRMS ₹2450.00 /Month 4.5
247HRM ₹1999.00 4.9

Performance Management System Reviews


Ridhi Arora linkdinverify

review for Keka Performance Management Software


"Very utaliseful software, it has solved our major problem to gather the data at one place in easiest way."

See All Keka Performance Management Software Reviews


Rubina Fatima

review for Zimyo HRMS


"I was having a very tough time to select the best software.. but after comparing many other database I found this great tool."

See All Zimyo HRMS Reviews



review for Farsight HR


"This system helps us to manage the applicants data at one placed. It is very easy to track the recruiters activities."

See All Farsight HR Reviews



review for Qandle HRMS


"Qandle offers access to insightful data for better decision making. I now very frequently use these metrics for taking business decisions accordingly."

See All Qandle HRMS Reviews


Vinay Gopalakrishna

review for GoForHR


"I like the way that information is managed and can be brought up in a wink of an eye"

See All GoForHR Reviews

FAQs About Performance Management System

Q5 - In what ways, performance management system assists with employee engagement?

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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