Best Performance Appraisal Software

Best performance appraisal software are Keka, HRMantra, and WalletHR. With these applications, managers and HR can easily track the performance of every employee, create goal sheets, track their responses, and even give them ratings which are then displayed on every employee’s profiles.

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List of 20 Best Performance Appraisal Software

Showing 1 - 20 of 63 products

Contenders | 2024

Employee Performance Management Made Easy

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Primalogik 360 is an easy online system and complete employee performance management software. It is communication more frequently and permitted to comment regarding performance evaluation. 360-degree evaluations are consistent with evidence that employee performance varies across contexts.   Learn more about Primalogik

Contenders | 2024

Create quick and reliable 360 evaluations with hig

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Mercer Mettl 360 View is a secure, cloud-based platform designed to streamline the process of administering 360-degree feedback for organizations of any size. Its fully customizable features empower businesses to gather comprehensive feedback for all their employees effortlessly. Learn more about Mercer | Mettl 360 View

Contenders | 2024

Build conversational surveys of any type, for any

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SurveySparrow turns surveys into conversations. With a conversational interface, SurveySparrow enables users to create & share highly engaging surveys that offer a chat-like experience. 14 day free trial is available. Learn more about SurveySparrow

Category Champions | 2024

Complete employee experience platform

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Keka is an employee experience platform. The only HR & Payroll software that is employee centric. Unlike traditional HR systems, they are a modern new generation platform focused on user experience and simplifying complex workflows. For any employee-centric company, managing the HR, Payroll, and Talent Management is the key activities. Learn more about Keka

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Category Champions | 2024

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We are a focussed time management software solution provider for corporate. We offer end to end HR solution from recruitment to retirement covering entire employee life cycle in an organisation. Our solution can be delivered as a product that can be used by the customer at his location. Best for large, medium & small business HR software Learn more about Wallet HR

Category Champions | 2024

Best Performance Appraisal Software

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The most flexible & powerful Performance Mgmt Software, period. Continuous Feedback, Scheduled Appraisals, 360 Degree Reviews, anonymous Upward Feedback, Goals, Competencies, OKRs & so much more. Too good to be true? See for yourself but get ready to be blown away. Learn more about Qandle

Category Champions | 2024

World's Most Powerful HR and Payroll Software

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HRMantra is the World's most feature rich HR and Payroll software helping automate the most complicated of hire to retire HR processes easily using its CRORES of ready to use features. It saves 30 min per emp per day giving over 10 times ROI. 100% project success assured. Learn more about HRMantra

Category Champions | 2024

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Online Human Resources Information System (HRIS) and the best employee onboarding software that makes time for the work you were meant to do. But change can be hard. BambooHR guarantees your success when changing from spreadsheets to our intuitive online HR software. Learn more about BambooHR

Category Champions | 2024

India’s Most Popular HR & Payroll Software

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HROne is owned by Uneecops group, a 60+ Million fast-growing conglomerate with 09+ offices in the country employing 700+ smart professionals. It is a veteran business automation and services provider with 20+ years of profound experience. Learn more about HROne

Category Champions | 2024

Software by Zoho Corporation Pvt. Ltd.

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Zoho People is a Time Management Software and cloud-based HR software that's crafted to automate your HR processes while also focusing on your most important assets - your people. Designed for small, medium and enterprise businesses,  Learn more about Zoho People

Emergents | 2024

Grow your people, grow your business.

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Impraise makes easy-to-use performance management software for people to accelerate their performance and professional growth. Through real-time feedback, reviews, goals, check-ins, and insightful analytics, Impraise unleashes the potential of your people. Learn more about Impraise

Category Champions | 2024

Manage and engage your workforce wherever they are

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Sage HR is fast-becoming 1 HRIS software in staff leave and employee database management. By reducing the overhead time and money spent on paper chasing employees' leave requests, Sage HR helps you to solve your HR challenges and let’s you to focus on building your business! Learn more about Sage HR

Contenders | 2024

Best for customised performance reviews & OKRs

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Peoplebox is a new-age performance management platform that enables HR leaders to play strategic roles by connecting people & business strategy. Learn more about Peoplebox

Contenders | 2024

Work Management & Performance Tracker

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TrackHr is here to help you manage your business efficiently. With a growing business and expanding teams, the challenges to organize tasks and manage time to address wastefulness and inefficiencies also increase. TackHr solves all your business-related problems. Learn more about TrackHr

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A complete HR solution that improves end to end em

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Suite of human capital management applications: HR, benefits, payroll, performance and talent management, suitable for midsize and enterprise customers with 1000+ employees. Learn more about Oracle Fusion Cloud HCM

Simple employee evaluation software anyone can use

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Trakstar is a web-based Human Resources software. Very helpful to build a productive organizational culture. Includes powerful functionality like Appraisal management, Reporting, Performance Ranking, Goal management etc. Learn more about Trakstar Perform

Contenders | 2024

Global HR Software to Automate Your Processes

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ClayHR is an AI-enabled cloud-based HR software for global organizations. It offers centralized employee records, employee onboarding/offboarding, time & attendance management, asset management, with a presence in over 160 countries. Learn more about ClayHR

Category Champions | 2024

A Cloud based Performance Management Software

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Synergita is a cloud-based, continuous employee performance management software. It automates employee talent data, employee goals alignment, continuous employee performance reviews & feedback, employee engagement, employee development & retention. It is extremely simple and easy to use. Learn more about Synergita

Contenders | 2024

Performance Review, Appraisal & Continuous Feedbac

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An OKR driven agile Performance Management Software for Performance Reviews, Appraisals and Continuous Feedback. Align employee goals and performance to organizational objectives: OKR Goals, 360 Feedback, Chat based Interface, Competency driven. Learn more about PossibleWorks

Emergents | 2024

Software by Insperity Business Services L.P

Product Description

Insperity is the greatest solution for performance management. It helps to remove all the obstacles of business. Guide the employees to improve the performance to drive the business on top from the rivals. Learn more about Insperity

performance appraisal software guide

What is Performance Appraisal Software?

Performance appraisal software is used in organizations to give appraisals to all employees based on their recorded performances. The software comes in various forms and can track everyday performance and provide insights according to the rules and responsibilities of a particular individual employee.

Performance appraisals include comparisons of the employee’s performance and work behaviour with preset standards, the results of which are provided as feedback for the employee. According to Clutch HR Employee Feedback Survey 2016, 68% of employees who receive accurate & consistent feedback feel fulfilled in their jobs. 

Performance appraisal systems fall under the category of performance management software and these platforms are usually used in conjunction with each other. 

Features of Performance Appraisal Software

The following are the top 5 features that every employee evaluation software worth its salt must have:

features of performanceappraisal software

  • Customizable Performance Review Forms:

    The perfect performance appraisal software offers bespoke & customizable performance review forms instead of following a cookie-cutter approach. 

  • Goal Management Tool:

    A well-planned goal management tool runs throughout the performance cycle which helps to maintain strong alignment between employee performance and the company’s goals and targets. 

  • Journal Entry/Notes Tool:

    It is an especially useful feature not just for managers but also for their direct reportees as it helps to keep both parties informed and engaged in ongoing communication about goals, action items, areas for improvement, training and developmental matters, etc.

  • eSignatures and Automated Notifications:

    These features enhance compliance, facilitate administrative actions and maximize convenience all of which translate into greater software efficiency and usability.

  • Performance insights:

    An ideal performance management tool needs to offer an accurate, real-time insight into the performance, skills, and development needs of the workforce.

Benefits of Using Performance Appraisal Software

Performance review software can help to improve the efficiency and accuracy of employee performance reviews within an organization, so this software may be a valuable addition to an existing HRIS (Human Resource Management System) or be of critical consideration while selecting a new HRIS.

benfits of performance appriasal software

  • Increased motivation & satisfaction levels:

    It can have a profound effect on the levels of employee motivation and satisfaction. Since both managers and employees can use the tool, it is easier to keep track of overall productivity required for gaining an appraisal. This provides employees willing to go the extra mile with recognition for their hard work and efforts.

  • Training & Development:

    The managers can easily access detailed employee information like job history, projects worked, benefits, and salary. By looking at more specific data, like the number of hours spent, the number of projects completed, and types of projects finished, managers and HR personnel can help nurture employees in fields they might be good at. This ensures that your firm recognizes and agrees upon individual training and development needs, which is a key factor for any good employee wanting to make a career in your firm.

  • Recruitment & Induction:

    Appraisal data obtained from these performance software applications can be used for monitoring the success of an organization’s induction and recruitment practices. For example, how well are the employees performing who were hired in the past year? This data can also be used for monitoring the effectiveness of different recruitment strategies. 

Types & Cost of Performance Appraisal Software

If you are looking for a ballpark figure of the various performance appraisal software, we can help you out by sharing price models according to software types. 

types of performance appraisal software

  • Pay-per-user:

    With this model, you’ll be paying a monthly fee for each “user” on the system.  Typically performance appraisal vendors define a user as an employee that is registered on the software, though inactive employees are often not counted.  Many times this model will also include a setup or implementation fee, and training or support can be extra. 

    Price range: $3-$10/user/month, with setup fees in the $800-$1,500 range.

  • Pay-Per-Employee:

    The major difference between this model and the pay-per-user model is that here you will pay for an employee whether they are registered in the system or not.  This is usually compensated for by lowered per-unit pricing but these solutions may still have one-time setup fees or extra costs for support and training.

    Price range: $1.50-$5/employee/month, implementation fees can range from $800-$2,000 one time.

  • Pay-Per-Appraisal:

    This typically involves paying a one-time for individuals or packs of employee evaluations.  There are rarely any setup fees with this model and, as the number of appraisals purchased increases, the per-unit cost goes down.

    Price range:  $15-$40/appraisal.

Industries Using Performance Review Software

The following industries make use of employee appraisals software:

industrial uses of performance review software

  • IT industry:

    Companies such as Deloitte India, Accenture are focussed on fuelling future performance for which they have incorporated the use of 360-degree feedback software. This offers the staff real-time performance feedback from the team leader and is characterized by speed, agility while following the one size fits one approach. 

  • Banking:

    Axis Bank, for instance, is focussed on creating a more inclusive performance culture. Axis has introduced the enhancement program to encourage employees to take on stretch targets to get an upgrade in their rating.

  • Pharmaceuticals:

    Pharmaceutical companies such as Sun Pharma believe in achieving long-term professional growth & development. They adopted PRIDE as the new global performance management process, thereby enabling employees to perform, reflect, invest, develop and excel.

Why is Conducting a Performance Appraisal so Difficult for Managers?

Here are some of the reasons that can cause managers to face problems during performance appraisals:

  • Not investing enough time to set deliverables:

    One of the most important things to do is laying down deliverables right at the beginning of the review period. Sit down with your team members individually and assign them their key result areas (KRAs) in separate meetings. Pay attention to their strengths and weaknesses and push them to do their best. 

  • Being unapproachable:

    Your words of motivation go a long way in determining employee’s performance. However, if you are unapproachable, either because you're always in and out of meetings or traveling a lot, they naturally fear performance appraisals because of the absolute lack of interaction. Since there's no professional rapport, it is but natural for them as well as you to be a little worked up.

  • Being afraid of giving negative feedback:

    If you are one of those managers who have trouble giving negative feedback, try focussing on employee’s achievement and then dish out negative feedback. 

  • Inadequate preparation to review:

    Try to remain abreast of every team member’s performance, their highs, and their lows. Subsequently, the prospect of reviewing 20 people (more or less) won’t worry you. 

Performance Appraisal Software Related Articles

FAQs

The four elements are Purpose, Outcomes, Accountability, and Teamwork. It forms the foundation of a performance culture.

Here are the 6 things that you must look out for a while buying performance management software,

  • an automated streamlined performance review process
  • a comprehensive 360 degree feedback program
  • goal setting & goal management capabilities
  • easy anytime journaling capabilities
  • a compensation translator
  • a portal to online learning content

According to Andy Neely, author of the book “Business Performance Measurement: Unifying Theory and Integrating Practice,” there are five main operational performance objectives: speed, quality, costs, flexibility, and dependability.

Performance Appraisal is the process and time when a manager and employee sit down to review or evaluate the employee's performance over the past year, months, or a shorter time.

Paras Kela
Researched and Written by Paras Kela | Last Updated: January 02, 2024