Employees are crucial to any organization. The better they perform, the faster the company will grow. Also, employee performance directly impacts the organization’s reputation.
Below are some stats that highlight the importance of performance management:
- Managers who received feedback on their strengths showed 8.9% greater profitability.
- Companies with higher than average levels of employee engagement saw 27% higher profits and 38% above average productivity.
- 72% of employees feel that their performance would improve with corrective feedback.
- 63% of Gen Z said they want to hear timely, constructive performance feedback throughout the year.
However, performance management is not that easy, especially if you don’t have the right resources. In this article, we will discuss the 10 best performance management software in India. Let’s get started!
1- Officenet
Officenet Performance Management software offers three kinds of features: goal setting, performance review, and performance appraisals. It allows companies to track individual performance and provide feedback to help employees improve themselves.
Officenet lets you customize its performance management software as per your organizational needs. You can even set different goals for your workforce as per their job role.
Key Features of Officenet
- Employee goal setting
- Team’s goal progress dashboard (real-time)
- Detailed training plans with progress tracker
- 360-degree employee feedback
- Appraisal reports
- Auto-generated notifications for pending reviews
- Employee performance report
Pricing: Officenet has not made its pricing public. You will have to contact the company for a personalized quote.
2- Cornerstone
Find top talents and underperforming employees using Cornerstone performance management software. It lets you benchmark employee performance and align their activities with organizational strategy while offering meaningful feedback.
Cornerstone’s performance management software allows you to measure individual employee performance, 360-degree reviews, and goal completion. It also enables you to assess skills in real-time to determine employee competency in any given situation.
Key Features of Cornerstone
- Competency analyzer
- Goal planning and rating
- Talent management system and competency tracking
- Real-time employee performance monitoring
- Social feedback
- Goal tracking
Pricing: You will need to contact the company for a custom quote.
3- Kissflow
Kissflow is an HR software that provides different ways to collect, measure, and manage employee performance. You can then compare the data to identify performance gaps, top performers, underperformers, and increase employee retention.
Its user-friendly dashboard makes it easier for businesses to create action plan templates to measure qualitative data. Managers can also initiate a performance improvement plan from the review panel to help employees enhance their skills.
Key Features of Kissflow
- Real-time performance dashboards
- Robust analytics and reporting
- Custom and dynamic reporting
- Dynamic business rules
- Ad hoc assignment
- Automated assignments and escalations
- Document sharing
- Social collaboration
Pricing: Kissflow software starts from $390 per month for 20 users.
4- Factorial
Factorial is another great performance management software that allows you to track employee performance with custom reports. You can even leave feedback for employees, and the system will send instant notifications to them.
It also allows you to review employees at scale, compare their performances and set automated appraisals. You can even create a performance form to better track the improvement over time.
Key Features of Factorial
- Self-assessment
- 360-degree performance appraisal
- Different question formats for employee performance review
- Allows you to create a dynamic group of reviewers
- Automatically includes new hires in performance evaluations
- Sends email notifications to reviewers automatically
- Centralizes performance evaluations
- Real-time performance tracking
Pricing: Factorial Performance management system starts from as low as $3 per employee per month.
5- Employment Hero
Employment Hero is one of the best-integrated HR software in India that allows you to manage payroll, applications, paperless onboarding, maintain timesheets, and measure employee performance.
Its performance review templates make it easier for you to quickly measure performance and offer feedback to help employees do better.
Key Features of Employment Hero
- Custom rating scales
- Cascading goals
- Performance review templates
- Robust data and reporting
- Employee portal
- Manager dashboard
- Peer to peer feedback
- Employee wellbeing
Pricing: Employment Hero starts from as low as $7 per employee per month.
6- ADP
ADP is an all-in-one HR software that enables you to manage payroll, HR, time, benefits, and outsourcing. You can align the individual, team, and organizational goals to improve employee performance.
ADP allows you to define your performance review process with traditional annual ratings or continuous feedback and check-ins. It also lets you deliver personalized coaching to employees based on their performance.
Key Features of ADP
- Performance reviews
- Hiring tools
- People analytics
- Real-time employee feedback
- Engagement surveys
- Goals management
- Employee collaboration
Pricing: ADP has not made its pricing public. You will have to contact them for a custom quote.
7- PeopleStreme
PeopleStreme is one of the simplest HR software in India. It enables you to boost productivity, profitability, and engagement through ongoing performance management. From performance development to goal setting, PeopleStreme allows you to create a strategic plan to drive better performance.
You can also manage one-on-one sessions and provide feedback to each employee. Besides, its real-time reporting provides complete visibility into employees’ performance at the organizational level.
Key Features of PeopleStreme
- Position description management
- Objective/KPI writer
- Regular 1 on 1s with statuses and notes
- Engagement-boosting development plans
- Objective alignment and cascading
- Feedback writer
Pricing: PeopleStreme requires to fill a form to get a tailored quote.
8- Engagedly
Engagedly is one of the most robust performance management software built for the digital generation. Its mobile app empowers you to stay updated with employees’ performance on-the-go and in real-time.
You can provide recognition, award points, badges, and rewards to employees based on their performance. It also lets you offer a shout-out to your employees on social media with a click.
Key Features of Engagedly
- Engaging performance reviews and competency assessments
- Set and track OKRs/Goals
- Comprehensive 360/Multi-rater
- Give and receive real-time feedback
- Drive development with an LMS
- Increase retention and growth with talent mobility
- Mentoring program management
Pricing: Contact Engagedly to get a custom quote as per your requirements and business size.
9- Possibleworks
Possibleworks is another great performance management software that helps drive high employee performance. With Possibleworks, you can align individual employee goals with organizational priorities and improve engagement within your company.
It has a chat option that facilitates real-time conversations to improve collaboration. Its data-driven employee appraisals make it easier for businesses to offer appraisals based on performance.
Key Features of Possibleworks
- OKR framework
- Agile and dynamic goals periods with frequent reviews
- Transparent company-wide visibility of cascaded objectives
- Real-time tracking for performance assessments
- Monthly/quarterly reviews with interim milestones
- Coaching and mentoring opportunities
- Periodic qualitative assessments
- A 360-degree employee feedback module
Pricing: Possibleworks requires you to book a demo to better understand their product and a tailored quote.
10- PeopleFluent
The last one on our list is PeopleFluent. It offers a set of digital tools to provide structured feedback, measure employee performance based on pre-set conditions, and achieve organizational goals.
Built for mid-sized and large enterprises, PeopleFluent enables you to design and deliver coaching programs at scale.
Key Features of PeopleFluent
- Robust goal setting
- Objectives management
- Competency management
- Continuous feedback
Pricing: To get a quote, you will have to contact PeopleFluent’s sales team.
Wrapping Up
Performance management software helps you determine whether your employees are doing their work efficiently or need help. The ten tools mentioned above are the best performance management software in India.
Did we miss any great performance management software? Let us know in the comments.