Top 8 Employee Performance Evaluation Software in 2024 | iMocha

Employee Performance Evaluation Software is the new way of transforming how employers manage and evaluate staff performance while tracking employees' progress.

These tools encourage accountability, facilitate the flow of information between managers and employees, and keep individual goals in line with company objectives. They enable organizations to monitor top performers and skills gaps. Also stay up to date on the performance of their key teams through real-time feedback & analytics for promoting, training & compensating the employees.

In this blog, we will go through the best 8 Employee Performance Evaluation Software of 2024 and show how these tools have redefined performance management leading to organizational development.

Top 08 Employee Performance Evaluation Software to Consider

1. iMocha

iMocha's AI-powered Skills Intelligence Cloud is among the most innovative skills Intelligence platforms disrupting how we assess employee performance. With an emphasis on skills as a primary driver, iMocha provides proven methods like skills assessment, multi-channel skills validation, and skills analytics for identifying and nurturing talent across organizations.

Here’s a quick breakdown of its key features that make it a top performance evaluation software:

• Comprehensive Skill Assessment Library: Wide range of technical as well non-technical skills assessments that help to accurately measure employee expertise across different verticals. Needs Assessment, which compares employee skills with skill requirements of a particular position to reveal the gaps and set forward an improvement strategy.
• Continuous Skills Validation: Measure your team's skills progression over time and ensure evaluations are based on realistic data.
• Skills Analytics: Empowers your talent decisions with powerful data-driven insights, discover performance trends, and close skill gaps from a workforce-wide perspective.
• Targeted Learning: A personalized development plan that marries the skill gap analyses and performance feedback into a tailored growth plan for each employee.
• Comprehensive Skill-Based: Provides the big picture of your staff’s potential development, leading to continuous growth and data-driven intelligence.

2. Lattice

Lattice is an all-in-one performance management and employee engagement platform that helps organizations build high-performing teams. Lattice offers a modern and complete approach to performance management by combining continuous performance development with aligned goal setting, employee feedback and reviews.

Here’s a quick breakdown of its key features that make it a great performance evaluation software:

• Performance Reviews: The reviews are built to fit any company structure with configurable review processes.
• Goals Tracking: Allows employees and managers to set, track and align objectives with the company's goals providing visibility and transparency.
• Continuous Feedback: Provide regular feedback through praise, 1:1’s, and real-time coaching that helps build a culture of transparency.
• Employee Engagement Surveys: Helps organizations to measure and reward employee sentiment and improve their culture.
• Career Development – Fosters growth integrates development plans; tracks progress and allows mentorship opportunities.
• Analytics and Reporting: Deliver data-driven insights around performance trends, goal accomplishments, and engagement levels across the organization.

3. HiBob

HiBob is a sophisticated HR platform that transforms the way employee performance evaluation and management occur. Mid-market, fast-growing companies benefit from HiBob's performance management which is designed for modern workforce-friendly enterprise functionality with a consumer-like experience to nurture more continuous feedback and development.

Here’s a quick breakdown of its key features that make it a great performance evaluation software:

• Intuitive performance review cycles -Effortlessly create, customized performance reviews around real-time or monthly cycles.
• 360° Feedback: Encourages feedback from Managers, Peers, and Direct Reports for a broad performance view.
• Goal setting and tracking: Assists in setting goals, and establishing shared objectives, ensuring everyone is working towards common objectives.
• Continual feedback tools: Promotes regular touchpoints and immediate feedback, promoting more communication throughout.
• Performance Analytics: Provides insightful reports and dashboards, offering a data-driven approach to performance management and helping identify trends and areas for improvement.

4. ClearCompany

ClearCompany is an all-in-one talent management platform that simplifies performance evaluation processes for your employees. It offers a comprehensive approach to performance management by merging it with broader HR processes, resulting in overall employee and organizational success.

Here’s a quick breakdown of its key features that make it a great performance evaluation software:

• Goals Alignment & Tracking: Define and track goals at each level of business, from corporate to individual, having linked objectives in place.
• 360-Degree Feedback: Provides an inclusive review process by incorporating thoughts from various sources, including managers, peers, and subordinates.
• Customizable Review Cycles: Balance traditional annual reviews with ongoing management check-ins.
  
• Real-Time Feedback Tools: Encourages always-on feedback loops and supports open communication with real-time performance improvements.
• Performance Analytics Dashboard – Visualizes performance data to show leaders, trends, top performers and areas of concern.
• Automated Review Process: Streamline review workflow with automated reminders, scheduling, and form routing, ultimately saving time and ensuring consistency.

5. Empxtrack

Empxtrac is an easy-to-use, and configurable performance appraisal solution suited for improving workforce productivity.

Here’s a quick breakdown of its key features that make it a great performance evaluation software:

• Goal Setting and Tracking: Effortlessly set and track OKRs to achieve consistency between personal & organizational objectives.
• Real-Time Feedback: Helps you open up a communication channel with regular check-ins and performance discussions.
  
• 360° Feedback: Gather insights of multiple stakeholders for a comprehensive view and well-rounded evaluation.
• Forms and Workflows: Allows customization of review process to align with organizational requirements.
• Performance Analytics: Provides detailed breakdown of performance trends with comprehensive dashboards. 

6. Small Improvements

Small Performance Evaluation Software concentrates on being a simple and easy-to-use performance review tool for developing businesses that put a high priority on continuous Improvement.

Here’s a quick breakdown of its key features that make it a great performance evaluation software:

• Objectives and outcomes focused: All goals must have clear objectives that display measurable outcomes.
• Regular check-ins and feedback: Drives regular interactions between managers and employees for continuous improvement.
• Peer Recognition & Feedback: Encourages peers to recognize each other, enhancing collaboration.
• Performance History and trends: Allows to track employee performance overtime, identify patterns, and celebrate achievements.
• Basic Reporting & Analytics: Offers detailed yet straightforward insights into performance data without being overwhelming.

7. Breathe

Breathe is a performance management system that makes appraisals less laborious and continuous feedback more natural. Here’s a quick breakdown of its key features that make it a great performance evaluation software:

• Simplified Reviews: Save time and resources by replacing paper appraisals with an intuitive online platform.
• Goal setting and tracking: Establishes specific, trackable objectives in sync with the organization's goals.
• Continuous Feedback: Foster a culture of open communication with tools for regular feedback exchange. Support ongoing development by recognizing achievements and providing constructive criticism in real-time.
• Performance Tracking: Allows to track performance with interactive dashboards. Links performance data to training programs.
• Professional Development Support: Pinpoints skill gaps and areas for improvement through performance appraisals.

8. People HR

People HR is a user-friendly appraisal software. It is designed to simplify and streamline the performance evaluation process. Here’s a quick breakdown of its key features that make it a great performance evaluation software: 

• Streamlined reviews: Eliminates complex workflows and introduces intuitive review forms and automated routing for efficient evaluation completion.
• Goal setting & Tracking: Allows you to set SMART goals, track the progress visually and ensure alignment with company objectives.
• Performance Feedback Tools: Encourages continuous improvement through real-time feedback.
• 360 Degree Feedback: Gain insights on performance by incorporating feedback from managers, peers, and even self-evaluations.
  
• Tracking and Reporting: Generate insightful reports to track progress, identify trends, and make data-driven decisions regarding talent development.

Conclusion

HR-tech landscape offers a wide range of performance management software, targeted toward different organizational needs. There is a solution for you — whether you want an all-in-one, reliable platform or something specialized for appraisals. It means picking out software that supports the goals you have for your business in terms of company size, budget, features desired, and long-term objectives.

The ideal tool will make reviews go by faster, enable continuous improvement of performance management processes for both employees and managers, drive engagement among your teams/employees/departments/divisions and company as a whole–and ultimately enhance everyone's chances of success.

FAQ

What is employee performance evaluation software?

Employee performance evaluation software helps companies manage and assess employee performance, providing feedback, setting goals, and generating reports.

What are the benefits of employee performance evaluation software?

Improves efficiency, aligns goals, provides actionable feedback, aids decision-making, and boosts employee engagement.

What are 360-degree reviews?

360-degree reviews gather feedback from an employee's colleagues, managers, and subordinates for a comprehensive performance evaluation.