It is crucial for organizations that wish to optimize their performance review procedures, increase efficiency, and engage human capital in the exercise to adopt employee evaluation software. As the dynamics of the contemporary workplace change, 2024 has introduced several solutions that would be relevant in meeting the demand. Below are the 20 perfect picks for employee evaluation software in 2024, with different features for the management of human capital. The following tools have been chosen for their convenience, ability to be tailored, capacity to be implemented with other tools, and general efficiency in the performance of all-encompassing performance management.
20 Best Employee Evaluation Software:
Software | Key Features | Pricing |
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1. BambooHR | Customizable performance reviews, employee self-assessments, goal tracking | Starts at $6.19/user/month |
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2. Trakstar | Automated workflows, real-time feedback, goal setting, customizable reviews | Starts at $4,370/year |
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3. Lattice | Continuous feedback, goal management, 1:1 meeting tools, performance reviews | Starts at $9/user/month |
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4. Zoho People | Performance appraisals, skill set matrix, multi-rater feedback, customizable templates | Starts a$1.25/user/month |
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5. PerformYard | Custom review cycles, goal management, continuous feedback, easy integration | Contact for pricing |
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6. Namely | Goal setting, peer reviews, 360-degree feedback, performance metrics | Starts at $12/user/month |
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7. Reviewsnap | Performance reviews, 360-degree feedback, goal tracking, reporting tools | Starts at $3,040/year |
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8. SAP SuccessFactors | Goal management, continuous performance management, peer feedback, talent management | Contact for pricing |
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9. Leapsome | Continuous feedback, 360-degree reviews, goal setting, learning management | Starts at $8/user/month |
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10. 15Five | OKR tracking, 1-on-1s, weekly check-ins, high five recognition | Starts at $7/user/month |
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11. ClearCompany | Performance review templates, 360-degree feedback, goal alignment, reporting | Contact for pricing |
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12. Engagedly | OKRs, 360-degree feedback, employee recognition, performance reviews | Starts at $5/user/month |
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13. AssessTEAM | Real-time feedback, project performance evaluation, 360-degree reviews | Starts at $3/user/month |
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14. ADP Workforce Now | Customizable reviews, continuous feedback, goal setting, talent management | Contact for pricing |
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15. Synergita | Continuous feedback, employee engagement, goal management, performance appraisals | Starts at $4/user/month |
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16. Workday | Continuous performance management, goal setting, 1:1 meeting tools, feedback | Contact for pricing |
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17. Impraise | Real-time feedback, customizable review cycles, goal management, analytics | Contact for pricing |
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18. Betterworks | OKR management, continuous performance management, real-time feedback, engagement surveys | Contact for pricing |
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19. Cornerstone OnDemand | Performance appraisals, continuous feedback, goal setting, talent management | Contact for pricing |
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20. Saba Cloud | Goal alignment, continuous feedback, performance appraisals, talent management | Contact for pricing |
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Explain each Software in detail:
Here are detailed explanations for each of the 20 best employee evaluation software, including their pricing, features, pros, and cons:
1. BambooHR
Pricing: Starts at $6.19/user/month.
Features: flexible peer review, check and balance self-appraisal, goal setting
Pros:
- User-friendly interface
- Comprehensive HR tools
- Good customer support
Cons:
- Limited customization options
- Additional costs will be incurred if specific modules have to be obtained.
2. Trakstar
Pricing: Starts at $4,370/year
Features: use of automated papers; real-time evaluation; setting of goals; and the capability of customizing reviews.
Pros:
- Very easy to install as well as easy to use.
- Comprehensive reporting features
- Good customer support
Cons:
- High upfront cost
- Limited integration options
3. Lattice
Pricing: Starts at $9/user/month.
Features: Ongoing input, personal and team objectives, regular 1-1 meeting aids, appraisal
Pros:
- Intuitive and user-friendly interface
- Excellent customer support
- On the same note, there is a very strong focus on engagement with employees.
Cons:
- may be costly, especially for firms that are small and newly established.
- Limited customization options
4. Zoho People
Pricing: Starts at $1.25/user/month.
Features: PA, SSM, MRFP, templates.
Pros:
- Affordable pricing
- Comprehensive HR features
- Closeness with other products of the Zoho family
Cons:
- Limited reporting features
- Sometimes it can be challenging when it comes to establishment.
Pricing: Contact us for pricing.
Features: multiple review cycles, goals, daily or weekly feedback, integration
Pros:
- Highly customizable
- User-friendly interface
- Good customer support
Cons:
- Pricing can be high.
- Limited integration options
6. Namely
Pricing: Starts at $12/user/month.
Features: targets, checks and challenges, feedback from peers and subordinates, performance standards
Pros:
- Full-fledged features in HR and payroll
- User-friendly interface
- Good customer support
Cons:
- Expensive for small businesses
- Limited customization options
7. Reviewsnap
Pricing: Starts at $3,040/year
Features: personal development plan, feedback, appraisal, organizational benchmarking
Pros:
- Easy to use
- Good customer support
- Comprehensive reporting features
Cons:
- High upfront cost
- Limited customization options
8. SAP SuccessFactors
Pricing: Contact us for pricing.
Features: getting things done, mattering, accountability, relationships, feedback, and human capital.
Pros:
- Comprehensive HR features
- Strong analytics and reporting
- Good integration options
Cons:
- Expensive
- Not easy to set up and use.
9. Leapsome
Pricing: Starts at $8/user/month.
Features: regular feedback updates, peer and self-appraisals, performance objectives, training, and development.
Pros:
- Intuitive and user-friendly interface
- Good customer support
- Employees’ engagement is considered one of the priorities.
Cons:
- It can be costly for small businessmen. These were some of the negative impacts of the global economic crisis.
- Limited customization options
10. 15Five
Pricing: Starts at $7/user/month.
Features: OKR tracking and reviews, one-on-one meetings, weekly communication, high five revolves
Pros:
- Intuitive and user-friendly interface
- Good customer support
- High emphasis is placed on empowering the employees.
Cons:
- Limited customization options
- Some can drain a small business financially.
11. ClearCompany
Pricing: Contact us for pricing.
Features: templates used in performance reviews, 360-degree feedback, goal congruency, and reporting.
Pros:
- Highly customizable
- User-friendly interface
- Good customer support
Cons:
- Pricing can be high.
- Limited integration options
12. Engagedly
Pricing: Starts at $5/user/month.
Features: Objectives and Key Results (OKRs), 360-degree feedback, incentives for the employees, performance appraisal
Pros:
- Affordable pricing
- Comprehensive features
- Good customer support
Cons:
- Easy to use but can sometimes be cumbersome to install.
- Limited customization options
13. AssessTEAM
Pricing: Starts at $3/user/month.
Features: feedback in real time; project performance assessment; performance appraisals that can involve subordinates, peers, and managers.
Pros:
- Affordable pricing
- Easy to use
- Good customer support
Cons:
- Limited integration options
- Making them can be somewhat complicated, especially when it is time to set them up.
14. ADP Workforce Now
Pricing: Contact us for pricing.
Features: individual reviews, always feedback, goal identification, employees’ development
Pros:
- Comprehensive HR features
- Good integration options
- Strong analytics and reporting
Cons:
- Expensive
- Difficult to organize as well as hard to operate.
15. Synergita
Pricing: Starts at $4/user/month.
Features: coaching, communications, goals, reviews
Pros:
- Affordable pricing
- Comprehensive features
- Good customer support
Cons:
- Limited customization options
- There are times when it is quite hard to establish.
16. Workday
Pricing: Contact us for pricing.
Features: A list of items including, but not limited to, constant performance evaluation and appraisals, the setting of goals and objectives, and 1:1 meeting tools and feedback.
Pros:
- Comprehensive HR features
- Strong analytics and reporting
- Good integration options
Cons:
- Expensive
- It is difficult to install, especially for the first time, and requires enormous effort to master.
17. Impraise
Pricing: Contact us for pricing.
Features: system-generated real-time feedback, flexibility in the review period, goal setting, and measuring.
Pros:
- Intuitive and user-friendly interface
- Good customer support
- Strong focus on employees
- Engagement
Cons:
- Pricing can be high.
- Limited integration options
18. Betterworks
Pricing: Contact us for pricing.
Features: OKR, regular employee review, immediate reinforcement, pulse check
Pros:
- Most important of all, clarity and emphasis on goals Generally, it means a strong focus on goal orientation.
- Intuitive interface
- Comprehensive reporting and analytics
Cons:
- Can be expensive.
- Limited customization options
19. Cornerstone On Demand
Pricing: Contact us for pricing.
Features: performance evaluations and appraisals; feedback; objectives; and development of employee human capital.
Pros:
- Advantages of HR and talent management solutions
- Strong analytics and reporting
- Good customer support
Cons:
- Expensive
- Difficult to configure and employ
20. Saba Cloud
Pricing: Contact us for pricing.
Features: There is clear and frequent communication, mutual understanding, and evaluation of employees’ and the company’s goals; regular assessment of employee performance; as well as employee development strategies.
Pros:
- Comprehensive HR features
- Orientation towards the sustainable development of the employees
- Good integration options
Cons:
- Expensive
- Difficult to install as well as to operate.
Conclusion:
In conclusion, the field of technology in evaluating employees is broadening, and the tools for performance management and employee development are multiplying. Based on our analysis, here are the 20 best options for 2024 with unique features to address every organization’s demand, starting with small businesses and going up to large enterprises. It is apparent that the implementation of these platforms ensures that the evaluation process is not only efficient, but it also actively enhances the performance of employees. Depending on your functional needs, choosing the right software will be crucial, but you now see that a choice of any of these top solutions will be of notable assistance to your performance management procedures. Selecting proper software for the evaluation of employees is one of the best strategies that help an organization achieve its main goal of developing a better performance culture.