10 Best Performance Management Software Solutions in 2023

GoCo is modern HR, benefits administration, payroll, and performance reviews built with flexibility and ease-of-use in mind. GoCo comes in first place if you’re looking to manage & track your performance review workflows in the same hub as all of your other HR features. With GoCo, you can not only distribute, manage, and organize all performance review-related documents, but you can easily report on it for future reference. Yes, this means all of that data that’s typically held hostage on paper or in a standalone performance management system is easily pulled for big-picture insights, right alongside your payroll, team member, and benefits reports.

GoCo’s Key Performance Review Features:

• Build custom performance review templates (i.e. self-evaluations, surveys, manager expectations, 1:1s, feedback and more!)
• Add custom fields within performance review documents to collect on
• Automatically & dynamically assign due dates & tasks to direct managers, department heads, or other team members in GoCo
• Keep all teams in sync
• Automate reminders & set up triggers
• Track and report on review task completion progress with a visual timeline to ensure timely review completion

With GoCo, teams are able to eliminate pain points of a manual performance review process while maintaining all of the benefits of being able to use a completely personalized performance review specific to their business. You’ll never be required to fit a performance review framework or template that doesn’t suit your needs -- instead, you’ll be empowered to customize the software around the way you work.

The best part? All of your performance review information is kept in the same platform as your onboarding, benefits, payroll, and other HR workflows with a single log-in, so you can tackle all of your HR in one place.

If you’re ready to level-up your performance reviews with All-in-One HR, take a free interactive tour to see GoCo in action.

Lattice is a solid alternative if you are not wanting a consolidated HR hub, as a point-solution in the performance management sphere. Lattice is a cloud-based platform for performance, growth, and goal management. Known for helping People Leaders develop more engaged and higher-performing teams, Lattice’s product can be helpful for scaling with growing companies.

Lattice’s Key Performance Review Features:

• Set expectations with goal features
• Review confidence levels for communication
• Give helpful feedback
• Send employee surveys on a schedule
• Answer status questions
• Drive career growth with planning tools

Pricing: The lowest tiered plan starts at $9/per person, per month, which offers access to solutions like performance reviews, goal management, and real-time feedback.

However, it’s important to note that Lattice’s lack of flexibility and UI for employees in some areas poses a risk for missed or declined performance reviews. Some users also report that the system makes actionable steps from feedback difficult to find.

Even so, Lattice is a reputable platform for HR pros only looking to use performance reviews in a standalone platform, which can be helpful for building up a people strategy.

Coming in with the bronze is 15Five. Similar to Lattice, 15Five is a good alternative for teams looking for isolated performance management features. The platform is human-centered to aid in employee development, and offers education and solutions around it. Aligned with latest positive psychology research, employees and managers can expect to find helpful tools for engagement and performance.

15Five’s Key Performance Review Features:

• Send evidence-based employee engagement surveys
• Maximize growth with self reviews
• Celebrate wins with employee recognition
• Request and send detailed feedback
• Set goals and objectives within the platform

Pricing: Plans start at $7/per person, per month, with basic access to tools like engagement, check-ins, and 1:1s.

A few downsides to the platform include limited objective tracking, little data visualization, and lack of flexibility for different organization types. It may be difficult to customize the framework to work for unique requests.

Still, the system is a helpful tool for performance management, team empowerment and recognition.

If you’re more focused on employee surveys, TINYPulse can be a good option for understanding your team and any gaps for improvement. The performance management and engagement software provides tools for HR pros to improve internal communication for stronger employee culture. The platform covers engagement, social recognition, and actionable feedback for all team members.

TINYPulse’s Key Performance Management Features:

• Send and receive anonymous employee surveys
• Plan for 1:1s
• Send Cheers for employee recognition
• Run annual surveys for enterprise companies
• Choose from a full survey library

Pricing: Pricing starts at $5/ per person, per month, with limited access to dashboards, pulse surveys, peer recognition, and more.

Keep in mind that for some features, it may be difficult to take action on the insights received and some users report lack of transparency about new features.

If you’re looking for an affordable point-solution for performance management, TINYPulse may be a good option.

Reflektive, which recently joined PeopleFluent, is a performance, productivity, and engagement tool meant to empower teams. The platform focuses more on people analytics than the other standalone performance management systems, with helpful insights available in pre-built dashboards.

Reflektive’s Key Performance Management Features:

• Manage goals & OKRs
• Provide recurring reviews & check-ins for managers and employees
• Build surveys with a survey builder
• Track progress on company goals
• Advanced filtering

Pricing: $7500/ per month, flat rate, with access to its full suite of performance management features.

Though it offers a wide range of features, the product is on the simpler side, with some data features replicable in Google Sheets. Additionally, lack of visibility and flexibility in polls can prove to be frustrating when analyzing employee insights.

If you’re looking for an isolated solution for boosting productivity within your organization, Reflektive is worth considering.

With a heavier emphasis on employee engagement, Hirebook also offers productivity and performance management tools to help empower teams. The platform aims to push teams to focus on dialogue, objectives and outcomes through casual conversations.

Hirebook’s Key Performance Management Features:

• Send ongoing check-ins and future plans
• Schedule recurring meetings and create agendas
• Share objectives with employees
• Navigate your org chart for strategic alignment

Pricing: Hirebook offers a 14 day free trial for smaller teams, and starts at $8.33/ per person, per month for access to modules and data retention.

The downside to the platform is the ability to streamline performance review tasks in a cohesive way -- instead, it offers single solutions for many components within the category of performance reviews.

PerformYard is another alternative for performance management that helps HR improve people management within organizations. Managers and employees can easily submit feedback and record achievements to see where they stand.

PerformYard’s Key Performance Management Features:

• Automate review cycles
• See 90 day reviews, annual rankings, and client feedback in one place
• Compare individuals, teams, and visualize performance
• Collect project-based feedback

Pricing: Pricing starts at $4-8/ per person, per month, which includes performance reviews, goal management, and continuous feedback.

With generally strong features for performance management, the cons of this platform are the lack of flexibility to consolidate HR. HR pros looking for an all-in-one option may find it difficult to integrate with HR software.

All in all, the easy-to-use platform may be a good standalone solution for you.

Leapsome creates a continuous cycle of performance management and learning to improve employee engagement within businesses. This platform has an edge in personal development and learning, whereas other standalone platforms tend to focus more on only performance reviews.

Leapsome’s Key Performance Management Features:

• Run performance and 360 reviews
• Automate review cycles
• Deliver learning content and curriculum to employees
• Test skill development

Pricing: Pricing starts at $7/ per employee, per month, with access to performance reviews, 360 reviews and analytics.

Similar to other point-solutions, it may be difficult to integrate reviews with additional HR processes. The software is however easy to use and proven to help boost company morale

Quantum Workplace is a complete employee engagement and performance solution aimed to help drive employee and organization success. The platform helps leaders identify key insights between employee engagement and performance -- they have an edge in the data department, with North America’s largest database of employee engagement data.

Quantum Workplace’s Key Performance Management Features:

• Send comprehensive & automated employee surveys
• Set goals and track progress
• Recognize peers and give real-time feedback
• Review business impact analytics

Pricing: Pricing starts at $10,000 per year for the suite of performance management and features.

Though the platform offers some great data insights, there might be limitations on flexibility for small workplaces and configuration. Still, this can be a great complementary tool for leveraging business success.

Motivosity is another great option for performance management and recognition, with a goal of making people happier at work. The three core components of the platform are engagement, motivation, and recognition to drive a sense of community.

Motivosity’s Key Performance Management Features:

• Show appreciation for managers and peers on dashboard
• Build social connections through highlights and announcements
• Navigate your company with an org chart
• Help team members know where they stand with continuous feedback

Pricing: Pricing starts at $1/ per person, per month for the “Connect” plan, which includes org charts and personality profiles. Note: Performance coaching and feedback are included in the “Lead” plan, at $6.50/ per person, per month.

This software is one of the most budget-friendly on the list, but keep in mind that additional performance management and feedback features come at an added cost from the most basic plan -- so it depends on your desired usage.