Give your workforce the tools for growth and success — minus the manual tasks. Enable transparent communication with 360 feedback, Journals, and recognition to keep development top of mind.
Performance Management Software
Prioritize employee development.
Features Overview
Manage Goals and Objectives
Allow supervisors and employees to set performance goals together. Manage employee ratings, goals, and appraisals in a single location, making it easy for employees to actively work toward them with full visibility.
Drive Conversations Year-Round
Ongoing, goal-driven conversations are simple with text or video Journals, which engage employees in on-going career development and give employees a record of their tasks, goals, and accomplishments.
Improve and Innovate Annual Reviews
Give your workforce the chance to actively take part in their employee reviews with self-appraisal. Empower reviewers with modern tools like sentiment analysis to help them understand their tone. Availability of industry market pay data and benchmarks helps managers and employees have transparent conversations.
Empower True 360 Feedback
Use customizable feedback forms to request performance feedback at any time, from anyone including peers, managers, and direct reports. Peer recognition automatically surfaces in reviews, so it is easy to get a holistic view.
Make Career Planning Simple
Leverage 9-box talent assessment templates for succession planning to help identify the employees ready for the next step in their career.
Improve Employee Productivity and Retention with Recognition & Rewards
Boost connection among employees and help them feel valued by recognizing and celebrating their peers with Paylocity's recognition and rewards tool. These accolades can even be included in annual reviews.
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Frequently Asked Questions
A performance management system is a type of employee review software used for setting goals and tracking employee performance. This provides insight into the overall functions of departments and employees, ensuring unity towards achieving organizational and professional goals. Performance management software helps your company, managers, and employees define actionable steps towards continuous career development and advancement.
Performance management is critical to providing growth and development opportunities that support both employees and business goals. When performance management is prioritized, it empowers transparent communication between a company and its workforce. This allows managers and HR staff to monitor employees' progress towards their career goals. Cloud-based employee review software makes it easy to stay on top of the performance for each employee by facilitating the conversations around employee growth.
Some key components of performance management systems and solutions are goal management, full-scale feedback (feedback collected from managers, peers, and self-evaluations), and performance reviews.
- Goals: Performance review software allows for goals to be set and defined in one location and shared with an employee’s manager.
- Feedback collection: Many platforms also offer feedback collection from a variety of sources like supervisors and peers. This includes self-assessment functionality, like Journals, that provide an outlet for ongoing conversations about goals, projects, and performance.
- Performance reviews: Performance review capabilities provide structure for defined performance assessment periods – including a customizable set-up and grading system that employees can be measured against based on the feedback and goal components.
Performance reviews are an essential part of the ongoing dialogue between employees and their managers, and they look a bit different among organizations. However, most employee reviews follow these steps:
- Discuss the employee’s role. The employee’s job description might need an update to better reflect their current responsibilities.
- Review the employee’s self-assessment. There are pros and cons of self-evaluation, but ultimately, they get employees more involved.
- Submit a written review. Managers should also document their assessment of each employee’s performance.
- Set performance and professional development goals. Keeping employees motivated increases engagement.