10 Really Useful Performance Management Tools for 2019: Pros and Cons

Arranging and tracking the way your team does its work is an integral part of managing a successful company. Performance management can be a pain, but you can develop a strategy to do it as easily as possible.

You can check article to find out more about how you can accomplish this painstaking task. The most effective and fastest way to do that, however, is via proper performance management tools. We have made a research and compiled a list of several truly effective tools that you can put to use in your company and get a clear insight into your team’s work.

Tool #1. Namely

If customizability is the factor you need the most, you need Namely. Along with supplying the user with a broad range of useful features for the management of salaries, human resources and such benefits, as goals, detailed analytics and reviews, Namely is based on an open API, thus allowing for an incredible opportunities in terms of customization.

In terms of business, it pretty much means that you can use it to integrate as many third-party tools as you need to the platform, measuring the required metrics in the meantime. These integrations are easy to manage using the Connect Marketplace. In other words, Namely is one of the most extensive platforms available on the market nowadays.

The only drawback – a rather major, in fact – is quite a considerable price. But, if you need to manage the performance of a large group or multiple teams and can afford spending $15 per each user, you are going to get access to the platform that will let you do whatever you need.

Tool #2. UltiPro

Considering the fact that UltiPro has been established back in 1990, you can say that it has quite some experience in providing its users with a reliable base for getting performance management done without any serious trouble.

The platform provides a 24/7 customer support service, so you can always get advice on whatever questions you might have. There are many useful workplace features, such as learning and feedback, that let track your employees’ performance the easy way, while letting them monitor their own progress.

UltiPro also has a rather decent mobile app. It provides you with comprehensive control over benefits, human resources and salaries wherever you are, as long as you have your smartphone or tablet with you. As of your employees, they can view reviews, access documentation and even ask for time off using the mobile UltiPro app.

However, not everyone will appreciate the platform’s outworn design, as it hasn’t evolved at the same speed with design trends, which affects user experience. That is, you will have to spend quite some time on figuring out all the perks – either alone or together with customer support – and your eyes won’t be hurrying to get used to the interface.

Tool #3. Betterworks

Growing companies have several common issues, including setting and measuring goals. Betterworks focuses on these issues exactly, providing users with a rich set of features targeted at measuring the really important things for your team.

Betterworks allows you to see your team’s advantages and drawbacks via its feedback system and processes focused on goals and results. In addition, you can integrate the platform with such third-party tools, as Jira, Salesforce, and Slack, which allows managing an entire company using just it.

Since this platform is rich in features, it comes on the more expensive side, so if you prefer this option, you should make certain that your budget allows you to use it. Nevertheless, Betterworks is considered one of the finest examples of performance management tools out there.

Tool #4. BambooHR

Performance management tools and software are meant to help you get a clearer picture of how your organization works. Sometimes, you quite literally need to see a picture, and BambooHR is one of the best tools in providing visualization of your team’s performance, progress, etc. This platform is built around charts, graphs and visual metrics that provide each of your team members with a simple way to get an insight into their performance.

Using this tool, you will have access to employee performance charts and graphs with multiple axes, color coded management scores that you may arrange by function and other features that are aimed at providing you with a comprehensive look at your team’s weaknesses and strengths.

BambooHR is simple to get around with, which is a great thing, because customer support service provided by the platform isn’t consistent. That is, you will not get 24/7 assistance. So, buckle up and take advantage of online resources that can help you solve issues on your own.

Tool #5. Lattice

Using performance management tools is pointless, if your employees aren’t taking advantage of it. And, when it comes to Lattice, it has inbuilt notifications that help keep workers engaged in the process. Employees will regularly get reminders to take part I reviews and feedback, prompting an open communication between the team and managers.

Since Lattice is somewhat new to the performance management niche, it’s not exactly meant for managing a large firm’s personnel. Nevertheless, it is great for mid-sized companies that plan to grow.

Plus, due to the fact that Lattice is a bit on the costly side, there’s no sense in it for smaller businesses and startups trying to make get up on their feet, because the platform would perhaps require too much resources. Hence, once again, it’s best for mid-sized organizations that can afford the costs, but don’t need to manage large teams.

Tool #6. Reviewsnap

Reviewsnap is one of quite popular performance management platforms, and there’s a reason for that. This tool provides its users with all the necessary features required for keeping track of a team’s progress, skills, strengths, weaknesses, etc. It is a heavy-duty tool that involves automated performance reviews, 360-degree feedback and many other features that help you get an all-round understanding of your team’s work.

Furthermore, this platform can be integrated with a wide range of third-party tools that add it up, like Voltron, making it a serious productivity management powerhouse. Moreover, you can make Reviewsnap do anything you need by integrating it with any SaaS app that utilizes flat file integration or web services.

Much like most of the tools described above, the main issue about this platform is its price. While you will surely get a fairly nice output for your investment, if your budget is tight, maybe it’s not the best option for you.

Tool #7. Zoho People

While Zoho People has only been around for a decade, the Zoho company has been improving business management since 1996 – meaning you’ll have a wealth of experience at your back when you decide on them. Plus, you’ll have access to plenty of helpful features designed to track, manage, and customize your team’s performance.

Zoho People also makes automation a priority, allowing employees access to a self-service platform that cuts steps out of tedious HR practices. Employees will be able to take care of basics like leave, on-boarding, and training, all online, without taking time away from other employees.

If you have a team that is frequently on the go, however, Zoho People might not be for you – its mobile app is notably inconsistent, and a bit hard to use. Fortunately, its desktop software runs smoothly and simply, so you’ll be fine as long as you stay in the office.

Tool #8. Lumesse

Lumesse is a bit different beast in our list in terms of its focus. While most of the platforms described in this article are meant for groups and teams, this tool has individual growth and performance at its center. With particular personal objective reviews and constant feedback, individual members of your team will acknowledge their value and know that they are heard within the organization.

Using this tool, your employees can cater to their own needs in terms of performance management, including learning opportunities and human resources tasks among others with the help of various self-service features. Moreover, team goal trackers allow you to uphold the much needed team attitude while cultivating productive worker behavior. In other words, while primarily focusing on individual performance, you can still foster a healthy team environment and make sure it works, like one mechanism.

As of drawbacks, Lumesse has a segmented pricing model, so if you are going to need some particular additional features, you will have to pay some extra money.

Tool #9. Engagedly

Engagedly is a rather new tool that has quite a few features that may puzzle a new user, but the developer compensates that with a 24/7 customer support service, which you can get either via phone or email throughout the entire day. In addition, you can find tons of valuable information on the Engagedly website, which can help you troubleshoot problems by yourself, if you don’t want to deal with the support staff.

Speaking of the platform’s performance management perks, it provides access to multi-rater performance review and multi-rater cycles. This is a great way to keep everyone engaged throughout the work on a project. The tool’s modern and simple interface makes it simple to use and quite entertaining.

While it’s not the most expensive in this list, Engagedly doesn’t offer a free trial period, which is a serious letdown. So, when you decide to use this platform, you will have to make a leap of faith and hope that you don’t spend your money in vain.

Tool #10. Vectorly

The last on our list, but definitely not the least, is Vectorly. If you are looking for an intuitive and comprehensive tool that lets you see how your team performs in both short term and long term, you’ve got to give this tool a try. This is a simple platform equipped with an intuitive interface that lets you track your team’s performance, productivity, skills and other traits both individually and as a whole.

Vectorly is a rather new platform that gets regular updates to make its use even more comfortable and comprehensive than it already is. Right now you can integrate it with Trello and Jira and, thus, track your team’s performance. The graphs and customizable features allow you to mold whatever you want from it within the platform’s limitations.

The only drawback, perhaps, is that there are only two task management platforms you can integrate Vectorly with. It is slated to become available for more platforms soon. But, as for now, you can sign up for a free trial and see how it all blends in to your organization at Vectorly.team.

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