Last updated June 5th 2024

What is Performance Management? The Complete 2025 Guide

Facilitatee performance reviews and goal setting.

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What is Performance Management?

Facilitate regular performance reviews, goal setting, and feedback, allowing managers to identify employee strengths and areas for improvement. This can help employees reach their full potential and align their performance with organizational objectives.

Products for Performance Management

We’ve listed the products and solutions that commonly address the Performance Management use case below.

Dayforce HCM logo

A global HCM software provider offering solutions for payroll, benefits, workforce management, and more.

Zoho People logo

A provider of cloud-based software applications for businesses, including CRM, HR, finance, and more.

Namely logo

A comprehensive human resources platform offering payroll, benefits, talent management, and more.

UKG Pro logo

An advanced HCM solution providing tools for HR, talent, payroll, and time management for large businesses.

BambooHR logo

A cloud-based HR management software solution designed for small and medium-sized businesses.

Workday HCM logo

A cloud-based HCM and financial management platform offering a range of applications for businesses.

UKG Ready logo

A flexible HCM solution designed for small to medium-sized businesses to manage workforce, payroll, and HR needs.

Workforce Now logo

A cloud-based human capital management solution designed to help businesses manage their employees, payroll, and time.

Deel logo

A platform for hiring and managing international contractors and employees, simplifying compliance and payments.

Rippling logo

An all-in-one platform that unifies HR and IT, including payroll, benefits, and more.

SAP SuccessFactors logo

A cloud-based HCM suite from SAP that offers tools for employee management, learning, and performance.

Next Gen HCM logo

A modern, AI-powered platform providing a personalized experience and actionable insights for HR management.

Enterprise HR logo

A customizable HCM solution designed for large enterprises with complex HR and payroll needs.

Fusion Cloud HCM logo

A suite of enterprise applications that combines Oracle's best-of-breed products for finance, HR, and CRM.

Vantage HCM logo

A comprehensive HCM solution that integrates HR, talent, time, benefits, and payroll for large businesses.

Performance Management Features

Customize these feature priorities in Taloflow and get expert ratings for 15 different vendors and solutions, including None.

Feature Dimensions Description Priority
360-Degree Performance Reviews
  • Performance Management
Gets feedback from not only managers but also superiors, subordinates, and peers. Critical
Goal Tracking
  • Performance Management
Develops and rates development and performance goals for each employee and shares it with different managers. Critical
Goals and OKRs Creation
  • Performance Management
Sets goals and creates OKR for the employees, leveraging templates available to create goals for specific roles. Critical
Performance Scoring
  • Performance Management
Customizes the evaluation criteria for the performance review. Critical
Continuous Feedback Mechanism
  • Performance Management
Reaches out to manager for continuous feedback on performance and discusses their challenges. Important
Customizable Evaluation Criteria
  • Performance Management
Provides calibration tool as a standalone assessment tool outside of the formal calibration process. Important
Goals Template
  • Performance Management
Tracks the progress on the goals set. Important
Self-Evaluation Tools
  • Performance Management
Identifies own strengths and weaknesses and evaluates oneself. Important
Calibration Tools
  • Performance Management
Provides information to employees on the complete pay package awarded to them on an annual basis, including both direct and indirect compensation. Nice To Have
Evaluating solutions?
Work with Taloflow's technology selection platform containing tens of thousands of up-to-date vendor data points in dozens of categories to:
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Filter solutions based on your priorities
Evaluate vendors for your exact use case
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Disclaimer

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