10 Best Performance Management Software for Small Businesses

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In the ever-changing environment of modern business, smaller companies constantly seek opportunities to enhance their operations. One of the most vital components of doing this is effective performance management, which acts as the cornerstone for boosting staff productivity and supporting the ongoing expansion of the organization. Small businesses, just like bigger ones, can benefit from technology for this important task.

In this article, we will discuss the top ten performance management software solutions created especially for small enterprises. These special tools are known for making employees do better at work and for fitting well with what small businesses need. Let’s explore how these smart solutions can make your small business work better, be more productive, and succeed.

What are Performance Management Systems?

Performance Management Systems (PMS) are structured processes and tools used by organizations to monitor, evaluate, and improve employee performance and productivity. These systems encompass various activities such as setting performance goals, providing regular feedback, conducting performance reviews, and identifying areas for skill development. PMS aims to align individual and team performance with organizational objectives, fostering a culture of accountability and continuous improvement. By leveraging data and feedback, these systems help businesses make informed decisions, recognize high-performing employees, and provide support to those in need of improvement. Ultimately, the prime motive is to enhance overall business performance and achieve strategic goals, and Performance Management Systems help with the same.

List of the 10 Most Efficient Performance Management Solutions for Small Businesses

1# factoHR

FactoHR’s performance management feature is a comprehensive solution designed to streamline the entire performance evaluation process within your organization. With this tool, you can easily set performance goals, provide continuous feedback, and conduct performance appraisals.

It allows you to track employee progress and measure their achievements, fostering a culture of accountability and growth. FactoHR’s performance management feature also provides valuable insights through analytics and reporting, enabling data-driven decisions to enhance employee productivity and engagement. Whether you’re a small business or a large enterprise, FactoHR’s performance management feature can help you optimize your workforce’s performance and contribute to your organization’s success.

Top Features:

– Multiple-level goals management (OKRs)

– Mobile app support for goal creation

– Effective integration of performance management with payroll system

– Multiple-level performance review workflow

G2 Reviews:

– 4.7 out of 5

2# 15Five

15Five’s performance management feature is designed to foster a culture of continuous improvement within organizations. It enables managers and employees to engage in regular check-ins, goal-setting, and feedback exchange. This tool simplifies the process of setting objectives and tracking progress, ensuring that employees stay aligned with organizational goals.

With its analytics and reporting capabilities, 15Five helps identify performance trends and areas for development. By promoting ongoing communication and transparency, 15Five’s performance management feature empowers businesses to enhance employee performance, boost engagement, and drive success.

Top Features:

– Employee pulse surveys

– Goal and challenge creation

– Survey customization

– Social feedback portal

– Performance reporting

G2 Reviews:

– 4.6 out of 5

3# BambooHR

BambooHR’s performance management feature is a comprehensive tool designed to help businesses improve employee performance and engagement. It simplifies the process of setting goals, tracking progress, and conducting performance evaluations.

With BambooHR, you can streamline feedback and coaching, making it easier to recognize top performers and identify areas for improvement. The system allows for customizable performance templates and offers valuable insights through analytics and reporting. This feature promotes better communication between employees and managers, ultimately fostering a more productive and satisfied workforce while aligning individual goals with overall organizational objectives.

Top Features:

– Customizable performance evaluations

– Automated reminders and notifications

–  Goal status report

– Targeted feedback

– Performance reporting

G2 Reviews:

– 4.4 out of 5

4# PerformYard

PerformYard offers a robust performance management feature designed to streamline and enhance your employee evaluation process. With PerformYard, you can easily set clear goals, track progress, and provide continuous feedback. It simplifies the performance review process, making it more efficient and productive.

The platform also supports 360-degree feedback, allowing you to gather input from peers, subordinates, and supervisors to gain a comprehensive view of an employee’s performance. PerformYard’s analytics and reporting tools help you identify trends and areas for improvement, enabling data-driven decisions to foster a culture of continuous growth and development in your organization.

Top Features:

– Reviews & check-Ins

– Company Goals And OKRs

– Continuous feedback

– Inclusive dashboards And reports

G2 Reviews:

– 4.7 out of 5

5# Engagedly

Engagedly’s performance management feature offers a comprehensive solution to enhance employee engagement and productivity. It streamlines goal setting, continuous feedback, and performance appraisals. With its user-friendly interface, it simplifies the entire performance management process, fostering a culture of growth and development within your organization.

Additionally, Engagedly provides actionable insights through analytics, helping you make informed decisions to optimize your workforce’s performance and align it with your company’s goals.

Top Features:

– Goal and challenge creation

– OKR/goal alignment

– Informative real-time dashboards

– Continuous feedback

– Peer recognition

G2 Reviews:

– 4.4 out of 5

6# Breathe HR

Breathe HR offers a comprehensive performance management feature that simplifies the process of tracking and improving employee performance. With Breathe HR, you can easily set clear performance objectives, conduct regular performance reviews, and provide constructive feedback.

The system enables managers to monitor progress toward goals, identify areas for improvement, and recognize top performers. This feature fosters a culture of continuous improvement and ensures that employees are aligned with the organization’s objectives. Ultimately, the primary goal is to enhance employee efficiency and job satisfaction within your business, and the solution indeed helps achieve that.

Top Features:

– Comprehensive company goal management

– Scheduling training

– Centralise employee data

– Performance reviews

– Employee recognition through messages

G2 Reviews:

– 4.4 out of 5

7# emPerform

emPerform is a comprehensive performance management software that simplifies the process of employee evaluation and development. With emPerform, businesses can effortlessly set performance goals, conduct regular appraisals, and provide continuous feedback. It offers 360-degree feedback capabilities, allowing a holistic view of employee performance.

The software also aids in skill development by identifying training needs and supports a culture of continuous improvement. emPerform streamlines performance management, enhancing productivity, and ensuring employees are aligned with organizational goals.

Top Features:

– Performance reviews from any location

– Peer reviews & upward feedback

– Check-in meetings and 1:1 notes

–  Pulse & satisfaction surveys

G2 Reviews:

– 5.0 out of 5 

8# Zenefits

Zenefits offers a robust performance management feature that empowers businesses to enhance employee performance. With goal setting, continuous feedback, and performance reviews, it enables companies to align individual contributions with organizational objectives. The platform simplifies tracking progress and identifies areas for improvement.

Customizable performance templates streamline the evaluation process, and detailed analytics provide valuable insights for informed decision-making. Zenefits’ performance management feature fosters a culture of accountability and growth, ultimately contributing to increased productivity and organizational success.

Top Features:

– Goal-setting

– Performance review tools

– Fully customizable review forms

– Review cycle scheduling

– One-on-One meeting

G2 Reviews:

– 4.0 out of 5 

9# PeopleGoal

PeopleGoal’s performance management feature offers a comprehensive solution for businesses to track, evaluate, and enhance employee performance. It simplifies the goal-setting process, facilitates continuous feedback, and provides a structured framework for performance appraisals.

With real-time data and analytics, it empowers organizations to make informed decisions, recognize top performers, and identify areas for improvement, ultimately fostering a culture of growth and productivity.

Top Features:

– Track and manage employee goals

– 1-on-1 meetings

– 360-degree reviews

– Customizable forms

– Dashboards and reports

G2 Reviews:

– 4.7 out of 5

10# AssessTEAM

AssessTEAM’s performance management feature is your compass to navigate the landscape of employee productivity and engagement. It offers a dynamic platform for setting precise goals, providing real-time feedback, and conducting insightful performance evaluations. Tailored to the specific needs of your organization, it fuels a culture of continuous improvement, ensuring that every team member is on the path to success. With AssessTEAM, you’ll not only measure performance but also ignite a spark of motivation, propelling your workforce towards peak efficiency and unwavering commitment to your business’s mission.

Top Features:

– Effective employee evaluation

– Project portfolio management

– Public praise

– Continuous feedback

– Review status tracking

G2 Reviews:

– 4.1 out of 5


To sum up, selecting the right performance management software for your small business can be a transformative decision. These top 10 software solutions offer diverse features and functionalities to cater to the unique needs of small enterprises. Whether you’re aiming to streamline performance evaluations, boost employee engagement, or align individual goals with organizational objectives, these tools have you covered. Remember to consider your specific requirements, budget, and scalability when making your choice. With the right performance management software in place, your small business can pave the way for improved productivity, enhanced employee satisfaction, and ultimately, greater success in today’s competitive business landscape.

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