Performance Appraisal Software FAQs
What is performance appraisal software?
Performance appraisal software can be either standalone talent management software, or a tool or feature within a larger HR software system. It is used as an electronic record of employee performance, feedback, goals, and compensation related to performance. Performance appraisal software helps managers compare their employees’ performance with a predefined set of standards.
How much does performance appraisal software cost?
The three main pricing models are pay per user, pay per employee (regardless of how many employees are actually using the software), and pay per appraisal. There are both one-time fees and monthly payment plans.
Pay per user prices range from $3 to $10 per month with set-up fees that can go up to $2,000.
Pay per employee is based on the size of the company but is a lower price range: $1.50 to $5 per employee, per month, in addition to similar one-time fees.
Pay per appraisal software ranges from $15 to $40 per evaluation, per month.
What are some common performance appraisal software features?
The most common performance appraisal software features include a manager’s dashboard, goal and task tracking, performance notes, feedback tools, employee and company reports, and a rating system.
What are the benefits of using performance appraisal software?
Performance appraisal software allows for a more immediate review of employee performance, rather than just annually or semiannually. Year-round observations recorded into a collaborative database give users a more accurate representation of their employees’ performance. Performance appraisal software can lead to increased retention and employee development, and a strengthened company culture as well.
Are there free performance appraisal software options?
There are very few (if any) free performance appraisal software options. However, there is HR software that includes free performance appraisal features and tools.
- Full Performance Appraisal Software List