VIDEO: Types of Performance Management Software: Streamline Your Workforce & Optimize Performance

Hey it’s Justin Fraction with Technologyadvice. You know what questions I get asked a lot? Justin, how many jobs have you had? Justin, is it true you were a part of the moon landing? Justin, what's your skincare routine? But you know the one question that I haven't gotten yet? Justin, what types of performance management software on the market? Well, today’s your lucky day, because I’ll be answering that question for those of you who aren't sure what performance management software options are available and what they could potentially do for you and your business.

So here are four types of performance management software you should know about. Starting off the list is Performance Review Software. As the name suggests, this type of pm software lets managers evaluate the performance of their direct reports. The software usually measures employee performance on a set cadence throughout the year based on standardized metrics and self evaluation. Next is KPI software. Key performance indicator, or KPI, software is a performance management tool that automatically tracks how well an organization, its departments, teams, or individual employees are performing against company goals and objectives.

KPI software also ensures that employee goals align with department and organization objectives. Up next is 360 degree Feedback Software. This type of performance managemt software gathers feedback from multiple sources instead of focusing on manager reviews. It provides each employee with a performance assessment based on the views of their colleagues, clients, and leaders. And if that wasn’t enough, it also allows employees to provide assessments of their managers.

Giving employers and employees a true 360 degree review experience. And finally, Employee Recognition software. This type of pm software allows the distribution of rewards and recognition in the form of cash incentives, bonuses, or public acknowledgement of employees’ efforts and contributions.hich can be a tool for maintaining high morale and retaining top talent. That wraps up the top performance management software that you should know about. If you’d like to know more about performance management software then checkout this playlist we created just for you.

But, if that’s not enough, head over to technologyadvice.com for more options. And if you stuck around for my skincare routine, the answer is eight hours of sleep and good genetics. Till next time, see you guys!