Best Performance Management Tools in 2021

With the help of employee performance management tools and techniques employee and
manager can realize how their duties impact in an organization. They can identify areas where
they need to improve. Performance management tools also help to increase productivity because
communication in organization is enhanced with this performance management tools.
Here 4 performance management software are discussed. Each tools have their unique feature for
small, medium, large enterprises. That’s why organization need to consider their needs before
choosing any.
SilkRoad Technology: It is a cloud-based tool which assist professional in optimizing talent
management. SilkRoad Applicant Tracking System (ATS) offers a high-powered applicant
tracking system to quickly find, attract, screen and hire top talent. It build security to safeguard
employees data. Their main purpose is to :
 Identify, engage and develop existing talent to take on new roles
 Support employees through transitions
 Set goals and performance standards for new jobs aligned to business strategy
 Upskill or reskill talent
 Maintain engagement through transformative change
 Best-in-class expertise for effective, lasting change
 Digital transformation for the enterprise of tomorrow
Workday: It is a online cloud based HR and Financial planning software.It grows and changes
with company. They work with human capital management,talent management,payroll and
workforce management, financial management and many more. Purpose of Workdays Human
Capital Management (HCM) is:
 To help organization deliver curated recommendations, suggested learning, and
personalized career guidance to every employee—and do it at scale.
 People analytics to guide your decisions.
 Automation to make work less work.
 Flexibility to set the right rewards.
 Tools to support agile careers.
 Recruiting to help you build diverse teams.
 Cost consuming
Bamboo HR: It founded in 2008 and now they have 15000 customers who have more 1500000
employees. They mainly focus on small and medium business and employees who work in them.
It is affordable and easily allows or management of essential employee information. Their
software makes it easy to collect, maintain, and analyze people data, improve the way they hire
talent, onboard new employees, manage compensation, and develop company culture. It’s
designed to set free to focus on what matters most.
Oracle: Their main feature include workforce management , talent management, service
delivery and global human capital management. It is also use for calculating compensation.