Performance appraisal software manages and simplifies employee performance reviewing processes in an organization. The software helps in setting larger objectives and enables employee self evaluation. Organizations can identify the competence of their employees with its feature set that include, ongoing performance tracking, objective/goal setting, appraisal history tracking and self-appraisals.
The deployment of the software is mostly on cloud. It is instrumental in engaging managers and boosting performances of employees with the use of tools like career and development planning, information sharing, stack ranking, electronic record-keeping, interdepartmental communication, real-time reporting, performance rating and 360 degree feedback.