24 Performance Evaluation System Manufacturers in 2024
This section provides an overview for performance evaluation systems as well as their applications and principles. Also, please take a look at the list of 24 performance evaluation system manufacturers and their company rankings. Here are the top-ranked performance evaluation system companies as of November, 2024: 1.AssessTEAM, 2.Lattice, 3.HR Cloud.
Table of Contents
What Is a Performance Evaluation System?
A performance evaluation system is a tool designed to assess employees, identify their strengths and weaknesses, and provide feedback to enhance performance. It is an essential element in managing and developing human resources in organizations. The use of a performance evaluation system allows managers to identify both outstanding performance and areas for improvement. Consequently, it enables management to make well-informed decisions regarding promotions, salary increases, and other benefits based on sufficient information.
Performance evaluation systems typically define expectations and performance criteria for each role, aiding employees in better understanding their roles and responsibilities. Additionally, it helps managers identify areas where employee skill development is needed, contributing to overall organizational productivity and efficiency.
Uses of Performance Evaluation Systems
The performance evaluation system plays a crucial role in managing and developing human resources in all organizations. One of its primary objectives is to evaluate employee performance. This evaluation involves setting clear performance criteria and expectations for each role, which are conveyed to employees at the beginning of each performance period.
Furthermore, the ultimate goal of the performance evaluation system is to enhance employee performance. By conducting performance evaluations, identifying strengths and weaknesses, providing feedback, pinpointing training and development needs, and making decisions based on information, organizations can foster a culture of continuous improvement. As a result, employee productivity, efficiency, and job satisfaction can be improved.
Principles of Performance Evaluation Systems
The principle of a performance evaluation system is to secure suitable talent in appropriate positions to achieve the organization's strategic goals. Designed to manage the entire employee lifecycle, from recruitment and training to performance management and succession planning, a well-constructed performance evaluation system assists organizations in attracting, retaining, and enhancing the productivity of outstanding talent.
Types of Performance Evaluation Systems
There are various types of performance evaluation systems, each with its characteristics and advantages. The appropriate type varies based on the organization's specific needs and goals, making it crucial to confirm the required content.
- Traditional Performance Evaluation System: The traditional performance evaluation system is the most common method for assessing employee performance. Typically conducted annually or biennially, this system involves periodically reviewing employees' job performance. Standardized forms are commonly used to evaluate employees on various factors such as productivity, job knowledge, and communication skills.
- 360-Degree Feedback Evaluation System: The 360-degree feedback evaluation system assesses performance by collecting feedback from various sources, including supervisors, colleagues, subordinates, and customers. Utilizing this system allows obtaining feedback from multiple perspectives, helping individuals understand the impact of their performance on those around them.
- Performance Appraisal System: The performance appraisal system is a type of performance evaluation system that focuses on specific goals and objectives related to job responsibilities. It involves setting specific performance goals for each employee and evaluating progress toward achieving those goals.
List of 24 Performance Evaluation System Manufacturers
*Including some distributors, etc.
Sort by Features
- Default
- Company Size: largest first
- Year Founded: oldest first
- Year Founded: earliest first
Sort by Area
- Spain
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Qualtrics
Performance Management System
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Quintela Group LLC
Performance Management System
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Hirezon Corporation
Performance Evaluation & Management System
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Bamboo HR LLC
Performance Management Software
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GetBridge, LLC
Performance Management System
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PerformYard
Performance Management
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Lattice
Performance Review
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ClearCompany, Inc.
PERFORMANCE MANAGEMENT SYSTEM
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JCM Consulting, Inc.
Performance Evaluation Program
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Engagedly
PERFORMANCE REVIEW SOFTWARE
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Aderant
Performance Management Software
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AssessTEAM
Employee evaluation software on the cloud
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MdE, Inc.
Performance Evaluation
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Zavvy GmbH
Performance Review Software
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Quantum Workplace
PERFORMANCE MANAGEMENT SOFTWARE
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Paycom Payroll LLC
Performance Management software
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Profit.co.
Performance Management Software
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Paylocity
Performance Management Software
Company Overview
Paylocity, an American company established in 1997 and headquartered in Schaumburg, Illinois, is a software development supplier specializing in cloud-based HR and payroll software solutions. The company's product portfolio includes payroll processing services, time and attendance tracking, as well as workflows and document management. These products find application in various sectors including financial institutions, technology and professional services, and transportation and logistics. The company offers services, including tailored HR and payroll solutions designed to meet the specific needs of various industries, including financial services, healthcare, and religious organizations.
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Trakstar
Online Performance Review Software
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Zoho Corporation Pvt. Ltd.
Performance Management
Distributor Overview
Zoho Corporation Pvt. Ltd., founded in Chennai, Tamil Nadu, in 1996 is a supplier of operating systems and unified cloud software. The company's product portfolio includes IT Management, Social Media Management, Invoicing, Accounting, and Email Marketing software. The company serves markets including education, finance, BI & Analytics, Legal and security and IT management. The company also offers customer services that include global technical support, customized software, product selection and customer support.
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Performance Evaluation System Manufacturer Ranking
*Including some distributors, etc.Ranking as of November 2024
Derivation Method| Rank | Company | Click Share |
|---|---|---|
| 1 | AssessTEAM |
50.0%
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| 2 | Lattice |
16.7%
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| 3 | HR Cloud |
16.7%
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| 4 | Trakstar |
16.7%
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Derivation Method
The ranking is calculated based on the click share within the performance evaluation system page as of November 2024. Click share is defined as the total number of clicks for all companies during the period divided by the number of clicks for each company.Number of Employees
Newly Established Company
Company with a History
Global Distribution of Performance Evaluation System Manufacturers by Country
*Including some distributors, etc.
| Country | Number of Companies | Share (%) |
|---|---|---|
Spain
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1 | 100.0% |
