performance management software

Performance management software is a computer program or suite that makes it possible for an organization to monitor and optimize the overall effectiveness of its workforce at the individual and collective levels. A good performance management program can help an enterprise to attract and keep the best possible talent.

Performance management software focuses on workforce productivity, efficiency, and progress. Performance reviews take place on a continuing basis at an administrative level. Reviews also facilitate medium-term and long-term performance forecasts at a strategic level. An effective performance management program must interact with other tools, in particular workforce analytics.

Other desirable features and goals of performance management software include:

  • Keeping employees motivated.
  • Helping employees track their progress within the organization.
  • Helping employees plan their futures in the organization.
  • Providing a Web site for employees to monitor their own data.
  • Eliminating task redundancy.
  • Tying employee compensation to individual achievement.
This was last updated in March 2012
Posted by: Margaret Rouse
View the next item in this Essential Guide: social sourcing or view the full guide: Talent management system essential guide

More News and Tutorials

There are Comments. Add yours.

 
TIP: Want to include a code block in your comment? Use <pre> or <code> tags around the desired text. Ex: <code>insert code</code>

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
Sort by: OldestNewest

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

Research More Tech Terms

  • Search thousands of tech definitions
  • Browse tech definitions
    Browse Alphabetically:

Powered by WhatIs.com

File Extensions and File Formats

File Extension and File Formats List:

Powered by WhatIs.com