Here’s information on the performance management process. Once you define what it is specifically you’re looking for, you can narrow down your choices of vendors. Most of the vendors let you set KRAs & KPIs as part of “goal setting”. All of them provide “evaluation” and most performance management software tools have a self-service option for staff. However, if you want to link to incentives, you’ll often need a way to pull the data from your performance system into your payroll or incentive system. That’s best done with software like Zenefits that offers HR, performance management and payroll in one modularized system.
Other payroll software, like ADP Total Source and Paycor have similar performance management modules you can add on to their payroll system to make the integration easy. You didn’t mention what payroll software tool you’re using — that may make a difference unless you’re comfortable exporting performance data to a CSV file and then importing it into your payroll program.
Best of luck to you!
Laura, Sr. HR Staff Writer