Performance management is the process of evaluating how well a company or individual is performing against a predefined criteria. In this context, performance management refers to how an organization measures an employee’s job performance, as well as measuring how well the organization is performing against employee expectations. 

To ensure structured career growth, a company typically uses a performance management software system to conduct and capture feedback, review cycles, and praise, and to have a repository of data that can be kept for future reference. 

Performance reviews are the cornerstone of performance management. But, performance management refers to the entire process—from writing reviews to giving regular constructive feedback and offering praise. 

To drive the performance management process internally, a company often uses a software system that streamlines the process of conducting review cycles, providing praise, and collecting constructive feedback.

You should use performance management software if you want an easy way to conduct performance reviews, analyze data, and help your employees grow and perform at their best—while also reducing administrative work and improving employee experience.