Paylocity Performance Management is a popular performance management software that allows businesses to streamline their performance evaluation processes, set goals, provide feedback, and track employee performance. However, with the ever-evolving HR technology landscape, it's essential to explore alternative solutions that may better suit your organization's needs. In this article, we will discuss the 10 best Paylocity Performance Management alternatives and competitors to consider in 2024.

1. BambooHR

BambooHR is a comprehensive HR software solution that offers performance management features alongside other HR functions like applicant tracking, onboarding, and time tracking. With BambooHR, you can easily create and manage performance reviews, set goals, and provide continuous feedback to employees. The intuitive interface and robust reporting capabilities make BambooHR a strong alternative to Paylocity Performance Management.

2. Workday HCM

Workday HCM is a leading cloud-based HR management system that includes performance management functionality. It enables organizations to automate performance reviews, track goal progress, and facilitate ongoing feedback and coaching. Workday HCM offers a user-friendly interface, advanced analytics, and integration with other HR modules, making it an excellent alternative to Paylocity Performance Management.

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3. ADP Workforce Now

ADP Workforce Now is a comprehensive HR platform that includes performance management capabilities. It allows businesses to streamline their performance review processes, set goals, and track employee development. ADP Workforce Now also offers additional features such as payroll, benefits administration, and time tracking. With its robust functionality and integration options, ADP Workforce Now is a strong competitor to Paylocity Performance Management.

4. Oracle HCM Cloud

Oracle HCM Cloud is an enterprise-grade HR management solution that includes performance management features. It provides organizations with tools to conduct performance evaluations, track employee goals, and foster continuous feedback and coaching. Oracle HCM Cloud also offers advanced analytics and integration options, making it a viable alternative to Paylocity Performance Management.

5. SuccessFactors

SuccessFactors is a cloud-based performance management software that enables organizations to automate and streamline their performance review processes. It provides features like goal setting, competency assessments, and 360-degree feedback. SuccessFactors also offers robust reporting capabilities and integration with other HR modules, making it a strong competitor to Paylocity Performance Management.

6. Kazoo

Kazoo is an employee experience platform that includes performance management functionality. It allows businesses to set goals, provide real-time feedback, and recognize employee achievements. Kazoo's user-friendly interface, social recognition features, and integration options make it a viable alternative to Paylocity Performance Management.

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7. Cornerstone Performance

Cornerstone Performance is a performance management solution that helps organizations align employee goals with company objectives. It offers features like continuous feedback, performance reviews, and development planning. Cornerstone Performance also provides robust analytics and integration options, making it a strong competitor to Paylocity Performance Management.

8. Halogen TalentSpace

Halogen TalentSpace is a talent management software that includes performance management capabilities. It enables organizations to automate performance reviews, set goals, and track employee development. Halogen TalentSpace offers advanced reporting and analytics, as well as integration options with other HR systems, making it a viable alternative to Paylocity Performance Management.

9. Saba TalentSpace

Saba TalentSpace is a cloud-based talent management solution that includes performance management features. It allows businesses to conduct performance evaluations, set goals, and provide ongoing feedback and coaching. Saba TalentSpace also offers advanced analytics and integration options, making it a strong competitor to Paylocity Performance Management.

10. ClearCompany

ClearCompany is a talent management platform that offers performance management functionality. It enables organizations to automate performance reviews, set goals, and track employee development. ClearCompany also provides features like onboarding, applicant tracking, and succession planning. With its intuitive interface and robust reporting capabilities, ClearCompany is a viable alternative to Paylocity Performance Management.

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In conclusion, while Paylocity Performance Management is a popular choice for managing employee performance, there are several alternatives available that may better suit your organization's needs. Whether you prioritize advanced analytics, integration options, or a comprehensive HR suite, these 10 Paylocity Performance Management alternatives and competitors provide a range of options to consider in 2024. Evaluate these alternatives based on your specific requirements and organizational goals to find the performance management solution that best fits your needs.