Impactful Performance Management Software
Factorial provides deep insights into the performance of your employees through competency tracking, as well as tools for automated evaluations and 360° reviews. That way, you can give objective and accurate feedback to boost the growth of your team.
Why should you digitise your team's performance review process?
Providing continuous feedback to team members is integral to both the growth of your employees and your business. Here’s why automating the performance management process is the simplest way to do just that.
Try it free for 14 days
Streamline talent management, performance appraisal, new hire and OKR management with Factorial.
Automate the review process
Choose the frequency and leave the rest to us.
Create personalised reviews that resonate
Tailor appraisal questions to each individual so you collect more actionable and personal answers that will drive the development of your team members.
Propel performance with data-driven decisions
All responses are centralised within our HR performance management system and integrated with Factorial's Analytics tool, giving you complete visibility over your team and the insights to make better decisions.
Identify competencies to nurture
Confidently spot skills gaps and create tailored improvement plans using our performance management software.
Encourage and monitor training
With our performance management tools, you can identify areas for growth and implement training plans to boost it.
Get more out of your 1:1 meetings
Have more meaningful and impactful conversations with your team members with the help of our performance management tools.
Store information
Easily view a record of past meetings.
Review your notes
Add notes and comments about the employee and meeting.
Plan your meetings
Set an agenda to discuss areas for improvement to review during your next chat.
Watch our Performance Management System in Action
See how it all works for yourself in this quick overview of our performance tool.
All-in-one HR software
Our employee review software is just the tip of the iceberg. Manage your team's time, holidays, payroll, performance and more, all from one place, with Factorial.
FAQs about Performance Tracking Software
Find the answers to the most commonly asked questions about performance management software.
What is performance management software?
Performance management software is a digital tool designed to streamline and automate the performance review process within organisations.
Who uses performance management systems?
HR professionals, managers, and employees use performance management systems to facilitate objective assessment, set goals, and enhance communication.
What are the key features and components of performance tracking software?
Key components include goal setting, continuous feedback, 360-degree reviews, data analytics, and customisable templates for evaluating employee performance.
What problems does performance management software solve?
It addresses issues related to manual processes, lack of real-time feedback, and inconsistency in performance evaluations, promoting fairness and efficiency. It also boost employee engagement and participation in the feedback process thanks to self-evaluation tools and ease of use.
How does performance management software help to make better decisions?
By providing data-driven insights, performance management software aids in making informed decisions about talent development, training, and overall workforce optimisation. Not only can you set performance KPIs with these tools, but you can also monitor progress towards them using skills matrixes and competency tracking. Tools such as the 9-box grid can also help to visualise performance and potential, helping to identify top performance and improve succession planning.
What are performance management software integrations?
Performance management software often integrates with HR systems, payroll software, and other tools to ensure seamless data flow and a comprehensive view of employee performance across various aspects of the organisation. Thanks to our open API, Factorial is designed to seamlessly integrate with systems your company already has in place to ensure data consistency and reduce manual data entry. Read the full list here.
Learn more about Factorial
With Factorial you can enhance your performance management by managing the ATS, onboarding/offboarding and OKRs of your employees. Find out how!