Performance Management platforms replace annual appraisals with continuous feedback cycles, structured manager-employee check-ins, and real-time goal tracking — driving employee development and accountability. Core capabilities include performance review workflows (annual, quarterly, continuous), 1:1 meeting templates and conversation guides, goal setting and tracking (often OKR-integrated), 360-degree feedback, competency frameworks, calibration sessions, performance rating and compensation tie-in, and analytics on performance trends and manager effectiveness. The category spans dedicated performance platforms (Lattice, Culture Amp, 15Five, Betterworks, Reflektive) and performance modules within broader HCM suites (Workday, SAP SuccessFactors).