Employee performance management tools in Microsoft 365?

So we are a relatively large organization and in drastic move, we've decided to shift from Google Workspace to Microsoft, primarily centering our employees around Microsoft Teams while trying to encourage them to use Copilot as effectively as possible. In this transition, one of the platforms we will be saying goodbye to will be our performance management software. Are there any Microsoft native performance management tools that can help us go through goal-setting, performance reviews, and feedback? Third party suggestions would also be good but only if they fit into the whole Microsoft workflow well.