Best Talent Management Software54Talent management suites encompass strategic HR processes including recruiting, retaining, developing, rewarding and motivating performance. The most common talent management modules include Applicant Tracking Systems (ATS), Learning Management Systems (LMS), Employee Performance Management (EPM), 360-degree feedback, and Succession Management. Many of the components of talent management suites were traditionally purchased separately as niche products, but suite adoption is increasing.ADP Workforce Now1https://media.trustradius.com/vendor-logos/9Z/Jg/E6O1TITPOZ3V-180x180.PNGUltiPro2https://media.trustradius.com/product-logos/PE/Cg/3O97AMG7OTTT-180x180.JPEGCeridian Dayforce3https://media.trustradius.com/product-logos/H8/gb/GRRFZG7EG952-180x180.PNGOracle HCM Cloud4https://media.trustradius.com/product-logos/LY/dc/U0EO84FFETF0-180x180.PNGCornerstone OnDemand5https://media.trustradius.com/product-logos/gZ/QS/I1UAV0Z33FHV-180x180.PNGAscentis6https://media.trustradius.com/product-logos/R5/Hg/ASVVC8N3TMIT-180x180.JPEGPaycom7https://media.trustradius.com/vendor-logos/UA/qK/2MPJ7C7UPPN2-180x180.PNGWorkday Human Capital Management8https://media.trustradius.com/product-logos/Wu/0G/8FQ1TNTS3WE6-180x180.PNGSaba TalentSpace (formerly Halogen)9https://media.trustradius.com/product-logos/p3/kn/RITE2QIF7GML-180x180.PNGSAP SuccessFactors10https://media.trustradius.com/product-logos/6Y/vD/BW9SSICI1S8J-180x180.JPEGSaba Cloud11https://media.trustradius.com/product-logos/I4/zm/9TT162AUTFA7-180x180.PNGPeopleFluent Mirror Suite for Talent Management12https://media.trustradius.com/product-logos/mb/ff/B14ZWIQADX9V-180x180.JPEGHealthStream13https://media.trustradius.com/vendor-logos/08/ab/1U910L8GFDXV-180x180.JPEGPeopleAdmin SelectSuite14https://media.trustradius.com/product-logos/MC/Z6/SSUUIL3VLK81-180x180.JPEGSilkRoad Onboarding (RedCarpet)15https://media.trustradius.com/vendor-logos/1s/at/BPWJ0XPKN3VL-180x180.PNGClearCompany16https://media.trustradius.com/vendor-logos/Aj/1x/52KTO7S25K26-180x180.PNGtalentReef17https://media.trustradius.com/product-logos/jP/BL/D933AZBJIQDZ-180x180.JPEGDeltek Talent Management18https://media.trustradius.com/product-logos/bM/wX/E86AQRV5L5NK-180x180.JPEGLumesse (Discontinued)19https://media.trustradius.com/vendor-logos/7w/1y/LSS0LCCM6OHH-180x180.PNGSilkRoad Life Suite20https://media.trustradius.com/vendor-logos/1s/at/BPWJ0XPKN3VL-180x180.PNGMeta4 PeopleNet21https://media.trustradius.com/vendor-logos/1f/TN/7D9U0455XST0-180x180.PNGTribeHR22https://media.trustradius.com/vendor-logos/73/WT/2NZDJJ5SROZ9-180x180.PNGTalentsoft23https://media.trustradius.com/vendor-logos/Uo/kx/0TE6E13HT943-180x180.JPEGPeopleStrategy eHCM24https://media.trustradius.com/product-logos/ED/8f/QQM1RNT8GKCP-180x180.JPEGEngagedly25https://media.trustradius.com/product-logos/41/xS/6XTJ4Z2V7K10-180x180.JPEG

Talent Management Software

Best Talent Management Software

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Talent Management Software Overview

What is Talent Management?

Talent management is a set of HR capabilities that are considered strategically important to the organization’s labor or workforce. Talent management software is designed to manage talent through the entire lifecycle from talent acquisition through development to reward and measurement. Talent management software helps ensure that the best people are being hired, developed, trained, and compensated to maximize value for the organization.

Talent Management Systems

Talent management software forms a continuum of activities and processes revolving around the most important resource in any organization--its people. The primary talent concerns of most organizations include:

  • Talent acquisition, especially improving the quality and strategic planning of hires

  • Speeding up the time to competency

  • Improving performance and development

  • Making sure that everyone is working on projects with the highest potential for impact

  • Ensuring that talent is rewarded and compensated

  • Finding a new generation of leaders

  • Continuously developing staff to meet the fast changing needs of the modern corporation

A talent management system is designed specifically to help organizations solve common people-related HR pain points and meet these highly strategic goals. These systems can be broadly applicable to a range of industries and talent pools. Some talent management systems focus on specialized talent pools with unique needs, such as healthcare talent management software.

Talent Management Software Features & Capabilities

Most talent management software covers these core capabilities:

  • Recruitment/ATS: Recruiting is offered either as a component of talent management suites or as standalone products. Features include job posting, candidate management, and applicant tracking.

  • Onboarding: Onboarding is the process of orienting and integrating new hires into the cultural and performance aspects of their job. The goal of onboarding is to speed up new hires' time-to-value and includes features like training tracking, assessments, and new hire portals.

  • Cascading Goal Alignment: Goal alignment features help coordinate employee's personal performance and career goals with specific, higher-level business goals and objectives. They include hierarchical goal setting, line-of-sight visibility, and performance tracking.

  • Performance Management: Performance management is the process of tracking employees' accomplishment of predetermined goals. It is measured via performance plans, status tracking, and reporting.

  • Employee Engagement: Employee engagement entails surveying employees to track engagement with culture, job satisfaction, and competency levels to target future employee development. It is a relatively new facet of talent management.

  • Learning Management: Learning management focuses on post-onboarding employee skills development and competencies, as well as customer training in some cases. The market for e-content and learning management systems offers general-use products and industry-focused offerings.

  • Compensation Management: Compensation management entails setting employee pay grades and incentive structures based on performance criteria.

  • Succession Planning: Succession planning is the identification and preparation of top talent within the company for professional growth and leadership positions. It includes the creation of succession plans themselves, as well as candidate tracking and ranking.

Talent Management Systems Comparison

To compare different talent management systems, consider these aspects of each software offering:

  1. Talent management suite vs HCM suite: Talent management capabilities exist both in standalone suites and as modules of more comprehensive Human Capital Management suites. If you already have an HR management suite and just need an external talent management product, a standalone offering may be more efficient and cost-effective. However, if you’re looking for additional HR software beyond talent management, a more comprehensive suite can pose substantial integration and data centralization benefits.

  2. Integration with other software you use: Integration and data flow within your HR environment is an increasingly important aspect of talent management, according to our study of talent management professionals and external research. In response to this need, many vendors are improving their ability to integrate with various 3rd party software. To get the most out of your own data, make sure that every product you’re considering can demonstrably integrate with the other software you’re using.

  3. User base demographics: Most talent management users skew towards larger businesses and enterprises. As businesses grow in size, they often need talent management functions that are more complex, in-depth, and varied than smaller organizations. In addition to exploring the specific features offered, look at the size of each products’ users to get a preliminary gauge of how well the product would be able to scale to fit your needs.

Start a Talent Management comparison

Pricing Information

Talent management systems’ pricing varies depending on whether or not it's housed within a larger HR Management or HCM suite. Standalone talent management solution prices can range from $10-20/month/user. Talent management features are frequent components of full HCM suites, which rarely advertise set pricing plans and can vary widely. However, pricing for HCMs and standalone talent management solutions both generally scale by the number of users.



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Talent Management Products

Listings (1-25 of 80)

ADP Workforce Now

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Top Rated
1152 Ratings

ADP Workforce Now is a cloud-based HR platform for mid-sized businesses. It features customizable modules of various HR services that businesses can tailor to their specific needs, as well as regulatory monitoring and alerts to help businesses remain compliant.

UltiPro

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Top Rated
905 Ratings

Ultimate Software delivers cloud-based HCM solutions that help businesses simplify payroll computations, accelerate talent acquisition, manage time and attendance, and support proactive, strategic talent management on a global level.

Ceridian Dayforce

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Top Rated
898 Ratings

Ceridian Dayforce HCM is a cloud-based platform encompassing HR, payroll, benefits, and talent and workforce management. It provides companies with a scalable framework and real-time data, such as continual pay calculations, to enable efficient decision-making.

Oracle HCM Cloud

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Top Rated
531 Ratings

Oracle HCM Cloud combines various human resources operations, such as Core HR functions, talent management, and workforce management, within one platform. The Cloud program provides global scaling and prioritizes mobile accessibility and integration.

Cornerstone OnDemand

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Top Rated
231 Ratings

Cornerstone OnDemand is a cloud-based application for talent management. Cornerstone offers suites for recruiting, training, performance monitoring and planning, learning, and HR data management. It is scaled for enterprises.

234 Ratings

Ascentis HR uses web-based management programs to help automate complex HR processes. It's fully integrated with Ascentis’ other services including customizable payroll, time and attendance and recruiting modules.

Paycom

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141 Ratings

Paycom is a core HR management software solution. It includes features such as talent acquisition and management, time tracking, and payroll management. It offers some automation capacities, particularly regarding payroll.

Workday Human Capital Management

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Top Rated
325 Ratings

Workday Human Capital Management is built as a cloud-based system with global consistency in user experience. Workday HCM is part of a broader system with other Workday products.

SAP SuccessFactors

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177 Ratings

SAP SuccessFactors is a suite of HR/HCM products covering these capability areas: core HR and payroll, recruiting and onboarding, learning and development, performance and compensation management, workforce analytics and planning, and employee experience management.

Saba Cloud

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Top Rated
60 Ratings

Saba Cloud is a talent management suite which includes performance management, succession planning, learning management, planning, and recruiting. The vendor intends the cloud-based platform to be highly scalable to enable continuous corporate employee development.

28 Ratings

HealthStream is a cloud-based Talent Management Suite specifically designed for the healthcare sector. Focused on training (LMS), the suite also includes performance management, competency, simulation and credentialing. HealthStream also provides research services to healthcare organizations.

PeopleAdmin SelectSuite is a talent management platform designed for Higher Education and Government organizations. Modules include analytics, applicant tracking, position management, onboarding, records management, and performance management.

SilkRoad Onboarding is a component of the SilkRoad Life Suite platform. It includes functionality for onboarding, including electronic offer support, retention during Mergers & Acquisitions, and offboarding personnel. It is optimized for enterprise organizations.

ClearCompany

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21 Ratings

ClearCompany offers an applicant tracking system with core features, including batch or mass communication, job board posting, centralized internal communications, and background checking features. It also provides onboarding automation and performance management.

19 Ratings

talentReef is a recruitment and talent management system optimized for service-sector workforces. talentReef emphasizes its support for regulatory compliance, automated workflows, and mobile accessibility across its functions for recruiting, onboarding, training, and performance management.

Deltek Talent Management is a suite of modules for talent management. Modules include Talent Acquisition, Performance, Development, Compensation, and Learning. These modules enable employee hiring, onboarding, training, and performance management.

Lumesse is a talent management suite. Its core functionality is in recruiting and applicant tracking. Lumesse also offers other recruiting features, as well as onboarding and analytics capabilities.

SilkRoad Life Suite is an integrated suite applications : OpenHire for recruiting, RedCarpet for onboarding and life events, WingSpan for performance management, GreenLight for learning management, Point and Eprise for Social Collaboration and Content Management, and HeartBeat for HRIS/HRMS.

Meta4 PeopleNet is an all-in-one integrated HR Solution providing Core HR with personnel administration, total talent management, compensation management with payroll, as well as workforce management (time and attendance, analytics). Meta4 is a Cegid company (acquired late 2019).

PeopleStrategy eHCM is a cloud-based, Software-as-a-Service Human Capital Management solution featuring integrated Payroll, Human Resources, Employee & Manager Self-Service, Applicant Tracking, Benefits Administration, Workforce Management, Performance Management, Compliance, Reporting and Analy…

1 Ratings

Engagedly is a cloud based talent management platform. There are various modules that include:Performance Appraisal 360 reviews, Real time feedback, Social praise, Goal management/OKRs eLearning Employee Surveys Employee Referrals Social Collaboration and Gamification

TrustRadius Top Rated for 2020

2020 Top Rated Talent Management Software

There are plenty of options out there, but here's our shortlist of the best Talent Management Software. These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. To qualify, a product must have 10 or more recent reviews and a trScore of 7.5 or higher, indicating above-average satisfaction for business technology. The products with the highest trScores appear first on the list. Read more about the Top Rated criteria.

Frequently Asked Questions


Why use talent management?

Talent management software is used to streamline and optimize the acquisition, compensation, and development of your business’s talent pool. It entails HR processes revolving around your talent (personnel) from recruitment to offboarding.

What are the core functions of talent management?

There are 6 core areas in talent management. Modern talent management suites should support most or all of these functions:

  • Recruiting
  • Onboarding
  • Performance management, including goal management
  • Compensation management
  • Learning management
  • Succession planning

How is talent management different from performance management?

Performance management is a subset of talent management focusing on employee goal setting and achievement, as well as company benchmarks and expectations for productivity. Talent management includes a broader set of features, including performance management, that supports employees throughout their lifecycle at a company.

How much does talent management software cost?

Talent management software cost differs based on whether it is part of a larger HR suite/HCM product or if it is a standalone offering. Standalone talent management software can range from $10-$20/user/month.

Why does talent management matter?

Talent management is crucial to sourcing and getting the most value possible out of your existing talent pool, including supporting skills development and retraining. It is also playing a growing role in retention and addressing employee engagement.