Ultimate Software delivers cloud-based HCM solutions that help businesses accelerate talent acquisition, simplify payroll computations, manage time and attendance, and support proactive, strategic talent management.
Talent Management Software
Best Talent Management Software
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Talent Management Software Overview
What is Talent Management?Talent management is sometimes considered a synonym for performance management. However, in reality, talent management software is a set of HR capabilities—including but not limited to performance management—that are considered strategically important to the organization. One possible definition is that talent management software is designed to manage talent through the entire lifecycle from talent acquisition through development to reward and measurement, in order to ensure that the best people are being hired, developed and trained and compensated to maximize value for the organization.
Talent Management Solutions
The primary constituent elements of talent management suites form a continuum of activities and processes, revolving around the most important resource in any organization--its people. The primordial talent concerns of most organizations include:
- Talent acquisition, especially improving the quality 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 HR pain points and meet these highly strategic goals.
Talent Management Software Features & Capabilities
Recruitment/ATSRecruiting, or talent acquisition, is considered a key component of talent management. These features may be delivered as a module within a talent management suite, or through integration with a standalone recruiting/ATS tool. Typical recruitment features include:
- Job requisition management
- Company website posting
- Social media publishing
- Job search site posting
- Customizable application forms
- Resume management
- Duplicate candidate prevention
- Candidate search
- Applicant tracking
- Task creation and delegation
- Email templates for communication with candidates
- User permissions
- Notifications and alerts, particularly for interviews
- Standard reports on key recruiting metrics such as time-to-fill
OnboardingEmployee onboarding is the process or orienting new hires to the social and performance aspects of their jobs so that they are able to function in their new roles as quickly as possible. Talent management features to help with onboarding often include:
- New hire portal
- Manager tracking tools
- Compliance tracking and reporting
Performance Management & Compensation ManagementPerformance management is the process of ensuring employees meet pre-determined objectives and goals through regular check-ins and appraisals. Compensation management involves determining employee pay grades (salary, bonuses, commission, etc.) based on performance metrics. Features around performance and compensation management are:
- Performance plans and performance improvement plans
- Plan weighing
- Manager note taking
- Review status tracking, review reminders, and review transfer
- Multiple review frequency
- Rater nominations and rater nomination workflow
- Workflow restrictions
Goal AlignmentTalent management solutions often have features that help to measure and improve performance in relation to specific business goals. Goal alignment is the practice of ensuring that all employees have clearly defined goals in support of the overall corporate strategy. The term "cascading goal alignment" refers to the synchronization of goals at different levels. These features support goal alignment:
- Corporate, subordinate, and individual goal setting
- Non-hierarchal goal setting
- Performance tracking
Succession Planning & Learning ManagementSuccession planning is the identification and development of internal employees with the potential to fill key business leadership positions in the company. Learning management is the process of planning and assisting with employee training in new skills, often to prepare employees for new and/or higher level positions; standalone learning management systems are available. Internal succession is often dependent on successful learning management. Features in this area allow users to:
- Create succession plans/pools
- Rank candidates
- Manage and update employee profiles
- Search for candidates
- Add new candidates
- Assign learning and development goals to candidates
Talent Management Products
Listings (1-25 of 95)
ADP Workforce Now is an cloud-based HR platform for mid-sized businesses.
Dayforce is a global human capital management (HCM) platform that aims to transform the employee experience. It unifies data from across the entire employee lifecycle with the goal of enabling better decision-making at every level. Dayforce is a comprehensive cloud platform that combines HR, payr...
Oracle HCM aims to go beyond the basics of HR. According to the vendor, an attractive UI, social, mobile, and reporting capabilities are now table stakes of every HR solution. Oracle HCM aims to allow its users to become strategic leaders of talent, by being engaging, informative, and adaptable.O...
Cornerstone OnDemand is a cloud-based application for talent management. The company's solutions help businesses recruit, train, manage and engage their employees.
Halogen Software offers a cloud-based talent management suite that reinforces and drives higher employee performance across multiple talent programs, including recruiting, performance management, learning and development, succession planning and compensation. Halogen Software aims to help organiz...
iCIMS is an applicant tracking software for companies of all sizes. The tool's talent recruiting and management functions include a wide range of features such as social recruiting, talent sourcing and onboarding.
Bridge is a corporate-focused learning management software solution offered by Instructure.
Cornerstone PiiQ is an SMB offering formerly known as Sonar6, that was acquired by Cornerstone in 2012. PiiQ is aimed at small-to-medium sized businesses, and has recently expanded beyond performance review functionality to include a learning management system.
Kenexa was acquired by IBM in 2012. the Kenexa suite contains recruiting, performance management, assessment, learning, on-boarding, succession management, compensation, and analytics. It's strongest offering is around recruitment.
PeopleFluent provides a cloud-based talent management suite comprised of applications for Recruiting, Performance Management, Compensation, Learning, Succession and Vendor Management as well as Workforce Planning and Diversity. Available as singular products or bundled together as integrated solu...
Saba is a talent management suite which includes performance management, succession planning, learning management, planning, and recruiting.
PeopleAdmin is a talent management suite focused on Higher Education and Government clients.
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.
Snag (formerly PeopleMatter + Snagajob) is a recruiting and workforce management platform designed to fit the specific needs of service-industry brands. Users can find applicants, hire employees, train workers, schedule teams, and evaluate performance using the Snag platform.
SilkRoad Onboarding (formerly RedCarpet Onboarding) is SilkRoad's employee onboarding module and is one component of the Life Suite platform.
talentReef is an all-in-one Recruiting and Talent Management System. It is designed to support the nuances and complexities of the hourly and decentralized workforces talentReef’s Social Recruiting and Talent Management platform includes tools to find, hire, train, and manage talent. talentReef a...
The Deltek Talent Management platform includes Applicant Tracking, Performance Management, Learning Management, and Career Development & Succession Planning on a single platform. The software is based on technology acquired with HRSmart, which is now owned and supported by Deltek since the Ma...
Lumesse is a UK-based vendor best-known for its recruitment capabilities. It has, however, expanded its offering into a complete talent management suite. The company has about 2,000 customers mostly in Europe.
Kudos is an employee performance and talent management software solution.
ClearCompany offers their Talent Management Platform to enterprises, featuring performance tracking and employee review, employee goal setting and tracking, and role management. The ClearCompany platform also includes an applicant tracking system to support recruitment, with onboarding workflow, ...
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.
EchoSpan provides software-as-a-service tools for managing professional 360-degree feedback, automated development planning, performance reviews, and goal management.
TINYpulse is a survey and employee engagement management software solution built to help users manage employee feedback and engagement.