Talent Management Software

Top Rated Talent Management Products

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. Read more about the Top Rated criteria.

Talent Management Software TrustMap

TrustMaps are two-dimensional charts that compare products based on trScore and research frequency by prospective buyers. Products must have 10 or more ratings to appear on this TrustMap.

Talent Management Software Overview

What are Talent Management Systems?

Talent management is a set of capabilities that are considered strategically important to the organization’s labor or workforce. Talent management systems are designed to manage talent through the entire lifecycle from talent acquisition through development to reward and measurement. Talent management systems help ensure that the best people are being hired, developed, trained, and compensated to maximize value for the organization. HCM suites will often include talent management capabilities as well.

Talent Management System Processes

Talent management systems form 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 systems cover 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. Integrations: 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.

More Resources

Talent Management Products

(1-25 of 79) Sorted by Most Reviews

Phenom Talent Experience Management (TXM) Platform
The Phenom Talent Experience Management (TXM) Platform, from Phenom People in Ambler is a cloud-deployed applicant tracking and recruiting platform with built-in talent analytics, manager tools, and employee retention features as well.
Talent Cloud
Talent Cloud® is an award-winning Software as a Service Talent Management suite of products that includes Performance Appraisals, 360-degree feedback, Engagement, Succession Planning, Career Pathways, Skills Audit & Certification. The core of Talent Cloud® is driven by the business user’s compet…
Mereo is a platform, that is designed to address several essential business management processes. The vendor’s value proposition that the platform brings together various services in an integrated, convenient and efficient manner. Users accessing Mereo platform can: - Plan the strategic challenges…
Herd Wisdom
Herd Wisdom is an employee performance and talent management software solution.
MidlandHR iTrent
iTrent is a single solution for talent management, workforce planning, HR and payroll:.It can be implemented in a number of ways: in-house implementation, hosted implementation, SaaS, or as a fully outsourced HR & payroll function.
PSI True Talent (formerly Align Talent)
PSI Talent Talent (replacing the former Align Talent) is an employee performance and talent management software solution offered by PSI Talent Management (formerly Performance Assessment Network, or PAN).
TalentGuard is a SaaS talent management suite of applications including performance management, career planning, succession management, and leaning management. These applications can be purchased separately or as components of the whole suite.
Cezanne HR
Cezanne HR is a SaaS consisting of a core People module with optional modules for Absence Management, Performance Management, Time Tracking and Recruitment.
TalentObjects by Lumesse is a talent management suite for the Salesforce App Cloud.
Talentia HCM
Multinational company Talentia Software headquartered in France offers Talentia HCM, an integrated but modular human capital management (HCM) and talent management suite of applications.
CareerPlug's applicant tracking software is designed to help business owners, HR leaders and hiring managers attract, evaluate, hire, and onboard top talent. The vendor’s value proposition is that CareerPlug's platform is easy for hiring managers to use from any device and gives leaders the tools th…
ProSky is a talent management platform focused on talent acquisition, with company branding, collaboration, projects and challenges, scheduling, and onboarding functionality. It allows users to evaluate job candidates real-time, and is built around the goal of recruiting and hiring the best diverse …
Synergetia is a cloud-based performance management and analytics solution. The vendor says their solution is easy to use and integrates with existing applications and processes. Synergita is designed to automate employee talent data, employee goals alignment, continuous employee performance reviews …
WorkConnect by SAP
WorkConnect by SAP aims to reduce the stress of the hiring process with easy job posting and candidate management. This solution is designed to enable recruiters to post job listings to multiple industry-leading job boards in the US, Canada, UK, and France. Recruiters are notified when an applicati…
Ramco HCM with Global Payroll
Ramco Global Payroll is compliant across 40+ countries covering ANZ, Asia (including China & Japan), Middle East & Africa. With integrated Core HR, Compensation Management, Time & Attendance and Expense modules, Ramco offers a unified Payroll solution that can be deployed on-cloud and on…
Fuel50 FuelFactors
Fuel50 offes FuelFactors, a career path software that promises to empower companies to deploy career growth initiatives to attract and retain talent while boosting engagement and productivity. Fuel50 says it enables businesses to efficiently and cost-effectively manage cross-generational expectation…
The vendor says that since 2003, eSkill has been an expert provider of effective online skills testing for applicants to companies, including Coca-Cola, Zappos, FedEx, LG, and Paychex. They work with our clients to develop an integrated approach to hiring, from prescreening to job analysis. With eSk…
PeopleStrong Alt
PeopleStrong Alt is an hr solution that spans core HR and the talent lifecycle of recruitment through exit.
LifeWorks in Atlanta offers their employee wellness and engagement HR platform, combining health and wellness services with a rewards program, perks and savings guidance, and inbuilt analytics.
HealthStream Checklist Management
Checklists are straightforward tools that support any situation—from the simplest to the most complex—faced in healthcare on a daily basis. Whether they represent a routine process in the laboratory, a cleaning procedure for maintenance, or a rare patient procedure for nursing, the power of checklis…
TCS Chroma
Tata Consultancy Services (TCS) offers Chroma, a cloud-based enterprise level talent management system.
InnerMobility is an AI-powered internal talent marketplace that aims to help companies foster personal development while driving growth. Businesses can use InnerMobility to match employees with opportunities from part-time projects, to full-time moves, talent swaps, and mentorships. According to the…
KEA is a talent management, corporate learning, and employee engagement solution. It personalizes user experience with the help of AI conversation engine and machine learning. According to the vendor, it is responsive, intelligent and track-able. KEA allows an employee to convert any document into ‘…
Comenius Talent Management Cloud
The Comenius Talent Management Cloud is designed as a comprehensive enterprise solution, from the Visma Group headquartered in Oslo.
Accendo Technologies TalentPulse
TalentPulse is a cloud-based strategic talent management solution designed to eliminate misalignment between business strategy and talent. The solution enables HR to implement an effective talent strategy and take the right talent decisions by bringing together data from multiple systems and enablin…

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.