10 Best Talent Management Software of 2023

Trakstar is a talent management system that can help you create and track the metrics and goals of employees. Properly communicating these goals to employees can help them understand their goals and what they need to achieve them. You can use Trakstar to create company pulse surveys to understand better what motivates them so you can improve employee engagement. Trakstar can also help you identify promising talent among employees so you can plan your company’s future by developing them as leaders.

Employees who deliver exemplary performance deserve recognition not just to reward them for their work but to inspire others, and Trakstar is an excellent talent management system if you want one that can help you identify high performers. Trakstar can help you create customized rating scales and competencies to effectively gauge employees using the metrics that matter to your company. The software also lets you involve managers, peers, and clients in the performance assessment process by gathering their feedback. Trakstar also has self-evaluations to encourage self-reflection and gain insights on how employees perceive themselves and the impact of their contributions to your company.

Deel is a comprehensive global workforce management software that provides local expertise in over 150 countries. It gives admins a complete overview of their entire workforce no matter where in the world they’re located, and can be used to manage both employees and contractors.

The company can be the employer of record for international employees, and handles both payroll and benefits on your behalf so you don’t need to open up a foreign entity. When you work with contractors, it helps you avoid misclassification and provides legally-reviewed contracts you can use. The company also offers a global mobility service, which can help you with visa sponsorships to bring in candidates from abroad.

The software includes features like contract management, expense reimbursements, and off-cycle adjustments. It integrates with other HR and accounting tools like Ashby, BambooHR, Expensify, Greenhouse, Hibob, Netsuite, Okta, OneLogin, Quickbooks, SCIM, Xero, Workday, and Workable. It also has an Open API that you can use to build custom integrations.

Insperity is a cloud-based HR software that offers an integrated suite of tools for managing talent and HR functions. It offers various features such as performance management, compensation management, onboarding, and offboarding, compliance management, and more.

As an HR manager, I have found Insperity to be one of the most comprehensive HR software solutions for managing talent. It is user-friendly and has a wide range of features that have made my job much easier.

One standout feature of Insperity is the performance management module that allows me to set goals, track progress, and provide feedback to employees. Another great feature is the compensation management module, which helps me manage employee compensation and benefits.

Insperity integrates with various HR tools such as Applicant Tracking Systems (ATS) and Payroll software, which allows me to streamline my HR processes and manage everything from one platform. The integration with various HR systems has made it much easier for me to manage all HR tasks efficiently and effectively.

PerformYard is a performance management software that provides flexible features for HR teams to foster an effective talent management system. It gives you the tools you need to build out your talent management strategies, while employees get a streamlined experience so they can focus on quality feedback and effective performance discussions.

With PerformYard, you can customize the software to fit the talent management strategy that’s right for your organization, including 360-degree reviews, project-based reviews, rating scales, continuous feedback, or cascading goals.

PerformYard provides a simple employee experience that facilitates feedback and quality conversations. They provide dedicated customer success managers for every customer to manage their implementation from onboarding to employee training, to ongoing support.

PerformYard integrates with most major HRIS/Payroll systems including ADP, BambooHR, Gusto, Rippling, UKG, Paycom, Workday, and Paylocity.

ClearCompany is a talent management system for better hiring experiences, seamless onboarding, and company-wide goal alignment and performance management. They boast all the features you need to source, onboard, train, and retain the best talent.

Quickly set up 1:1s, including custom scoring tables, weighted sections, and free-form responses; access candidate sourcing, automated screening, grading, and interview scheduling; easily build talent pools compliant with EEO/OFCCP; and more. The ATS, Onboarding, Engagement, Performance Management, and reporting tools can improve HR efficiency and the employee experience

ClearCompany is best for companies based in the U.S. and Canada.

ClearCompany integrates with tools for assessment tests, background checks, calendars, job postings, payroll and benefits, and SSO.

Remofirst is a complete human resources information system (HRIS) that can be used for payroll management and employer of record (EOR) purposes. It's a cloud-based solution that can be used by businesses of all sizes, particularly those that employ remote or global employees and contractors. The software's talent management module provides you with an employee database, performance tracking features, regulatory compliance, and candidate hiring and onboarding tools.

Managers have a complete view of their entire team in the platform, including specific details like people's title or role, location, and salary. All this information is gated according to access permissions set by admins. Payroll can be administered in multiple currencies and employee benefits can be managed, including health insurance and financial benefits. Time-off requests can also be made through the system.

The software can help you maintain compliance with international regulatory standards, tax, and labor laws, and the company's team of support staff can help you uphold employment regulations in over 150 countries. This is especially useful for organizations that want to hire employees and contractors in countries or regions where they have no physical presence or legal entities of their own.

Pricing starts at $199/person/month for EOR and $19/person/month for contractors. A free demo is available.

Cegid’s Talentsoft platform (formerly Hello Talent) combines the functionality of an employee engagement platform with a talent acquisition and management platform.

Beginning with recruiting, the system encourages collaboration between managers and employees throughout the search for new talent. By using their co-option app, employees can recommend candidate profiles from their personal networks in just a few clicks. To help facilitate recommendations, you can even embed a point system for employee referrals that is customized for your business.

To bolster employee retention, Cegrid designed an intuitive internal mobility tool to help existing employees identify new career opportunities within their organization. Other features also allow teams to promote cross-disciplinary projects to help employees remain proactive in their own skill development.

SAP stands for “Systems, Applications, and Products in Data Processing” and was founded in 1972 in Walldorf, Germany. Originally specializing in enterprise resource planning, they now do TMS as well, including robust features for global talent sourcing and team goal management.

SAP supports talent management success at the enterprise level by tapping into the four pillars of talent management: recruiting and onboarding, performance management, learning and development, and compensation management. They also have a variety of tools that can integrate with their talent solutions. For example, they have connections for common document authoring, document management, and identity management systems. This scored them well in the Integrations segment of the evaluation.

A few cons to note are A) the cost of the software can really add up if you need various services/packages and B) reporting could be more intuitive and automated and, as it stands currently, requires significant manual intervention.

Recognized by Insights Success Magazine as a “Disruptor of the Year,” Bullseye Engagement provides solutions for a 360 employee review and evaluation, engagement and pulse surveys, goals management, compensation planning, and talent matching.

The feedback loop of this tool is easy and satisfying, engaging users with notifications, role-based appraisals, comments and notes, employee history access, an organizational chart, a social media wall, direct reports coaching, and communication tracking.

With a dated and clunky user interface, Bullseye Engagement lost some marks in the UX category of the evaluation criteria section. The software looks much older than it is and does nothing to create a seamless, clean experience.

MightyRecruiter lets you start sourcing immediately by posting your jobs to 29+ job boards for free. Additionally, they offer automated candidate delivery, easy applicant tracking, and candidate ranking and matching with the ability to integrate with your existing ATS.

Obviously, with a price tag of zero, MightyRecruiter takes the cake for Value for Cost per our evaluation criteria. They scored very well in this regard, making it a great option for small businesses or startups.

Because this is a free tool, they are limited in what job boards they can connect to when it comes to posting and distributing a listing. Additionally, it can take a while for a job posting to start circulating—up to 48 hours.