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10 Best Talent Management Software of 2023

The Best Talent Management Software Shortlist

Here’s my shortlist of the best talent management software I’ll discuss in this article, with detailed summaries below:

  1. 1. Trakstar — Best talent management software for identifying high performers
  2. 2. Deel — Best for managing global talent in over 150 countries
  3. 3. Insperity — Comprehensive HR software for talent management
  4. 4. PerformYard — Best for linking talent management and performance management processes
  5. 5. ClearCompany — Best talent management software for analytics covering the full employee lifecycle
  6. 6. Remofirst — Best for managing global and remote workforces
  7. 7. Cegid — Best talent management software for collaborative recruitment
  8. 8. SAP SuccessFactors — Best for enterprise-level talent management
  9. 9. Bullseye Engagement — Best low cost talent management software
  10. 10. MightyRecruiter — Best free talent management software

As all HR professionals know, talent management is a crucial component of achieving organizational success. Talent management software is designed to help you manage your best talentyour current and future employeesto ensure they remain happy and engaged in their roles.

The best talent management solutions support the entire workforce management process. That includes finding the right talent, identifying top performers, providing internal development and upward mobility opportunities, and assisting with succession planning.

This article will help you quickly compare and evaluate the best talent management software to help you recruit, retain, and develop your team members successfully.

Overviews of the Best Talent Management Software Systems

Here’s a brief description of each talent management platform that made my top 10 list. I've included their key features, best use cases, and screenshots to show you their user interface too.

1

Trakstar

Best talent management software for identifying high performers

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.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.3 188

Free demo available

Pricing upon request

2

Deel

Best for managing global talent in over 150 countries

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.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.6 698

Free demo available

Flat rate user pricing, with a free version for businesses with up to 200 people

3

Insperity

Comprehensive HR software for talent management

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.

Pricing upon request

4

PerformYard

Best for linking talent management and performance management processes

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.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.7 638

Free demo available

From $5-$10/user/month

5

ClearCompany

Best talent management software for analytics covering the full employee lifecycle

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.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.6 247

Free demo available

Pricing upon request

6

Remofirst

Best for managing global and remote workforces

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.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.3 39

Free forever plan with limited features

From $199/employee/month or $19/contractor/month

7

Cegid

Best talent management software for collaborative recruitment

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.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
4.6 24

Pricing available upon request

8

SAP SuccessFactors

Best for enterprise-level talent management

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.

This is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.
3.8 515

Free trial available

From $2.18/user and has software packages starting from $1000+/package

9

Bullseye Engagement

Best low cost talent management software

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.

Free demo available

From $3-4/user/month

10

MightyRecruiter

Best free talent management software

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.

Free to use

Need Expert Help Selecting The Right Talent Management Software?

We’ve joined up with Crozdesk.com to give all our readers (yes, you!) access to Crozdesk’s software advisors. Just use the form below to share your needs, and they will contact you at no cost or commitment. You will then be matched and connected to a shortlist of vendors that best fit your company, and you can access exclusive software discounts!

10 Best Talent Management Software Comparison Chart

Here’s a comparison chart that summarizes basic details about each of my top talent management software selections. You can view pricing details and the availability of free trials or demos side-by-side to help you find the best software for your budget and business needs.

Tool Free Option Price
1
Trakstar

Best talent management software for identifying high performers

Free demo available

Pricing upon request Visit Website
2
Deel

Best for managing global talent in over 150 countries

Free demo available

Flat rate user pricing, with a free version for businesses with up to 200 people Visit Website
3
Insperity

Comprehensive HR software for talent management

Not available

Pricing upon request Visit Website
4
PerformYard

Best for linking talent management and performance management processes

Free demo available

From $5-$10/user/month Visit Website
5
ClearCompany

Best talent management software for analytics covering the full employee lifecycle

Free demo available

Pricing upon request Visit Website
6
Remofirst

Best for managing global and remote workforces

Free forever plan with limited features

From $199/employee/month or $19/contractor/month Visit Website
7
Cegid

Best talent management software for collaborative recruitment

Not available

Pricing available upon request Visit Website
8
SAP SuccessFactors

Best for enterprise-level talent management

Free trial available

From $2.18/user and has software packages starting from $1000+/package Visit Website
9
Bullseye Engagement

Best low cost talent management software

Free demo available

From $3-4/user/month Visit Website
10
MightyRecruiter

Best free talent management software

Free to use

Visit Website

Other Talent Management Software

Here are a few more worthwhile options that didn’t make the top list. If you need additional suggestions for talent management systems, check these out too:

  1. Ascender PeopleStreme

    Best talent management software for compensation management

  2. Oleeo

    Best talent management software for redeployment and internal mobility

  3. Lattice

    Best for performance management & 360-degree feedback

  4. hireEZ

    Best talent management software for diversity and inclusion initiatives

  5. Recruitee

    Best talent management software for android and iOS mobile apps

  6. Zoho Recruit

    Best executive talent management software

  7. Peoplebox

    Best talent management software for feature-rich OKR-centric performance management

  8. Eddy

    Best all-in-one HR software for small businesses needing talent management tools

  9. ADP Workforce Now

    Best talent management software for tracking and rewarding high performers

  10. Inspire

    Best talent management software for continuous performance management

Selection Criteria for Talent Management Software

Wondering how I selected the best talent management software for this list? To start off, I drew on my previous experience using an HCM system to manage talent management processes myself. This allowed me to pinpoint features in other software systems that simplify typical HR processes.

In addition, I used the following core functionalities and key features to compare each talent management tool to the next to identify the clear winners in the pack.

Core Functionalities

A good talent management system should address the full employee lifecycle from end to end. To start off my assessment, I made sure that every system on my long list satisfied these basic components of the talent management process:

  • A digital framework for collecting all relevant employee data, including document management and storage capabilities
  • Data dashboards that track key metrics in a user-friendly format, as well as built-in reports and analytics capabilities
  • Tools to assist in the recruitment process, including applicant tracking, and employee onboarding workflows

Key Features

In addition to the basic features above, I also assessed these additional key features that will help you get the best ROI out of your talent management software too:

  • Hiring process automations: Automations will help you streamline common tasks to ultimately save you and your HR team time. For talent management software, automations may also incorporate artificial intelligence (AI) or machine learning (ML) into their workflows as well.
  • Talent pool searchability: Hiring managers should be able to quickly, thoroughly, and reliably search their talent pool according to relevant candidate data like experience, skills, education, and so on.
  • Employee onboarding tools: These features will help you make a good first impression on your new hires by simplifying the onboarding process. Your HR management team will also be able to free up a lot of time by creating repeatable onboarding workflows for new hires that provide them with accessible documentation, resources, and training to get them started.
  • Learning management tools: Talent management is more than just sourcing talented new employees. Once they're onboard, you also need to put effort into developing their skills over time. That's why the best talent management software also include tools to support learning & development and skill building too.

User Interface

The user interface (UI) of your talent management software is important since it will have a big impact on how your candidates (and eventually employees) react to it. I always look for systems with clean and uncluttered user interfaces that create a positive user experience (UX) for all types of users internal and external.

Usability

Even though usability does go hand-in-hand with UI and UX, I prefer to evaluate it separately. To ensure ease of use, I selected systems that are straightforward with clearly designed menus and functions. I also considered whether a system offered good customer service, tech support, tutorials, or training materials too.

Software Integrations

It's important to ensure that the talent management software you choose integrates with the other key software systems your organization is already using. That includes core HR management systems, learning management systems, performance management systems, and workforce planning systems. Some systems also offer API's to help you set up custom integrations if a native integration you were hoping for doesn't exist already.

Value for Price

The truth is, sometimes it all comes down to price. Before you get too far into your search for the best talent management software, it's important that you have a realistic budget for the software already in mind. While I always try to source accurate pricing details, some SaaS vendors only offer pricing details upon request. That's often because their systems are modular, allowing you to only pay for the modules you actually need.

Talent Management Software: Frequently Asked Questions

Do you have questions about what talent management software is and why it’s important? These answers to FAQ are a great place to start:

What Do You Think About The Above Talent Database Software?

Have you tried out a talent management system listed above? Is there any training management system you would add to this list? In your opinion, what is the best talent management software? Let us know in the comments.

Only need software to help with recruiting? Take a look at our suggestions for the best online recruiting software.

Looking to overhaul your performance management profess? We've compiled a list of the best performance management tools to save you time.

Looking for even more software to better suit your needs? Find out what an HRMS System can do for your organization, here.

Check This Out: Why And How To Create A Proper Talent Management Strategy

By Tim Reitsma

Tim is the co-founder and General Manager of People Managing People, an online publication focused on building a better world of work. He is experienced with people & culture, leadership, business strategy and operations with a focus on building great teams who are excited about their craft and their organization. With over 15 years of leadership experience, Tim has always been guided by his core values: faith, family, curiosity, and fun. He is a coach, mentor, speaker, advisor, and an active volunteer in his community. Tim loves spending time outdoors with his wife and two kids as well as mountain biking in the north shore mountains.