10 Best Talent Management Systems For HR In 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.

Trakstar provides pricing and a free demo upon request.

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.

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.

ClearCompany offers customized pricing upon request.

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.

PerformYard costs from $5-$10/user/month.

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.

SAP SuccessFactors has solutions that start at $2.18/user and has software packages starting from $1000+/package. The tool offers a free trial.

Formally called WCM, this platform is specifically designed with diversity-sensitive hiring in mind with modules for a VA talent management system and Intern/Apprentice sourcing. This software hones in on oft-missed recruitment pools, like veterans and college campus populations.

A stand-out quality of this software is that it works well as a high-volume applicant tracking system (ATS), allowing flexibility and scalability to design a solution around your pre-existing process. Other useful features include debiasing tools to reduce gender-bias in job postings, and programmatic job ad campaigns you can automate.

Lack of pricing transparency and no free trial offerings lost Oleeo some marks in the Value for Cost section of the evaluation criteria, in which at least one of these two items is highly recommended for a perfect score.

Oleeo offers pricing upon request and has a free demo.

Ascender PeopleStreme is an international human capital management and payroll software company, specializing in the development of technology to support human resources initiatives, like employee recognition, incident management, and learning and development.

This system stands out for compensation management and provides HR leaders with a real-time view of employee compensation including other rewards to improve employee satisfaction and retention. This tool excels at customizability and, despite that, is easy to use no matter the configuration you settle on. The hyper-attentive support team can clear up any troubleshooting remaining.

Ascender PeopleStreme lost some marks in the Value for Cost section of the evaluation criteria simply because they are A) not transparent with pricing options online and B) do not offer any sort of free trial for users before commitment.

Ascender PeopleStreme offers pricing upon request and has a free demo.

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.

Bullseye Engagement starts at $3-4/user/month and has a free demo.

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.

MightyRecruiter is free to use.

Lattice supports talent management and employee satisfaction with their platform built on employee engagement, performance management, and employee development. Their check-in tools make it easy for managers to transform into coaches for their employees, by integrating continuous feedback systems with transparent goal management and performance reviews that include 360-degree feedback.

Their user interface is clean, clear, and colourful, giving them high marks in the UI category. They also scored well in the Usability category as they offer in-app chat support, plus an online help center, how-to documents, webinars, videos, and tips for best practices in performance management.

Lattice starts at $9 user/month plus an annual agreement cost of $4,000 to start.