There are so many different talent management software that making a shortlist of the best can be tricky. You want to streamline HR processes, from hiring to retirement, ensuring the right people are in the right roles—and now need the right tool for your company and team to do so. In this post, I share from my personal experience as an HR expert using many different talent management platforms with teams of all sizes, and share my picks of the best talent management software overall.
What is Talent Management Software?
Talent management software is a digital tool designed to help organizations manage their employee lifecycle, from recruitment to retirement. It streamlines processes like hiring, onboarding, performance evaluation, learning and development, succession planning, and employee engagement.
The purpose is to provide a centralized platform for tracking and analyzing employee data, aid in identifying and nurturing talent, align employee goals with business objectives, and foster a productive and satisfied workforce. Its use leads to more strategic HR management, better talent retention, and overall organizational growth.
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.
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.
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.
TalentReef's talent management system is focused on candidate sourcing, hiring, and onboarding. It's purpose-built to help HR teams manage high-volume hiring for location-based hourly roles.
TalentReef's applicant tracking system is designed to make the hiring process as smooth as possible, with features like job posting distribution, resume parsing, and interview scheduling. Once you've determined your successful candidate for each position, you can automatically include them in an onboarding workflow, to help your new hire get up to speed quickly. Their onboarding tools include the ability to automate tasks like paperwork and training, plus the ability to collect legal compliance documents electronically.
TalentReef does have additional features that extend deeper into the employee lifecycle, including performance check-in tools, goal-setting and tracking, and employee evaluation tools too. However, the bulk of their features relate to sourcing and hiring. Other features that make them stand out in this area include text-based recruiting and an integrated CRM (candidate relationship management) system.
Integrations are available with payroll systems, candidate assessment tools, background check providers, and learning management systems, though individual platforms are not specified.
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.
Paycor is a robust Human Capital Management (HCM) system that can help facilitate an array of HR functions. This includes talent and workforce management as well as payroll and benefits administration and employee engagement and experience management.
The software's talent management tools cover candidate sourcing, recruiting, onboarding, talent development, and compensation management. So not only can you find and hire the best people for your open roles, you can also nurture the existing team members at your organization. Specific talent management features include 1-on-1 meetings, performance reviews, and goal setting.
In addition to talent management, the employee experience tools in the platform are useful for managing and monitoring your workforce. Surveys help you keep a pulse on employee engagement levels and implement solutions when issues arise. Meanwhile, the learning management tools help you implement training and upskilling programs.
The software integrates with other digital workforce tools including HireTech, Emburse Certify, Zillion, Points North, FMLA, Tapcheck, Instant Pay, Sterling, Wageworks, and Ignite. Plans start from $5 per employee per month, with a $99 base fee. A 90-day free trial is available.
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.
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.
Zoho is a suite of CRM solutions that can help you improve your hiring process through its corporate HR software. It can help you create a careers page to post all your recruitment needs, making it visible to more prospective talents. Zoho can provide you with pre-screening assessments to help you filter recruits. It can help you conduct background screenings to ensure that recruits are truthful with the information they provide on their resumes and during interviews.
Executives are responsible for steering their organizations to success, and if you want to attract the best executives to your business, then Zoho is the executive talent management system for you. Zoho Recruit can help you gather resumes from a myriad of sources and weed out unqualified candidates to save time. It uses AI to generate a map of behavioral assessments of candidates to help you select talents that align with your company’s visions. You can use Zoho to create your company’s employee referral portal that compensates employees who successfully refer new talents.
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.
Need expert help selecting the right Talent Management Software?
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Best talent management software for identifying high performers
Free demo available
|Pricing upon request||Website|
Best for managing global and remote workforces
Free demo available
|From $199/employee/month for EOR and $25/mo for contractors||Website|
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||Website|
Best for sourcing, screening, and onboarding top talent
Free demo available
|Pricing upon request||Website|
Best talent management software for analytics covering the full employee lifecycle
Free demo available
|Pricing upon request||Website|
Best for recruitment, learning, and compensation management in one
90-day free trial + free demo available
|From $5/employee/month + $99/month base fee||Website|
Best for performance management & 360-degree feedback
Free demo available
Best for linking talent management and performance management processes
Free demo available
Best executive talent management software
15-day free trial + free plan available
Best talent management software for collaborative recruitment
|Pricing available upon request||Website|
Best all-in-one HR software for small businesses needing talent management tools
- SAP SuccessFactors
Best for enterprise-level talent management
Best free talent management software
- Bullseye Engagement
Best low cost talent management software
- Ascender PeopleStreme
Best talent management software for compensation management
Best for developing internal mentorship and career development programs
Best talent management software for redeployment and internal mobility
Best talent management software for diversity and inclusion initiatives
Best talent management software for android and iOS mobile apps
Best talent management software for feature-rich OKR-centric 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.
A good workforce 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
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.
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.
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.
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.
What is talent management software?
Why is talent management important to HR?
What are the main components of talent management?
Other Types of Talent Management Software
Didn't find exactly what you were looking for above? Here are some other types of talent management software that may be a better fit for your needs:
- Talent Acquisition Software for Recruitment Pros
- Candidate Sourcing Software
- Applicant Tracking Systems for Hiring
- Recruiting Software: Reviewed & Compared
- Human Capital Management (HCM) Software
- Workforce Planning Software for Executive Teams
- Performance Management Software for Continuous Feedback
- Performance Management Tools
- Employee Evaluation Software for Performance Reviews & Recognition
- Employee Engagement Software
- Employee Recognition Platforms for Celebrating Top Talent
Looking for software that can help you manage your day-to-day operations more effectively? Find out what an HRMS system can do for your organization too.
As you can see, talent management software offers numerous benefits. However, it's important to select the solution that aligns with your organization's specific needs and objectives. And, as the world of work continues to evolve, so with the technology supporting it. Investing in a modern talent management system will help you take advance of sophisticated features to monitor your workforce, plan for the future, and ensure all your employees are happy and engaged.
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