20 Best Talent Management Software of 2024: Reviewed & Compared
10 Best Talent Management Software Shortlist
Here's my pick of the 10 best software from the 20 tools reviewed.
Get free help from our HR software advisors to find your match.
Are you looking for software to help you improve your employee development from hiring to retirement? A new talent management software system is up for the challenge. These systems can help you find new talent, ensure you have the right people in the right roles, and keep them engaged and focused on their career path. However, with many different talent management systems available, finding the best fit for your needs takes time.
In this post, I'll help you speed up your selection process by sharing my research and insights as an HR professional on the best talent management software for teams of any size. I'll help you narrow down your options to find the best fit for your unique needs.
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Best Talent Management Software: Pricing Comparison Chart
This comparison chart summarizes pricing details for my top talent management software selections to help you find the best software for your budget and business needs.
| Tools | Price | |
|---|---|---|
| Deel | Flat rate user pricing, with a free version for businesses with up to 200 people | Website |
| Greenhouse | Pricing upon request | Website |
| GoCo | From $5/employee/month | Website |
| RemoFirst | From $25/user/month | Website |
| Paycor | Pricing upon request | Website |
| PerformYard | From $5-$10/user/month | Website |
| ClearCompany | Pricing upon request | Website |
| Peoplebox | From $7/user/month | Website |
| Cegid | Pricing available upon request | Website |
| Recruitee | From $269/month | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare Software-
Deel
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.8 -
Rippling
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.8 -
Willo
Visit WebsiteThis is an aggregated rating for this tool including ratings from Crozdesk users and ratings from other sites.4.8
Best Talent Management Software Reviews
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. Keep reading to find additional bonus picks at the bottom of the list.
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.
Greenhouse is a talent management platform designed to help you attract, engage, and hire the best talent for your team. It provides tools for recruiting, candidate management, and onboarding, giving you everything you need to build a more effective hiring process.
One of the reasons Greenhouse stands out as a talent management tool is its focus on structured hiring. You can build customized interview kits, scorecards, and workflows that help your team make consistent, data-driven decisions. This structure ensures that every candidate is evaluated fairly, and the decision-making process remains clear and transparent. It also provides analytics to help you see where your hiring processes can improve, so you can refine them as you go.
Greenhouse also supports a collaborative hiring environment, which allows you to involve multiple stakeholders in the decision-making process. You can gather feedback from your team, create interviewer training, and build interview panels that suit your company’s needs. Its tools also help you plan for better onboarding by setting clear goals for new hires right from the start.
The platform integrates over 500 tools, including BambooHR, BrightHire, Calendly, Checkr, DocuSign, GoodTime, Sterling, Starred, and Spark Hire.
GoCo is an all-in-one HR software platform designed to simplify human resources tasks for businesses across various industries. The tool offers solutions for onboarding, benefits administration, payroll, and compliance, integrating these processes into a single, user-friendly interface. By consolidating essential HR tasks, GoCo helps businesses automate processes, manage employee data, and enhance productivity.
One of the most notable features of GoCo is its comprehensive performance management software. This feature includes fully configurable templates, enabling businesses to design review templates tailored to their specific needs, which facilitates consistent and measurable employee evaluations. The performance management module not only helps the review process but also boosts employee engagement and enhances goal tracking within the company.
I also like GoCo's talent management system that integrates various HR functions, such as onboarding, benefits administration, payroll, and compliance, into a single platform. This integration minimizes the administrative workload and reduces errors due to data consistency across different HR tasks. For instance, GoCo's digital onboarding process automates the collection of required documents for new hires, enrolls them in benefits plans, and adds them to the company payroll with appropriate tax and benefit deductions.
GoCo integrates with a range of third-party tools, including Slack, Microsoft Teams, Zapier, QuickBooks Online, Greenhouse, and Gusto.
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 170 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 $25/person/month for contractors. A free demo is available.
Paycor
Best for recruitment, learning, and compensation management in one
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.
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.
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.
Peoplebox is a feature-rich OKR and performance management solution that helps businesses align their OKRs, keep track of performance progress, and accomplish strategic priorities and cross-functional goals with a tool that prioritizes ease of use.
Peoplebox is designed to help fast-growing companies and enterprises create a results-driven culture. Peoplebox’s performance management platform is tailored for HR professionals. Designed for enterprises, the talent performance management solution requires little to no training. It delivers a holistic approach to connecting company OKRs, employee feedback, staff coaching, and performance reviews.
One of Peoplebox's main features is the ability to run talent performance reviews in Slack. It allows users to streamline their talent evaluations and performance reviews by using a simple chat tool to accomplish most talent management tasks. HR teams can easily run the entire performance review cycle in Slack. This includes self-assessments, manager performance reviews, and 360-degree feedback.
Peoplebox also makes it possible to integrate objectives and key results (OKRs) and key performance indicators (KPIs) with performance management. Users can effortlessly customize and define how their OKRs should inform their current performance review initiatives. Finally, Peoplebox also helps ensure well-streamlined talent and performance reviews for managers and employees by providing them with performance data visibility across the entire review cycle.
Peoplebox provides more than 50 native integrations to help businesses keep their goals and initiatives aligned and updated in real-time.
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.
Recruitee
Best talent management software for android and iOS mobile apps
Used by Starbucks, Toyota, and VICE, Recruitee is a robust, affordable and scalable tool designed to help attract talent, automate recruiting tasks, and decrease time-to-hire. Features include advanced CSS and media options for your customized career site and the ability to post to over 10 free job boards worldwide.
Their open API allows you to integrate Recruitee directly with your pre-existing software and platforms. Therefore, you can add-on tools for chat, project management, or CMS. This scored them highly in the Integrations section of the evaluation outline.
A critique of this tool is that it suffers from some interface issues when it comes to integrating and parsing external documents like PDF CVs, for example, which navigate poorly and require magnification.
Other Talent Management Software
Here are a few more worthwhile options that didn’t make the top list. I didn’t have room for a full review for each of these but they are still worthy of consideration:
- TalentReef
For sourcing, screening, and onboarding top talent
- SAP SuccessFactors
For enterprise-level talent management
- Ascender PeopleStreme
Talent management software for compensation management
- MightyRecruiter
Free talent management software
- Bullseye Engagement
Low cost talent management software
- Oleeo
Talent management software for redeployment and internal mobility
- Lattice
For performance management & 360-degree feedback
- hireEZ
Talent management software for diversity and inclusion initiatives
- Paylocity
For aligning performance with employee development plans
- Zoho Recruit
Executive talent management software
Related HR Software Reviews
If you still haven't found what you're looking for here, check out these other related tools that we've tested and evaluated:
- HR Software
- Payroll Software
- Recruiting Software
- Employer of Record Services
- Applicant Tracking Systems
- Workforce Management Software
Selection Criteria for Talent Management Software
Selecting talent management software requires a focused approach, considering the vast array of functionalities these platforms offer. Based on my personal experience trying and researching these tools, I've developed a set of criteria to ensure each platform selected meets specific business needs. Here is what I evaluate:
Core Talent Management Software Functionalities (25% of total score): To be considered for inclusion in my list of the best talent management solutions, a platform had to support common use cases including:
- Recruitment and applicant tracking
- Performance management
- Learning and development
- Succession planning
- Compensation and benefits management
Additional Standout Features (25% of total score): To help me find the best software out of numerous available options, I also kept a keen eye out for unique features, including the following:
- Tools that offer innovative learning management systems, integrating with external educational content providers for a wide range of learning opportunities
- Platforms that provide advanced analytics for workforce planning and predictive modeling, going beyond basic reporting functionalities
- Solutions that include AI-driven tools for talent acquisition, such as automated candidate sourcing and screening
- Software that incorporates employee wellness programs, reflecting a holistic approach to talent management
- Platforms offering comprehensive succession planning tools with deep insights into employee potential and readiness
Usability (10% of total score): To evaluate the usability of each system, I considered the following:
- Intuitive interfaces that require minimal training, such as drag-and-drop scheduling for performance reviews
- Role-based access control that is straightforward to configure, ensuring the right level of access for every user
- A clean and modern design aesthetic that enhances user engagement and reduces cognitive load
Onboarding (10% of total score): To get a sense of each software provider's customer onboarding process, I considered the following factors:
- Availability of interactive product tours and chatbots that guide new users through the platform's features
- Comprehensive training materials, including videos and webinars, to facilitate quick mastery of the tool
- Pre-built templates and workflows that help new customers migrate and start realizing value from day one
Customer Support (10% of total score): To evaluate the level of customer support each vendor offered, I considered the following:
- Dedicated account management and responsive customer service teams that are easily accessible via multiple channels
- An extensive knowledge base with articles and FAQs for self-service support
- Proactive outreach from support teams to check on customer satisfaction and offer assistance with new features
Value for Price (10% of total score): To gauge the value of each software, I considered the following factors:
- Competitive pricing structures that offer clear value propositions based on the size and needs of the organization
- Transparent pricing information without the need for sales negotiations
- Flexible plans that scale with business growth and changing requirements
Customer Reviews (10% of total score): Evaluating customer reviews is the final element of my selection process, which helps me understand how well a product performs in the hands of real users. Here are the factors I considered:
- High ratings in areas like ease of use, customer support, and overall satisfaction
- Positive feedback on specific functionalities like the platform's performance management or learning and development capabilities
- Accounts of how the platform has contributed to tangible improvements in talent management outcomes, such as reduced turnover or improved employee engagement
Using this assessment framework helped me identify the talent management software that goes beyond basic requirements to offer additional value through unique features, intuitive usability, smooth onboarding, effective support, and overall value for price.
How to Choose Talent Management Software
As you work through your own unique tool selection process, keep the following points in mind:
- What problem are you trying to solve? Start by identifying the challenges you're trying to overcome. This will help you clarify the features and functionalities the talent management software needs to provide.
- Who will need to use it? To evaluate cost and requirements, consider who will use the tool and how many licenses you'll need. For talent management tools, you'll likely want employee-level access for your entire workforce, with special access for your HR administrators and managers. Once that's clear, it's also useful to rank the needs of your different users to identify the key priorities for your power users, managers, and employees, to ensure they're all met.
- What other tools does it need to work with? Clarify what tools you're replacing, what tools are staying, and the tools you'll need to integrate with, such as recruitment and onboarding software, performance management systems, and employee data management tools. You'll need to decide if the tools will need to integrate together, or alternatively, if you can replace multiple tools with an all-in-one talent management tool.
- What outcomes are important? Review the capabilities you want to gain or improve, and how you will measure success. For example, you may want a tool to automate portions of the employee data management process, so nothing slips through the cracks. Being clear on your desired outcomes upfront is crucial to avoid wasting valuable time.
- How would it work within your organization? Consider the tool selection alongside your existing workflows and systems. Evaluate what's working well, and any problem areas that need to be addressed.
Remember, every business is different — don’t assume that a talent management system will work for your organization just because it's popular.
Trends in Talent Management Software for 2024
Talent management software continues to evolve rapidly, driven by changing workforce dynamics, technological advancements, and organizational needs. This evolution is reflected in recent product updates, press releases, and release logs from the most dynamic and popular tools in the market. Below, I explore these trends, focusing on what they mean for HR professionals seeking to navigate the complex terrain of talent management effectively.
Emerging and Evolving Trends
- Integration of AI and Machine Learning: AI-driven analytics and machine learning algorithms are increasingly being incorporated to predict employee turnover, identify high-potential employees, and personalize learning and development plans. This trend highlights the growing need for predictive insights and personalized management strategies in talent management.
- Focus on Employee Well-being and Engagement: There's a noticeable shift towards software that includes features for monitoring and promoting employee well-being and engagement. Tools are being developed to offer wellness programs, real-time feedback mechanisms, and engagement surveys, reflecting the critical role of mental health and employee satisfaction in retention and productivity.
- Enhanced Learning and Development Platforms: The rapid evolution of learning and development features within talent management software points to an increased focus on continuous skill development and career progression. This includes the integration of external educational content, microlearning modules, and career pathing tools, underscoring the importance of growth opportunities in talent retention.
- Advanced Workforce Analytics: The expansion of workforce analytics features, with deeper insights into performance metrics, skill gaps, and succession planning, signals the need for data-driven decision-making in HR practices. These analytics help in aligning workforce strategies with business objectives, indicating a trend towards more strategic HR management.
Novel and Unusual Functionality
- Virtual Reality (VR) for Training and Onboarding: Some platforms are beginning to incorporate VR to provide immersive training and onboarding experiences. This novel use of technology points to an exploration of more interactive and engaging learning methods.
The evolution of talent management software in 2024 is characterized by a heightened emphasis on predictive analytics, employee well-being, personalized learning and development, and strategic workforce planning. As these trends continue to unfold, HR professionals must stay informed and adaptable, choosing solutions that not only meet the current needs of their organizations but are also poised to address future challenges.
What is Talent Management Software?
Talent management software are designed to help organizations manage various aspects of the employee lifecycle, from hiring to retirement. These tools are primarily used by HR professionals, team leaders, and organizational executives to streamline HR processes and support employee management. This type of software can enhance recruitment processes, improve employee performance, and foster professional development within their workforce.
These software solutions might encompass features and functionalities like applicant tracking systems, performance management analytics, and learning management systems. These all support common HR objectives by providing solutions for talent acquisition, retention, and development. Overall, talent management software offers significant value by enabling organizations to more effectively manage their human resources, leading to improved organizational performance and employee satisfaction.
Features of Talent Management Software
Talent management software is a relatively broad category, offering tools to streamline operations, enhance performance, and drive organizational growth. Here are some of the top features that I look for when researching these platforms:
- Recruitment and Applicant Tracking: This feature simplifies the hiring process by organizing and tracking applications. It's crucial to identify the best candidates quickly and efficiently, ensuring that talent acquisition aligns with organizational needs.
- Onboarding Process Management: Streamlines the integration of new hires into the company. A smooth onboarding process is essential for engaging employees from the start, setting the stage for their success and long-term retention.
- Performance Management: Facilitates the assessment of employee performance through reviews and feedback mechanisms. Regular and systematic performance evaluations help in recognizing achievements, addressing areas for improvement, and aligning individual goals with company objectives.
- Learning and Development: Offers tools for employee training, skill development, and career growth. Continuous learning opportunities are vital for employee satisfaction, retention, and preparing the workforce to meet future challenges.
- Succession Planning: Helps identify and develop employees to fill key positions in the future. Effective succession planning ensures business continuity by preparing for inevitable changes in leadership and critical roles.
- Compensation Management: Streamlines the process of managing pay, bonuses, and other forms of compensation. Fair and transparent compensation practices are key to maintaining motivation and equity within the workforce.
- Benefits Administration: Simplifies the management of employee benefits, such as health insurance and retirement plans. Efficient benefits administration enhances employee satisfaction by ensuring they feel valued and supported.
- Employee Engagement Surveys: Provides tools to measure and analyze employee engagement levels. Insights gained from these surveys can inform strategies to improve morale, productivity, and retention.
- Workforce Analytics: Offers data analysis capabilities to make informed decisions about the workforce. Advanced analytics allow for the tracking of trends, prediction of future needs, and measurement of the impact of talent management initiatives.
- Offboarding Management: Streamlines the process for employees leaving the company. A structured offboarding process ensures a positive departure experience, aids in knowledge transfer, and maintains a strong alumni network.
Each talent management software will offer a different suite of features and a unique core functionality for users. By prioritizing the features that align most closely with your business needs, you can select a provider that's best suited to your context.
Benefits of Talent Management Software
Talent management software can automate and streamline various HR processes, providing significant benefits for users and organizations alike. Here are five key benefits of implementing these solutions:
- Enhanced Recruitment Efficiency: Talent management software significantly speeds up the hiring process by automating job postings, applicant tracking, and candidate screening. This efficiency allows businesses to fill vacancies more quickly, ensuring that they always have the talent needed to meet their objectives.
- Streamlined Onboarding Process: A smooth and organized onboarding experience helps new hires integrate into the company culture and start contributing faster. Talent management platforms facilitate this by providing checklists, training schedules, and progress tracking, making the transition seamless for both the employee and the employer.
- Improved Performance Management: Continuous feedback and performance assessments are simplified with talent management software. This functionality supports the development of a performance-driven culture by making it easier to set goals, track progress, and provide timely feedback, leading to increased employee productivity and job satisfaction.
- Targeted Learning and Development: These platforms offer personalized learning paths and development plans that cater to the individual needs of employees. By aligning employee growth with organizational goals, businesses can ensure they are effectively developing their workforce for current and future challenges.
- Strategic Talent Retention: By analyzing data on employee performance, satisfaction, and engagement, talent management software helps identify at-risk employees and address issues before they lead to turnover. This proactive approach to retention saves costs related to hiring and training new employees and preserves institutional knowledge.
Talent management software can transform how organizations manage their most valuable asset: their people. As the workforce continues to evolve, adopting a comprehensive talent management solution becomes increasingly crucial for maintaining a competitive advantage and achieving long-term success.
Costs & Pricing for Talent Management Software
Talent management software tends to have a variety of plans and pricing options available depending on its function and the additional features it offers to meet the needs of different companies. Different plans cater to varying business sizes, needs, and budgets, making it essential to select one that aligns with your organizational goals and requirements.
Plan Comparison Table for Talent Management Software
Below is a table that outlines the pricing and plan structures commonly found in talent management software, designed to help you navigate your options.
| Plan Type | Average Price | Common Features |
|---|---|---|
| Free | $0 | Basic talent acquisition, limited performance management, self-service portals |
| Basic | $4-7 per user/month | Recruitment and onboarding, basic performance, and learning management |
| Professional | $10-20 per user/month | Enhanced performance management, learning and development modules, and analytics |
| Enterprise | Custom pricing | Advanced analytics, succession planning, custom integrations, and dedicated support |
When considering which plan to choose, it's important to evaluate both the current and future needs of your organization. Keep in mind that while higher-tier plans offer more features and flexibility, they also come with a higher cost. Balancing functionality with budget will guide you to the most suitable option for your organization.
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 is talent management software?
Talent management is often defined as the following four pillars: recruitment, performance management, learning and development, and compensation management. All four pillars play a very important role within a business strategy.
Talent management software is the application that ties all these elements together. The best-integrated suite of HR technology will cover all of your hiring and development needs, providing everything from an applicant tracking system to identification of your best employees and succession planning tools.
Why is talent management important to HR?
Talent management is a vital HR function as it plays a major role in the overall business strategy of the company. It is the commitment to hire, manage, develop, and retain employees. This allows businesses to retain and recognize top talent within their teams that will in turn help with organizational success.
The best talent management solution will bolster the employee experience within your organization, providing career development opportunities, and boosting employee engagement and retention.
Related Read: Talent Management Versus Learning And Development
What are the main components of talent management?
Talent management is an important part of running a successful organization, and it covers the full extent of the employee lifecycle, before candidates have even been hired. Here’s a summary of the main components:
Step 1 – Strategic Planning: Before you go about hiring additional talent, you need to have a clear idea of the specific type of talent you need to reach your business goals. This often comes down to performing a skill assessment of your workforce to see what skills are underrepresented, or need additional backfilling. (We’ve got some tips to helps you with this, as well as some strategic planning software recommendations too.)
Step 2 – Hiring & Onboarding: Once you’ve honed in on the candidates with the best skills for your opened positions, you’re ready to hire them and get them onboarded into your company. The strength of your onboarding program is also crucial. Data has shown that candidates who receive robust orientation have 50-82% higher retention rates than those who were given a minimal onboarding process.
Step 3 – Learning & Development: For the most part, your employees are going to be keen to learn new skills over time, which is why it’s important to have a formalized learning & development program in place. An L&D program includes opportunities for internal and external training to upskill employees, while also dovetailing with organizational goals. Again, the data has shown that 94% of employees would stay at a company longer if the company invests in their long term career, making it an obvious win-win.
Step 4 – Employee Performance: is a crucial component of talent management, as it’s an opportunity to measure how staff are doing, and what they still need to accomplish to meet their own personal goals, and the goals of the company. You can also take this opportunity to review their existing job description and discuss possible promotions or raises – elements that will also keep your employees more engaged in their roles and improve your employee retention.
Step 5 – Succession Planning: Your top-tier employees won’t be content to stay in their same position forever. They’ll want opportunities for advancement (i.e., role changes or promotions) or they will soon look elsewhere for better opportunities. Succession planning is also crucial for creating back-up plans, often called “what-if scenarios,” which detail who could fill critical leadership roles in an unexpected emergency situation. (Don’t worry, we have some software recommendations that can help with succession planning too.)
For a more detailed walkthrough of talent management, take a look at our article covering talent management best practices to help you develop a more comprehensive strategy.
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
- 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.
Final Thoughts
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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Related read: Why And How To Create A Proper Talent Management Strategy