Top 3 and More - Best Talent Management Software of 2024

What is a Talent Management System?

Talent Management Software is the ideal tool for managing individual or team performance and improving their overall performance. Allows users to recruit and retain talented employees, make intelligent decisions, and improve employee experiences. You can also determine the effectiveness of an individual’s performance, where they need training. The Talent Management System enables businesses to handle all aspects and activities, from talent acquisition to development to rewards and monitoring.

Talent Management Software focused on reviewing risk and potential. Provides machine intelligence functionality that assists businesses in predicting who will leave their workforces. Machine learning management can analyze employee databases to identify patterns or anomalies in employee turnover. It helps in proactive retention rather than reactive insights obtained in exit interviews.

Features of a Talent Management Software

List of Talent Management Software

When you start looking for the best talent management software, it is easy to get overwhelmed with the list of options available. Here is the handpicked list of talent management software to choose as per your requirement:

1. TalentReef

TalentReef is a cloud-based best talent management software suitable for businesses of all sizes, such as retail, hospitality, and distribution. Enables organizations to streamline staff recruitment, training & management functions. It is devoted to numerous recruiting, marketing, ATS testing, and assessment processes. The application helps streamline applicant flow, ensure compliance and boost employee productivity.

TalentReef allows users to eliminate manual data entry and streamline the recruitment process. It provides an applicant tracking system that enables applicants to apply for vacancies. Enables users to submit Work Opportunity Tax Credit (WOTC) electronically.

TalentReef talent management software allows HR to filter suitable candidates for the job. It also enables an admin to assign training to the employees to improve employees performance and accomplish their jobs.

2. Skilo

Skilo is a web-based best talent management software designed for businesses of all sizes. Allows users to manage competency models, recruitment, and onboarding and collect performance reviews, feedback, and surveys. It also enables HR to set team goals and monitor the performance of goals. Allows an admin to plan growth actions and set conditions for promotions. Enables employees to gain visibility on their rewards.

Skilo talent management solution allows HR to identify talents and improve engagement via feedback. It also enables managers to create custom and standard reports and view KPIs for fast performance information summaries.

3. Trakstar

Trakstar is a cloud-based best talent management software that allows an organization to evaluate performance review, goal management, 360-degree feedback, and succession planning. Allows administrators to evaluate competencies based on relevant questions and give feedback to each appraisal accordingly. Allows users to send reminders to employees, colleagues, and partners via email for upcoming appraisals.

Trakstar talent management software enables administrators to use competencies and goals to align suitable candidates with a company’s core values.

4. Saba

Saba is a cloud-based best talent management software designed to drive employee engagement, elevate skills, goal tracking, create succession plans, recruit, and improve business productivity. It offers instant access to thousands of learning courses available online. The web and video meetings embedded into the content help learners collaborate with the tutor during the training.

Saba, a talent management software, provides personalized and relevant content recommendations to learners.

5. SAP SuccessFactors

SAP SuccessFactors is a cloud-based best talent management software suitable for businesses of all sizes. It includes robust workforce management, succession planning and analytics with a next-generation core HR solution that improves executive insight and decision making. Allows users to ensure they have the right people with the right skills to do good work.

SAP SuccessFactors talent management software enables users to match people’s and overall business strategies with workflows that directly impact business results and drive company success. It also allows users to integrate with Kronos Workforce Management.

6. TalentGuard

TalentGuard is one of the best cloud-based talent management systems designed for businesses of all sizes and various industries, including information technology, insurance, financial services, retail, etc. It provides automated performance management, career pathing, succession planning, certification tracking, etc. Enables users to recognize skill gaps via configurable assessments.

TalentGuard talent management software allows an HR admin to create and track goals, access learning resources, and receive stakeholders’ feedback.

7. Engagedly

Engagedly is one of the best cloud-based talent management systems that allow organizations to track employee performance, goal management, communication, and collaboration. Allows an HR admin to reward employees for recognizing them for meeting goals. Allows employees to track objectives and key results to monitor where they measure up.

Engagedly, talent management software enables an HR admin to track core competencies, providing management with information to make decisions for their development.

8. Zoho Recruit

Zoho Recruit is one of the best cloud-based talent management systems suitable for small to mid-sized businesses. It includes resume parsing, automated job posting, resume storage, interview scheduling, etc. Allows HR admin to enhance the visibility of job openings by creating a customized career web page and extending the reach by using social media sites, direct sourcing, etc.

Zoho Recruit talent management software provides multiple specialized applications created to help users collaborate with their peers to increase productivity.

9. Monster TMS

Monster TMS is one of the best cloud-based talent management systems designed for businesses of all sizes. Enables users to create a talent search portal and search for appropriate applicants using an applicant tracking system. Allows HR to send information or data links to their employees and manage employees' data. Enables employees to merge their social profiles with the company’s profiles.

Monster TMS software allows users to collect and store employment information in a centralized repository and retrieve it in the future per their requirements. It also allows managers to view each applicant’s profile, including notes and communication history.

10. NEOGOV

NEOGOV is one of the best web-based talent management systems designed for the education and public sector industries. It supports onboarding, automating applicant tracking, performance and training management. Allows users to hire applicants and recognize and encourage employees strengths.

NEOGOV talent management software provides a learning management feature to engage and train their employees. It also enables HR to assure day-one readiness for their new employees using the onboarding feature.

11. IBM TMS

IBM Talent Management system is a web-based application suitable for businesses of all sizes. It includes training, reporting, onboarding, and real-time test feedback. Allows HR to track applicants, manage job boards openings and create scorecards based on expected performance. Enables recruiters to send messages to applicants via text messages.

IBM Talent Management system provides onboarding features that allow employers to build and enhance relationships with new employees. It also enables users to gain insights into performance and create standard reports.

12. TalentQuest

TalentQuest is a cloud-based talent management system designed for businesses of all sizes. Allows recruiters to hire candidates and engage with them via training. Enables managers to create employees, soft and complex skills, observe their behaviour, and enhance retention.

TalentQuest, a talent management system, provides an in-built content library that allows HR to access courses based on multiple skills. It also allows managers to create customizable reports and distribute funding.

13. Hiretual

Hiretual is one of the best talent management solutions suitable for businesses of all sizes, including construction, e-commerce, media, hotel, etc. It includes team collaboration, pipeline management and AI-based applicant sourcing. Allows users to experience fast and straightforward AI sourcing across 45+ platforms and 750M+ open web profiles.

Hiretual talent management platform enables HR professionals to share tasks with their employees and monitor the progress of tasks for employee development. Allows managers to review applicants skillsets and communicate with them via phone and emails. It also enables users to sort applicants profiles based on contacted, uncontacted and new.

14. WizeHire

WizeHire is one of the best talent management systems for businesses of all sizes. It includes job postings, automatic reminders for incomplete job applications, built-in Job-templates, and interview guides. WizeHire talent management solution allows users to use data and insights to find candidates suitable for job openings listed on the portal. Enables recruiters to manage job posting on social media websites such as LinkedIn, Twitter, and Facebook.

15. ExactHire

ExactHire is one of the best talent management systems suitable for businesses of all sizes. It includes applicant tracking, text recruiting, external job board posting, and offer letters. Allows users to pull applicants through the application process to hire suitable candidates as per requirements.

ExactHire management software lets users post job openings on social media and external job boards. Allows users to create multiple employment application templates across different job categories.

16. HireHive

HireHive is one of the best cloud-based talent management software systems suitable for small to midsize businesses. Allows organizations to post and manage open positions on job boards and social media. It also provides multilingual functionality that enables users to automatically adjust the application page’s language based on the candidate’s location.

HireHive talent management software allows users to set up interviews via phone or email with personalized invitations to candidates and colleagues. Enables users to track and analyze recruiting data from various channels.

17. Vultus Recruit

Vultus Recruit is the best talent management system suitable for small to midsize businesses. Allows users to send mail to applicants to inform them about the interview date and time. Its resume parsing functionality enables users to short-list candidates. It also enables users to track and change the status of any candidate. Provides critical recruiting metrics and different chart types to visualize data and drive business decisions.

Vultus Recruit talent management software allows users to integrate with VoIP, and VMS enables organizations to view the latest job postings, get notified about updates in real-time, and contact suitable candidates after sourcing them from various portals.

18. Recruiterbox

Recruiterbox is the best talent management system suitable for small to midsize businesses. Allows recruiters to create new open positions with a few clicks and accept resumes through their website. It also enables users to use the bulk upload function to import multiple candidates’ resumes at once.

Recruiterbox talent management software enables users to assign tasks to team members, schedule interviews, and share performance reviews. Allows users to post job openings on social media sites such as Twitter, LinkedIn, and Facebook.

19. iSmartRecruit

iSmartRecruit is the best talent management software for small to mid-sized businesses. It includes applicant sourcing, tracking, scheduling, reporting, etc. Allows users to schedule interviews and meetings, along with automatic notifications and alerts. It also provides a duplication detector functionality that gives any double entries signal.

iSmartRecruit talent management software provides an in-built resume parser that enables users to sort candidates through critical properties to ensure that top candidates will float to the top. Allows users to integrate with Outlook and Gmail plugins and can generate reports.

20. Oorwin

Oorwin is one of the best talent management solutions designed to help businesses of all sizes. Allows users to track and manage applicants throughout the recruitment or entire employee lifecycle. Allows organizations to distribute job posts, view submitted applications, and schedule interviews, even remotely. Enables managers to filter candidates based on job title, skills, etc.

Oorwin talent management tools allow hiring managers to configure the dashboard for the recruitment process and generate custom reports to track applicants’ performance. Enables managers to import candidates’ details into the system via email.

21. BambooHR

BambooHR is one of the best talent development software solutions suitable for small and midsize businesses. It is an easy-to-use database program that provides valuable data for employees. Enables you to track, evaluate, and hire the right people to the right place. It provides boarding and onboarding automation tools. BambooHr performance management software is an innovative method for performance monitoring that measures the talent within a company.

BambooHR talent development allows users to manage employee information are centralized in one location, making it easier for hiring managers to find relevant employee information. From personal and payment information and streamlines the whole recruitment management from applications to first-day orientation.

BambooHR cloud-based platform pricing uses a subscription-based model that depends on the number of employees plus a one-time implementation fee. Accessible from anywhere, so you will always have the information you need. Compatible with Linux, Windows, and Mac.

22. ADP

ADP is one of the top talent management software solutions for businesses of all sizes. It includes time and attendance tracking, a self-service portal, position management, performance management, boosting employee engagement, a learning management system, talent management, employee benefits administration, etc. Provides a straightforward user interface that allows human resources management to store annual reports securely.

ADP human resource information system enables users to enhance security and improve their business. Enables users to work in various languages, currencies and time zones. Allows users to filter reports based on employee information.

23. Skillnet

Skillnet is a comprehensive cloud platform designed for small to mid-size businesses. Allows users to recruit, manage and enhance frontline workers’ skills. Allows managers to provide 360-degree self-assessments. It also enables talent managers to create action plans using assessment data.

Skillnet talent management software allows users to view team data to analyze the weaknesses and strengths of their team members. Enables users to show skill data in an excel format and help teams choose a suitable candidate for a task.

24. Talenya

Talenya is one of the top talent management suites suitable for businesses of all sizes. Allows managers to recognize and engage with candidates to manage recruitment processes. Enables HR to analyze publications, peer ratings, reviews and tasks to specify the skill ability levels of multiple candidates.

Talenya, a talent management software, allows human resources to use AI-based tools to add skills across candidate profiles. It also lets users analyze data and prioritize applicants based on skills on a unified dashboard.

Conclusion

Talent management software has many benefits to organizations ranging from reducing employee data silos to creating more accurate information. It entails hiring, screening and onboarding of employees. Talent management refers to the capability a company considers strategic necessary for its labour and workforce planning. It allows users to ensure that top talent is employed, developed, and trained for maximum value for the organization.

Frequently Asked Questions

What is the best Talent Management Software?

1) TalentReef enables organizations to streamline staff recruitment, training & management functions. Allows managers to streamline applicant flow, ensure compliance and boost employee productivity. It allows human resources to filter suitable candidates for the job.

2) Skilo talent management platform enables human resources to set team goals and monitor the performance of goals. Allows an admin to plan growth actions and set conditions for promotions. Enables employees to gain visibility on their rewards.

3) Trakstar allows administrators to evaluate competencies based on relevant questions and give feedback to each appraisal accordingly. Allows users to send reminders to employees, colleagues, and partners via email for upcoming appraisals.

4) TalentGuard enables users to recognize skill gaps via configurable assessments. It provides automated performance management, recruitment management, career pathing, and succession planning. Allows a human resources admin to create and track goals, access learning resources, and receive stakeholders’ feedback.

5) Monster TMS enables users to create a talent search portal and search for appropriate applicants using an applicant tracking system. Allows human resources to send information or data links to their employees and manage employee data. Enables employees to merge their social profiles with the company’s profiles.

6) TalentQuest enables managers to create soft and complex employees, observe their behaviour, and enhance retention. It provides an in-built content library that allows HR to access courses based on multiple skills.

7) Hiretual enables HR professionals to share tasks with their employees and monitor the progress of tasks for employee development. Allows managers to review applicants skillsets and communicate with them via phone and emails.

8) Talenya enables HR to analyze publications, peer ratings, reviews and tasks to specify the skill ability levels of multiple candidates. It allows HR to use AI-based tools to add skills across candidate profiles.

9) Skillnet allows managers to provide 360-degree self-assessments. Enables managers to create action plans using assessment data. It allows users to view team data to analyze the weaknesses and strengths of their team members.

What is a Performance Management System?

Performance Management System allows businesses to organize and monitor employee performance. It helps managers find and track top performers by providing quick feedback and evaluating performance over a defined period. Onboarding: Ensure a simple and efficient onboarding process for a new hire. Automate a paperless training process. Goalsetting: Set measurable objectives for companies and employees using a performance management system.

What are the four pillars of Talent Management?

1) Recruitment – It allows organizations to manage candidates for hiring and recruitment purposes. Allows recruiters to collect information organize candidates based on experience and skill set. Allows recruiters to search and filter resumes and ensures that organizations get the best candidates for the position.

2) Corporate Learning – Corporate learning management focuses on the employees and aims to educate them, promoting career growth and other training opportunities. The education process is done through group activities and interactions. It also helps employees expand and grow their career options, increase employee retention and satisfaction, and provide a productive work environment.

3) Performance management – Teamwork and employee feedback play an essential role in performance management. Promote success and team discussions and meetings and manage drawbacks and errors. Reviews are done by various team leaders, managers, employees, creating a complete performance report.

4) Compensation management – Enables businesses to deal with non-financial incentives and benefits management to boost employee performance, attract recruits, and improve engagement. It also allows managers to connect employee performance with the benefit and reward system.

Featured Image Courtesy – Photo by Ayelt van Veen on Unsplash