Best Talent Management Software

What is Talent Management Software?

Essentially, talent management systems help manage employees at every stage of their career in the company. 

First, it can help employers recruit employees. It can do this by posting job positions on various sites and structuring job adverts by determining the most desirable skills and experience.

Second, it can help with the onboarding process by structuring early employee training. Additionally, the best talent management software will make the employee onboarding process as engaging as possible to give employees a fantastic first impression.

Talent management software can also help employees during their time in the company. It can do this with various management tools, like a time and attendance tool, an absence tool, a self-service portal, and more. It will also include training software to provide top-quality learning tools for employees.

Overall, talent management software is a vital tool to manage employees and give them the best experience in the company.

What Does Talent Management Software Do? 

Employers will primarily use talent management software for recruiting, onboarding, and managing their employees. However, employees can use the self-service portal and learning tools to conduct their own training.

Here is what talent management software can do for employers and employees.

• It helps companies recruit employees: Talent management software can help with recruitment by posting positions on job sites and structuring job adverts by determining the most desirable skills and experience for the role.

• It helps to onboard employees: It can structure early employee training to simplify the onboarding process. Additionally, the best talent management software will make the employee onboarding process as engaging as possible to give employees a fantastic first impression.

• It can manage employees: Talent management software can also help employees during their time in the company. It can do this with various management tools, like a time and attendance tool, an absence tool, a self-service portal, and more. 

• It can encourage employee learning: It will also include training software to provide top-quality learning tools for employees.

How We Rank the Best Talent Management Software

At SaasGenius, we apply a thorough evaluation methodology to identify the best talent management software options. Our evaluation includes key criteria such as pricing, ease of use, features, and support. We also use the Genius Score, a customized rating system that ranges from 0 to 100 and combines external reviews and the assessments of our internal testing team. If you’d like to learn more about our rating methodology, we encourage you to visit our full rating methodology page.

Main Features of Talent Management Software

Now you know what talent management software can do, you need to know all the specific features it can offer to manage and guide employees. Here are some of the best features of talent management software:

• Recruitment:  Posting positions on job sites and structuring job adverts by determining the most desirable skills and experience for the role.
• Onboarding: It can structure early employee training to make the onboarding process exciting and straightforward for employees to give them an excellent impression of the company.
• Absence Management Tools: Talent management software can record and keep track of employee leave and absences.
• Employee Database: An employee database is a tool for the employer, so they have a quick and easy portal to find employee data and contact details.
• Employee Portal: If employees need to change any of their personal information, they can change it themselves by using an employee portal.
• Learning Tools: These training tools help employees improve and learn new skills.

Benefits Of Using Talent Management Software

Now you know the main features of talent management software, you need to know how you should use it and the primary benefits of it. Here is how talent management software can benefit the company’s employers and employees.

Introduce Employees To A Company

Employers can use talent management software long before bringing an employee into the company. For example, they can use it to post jobs on numerous search engines and job sites to make sure enough candidates see it. 

Additionally, they can use the software as a guide to creating a job advert that makes the job sound exciting while displaying the experience and skills a candidate needs.

You can also use talent management software to onboard employees. For example, it can help you construct training sessions for new employees to make the onboarding process accessible. 

Manage Employee Activity

Once employees settle into the company, you can use the talent management software to manage them with various tools.

For example, there are attendance and Absence Management Tools to record and keep track of employees’ attendance, leave, and annual absences.

Most talent management software tools also have an employee database to update employee information and access their contact details.

Access to The Portal And Training Tools

Although most of the tools on talent management systems are for employers, there are some tools that employees can access.

Employees can use an employee portal if they need to change their personal information. The employee portal also takes some responsibility away from HR employees.

Talent management software will also have learning tools for employees after the onboarding process; they can use these to learn new skills or improve a particular aspect of their performance.

Streamline The Recruitment And Onboarding Process

Recruiting and onboarding can be a long and sometimes complex process. Using talent management systems can speed up the process and make it simple for you to find top talent and onboard them effectively.

Attract And Retain Excellent Talent

Once you use the software’s excellent recruitment tools to find top talent, you can keep them in the company by providing excellent training services and comprehensive management tools like time management and leave tools.

Improve The Employee Experience

Finally, talent management software can improve the employee experience by making the tools easy to use and engaging; this is especially useful for learning tools because employees are more likely to retain the information.

Who Should Use Talent Management Software?

Talent management software is helpful for numerous company types and sizes. Multiple features can benefit all company sizes. Here are the types of businesses that should use talent management software.

Small Businesses

Although talent management software is not as necessary as it is for a large company, it can still be helpful. For example, employers in a small business can use the recruitment tools to make sure enough candidates see your job adverts; it can be challenging for a small business job advert to compete with a large company. 

Additionally, the onboarding and training tools can help train less experienced employees and improve their skills.

Medium Businesses

Medium-sized businesses will also find the recruiting and onboarding tools helpful, but there are other tools they can take advantage of (small businesses are less likely to use these).

Medium-sized businesses can use the employee database and employee portal tools to make it easier to store and access employee information.

Large Companies And Enterprises

Large companies will get the most use out of talent management software; they can use all the tools, including recruitment, onboarding, streamlining employee management, allowing employees to conduct their own training, and more.

How Much Does Talent Management Software Cost?

The pricing for talent management software entirely depends on numerous variables. For example, it depends on the features in the software, whether the software package is for a small, medium, or large company, and whether the software is part of a larger package.

If the talent management software is a part of a larger package, it will be significantly more expensive.

Talent management software has multiple pricing tiers. There’s a lower tier for small businesses (usually not over $20), a plus tier for larger businesses, and an enterprise tier. For some enterprise software tiers, you will need to acquire a quote.