Showing 1-20 of 86 products
Ideal for small and mid-sized businesses, BambooHR offers a cost-effective, web-based HR and talent management solution that even the less-than-tech-savvy can navigate. Read more
Recent recommendations: 74 recommendations
Dayforce, provided by Ceridian, is a cloud-based solution for Payroll, Benefits, Workforce Management, Human Resources, Talent Management, Document Management, and Analytics. As a single application, Dayforce provides organizations... Read more
Recent recommendations: 54 recommendations
Ascentis HR offers a great web-based solution for managing your talent processes. By utilizing employee self service modules, this system - ideal for 100 to 2,500 employees automates onboarding and talent management processes. Read more
Recent recommendations: 34 recommendations
Workzoom by Nortek is the all-you-need cloud-based people management platform that helps clients simplify HR, payroll, benefits, time, recruiting, performance, learning, expense management and much more. Workzoom has all the functionality... Read more
Recent recommendations: 22 recommendations
ADP Workforce Now is a comprehensive solution for managing HR, payroll, talent, compliance, and employee benefits. This workforce solution is suited for businesses with more than 50 employees looking to streamline HR processes. ADP... Read more
Recent recommendations: 14 recommendations
Vista is an integrated human resource, benefits, payroll, recruiting and self-service application that offers tools for administrative HCM and payroll processes. Functional elements include workflow, tax management, recruitment,... Read more
Recent recommendations: 12 recommendations
OnePoint HCM is a single database human resource management solution (HRMS) that helps streamline the entire employee lifecycle, from onboarding to staff retention. The cloud-based HCM platform offers one login access self-service... Read more
Recent recommendations: 9 recommendations
Sparkrock is an all-in-one solution for large and midsize Nonprofit organizations. It offers Finance & Accounting, Workforce Management, Payroll, Employee Scheduling, Case Management and Donor Management. Each module can be purchased... Read more
Recent recommendations: 2 recommendations
Cornerstone OnDemand is a powerful, configurable platform that offers enterprise-level organizations a fully integrated talent management suite designed to ensure that the business can recruit, train, and effectively manage all of... Read more
Recent recommendations: 1 recommendations
Designed exclusively for the healthcare industry, HealthcareSource provides a talent management platform with a variety of features, including applicant tracking, onboarding, learning management, performance management, and more. HealthcareSource's... Read more
DATIS HR Cloud’s e3 is a completely unified HR and Payroll software solution that empowers Health and Human Services organizations to better achieve their mission. DATIS connects employees, aligns departments, and transforms organizations... Read more
Built on intelligence and machine learning, Oracle HCM Cloud is a complete human resources (HR) application suite. It is a personal, adaptable tool designed to support the entire workforce lifecycle worldwide for every industry and... Read more
Recent recommendations: 4 recommendations
Workday HCM is a cloud-based human resource management solution that assists global businesses of all sizes in a variety of industry verticals with workforce planning, analysis, and execution. Workday delivers user and administrative... Read more
Kronos offers users powerful tools for automating the processes of hiring, on-boarding, and managing talent. This web-based solution is agile, and easily adapted to meet various organizational needs Read more
Findmyshift is a cloud-based workforce scheduling solution that enables businesses to streamline processes related to attendance tracking, payroll, time-off management and more. It comes with an application programming interface (API),... Read more
Paylocity is a cloud-based human capital management (HCM) platform that provides human resources and payroll management tools to help businesses of any size manage core HR functions. Key features include payroll processing, benefits... Read more
Aspect Workforce Management is an employee management solution for midsize to high volume call centers that can be deployed on-premise or hosted in the cloud. Aspect Workforce Management enables users to forecast staffing requirements... Read more
SAP SuccessFactors business software provides organizations with an integrated suite of features to manage their workforce. The solution offers tools for both enterprise organizations and small businesses. It's cloud-based, so the... Read more
ADP Vantage HCM is an on-premises human capital management (HCM) solution suitable for large organizations with more than one thousand employees. ADP Vantage offers integrated tools to manage recruiting, talent management, time management,... Read more
In place at over 5,000 companies worldwide, Taleo's talent management solutions help hiring managers and recruiters source, attract and recruit the best talent, while ensuring maximum employee ROI. Read more
Talent management is a hot topic within the Human Resources (HR) software market. This software category refers to two primary functions: the acquisition of new hires and development of employees. There are more than 100 different software solutions available to improve your processes of interviewing, hiring, onboarding and retaining employees. Learning management is also increasingly being considered as part of this application category. With the HR market in constant evolution, we thought this guide would help you make better, more informed buying decisions.
Here’s what we’ll cover:
What Is Talent Management Software?
Talent management software is the trump card when it comes to successful acquisition, development and retention within an organization. That’s because with the right system, hiring managers can easily track applicants, stay organized throughout the interview process and minimize the paper trail when onboarding new hires.
It's certainly possible for companies to buy separate, "stand-alone" systems for each of these tasks—for example, one solution for tracking applicants, another for new-hire onboarding, and so on. But for companies looking to automate all of the above, a comprehensive talent management suite will incorporate all of these functionalities.
The top platforms also help modernize and streamline the performance review processes. Employees and managers can track individual performance goals and accomplishments throughout the year, making the review process a collaborative effort with measurable success.
With the evolution of cloud computing, complex processes have been revolutionized by engaging and involving a broader set of employees and managers. Cloud computing, or Software as a Service (SaaS), gives users the ability to tap into resources from anywhere there is Internet access. These Web-hosted, feature-rich solutions enable candidates to view and apply for your open positions online, answering specific questions and submitting important documents without flooding email in-boxes. Hiring managers can quickly access key information and identify their best applicants, minimizing time spent filtering through countless emails.
Core functionality includes:
Resume import function
Real-time performance documentation
Key document tracking
Why Do Companies Buy Talent Management Software?
Over the years, we’ve spoken to hundreds of companies considering the purchase of talent management software. As a point of reference, we thought it would be helpful to provide potential buyers with an overview of past clients’ main application requests, as well as reasons for purchasing this type of software.
The number one application requested by companies searching for talent management software was performance review, while applicant tracking and recruiting came in second.
Almost half of the buyers we spoke with were looking to automate and/or improve their efficiency or effectiveness with the purchase of a new talent management system.
Also interesting to note, the sizes of businesses seeking talent management software spanned a wide range. It seems that talent management is a concern for companies of all sizes.
However, the type of talent management system you purchase will most likely be dependent on the number of employees you currently have, and the type of software you currently employ. As such, it is important to note that there are several different types of buyers.
Benefits and Potential Issues
Modernizing the approach a company takes to attracting and retaining talent makes it easier to keep employees engaged and motivated. Furthermore, by streamlining the processes for acquiring and retaining talent, employers can stay better organized and communicate more effectively. With candidate and employee information available at their fingertips, managers and HR professionals can quickly accomplish routine tasks to focus on more strategic initiatives. And employees that have a sense of their value within an organization are far less likely to leave than those who don’t. Having the right talent management tools is important to taking your people processes to the next level.
What Type of Buyer Are You?
Before you purchase a system, it is important to assess what kind of buyer you are. We believe that the majority of buyers fall into one of these categories:
Integrated suite buyers. These buyers work for organizations where some, or all, of the HR processes have become disjointed and inconsistent. They need reliable solutions to improve operational efficiency within their existing HR processes, while effectively updating their management of top talent. Quite simply, these buyers are looking to implement a range of applications, all within one integrated suite. Integrated HR suites with robust functionality are often the best solution.
Best-of-breed buyers. These buyers work for large organizations specifically interested in updating acquisition, development and retention strategies and processes. They need straightforward, easy-to-use talent management system tools that can be implemented into a complex operation with minimal interruption. Functional depth is critical to meet demanding departmental requirements, and best-of-breed systems with high SaaS capability offer the best solutions.
Cost-conscious buyers. These buyers work for organizations that are looking to update their existing systems while keeping costs low. Although there are less expensive on-premise options available, the evolution of SaaS in HR software is changing the industry. That’s because organizations with more limited resources are able to access a broad range of solutions. Cost-conscious buyers looking to enhance their acquisition process should consider stand-alone, best-of-breed applications to integrate with their existing HR systems, either on-premise or on in a hosted, SaaS-based model.
Market Trends to Understand
These trends should be considered as you research talent management solutions.
Consolidation. Recently, larger HR software companies have aggressively acquired many best-of-breed solutions as a means of strengthening the arsenal of their integrated suites. For buyers, this means increased functionality and integration with the rest of your HR system. These integrated suites offer across-the-board functionality, which provide users with a one-stop shop. Larger vendors have the resources to offer more customer support, and offer easy-to-implement solutions. The downside? Service sometimes experiences disruptions as vendors are acquired. Locking in rates and service/maintenance terms should minimize any discrepancies.
Software as a Service. SaaS has changed the HR landscape, offering exceptional usability for managers and employees at every step in the process. With its Web-based interface, SaaS offers buyers the tools to simplify and streamline complicated processes, such as applicant tracking and performance appraisal. Improved accessibility translates to increased usability, which in turn creates a more cohesive and collaborative effort when interviewing candidates or reviewing employee performance.
Strategic HR. Regardless of industry or size, an organization’s greatest resource is its people. Today, some of the most successful companies are focused on enabling HR professionals to harness this resource to its fullest. Analysts have been coining phrases like proactive management, talent pooling and retention strategies for a while now, and branding this category of software as “strategic HR.” Modernizing the process of attracting, acquiring and developing talent with these strategic tools enables an organization to consistently build the value of its talent pool. Buyers should consider whether they purchase these strategic HR tools from an existing HRMS vendor or a pure-play strategic HR vendor.
The Vendor Landscape
|These types of buyers...||Should evaluate these systems...|
|Integrated suite buyers||Sage Abra HRMS, Lawson HCM, ADP, PeopleSoft|
|Best-of-breed buyers||Halogen, Taleo, Plateau|
|Cost-conscious buyers||iCIMS Talent Platform, aQayo, AcquireTM|