12 Best Talent Management Software and Platforms

Talent management software can help you oversee your employee cycle better.

It connects and automates your workflows, giving you the data and visibility to assess and develop your workforce more effectively.

Tons of companies are now investing in talent management systems to improve their retention rate. If you are also exploring your options, I have compiled a list of the best talent management software and platforms for you.

What is a Talent Management Platform and What Tools Are Best for You?

Talent management platform is a software product that sells a variety of skill development and employee nurturing features.

From onboarding training and performance appraisal to compensation planning and feedback analysis, it gives you all the essential tools to retain high-skilled workers.

Many HR applications now provide talent management as a part of their package. But plenty of standalone platforms are also available in the market.

Some of them offer a combination of acquisition, performance measurement, and skill development features, while some target specific areas, like career growth or well-being.

Top Features to Look for In a Talent Management Software;

• Talent acquisition.
• Performance management.
• Succession planning.
• Learning and development.
• Analytics and reporting.

In the below list, I have added a mix of general and specific software products to help you expand your search. Check out the reviews and compare their core features to shortlist the best-matching apps.

1. Clear Company

Clear Company is a robust talent management software. You can use it to plan your workforce, optimize onboarding workflows, and create a better company review/feedback system.

The software comes with several pre-built reports and automation tools to monitor the employee cycle and evaluate HR processes. With its engagement features, you can establish a strong company culture and target your employees’ well-being.

For communication and collaboration, Clear Company provides mobile-friendly features and Slack integration. You can share announcements and birthdays on Slack and arrange 1:1 sessions between the manager and team members.

One other notable feature of Clear Company is performance management. You will get planning tools and workflows to create custom quarterly and annual reviews.

Overall, Clear Company is a good product and worth exploring.

Core Features

• Applicant tracking system.
• Background checks.
• Onboarding.
• Workflow automation.
• Employee engagement.
• Performance management.
• Feedback.
• Self-service portal.
• Analytics and reporting.
• Mobile friendly.

Price

Clear Company shares prices on request. You can book a demo to check out the platform.

2. Engagedly

Engagedly targets skill development and internal connections.

The product suite contains several interactive features like team collaboration and performance management to increase employee engagement and boost work productivity.

You can assess your employees’ skills, deploy surveys and collect feedback, conduct challenges to increase participation, and issue rewards to motivate employees.

With analytics, you can evaluate workforce performance and mobilize your talent.

Engagedly has also recently acquired EMPLOYEEapp to extend its functionalities. Via this feature, you can optimize internal communication and build connections with remote teams.

Core Features

• Goals and OKR.
• Surveys and check-ins.
• Gamification and rewards.
• Learning and development.
• Team collaboration.
• Mentoring.
• Real-time feedback.
• Performance appraisal.
• AI and automation.
• Analytics.
• Mobile friendly.
• Integrations.

Price

Engagedly’s basic package costs $9 per month. You can purchase Rewards and Learning modules as add-ons.

3. Workday

Workday is an enterprise-grade HR platform. It offers a diverse range of HR products, including talent management software.

Core capabilities of Workday TMS are talent acquisition, career development, and performance management.

With its AI-powered tools, you can easily manage your recruitment cycle and set up learning opportunities for your staff.

One of Workday’s best features is its skill cloud. You can use it to evaluate your workforce and identify skillsets that your company may need to improve performance.

Core Features

• Headcount planning.
• Candidate pipeline.
• Team collaboration.
• Goal management.
• Skill development.
• Built-in compliance.
• Personalized content.
• Performance management.
• Analytics and reporting.

Price

Workday shares prices on request. Contact sales for the quotes.

4. Cornerstone

Cornerstone focuses on career development. It enables you to manage top talent efficiently and gain valuable insights to improve the overall work performance.

Here, you can set up a review and feedback system to monitor your workforce performance and find skill development opportunities. Via its core HR module, you can centralize data and create personalized learning paths.

Recruitment and onboarding are also included in the software. You can source candidates from external channels and develop an onboarding kit to integrate new hires into your workforce.

You can also use internal data to discover potential leaders from your existing pool and mobilize them internally.

Cornerstone can be integrated with third-party applications.

Core Features

• Workforce planning.
• Recruitment and onboarding.
• Skills assessment.
• Feedback surveys.
• Performance management.
• Learning and development.
• Analytics and reporting.
• AI and automation.
• Integration and API.

Price

Cornerstone shares prices on request. Book a demo to explore the platform.

5. Rippling

Rippling is also a good option for talent management. It’s a global workforce platform that helps you recruit, hire, manage, and retain overseas talent.

Everything, from workforce planning to offboarding, can be managed via Rippling. You can automate recruitment approvals, track onboarding paperwork, manage time and attendance, and develop a 360° performance review cycle.

With templates and workflows, you can design career growth plans for your employees and give them the necessary training.

The best feature of Rippling is its integrated system. You can oversee both your employees and core operations, like payroll, from the same platform. It simplifies your workflow and makes administration easier.

Core Features

• Headcount planning.
• Recruitment.
• Onboarding.
• Time and attendance.
• Performance management.
• Learning and development.
• 360° feedback cycle and pulse surveys.
• Payroll and compliance.
• Workflow automation.
• Integrations.

Price

Rippling prices start from $8. Contact sales for tailored quotes.

6. Velocity Global

Velocity Global’s core product, the Global Work Platform, lets you hire, pay, and manage people in 185+ countries without needing to set up local entities or decode employment laws in languages you don’t speak.

Think of them as your company’s diplomatic corps.

Just as diplomats handle the complex relationships between countries, Velocity Global handles all the intricate details of international employment.

They’re what’s called an Employer of Record (EOR), which means they legally employ your team members in other countries while you maintain the day-to-day working relationship.

It is surprisingly straightforward to use.

Need to onboard someone in Singapore? Click.

Pay your team in Brazil? Click.

Handle benefits for your developer in Germany? Click.

It’s all centralized in one place.

Their payroll system is worth a special mention. Anyone who’s ever tried to pay international contractors knows the headache of exchange rates, local tax requirements, and benefits calculations.

Velocity Global handles all of this automatically, ensuring everyone gets paid accurately and on time, regardless of where they live.

Velocity Global integrates with major HRIS and ATS solutions like BambooHR and Bob, which means you don’t have to abandon your existing HR tech stack.

Core Features

• Global Work Platform with centralized dashboard for workforce management.
• Multi-country payroll management with automated tax calculations.
• Global benefits administration and equity programs.
• Immigration and visa support services.
• Time and expense tracking.
• HRIS and ATS integrations (BambooHR, Bob, Namely).
• Real-time reporting and analytics dashboard.

Price

Velocity Global provides custom pricing based on your organization’s specific needs, scale, and requirements.

7. Sap Talent Management

SAP provides enterprise business solutions.

One of its products is a talent management app, via which you can hire and nurture top performers.

You can use SAP to manage candidates, process onboarding, create learning programs, and measure work performance. You’ll get the tools to monitor potential leaders and offer development opportunities to help them grow.

Compensation planning is also part of the package. You can build a compensation program based on skills or performance and offer incentives and rewards to the best employees.

Core Features

• Recruitment.
• Onboarding and offboarding.
• Compliance training.
• Career development.
• Goal management.
• Performance reviews.
• Succession planning.
• Compensation management.
• AI and automation.
• Analytics.
• Mobile friendly.

Price

SAP delivers custom quotes. You can reach out to sales for the prices and demo.

8. Talentsoft by Cegid

Cegid Talentsoft sells an HR suite. It covers talent acquisition, learning and development, and talent management.

Here, you’ll get a core platform for HR administration and automation tools to set up your workflows. You will also gain access to custom charts to monitor your staff performance and easily identify areas for improvement.

For talent management, you’ll receive several assessment options and collaboration features. You can use them to connect with employees and run appraisals.

With Talentsoft’s micro-learning content and gamification features, you can build interactive training programs and upgrade your team skills.

Core Features

• Career site and candidate sourcing.
• Internal mobility.
• Performance management.
• Feedback.
• Skill analytics.
• Talent and salary review.
• Learning courses.
• Gamification.
• HR administration.
• Employee and manager portal.

Price

Talentsoft shares prices on request. Book a demo to explore the product.

9. SumTotal

SumTotal is a sister company of Cornerstone.

The app delivers recruitment workflows, onboarding processes, performance management, and compensation planning modules. Additionally, you can create a pipeline to keep an eye on potential leaders and build a succession plan to fill future positions.

The analytics section on SumTotal is advanced but user-friendly. You will receive some templates for quick data generation, but you’ll have the option to customize your reports.

For skill development, SumTotal has a learning module. You can design informal training courses and add gamification to make learning interesting. You can also get curated content for compliance training and tools to build formal programs.

SumTotal supports multiple languages and can be accessed from your mobile phone.

Core Features

• Applicant tracking.
• Recruitment.
• Onboarding.
• Performance measurement.
• Succession planning.
• Compensation management.
• Learning and development.
• Analytics and reporting.
• Customization.
• Multilingual.
• Mobile friendly.

Price

SumTotal shares prices on request. Book a demo to know more.

10. Lattice

Lattice delivers performance management, compensation planning, and career development tools. You can use it to create goals and OKR, identify top talent, build learning programs, and make compensation plans.

Using surveys and analytics, you can measure your workforce capabilities and assess individual strengths.

With goals and collaboration tools, you can set key milestones and objectives and generate personalized career paths to improve retention.

Templates are available for everything to make things easier for you. You’ll even get ready templates for agendas and conversations.

Core Features

• Goals and OKR.
• 360° performance.
• Pulse surveys and feedback.
• Employee engagement.
• Acknowledgement and recognition.
• Compensation planning.
• Career development.
• Templates and customization.
• AI and automation.
• Analytics and status updates.
• HRIS integration.

Price

Lattice per-user prices start from $11. You can purchase each module separately or in a bundle pack.

Contact sales to book the demo.

11. Eightfold

Eightfold is a talent intelligence platform. It has powerful AI tools that automatically centralize your talent acquisition, management, and learning workflows, giving you the visibility to make better retention strategies.

Key talent management features of Eightfold are internal mobility, career paths, projects and courses, and a talent marketplace. You can get a 360° view of available talent and match high-skilled employees to relevant projects and jobs.

With Eightfold’s acquisition and resource management module, you can hire people faster and re-deploy existing employees.

Core Features

• Direct sourcing.
• Internal mobility.
• Candidate experience.
• Skill matching.
• Career paths.
• Learning and development.
• Succession planning.
• 360° view.
• Diversity and inclusion.
• AI and automation.
• Talent marketplace.

Price

Eightfold shares prices on request. Book a demo to explore the software.

12. Trakstar

Trakstar covers hiring, work performance, learning, and development.

With its applicant tracking system and onboarding training tool, you can build custom recruitment workflows and optimize your hiring cycle. Using its performance management module, you can easily assess your workforce and get sentiment analysis.

For skill upgrades and talent development, you will receive a built-in LSM. You can create various training programs and generate scores to measure your program’s impact on your workforce.

Trakstar can be integrated with third-party applications. You can also use Trakstar’s industry benchmarks to compare your human resource performance.

Core Features

• Applicant tracking system.
• Collaborative hiring.
• Onboarding training.
• Goal tracking.
• Pulse survey.
• 360° review feedback.
• LMS.
• Analytics and reporting.
• Benchmarking.
• Automation.
• HRIS integration.

Price

Trakstar provides custom quotes. Contact sales for the demo.

Conclusion

Talent management software plays a critical role in your overall growth strategy.

It allows you to deliver a strong learning experience to new hires and gives you the resources to keep better track of your workforce.

Explore the above tools, compare their functions, and choose the best platform for your business. Good luck!