Best Talent Management Systems

Management of employees and analyzing their performance is crucial for any aspiring business on its path to achieving greatness. This has been proved by various studies time and again.

This is where Talent Management software comes in.

In this article, we are counting down the best Talent Management Systems available in the market that you can use right now.

According to one survey, 95% of the companies admit having hired the wrong people for the required jobs every year. This is extremely bad for the performance and overall productivity of a business.

Only 3% of the organisations feel that their performance management is top-quality, while 48% say it needs some work. Therefore, employee management should be one of the top priorities for any HR department.

To do just that, HR teams have to effectively manage all of the employee data and their performance sheets. Which can become quite burdensome, if you are not using specialised software like Talent Management System.

It is an intimidating task to research and review each and every HR software out there. Thankfully, we’ll be analyzing the Top 5 Talent Management solutions currently in the market and explaining their benefits as well as disadvantages based on their performance, cost-effectiveness, and features.

5 Best Talent Management Systems

Here are the top 5 Talent Management Systems that can help your HR team to work much smoother and make employee management feel like a charm:

• Monday.com: Best for All
  
  
• Zoho Recruit: Best for Staffing Agencies & Corporate HRs
  
  
• Oorwin: Best for consulting companies & Mid-sized businesses
  
  
• SutiHR: Best For Startups & Mid size Business
  
  
• Netchex: Best for Growing Companies of all Sizes

About Monday.com

The first software on our list is Monday, an open-platform employee management system designed to track employees and their talent pipeline effectively. On Monday, HR managers can track the recruitment process of all candidates at a glance, onboard new employees with the help of existing templates, and analyze the performance of current employees in depth.

It also includes team management and task management tools which allow for ease-of-use and flexible onboarding to any team and manages multiple projects across the entire team.

With faithful customers such as Uber in Cabs, Adobe in IT, and Unilever in Health, Monday.com is an excellent talent management solution serving more than 125 thousand companies of all sizes. This makes it suitable for any business regardless of its size and specialization.

Monday.com Benefits

Superior Optimization of Employee Recruitment

With Monday.com, you can streamline your internal planning process and coordinate with fellow hiring managers. It allows you to easily track where candidates are in the process with a record of each stage.

Faster Onboarded Hires

Monday allows you to make onboarding new potential talent a smooth and enjoyable experience for every new employee. You can adapt a ready-made template that comes with Monday to your company’s onboarding process and easily make adjustments as your process evolves.

Motivate and Retain Employees with Engaging Activities

Monday.com also provides you with an engaging activities planner to boost overall workforce morale and keep employees happy. You can easily create a yearly plan and gather feedback for each activity.

Create your own Flow

Start with designer-made templates that you can shape to help your specific use cases. You can even shape your own workflows from scratch in minutes to support your HR team’s needs.

Monday.com Features

• Access Controls/Permissions
• Account Alerts
• Account Management
• Activity Dashboard
• Activity/News Feed
• Administrator Level Control
• Advertising Management
• Agile Methodologies
• Alerts/Notifications
• Approval Workflow

Monday.com Pros & Cons

Monday.com Pricing

Monday.com comes with 4 different subscription plans with varying prices depending upon your team size:

• Individual: Free support for up to 2 seats for individuals looking to keep track of their work.
• Basic: $8 seat/month to manage all your teams’ work in one place.
• Standard: $10 seat/month for Collaborating and optimizing your team processes.
• Pro: $16 seat/month to streamline and run your teams’ complex workflows.

Technical Details

About Zoho Recruit

Zoho Recruit is a cloud-based talent management system designed to provide diverse, end-to-end hiring solutions for staffing agencies, corporate HRs, and the temporary workforce. With its intuitive remote hiring software, your hiring process is made effortless.

With Zoho Recruit, you can customize every aspect of your workflow and automate trivial tasks like sending emails, updating interview status, and much more. You also get reports and analytics at your fingertips and plan better hiring strategies. Zoho Recruit helps you source, track, and hire the best candidates without juggling the required across different media.

Trusted by 600+ businesses worldwide, including brand leaders like Yokohama, SpiceJet, and Airtel, Zoho Recruit is among the best talent management systems you can use right now.

Zoho Recruit Benefits

Run Background Checks

Zoho Recruit helps you maintain safe, compliant, and inclusive hiring practices by the integration with Checkr. Zoho Recruit ensures that your candidate background screening reports reach you sooner, helping you hire faster.

Apply with LinkedIn

With Zoho Recruit, you can include LinkedIn profiles as part of your resume database. As LinkedIn profiles are digital CVs tailored by job-seeking candidates, you can help their search by using the fine-crafted profiles to fill out lengthy job application forms.

Source talent faster

Source Boosters (Zoho Recruit’s proprietary, state-of-the-art sourcing system) enables recruiters to save time and effort when searching for candidates. You can get an upper hand by filling your requirements of the opening, finding candidates who match the profile and adding them to the Zoho Recruit database—all in a matter of seconds.

Send offer letters with ease

Offer management enhances your candidate experience. Send professional offer letters with a single click to increase the acceptance rates of your candidates.

Zoho Recruit Features

• Applicant Tracking
• Application Management
• Assessment Management
• CRM
• Evaluation Management
• Factor-based Evaluation
• Internal HR 
• Interview Scheduling
• Job Description Management
• Job Management
• Job Marketplace

Zoho Recruit Pros & Cons

Zoho Recruit Pricing

Zoho Recruit offers different subscription plans for corporate HRs, staffing agencies and temporary workforces:

For corporate HRs, Zoho Recruit offers two different plans:

• Standard: ₹1,250/month billed annually for HR teams requiring basic HR support.
• Enterprise: ₹2,500/month is charged annually for HR managers with advanced HR needs.

For staffing agencies, Zoho Recruit provides several other subscriptions:

• Standard: ₹1,250 per month for basic HR management features.
• Professional: ₹2,500/month for all core HR features designed for advanced HR teams.
• Enterprise: ₹3,750 per month including all the advanced features in one package for HR managers.

They also have a specialized plan for temporary workforces that you check out on their site.

Technical Details

About Oorwin

Oorwin is an AI-powered SaaS platform that offers a fully integrated ATS, CRM, and HRMS platform. It delivers superior productivity and growth for staffing agencies as well as consulting companies. Created after many years of research and experience, Oorwin intends to change the traditional practices of hiring, sales, and customer experience with its ease of use and simplicity.

It is a unique blend of technology at its core and customer-focused support that empowers companies to work seamlessly across offices, countries, and remote work landscapes. It also serves thousands of satisfied clients across the USA, Singapore, United Kingdom, and India, making it an excellent choice for your talent management solution.

Oorwin Benefits

Powerful Third-Party Integrations

Oorwin comes with premium-grade plugins and integrations, enabling you to parse several resume formats from Chrome, Inbox, and Gmail. It generates profiles automatically and also performs version control.

Robust Recruitment System

Oorwin allows you to run diverse recruitment models for a single position by creating hiring types, adjusting access roles to steps, and including customized recruitment stages

Effective Job Posting

Oorwin also comes with a multi-site job posting capability, which lets you send mass-mails to urgent positions automatically.

Superior Document & Assignment Management

With Oorwin, you can manage and allocate assignments over a single window with automated reminders, real-time tracking, and easy task generation. You can also organize all your documents in one place with their dynamic folder management with automated expiry reminders for compliance.

Oorwin Features

• Social Sourcing
• Candidate Sourcing Metrics
• Career Page Configuration
• Workflow Building
• Hiring Processes Tracking
• Scheduling
• Candidate Evaluations
• Automated Resume Parsing
• Candidate-Facing Statuses
• Filtering
• Resume Management

Oorwin Pros & Cons

Oorwin Pricing

Oorwin offers customized subscription plans according to the needs and requirements of the client.

Technical Details

About SutiHR

SutiHR is an end-to-end HR talent management solution made for corporate businesses and agencies. It provides you with employee self-service & on-boarding, applicant tracking (ATS), and much more. SutiHR’s superior reporting and analytics put data at your fingertips so that you can ensure optimal performance and effective management of resources.

SutiHR is currently serving thousands of business customers who come from a variety of different industries. Their ideal customer is looking for an easy and cost-effective way of automating their HR processes.

It has also received several accolades and is ranked consistently as one of the top-rated HR talent management systems. With industry giants like Yamaha, Cipla, and SiriusXM as proud customers, SutiHR is undoubtedly one of the best talent management solutions right now.

SutiHR Benefits

Effective Goal Management

With SutiHR, you can use goals and KPIs to help achieve performance targets. Goals can be used with or without performance reviews. You can easily align individual goals to company targets and improve performance while fostering business results. Goals can be measured using various methods including SMART.

Convenient Shift Scheduling

SutiHR lets you create shift schedules and manage time off, employee availability, and shift trade requests. Reduce absenteeism and late arrivals, and get notified of overlapping shifts as well as shift drops.

Expense Tracking & Budgeting

You can efficiently manage employee expenses such as travel, hotel and food within a centralized system and create expense reports on the go. Set spend limits and control your budgets. With SutiHR, you can easily eliminate the guesswork and improve your business productivity with real-time work and cost data.

SutiHR Features

• Anonymous Feedback
• Applicant Tracking
• Assessment Management
• Automatic Time Capture
• Background Screening
• Benefits Management
• Billable & Non-Billable Hours
• Billing & Invoicing
• Candidate Tracking
• Compensation Management
• Customizable Templates
• Customization

SutiHR Pros & Cons

SutiHR Pricing

SutiHR offers 2 pricing plans according to the different needs of businesses:

• Core: $4 per User/Month for HR teams just starting their talent management.
• Advanced: Customized subscription for the advanced HR needs and resources.

Technical Details

About Netchex

Netchex is a cloud-based HR system built to help Small-to-Medium Enterprises (SMEs) manage their employee lifecycle from recruitment to retirement with a range of tools to manage recruiting, hiring & onboarding, and payroll and tax compliance. Being a cloud-based solution, Netchex gives users the flexibility to manage the employee lifecycle anytime, anywhere, via any internet-enabled device.

Netchex helps recruitment teams streamline the whole hiring process through their onboarding and applicant tracking system. With Netchex recruiting technology, you can find and evaluate potential candidates, run background checks, send out offer letters, document resumes, and much more.

With hundreds of clients across various industries such as Banking, Hotels, Education, and Healthcare, Netchex offers an excellent talent management solution to businesses and enterprises, regardless of their niche or specialization.

Netchex Benefits

Dynamic Employee Monitoring

Netchex allows you to monitor employee time and attendance, including their excessive absences, overtime, or unscheduled work and then uses this data to forecast accurate labor costs.

Efficient Self-Service

Netchex provides solutions that help users control their medical and dental coverage online with self-service enrollment, compensation statements, life change management and usage metrics features.

Unified Dashboard & Workflow

Netchex streamlines HR activity with centralized HR resources including forms and policy library, customized handbooks, and NDAs, non-compete and performance reviews.

In-Depth Recruitment Analysis

Netchex helps users make informed hiring decisions with interview evaluation reports and analysis, including their background checks.

Personalized Customer Support

Netchex’s customer support model gives their clients access to a dedicated advocate and service team who learns their business individually, giving them a personalized experience every time they call for support.

Netchex Features

• Integration  API 
• Alerts/Notifications 
• Data Import/Export 
• Employee Database
• Employee Management 
• Employee Profiles
• Mobile Access 
• Performance Management 
• Recruitment Management
• Employee Lifecycle Management

Netchex Pros & Cons

Netchex Pricing

Netchex’s subscription plans start from $12 per month. They also offer customized plans based on the needs of their clients.

Technical Details

What is Talent Management Software?

Talent Management software is an application used for the effective management of employees. Starting from employee recruitment to their retirement, Talent Management software helps review and manage employee performance with a wide range of different tools.

Benefits of Talent Management Software

While HR software generally targets all the core aspects of HR tasks, Talent Management Softwares are more specific in their approach.

Here are some of the benefits of Talent Management Systems:

• Accessible Data Sharing
• Identifying Top Talent
• Improving Employee Performance

Accessible Data Sharing

Connecting and sharing data across an organization creates an extensive view of talent management information. Companies then can easily align all core HR processes such as recruitment, onboarding, performance assessments, and benefits management. Access to correct data leads to making better strategic and business decisions.

Identifying Top Talent

According to the Society for Human Resource Management, replacing employees who have left the organization costs about one-third of that worker’s yearly salary. Talent management software hosts all employee information in one platform, allowing companies to track performance reviews, increase employee retention rates, create individual development plans and career goals to make sure employees are happy.

Improving Employee Performance

Annual performance reviews are pretty time-consuming and involve substantial paperwork. Shifting to continuous performance management allows for frequent, real-time feedback that helps boost employee commitment and capacity. It tracks progress against tangible goals, which leads to better decisions about employee reward and acknowledgement strategies.

Who Uses Talent Management Software?

Talent management systems provide the concerned recruitment teams of businesses, HR departments, and various recruiting personnel with a perspective-oriented approach to recruiting, performance management as well as offboarding.

Types of Talent Management System Software

• Career management software: Organizations use this type of HR solution to support their employees’ career development and strategic succession planning.
  
  
• Compensation management software: HR managers use this solution to manage salaries, plan employee bonuses, and recommend salary increases.
  
  
• Employee engagement software: This type of HR solution helps organizations keep a check on their employees with pulse surveys that collect employee feedback, gauge their sentiment, and promote employee achievements.
  
  
• Performance management software: Organizations use this talent management solution to establish employee performance standards and evaluate employees via 360-degree overall feedback.
  
  
• Offboarding software: Business managers use offboarding software to organize the offboarding process and track all forms and necessary paperwork to process employee exits and terminations.
  
• Recruiting software: These talent management solutions help companies facilitate recruitment, hiring, and onboarding of potential new talent.
  
  
• Relocation management software: These talent management solutions provide HR personnel with relocation solutions that help track, organise, and manage relocation management programs.
  
  
• Training eLearning software: These talent management solutions help businesses and HR departments facilitate the training, education, and professional development of employees or customers.

How to Find the Best Talent Management For Your Business?

It can be a little daunting to search for the best Talent Management System out there.

After all, there are plenty of great HR companies offering their products in the market. How are you supposed to find the top Talent Management Solution for your requirements?

Well, here we’ll be giving you the best tips to look out for while searching for the best Talent Management System for your business.

• Consider Your Company Requirements
• Look for Solutions with Detailed Reporting
• Keep your Budget in Mind

Consider Your Company Requirements

An effective talent management solution should integrate with other systems used in business operations such as accounting, benefits payroll, and other HR tools. Poor system integration leads to low-quality data analytics.

Look for Solutions with Detailed Reporting

Talent analytics offer several benefits to help companies understand their employees better. Using analytics with predictive capabilities allows your organization to make data-driven decisions in areas such as productivity, employee retention, and future hiring needs.

Keep your Budget in Mind

Implementing a talent management HR system can be a substantial investment. Smaller companies can benefit from a Software-as-a-Service (Saas) model that scales up as the organization grows.

Conclusion

To sum up, we reviewed the top 5 Talent Management Systems in the market that are worth checking out, if you are looking for an awesome HR Talent management solution for your business.

It is worth mentioning that there is no one-size-fits-all solution when looking for specialized HR software like a Talent Management system. We also discussed what factors you should keep in mind when looking for the best HR Talent Management system for managing, recruiting and onboarding your employees.

• Monday.com: Best for All
  
  
• Zoho Recruit: Best for Staffing Agencies & Corporate HRs
  
  
• Oorwin: Best for consulting companies & Mid-sized businesses
  
  
• SutiHR: Best For Startups & Mid size Business
  
  
• Netchex: Best for Growing Companies of all Sizes

If you are looking for a more comprehensive HR solution tailored for your business, you can check out our other article for the best HR software here.