Talent management involves more steps than one might expect, which is why there are several talent management software options on the market today. This article provides you with the top nine, most affordable talent management software options today.

Top Nine Cheap Talent Management Software

  1. Eddy- Best Pay Per Employee Cheap Talent Management Software
  2. ADP Workforce Now- Best Cheap Cloud-based Talent Management Software
  3. Recruitee- Best Cheap Talent Management Software for Communication
  4. Bullseye Engagement- Best Most Affordable Cheap Talent Management Software
  5. SAP SuccessFactors- Best Cheap Enterprise Talent Management Software
  6. Grayscale- Best Cheap Talent Management Software for Automation
  7. Lattice- Best Cheap Talent Management Software for Performance Management
  8. Freshteam- Best Cheap Talent Management Software for Startups
  9. TalentGuard- Best End to End Cheap Talent Management Software

1. Eddy – Best Pay Per Employee Cheap Talent Management Software
Pricing: Free trial available; starts at $8 per month, per employee

Eddy is a web-based talent management software that offers all of the basic tools and features required to manage incoming employees. The software offers tools specifically designed for employees, as well, in addition to time and attendance tracking to help with payroll.

Key Features:

  • Web-based
  • Employee database and management tools
  • Applicant tracking
  • Job posting
  • Payroll functions
  • Time and attendance tracking
  • Internal HR
  • Direct deposit

Reasons to Buy:

  • Compatible with all desktops
  • 24/7 customer service
  • Easy to access information
  • Can track time for payroll
  • Helpful customer service

Reasons to Avoid:

  • Lacking employee features compared to other software
  • Learning curve
  • Lacking customization

2. ADP Workforce Now – Best Cloud-based Talent Management Software

Pricing: Request from company

ADP Workforce Now offers payroll and talent management tools for your convenience. This software option includes features designed for your employees’, including easy to download and access documents. What makes ADP Workforce Now a good option is the fact that the software automates the payroll process that can be accessed from any computer.

Key Features:

  • Applicant tracking
  • Employee database, management, and profiles
  • Goal setting and tracking
  • Customizable templates
  • Compensation and contractor management
  • Payroll
  • Time and attendance tracking

Reasons to Buy:

  • Tracking features for almost all aspects of talent management
  • Documents are easy to access and download
  • Automates payroll

Reasons to Avoid:

  • Interface can be unintuitive
  • Complicated registration process
  • Doesn’t auto-excludes holidays in time tracking

3. Recruitee – Best Cheap Talent Management Software for Communication

Pricing: Free trial and version available; starts at €99, or $106, per month, per feature

Recruitee is a European talent management software that’s offers an internal HR suite and self-service portal. The company provides 24/7 service, and the software allows you to posts jobs directly through the software itself. However, this is a better option for those looking for management tools, rather than recruiting tools.

Key Features:

  • Cloud-based and mobile-based
  • Self-service portal
  • Employee management
  • Internal HR
  • Resume parsing and search
  • Set and track goals

Reasons to Buy:

  • 24/7 customer service
  • Post job boards in the program
  • Build a career page
  • Send calendar invites
  • Communication integrations make follow-ups easier

Reasons to Avoid:

  • Lacking feature to send direct invite links
  • Not the best option for recruiting

4. Bullseye Engagement – Best Most Affordable Cheap Talent Management Software

Pricing: Starts at $4 per month

Bullseye Engagement is the most affordable, paid talent management software on this list, and the price can decrease with the larger your company grows. This software can be used on desktop or mobile devices, including features for employees and training management.

Key Features:

  • Web-based and mobile-based
  • Customizable templates
  • Benchmarking
  • Career development
  • Employee management, profiles, reward programs
  • Goal setting and tracking
  • Goal management
  • Succession management
  • Training management

Reasons to Buy:

  • 24/7 live support
  • Pricing decreases for larger scale customers
  • Extensive management and tracking features
  • Highly organized
  • Implementations are easy to set up

Reasons to Avoid:

  • No free trial or version available
  • Functionality lacks in some features
  • Some users might struggle in learning how to use the software

5. SAP SuccessFactors – Best Enterprise Talent Management Software

Pricing: Free version and trial available; starts at $84.53 per year.

SAP SuccessFactors is the best option for companies who exceed 500 employees. Along with the standard talent management features, including tools for employees and attendance tracking, this software also provides payroll functionality. You can also gauge performance with the software’s metric system.

Key Features:

  • Web-based
  • Payroll functions
  • Employee profiles, scheduling and database
  • Multiple types of management functions
  • Performance metrics and management
  • Time and attendance tracking

Reasons to Buy:

  • On-premise and mobile deployment available
  • Easy to use
  • Offers features that cover many aspects of talent management
  • Customizable

Reasons to Avoid:

  • Outdated interface
  • Longer-than-normal loading times
  • Occasional system crashing

6. Grayscale – Best Cheap Talent Management Software for Automation

Pricing: Request a demo

Grayscale is compatible with both Android and Apple mobile devices, making for a convenient way to manage talent even when you’re not in the office. This software provides powerful tools and features, including internal HR, MMs, CRM, and more, all while being a web-based software.

Key Features:

  • Web-based
  • Internal HR
  • MMS
  • CRM
  • Reporting
  • Analytics
  • Self Service portal

Reasons to Buy:

  • Compatible with both Android and Apple mobile devices
  • Create templates
  • Chrome extension available
  • Less manual data entry needed

Reasons to Avoid:

  • No free trial or version available
  • Lacking photo/video sharing
  • Separate number given for messaging feature

7. Lattice – Best Talent Management Software for Performance Management

Pricing: Starts at $9 per month, per user; free trial available

Lattice is best used for its performance analysis and tracking features. This software option is also affordable, but is pay -per-user based. With Lattice, you can set and track goals, send feedback and provide assessments, but can also set up 1 on 1’s with employees.

Key Features:

  • Web-based
  • Dashboard
  • Customizable templates
  • Feedback and Performance management
  • Self Service portal and assessments
  • Goal tracking and management

Reasons to Buy:

  • Helpful when working with remote employees
  • All-in-one software
  • One on one’s feature

Reasons to Avoid:

  • No free version
  • Lacking flexibility
  • Lacking in intuitive design

8. Freshteam – Best Cheap Talent Management Software for Startups

Pricing: Free trial and version available; starts at $75 per month

Freshteam is a great option for smaller companies, even though the price point is higher than other options on this list. Freshteam offers resume tools, functions to use electronic documents, interviewing and recruitment tools, and management tools in one place. The software is free for up to 50 employees.

Key Features:

  • Cloud-based
  • Multiple forms of management
  • Employee profiles, photos, handbook and more
  • Resume tools
  • Electronic forms and e-signature
  • Interview tools
  • Recruiting tools

Reasons to Buy:

  • Intuitive software
  • Easy to use
  • Available for all mobile devices
  • 24/7 support available
  • Free, up to 50 active staff members
  • Extensive array of features

Reasons to Avoid:

  • Importing data takes longer than necessary
  • Customer service isn’t highly rated

9. TalentGuard – Best End to End Cheap Talent Management Software

Pricing: Contact company for a quote

TalentGuard may not provide transparent pricing, but the software is loaded with competencies and applicable job roles for users. TalentGuard is a fully end-to-end software that provides 360-degree feedback and performance management functions, as well as a customized onboarding process.

Key Features:

  • Performance management
  • Career pathing
  • Development planning
  • Library of competencies
  • Library of job roles
  • 360-degree feedback

Reasons to Buy:

  • End to end software
  • Customized onboarding process
  • Over 2,500 competencies
  • 3,000 job roles

Reasons to Avoid:

  • No built-in recruitment management function
  • Limited recruitment solution integrations
  • Not designed for small companies

References

  • https://www.techjockey.com/category/talent-management-software
  • https://peoplemanagingpeople.com/tools/talent-management-system/
  • https://www.capterra.com/talent-management-software/
  • https://www.capterra.com/p/151676/Lattice/
  • https://www.capterra.com/p/200491/Grayscale/
  • https://www.capterra.com/p/166825/Freshteam/
  • https://www.capterra.com/p/144575/SuccessFactors-Perform-and-Reward/
  • https://www.capterra.com/p/140650/Recruitee/
  • https://www.capterra.com/p/175834/eddyhr/
  • https://www.capterra.com/p/166648/WorkforceNow/
  • https://www.capterra.com/p/110440/BullseyeEngagement/
  • https://www.betterbuys.com/talent-management/reviews/talentguard/