So with the technology taking over, is it possible for HRs to avoid the digitalization of the recruitment and employee management process? Absolutely not! From getting a new employee on board to keeping their progress and growth in review to managing their compensations and benefits, there is so much the HR department has to do and there is no simpler way than a Talent management system. 

But how do we select the best talent management software? Since HR managers and recruiters have a limited technical background, going towards the technical performance would be a secondary option to look at. That makes ease of use, cost-effectiveness, and features, the parameters to decide the ranking while comparing different options. So, let’s dig into finding the best talent management software to make your employment management journey more convenient.

Top 7 Best Talent management Software Sools

Following is the overview of software apps that made it to our list of best software:

  1. Greenhouse: One of the top-rate and globally renowned software for talent management. Suitable for companies of every size.
  2. Pinpoint: Good for recruitment marketing and suits small to medium size companies.
  3. Talos ATS: Good for in-house hiring management
  4. Lanteria: Good for tracking progress and skill development in employees
  5. RecruitLab: Best Candidate and recruiter experience
  6. Oracle Cloud HCM- AI based smart technology-suits medium to large companies
  7. Fresh team: suitable for every industry

1. Greenhouse- All-rounder, suitable for everyone.

Pricing: Customizable plans

This software is one of the top-rated software for talent management, available in the market. The best quality that differentiates it from all other options is it ditches the cliché ‘one size fits all’ algorithm and allows the creation of a customized and perfect hiring & management plan for different roles. This makes it suitable for a company of every size, regardless of how small or big, your team is, Greenhouse could be your go-to software to manage everything hustle free.

The customer base for Greenhouse is very strong as many marketing leading companies are using this software to manage their employer’s database which makes it a more reliable and trustworthy option, offering complete value for money.

Key features:

  • Candidate tracking
  • Multi-channel sourcing
  • Candidate scorecards
  • Surveys and feedback from candidates
  • Collaborations within teams
  • Automated task management
  • Automated report building feature
  • Structured decision making feature

Reasons to buy:

  • Custom plans as per your requirements
  • Easy and simple to use
  • Tried and tested by many
  • Value for money

Reasons to avoid:

  • Cannot provide instant feedback
  • Doesn’t allow navigating multiple candidates at once

2. PinPoint: Best for recruitment marketing

Pricing: from $600/month

This software stands out for its marketing features. From posting ads to managing applications, interviewing, and onboarding, this software does everything with lesser time and effort consumption. This software helps in filtering candidates and finding the perfect fit for the roles, saving human effort to investigate every detail. It is best suited for small to medium size companies and is a reliable option for marketing, hiring, and management process.

Key features:

  • Career portal
  • Scheduling
  • GDPR tools
  • Candidate management
  • Reporting generation
  • Employee retains management

Reasons to buy:

  • Fasten the recruitment process
  • Filters the suitable candidates
  • Helping hand with recruitment marketing

Reasons to avoid:

  • Limited to some countries only
  • Suitable for small to medium size companies.

3. Lanteria: Good for tracking and skill development in employees

Price: Custom plans

This software is suitable to manage a larger number of people. It is not only good for the recruitment process, application tracking, etc., but it also allows for to management of the employees in long term. Companies can conduct training through a learning catalog, uploaded on the forum where people can access, learn and take quizzes to prove their credibility and increase their knowledge throughout their careers.

This software allows to track the learning progress and development within the teams. It has multiple features that distinguish this software from its competitors in terms of long-term management practices and keeping an eye on employees’ skill development as per the changing market trends.

Key features

  • Learning portal
  • feedback management
  • attendance and contract management
  • application tracking
  • Milestone tracking
  • appraisal management
  • anonymous feedback

Reasons to buy:

  • Helps manage thousands of employees seamlessly
  • Allows anonymous feedback

Reasons to avoid:

  • Don’t offer trials

4. Talos ATS: best for in-house hiring management

Pricing: Customized prices

Talos ATS is one of the leading talent management tools. It has a very simple and easy to use UI and plenty of amazing features making it the best choice for a quick and efficient hiring process. The vendors are continuously improving and enhancing the features and with every update, there is a lot more convenience cost, and time effective features. A few of its many features include video interviewing, one click job application, onboarding and so much more.

Features:

  • Video interviewing
  • Candidate profile management
  • Scorecards
  • Onboarding
  • Penal interviews
  • Report generation

Reasons to buy:

  • Offers free demo
  • Easy and simple
  • Job ad marketing

Reasons to avoid:

  • Doesn’t allow to edit job posts after posting
  • Unnecessary features

5. Oracle Cloud: AI based smart recruitment

Pricing: from $8/month

Oracle Cloud HCM is a cloud-based complete employee management tool from the step of recruitment till retirement. This tool does it all; talent management, HR management, Payroll, etc. From posting ads and marketing to attract employees to managing their monthly pay slips, and their benefits till they retire, you will get everything in one place. With this many features and ease, it is a little expensive and suitable for medium to large sized companies.

Features:

  • Resume scanning
  • Budget management
  • Payroll
  • Communication within teams
  • Employees’ assigning and relocating

Reasons to buy:

  • Cloud-based smart technology
  • Handles a large number of employees
  • Integration of employees’ complete lifecycle

Reasons to avoid:

  • Complicated
  • Delayed customer service

6. RecruitLab: Good for smooth HR and candidate experience

Pricing: from $200/annum

RecruitLab smoothen the hiring and interviewing process from both; the employee and recruiter’s end. It is the best application to keep the client and the candidate engaged throughout the recruitment and onboarding process. It also allows the companies to integrate with multiple third-party software tools in order to make their process simpler.

Features:

  • Video interviewing
  • Applicant tracking
  • Recruitment stats & reports
  • Social media recruitment
  • Customizable Application forms.

Reasons to buy:

  • Active and supportive customer-care team
  • Allows you to tag and comment
  • Project’s resources’ management
  • Drag and drop UI
  • Free trial

Reasons to avoid:

  • Limited features

7. Freshteam: Suitable for every business size and industry

Pricing: from $75/month

This software is suitable for companies of every size; either it’s a startup or a large enterprise with thousands of employees. It allows collaborations within teams and supports multiple languages including English, German, Dutch, etc.

Features:

  • Calendar
  • Candidate tracking and management
  • Interviewing and onboarding
  • Leave policy management
  • Notifications and alerts
  • Applicant management
  • Importing and exporting data

Reasons to buy:

  • Justifies the value of money
  • Active customer support
  • Different languages

Reasons to avoid:

  • Doesn’t have a video interviewing feature

Conclusion:

Talent management software is used to ease and fasten HR’s job. These tools automate recruitment, onboarding, management, and payroll processes and make them efficient, cost effective, and less time consuming. We’ve chosen the top rated talent management software to suit your needs and highlighted their prominent feature for you to make a better and informed decision while choosing one for your company.