Announcing the Top Rated Talent Management Software for 2018

Megan Headley
Megan Headley
May 8, 2018
Awards, HR

Announcing the Top Rated Talent Management Software for 2018

Today, we awarded the 2018 TrustRadius Top Rated badges for Talent Management Software. The TrustRadius Top Rated awards are unique in that they are an unbiased reflection of customer sentiment, based solely on user satisfaction scores.

Here are the winners in each segment, listed in order of research frequency on TrustRadius. We have also provided insights on how to pick the right talent management software based on your needs and current industry trends.

Overall Top Rated

Top Rated by Enterprises

Top Rated by Mid-Sized Companies

What is talent management software?

Talent management suites are designed to effectively track and coordinate all the HR activities that take place during the lifecycle of an employee, ranging from recruiting and onboarding to training, performance reviews, PTO, compensation adjustments, etc. Talent Management suites contain a combination of tools for performance management, recruiting, corporate learning, incentive/compensation planning, workforce analytics, and/or employee engagement.

Main benefits of using talent management software

Talent management software streamlines HR operations by providing integrated functionality to support your business in hiring and developing talent. Talent management solutions can also be integrated with Core HR software or HCM suites that provide a suite of functions for payroll, benefits, time and attendance, and HR records, in addition to talent management.

Talent management software is most beneficial for companies that need to manage a large scale employee base competitively and efficiently, and be able to report on it. HCM data is being used more and more frequently as a datapoint in decision making because you can use to measure your own human resources metrics and also see how they compare with industry benchmarks.

Trends in talent management

Employee engagement programs and wellness benefits are trending in today’s economy, and while some talent management suites include these capabilities, many point solutions are also popping up. Another important trend affecting talent management tools is low unemployment rates. Employers have to create an attractive culture/environment, offer competitive benefits packages, and a provide a positive experience for candidates and employees.

Additionally, many research studies show that millennials, who now make up the largest generation in the workforce in the US, value on-the-job learning and development more than other generations. Talent management solutions fulfill this need and support the millennial workforce by facilitating a more self-directed training and ongoing learning experience for employees.

Choosing the right talent management suite

Talent management solutions offer sophisticated HR tools that can benefit companies at any size and stage of development, but due to costs, this type of solution is typically best suited to medium to large companies.

To choose the best talent management system, it’s important to know your existing HR needs from an administrative standpoint and have a strong sense of how you plan to scale your business and staff. For example, if you are a medium sized company with straightforward operations and are planning a big hiring spurt over the next two years, you’ll benefit from a talent management solution that offers robust talent acquisition, onboarding, and training features and tools. However, if your company is large, you likely have more complex payroll, benefits, reporting, succession planning, and HR operational needs.

You may also want to pay attention to the types of talent you’ll be managing within the system–hourly, salaried, remote, mobile, contract, freelance, etc.–when determining which product is best suited for the composition and culture of your workforce.

Using reviews can help you find the best option for your business by showing you feedback from organizations like yours, who share similar needs. Reviews can also help you learn what to expect (and what to watch out for) during implementation.

Top Rated Criteria

Products included in the 2018 Top Rated Talent Management Software list must have been in the top tier of their category TrustMap on April 27, 2018, to earn a Top Rated badge. To qualify for the Talent Management Software TrustMap, products must have 10 reviews and ratings on TrustRadius. Every reviewer is verified and every review is vetted before publication. Products are plotted on the map based on end-user data, including users’ likelihood to recommend scores as well as buyer research patterns. To learn more about TrustMaps and Top Rated methodology, check out this page.

About the Author

Megan Headley
Megan Headley
Megan leads Research at TrustRadius, whose mission is to ensure TrustRadius delivers high quality, useful and, above all, trustworthy user feedback to help prospective software buyers make more informed decisions. Before joining TrustRadius, Megan was Director of Sales and Marketing at Stratfor, where she was in charge of growing the company’s B2C revenue stream through email marketing and other channels. She enjoys traveling, reading, and hiking.

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