Talent management software enables the automation of all talent management processes. These solutions provide businesses, HR personnel, and managers with a wide range of solutions to manage all employee lifecycles from recruitment through offboarding. Talent management systems are often divided into four main subcategories: recruiting, training and development, performance management, and compensation management.
Talent management software helps small business owners, HR personnel, and managers automate and streamline all processes associated with the talent pool. These solutions can help reduce the time HR personnel must spend on the administrative side of recruitment, improve the candidate experience and talent pipeline, expand employee engagement and onboarding, and streamline the process of offboarding.
Talent management software systems provide businesses, HR departments, and various personnel with a process-oriented approach to recruiting, training, performance management, employee engagement, offboarding, and more.
Talent management software is divided into many software categories that cover solutions ranging from recruiting through offboarding. The following is an overview of the talent management categories and subcategories.
Career management software — Organizations use this type of talent management solution to support their employees’ career development and for strategic succession planning and management.
Compensation management software — Businesses, HR personnel, and managers use this type of talent management solution to manage salaries, plan employee bonuses, and recommend pay increases.
Employee engagement software — This talent management solution helps organizations keep a pulse on their organization and employees with pulse surveys that collect employee feedback, gauge employee sentiment, and promote employee achievements.
Employee recognition software — Businesses, HR personnel, and managers use this talent management solution to monitor employee progress and incentivize employees with rewards.
Exit interview software — This category of talent management software streamlines the exit interviewing process and provides users with actionable insights.
Offboarding software — Businesses, HR personnel, and managers use offboarding software to coordinate the offboarding process and track all forms and paperwork necessary to process employee exits and terminations.
Performance management software — Organizations employ this talent management solution to establish employee performance standards and evaluate employees via 360-degree feedback.
Recruiting software — These talent management solutions help businesses facilitate recruitment, hiring, and onboarding of new talent. Recruiting solutions are further divided into the following subcategories: employee referral software, job boards software, job description management software, preemployment screening software, recruiting automation software, talent acquisition suites software, and video interviewing software.
Relocation management software — These talent management solutions provide HR personnel with relocation solutions that help track, administer, 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. Training and eLearning software is further divided into the following subcategories: corporate learning management system (LMS) software, course authoring software, eLearning content software, learning experience platform (LEP) software, mentoring software, microlearning platforms, and training management system software.
Core HR software store employee information and documents and often integrate with various talent management solutions to streamline HR processes.
HR services providers offer businesses a variety of HR solutions including benefits administration services, health and safety providers, HR consulting providers, training and development companies, and payroll service providers. Small businesses with small or nonexistent HR departments typically outsource some of these solutions to HR service providers.
Benefits administration services providers equip businesses with outsourced HR solutions focused on employee benefits including health insurance, vacation, pensions, retirement, sick leave, and more.
Training and development companies help companies implement training and development courses onsite or online.
Recruitment agencies help organizations find qualified passive or active candidates to increase their talent pipeline and fill open positions.
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