Top 10 Cloud-Based Talent Management Systems For HR In 2023

In the current era of globalization, one must assess each problem or obstacle from a global yet practical perspective. One such problem for any organization or human resource (HR) manager is effectively managing all the available talent pool under one umbrella.

Having a great pool of talent drives growth and helps in the overall holistic development of the organization and its components. However, managing this is not as easy as it may sound. HR professionals invest a lot of time in - looking for talent, analyzing their skills, and their work status, i.e., working, hired, in progress, or rejected, among others.

Thus, they need organized and optimum solutions to ease things up. One such solution can be the use of cloud-based talent management solutions. Cloud-based recruitment software helps in keeping things smooth and organized for recruiters. The effectiveness of the talent management systems is evident from the tremendous growth of the vertical in the industry. As per AIHR, the talent management software market is expected to grow at a rate CAGR ~ 16% to breach the $16 billion mark in 2023.

Hence, this is the right place to be if you are a hiring manager looking for a similar solution. This article will discuss every possible dimension of cloud-based talent management solutions in detail.

What is a talent management solution?

Talent management solution is a unique way to perform hiring and talent management-related activities from a centralized dashboard. For instance, the crucial activities that can be effectively handled by talent management software are -

• Shortlisting the candidates
• Marking their profiling progress
• Assessing their talent and skills
• Keep an eye on the status of their relationship with the organization, such as - working, rejected, hired, etc.

A simple talent management solution can do all of these. However, in the ever-evolving marketplace, we need more optimum global solutions. For example -

• What if we want to manage a large pool of global talent?
• What if the recruiting team members are based in different time zones but working in the same team?
• What if a company has a remote setup that follows the current trend of - ‘remote first world’?

Therefore, to reduce this ambiguity, you can simply move to or start using cloud-based talent management solutions for your organization. This type of global solution can help different teams from different time zones collaborate better, ultimately enabling you to swiftly handle the global talent pool.

Let’s try to understand in detail - what additional benefits these cloud-based talent management solutions can bring to any organizational setup.

How do talent management solutions help the organization?

There can be tons of ways a cloud-based talent management solution can help recruiters and organizations. Let’s explore a few of them -

Holistic coverage of talent

The unique solution allows recruiting managers to keep track of top talent from across the globe. The recruiters have a whole world of possibilities like -

• Sending appreciation letters based on analyzing the performance of the candidates.
• Engaging with global talent via social media and related activities.
• Analyzing patterns to filter the best talent around them.
• Marking the hiring process effectively.
• Keeping track of the interview process of every candidate.

Thus, making the work of recruiters very organized and effective.

Keeping an eye on the skills set

The cloud-based talent management solutions give recruiting managers a unique and quintessential advantage - assessing and looking into the skills set. Using this, they can compare the skills of different candidates and experience with particular technologies, among other relevant details.

So, at the time of requirement, they can easily get in touch with the candidates on top priority for possible hiring. This helps organizations and hiring managers not only in getting the best talent without much hassle but also in reducing hiring costs as well as time. Therefore, it’s a win-win situation for different stakeholders involved in the process.

Helps in branding or goodwill

Since the recruiters have easy access to data about the candidate’s skill set, education, and work experience, it makes hiring the right candidate, based on this data, seamless. Once recruiters start following and streamlining the hiring process, it will become a norm for the entire organization.

Over a period of time, they might start receiving appreciation across different quarters. This earns them good reputation over several notable global platforms or portals like - LinkedIn, Glassdoor, etc. The appreciation mainly relates to high productivity owing to the swift hiring process, better connectivity with candidates, and fast execution.

This helps them earn goodwill for their organization which eventually assists the brand in becoming a trusted name in the industry.

Motivates the talent

The swift hiring process and the brand image encourages the best talent to choose your organization over others. When your hiring and talent management process is streamlined as well as efficient, it translates into better experience for all stakeholders including employees.

Thus, once you start getting the best talent from the front, you can engage with them to know more about their overall skills (technical and soft) and assess their mindset and competency better.

Beneficial for the organization

The cloud-based global talent management solutions can help any organization if used most effectively. These solutions boost productivity and provide the best and most optimized solutions to stay ahead of the curve.

But two key benefits that are crystal clear are -

• Recruiting managers get advanced insights and easy access to the best talent.
• Attracting the best global talent due to the enhancement of brand value and goodwill.

So, it’s a win-win situation for the organization from every perspective.

Top 5 cloud-based talent management solutions

The list can be different based on what metric you may want to choose. Here, based on different parameters such as ease of management, usage, and productivity, these are the top 5 cloud-based talent management solutions -

Turing’s Intelligent Talent Cloud

Intelligent talent cloud is a cloud-based solution from Turing.com. It helps companies inefficient hiring by matching them with the world’s best software developers. It is a unique software with access to a planetary pool of 2 million+ software developers of Silicon Valley caliber, enabling companies to garner the benefits of remote engineering talent. Some of the top features you get with Turing are:

• Access to a planetary pool of 2M+ developers
• Rigorously vetted developers of Silicon valley standard
• Quick turnaround time of 3-5 days
• 14 day risk-free trial period
• Quality control and payments compliance

Perform Yard

Perform Yard is a performance management system for setting goals and monitoring performance. It is best for keeping a parallel sync of talent management and performance management. It provides an analysis report and customizable performance review cycles, among other benefits. Some of its major features include:

• Flexible and automated management of performance
• Streamlining employees in the process
• Dynamic goal management
• Easy reviews and check-ins
• Continuous feedback

ADP

It is tagged as one of the best cloud-based talent management solutions, specifically in the HR-suite category. It provides all the HR-related tasks in a single place, including payroll, verification, forms, etc. Some of the prominent features you get with ADP are as follows:

• Efficient and quick payroll solutions
• Tracking the working hours and management of time-off requests
• Business insurance and flexible administration for employees
• Outsourcing of HR services

HireEZ

HireEZ is one of the most effective talent management systems that makes outbound recruitment easy. It can be categorized as the best solution under global talent management and inclusivity. HireEZ helps to recruit managers in - AI-based talent sourcing from various platforms and bidirectional CRM integrations, among others. This platform streamlines the hiring process and helps overcome the deficiencies of traditional recruitment systems. Some of its top features are:

• Higher quality talent
• Faster engagement
• Streamlined synchronization
• 5x better and more qualified leads
• Data-driven recruitment with significant benchmark insights

People Streme

People streme provides a wide range of talent management solutions to help HR professionals too get the best out of the software. Some of its top products and services include recruitment and onboarding, talent management, performance management, payroll solutions, and HR analytics among others. Some of its prominent features are:

• A complete suite of HR services
• Data driven analytics and insights on performance
• Custom talent management service
• Streamlined recruitment and onboarding processes
• Learning & development program for employees

Cegid

Cegid is one of the most and industry leading talent management system on the cloud. It is one of the best in the collaborative hiring process management category. Cegid helps in creating dedicated onboarding processes for different kinds of teams and roles, employee data handling and management, etc. Some of the top features that you can expect from Cegid are as follows:

• Streamlining and simplification of HR processes
• Transforming organizations through data insights
• Acceleration of HCM productivity leading to improved performance
• One stop solution for all HR activities

Insperity

Insperity is a complete HR management solution for businesses of different sizes and types. This platform helps to streamline the talent management process through high utility features. From handling employee performance to payroll management, Insperity provides highly efficient solutions to different requirements. The top features provided by Insperity are:

• Efficient recruitment and talent management
• Easy HR administration
• Effective payroll management
• High quality support related to HR compliance
• A central dashboard for all HR activities

Talent Soft

Talent Soft is one of the best talent management solutions that cater to the diverse requirements of HR managers. This system provides different modules for handling various aspects such as recruitment, performance, compensation, planning, and workforce training. This system provides features to manage global employees, and it can be scaled up or down based on evolving requirements. Its best features are:

• Efficient talent management on the cloud
• Performance tracking through advanced data
• Compensation management
• Recruitment and workforce training

Ulti Pro

Ulti Pro is one of the most complete talent management systems that offers numerous features to companies. It comes packed with unique predictive analytical tools that enable managers to identify the best performers in the organization. The managers can use the system to draft effective strategies for professional growth and employee retention. Some of its top features include:

• System administration and career development
• Comprehensive performance management
• Advanced analytics through sophisticated tools
• Career development
• Compensation management

Oracle HCM Cloud

This is an efficient talent management solution with an $8/month subscription plan for a minimum of 1000 employees. This system provides a wide range of functionalities, including performance management, career development, global payroll, core HR services, and goal management among others. The best features that you can expect from Oracle HCM Cloud are:

• Top-quality talent management modules
• Effective project management
• Efficient sourcing, recruitment, and onboarding of employees
• Workforce predictions based on data insights
• Proficient workforce modeling

Closing notes

So, as you can notice, cloud-based talent management solutions can help any organization build a better work culture for their prospective candidates. This investment can be very fruitful in achieving growth and productivity. There can be an alternate solution as well but cloud-based talent management solutions have proven to deliver highly efficient results and have helped drive growth for organizations around the world.