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The best talent management systems in the world provide HR departments and recruiting agencies with features that help improve the hiring, onboarding, and managing of employees. Here are some of the features that add a lot of value to a company.

Recruitment tracking On average, about 15% of human resource spending goes to hiring new staff. A lot of these funds go into screening applicants. With talent management software, teams are able to streamline the recruitment process. A recruitment tracking dashboard gives a recruiting officer a more organized view of applicants and their application information. These systems also carry automations that could minimize the time and resources spent looking for new talent.

Employee management Adding team members to the team is just the start. Human resource managers then need to onboard and manage them for the duration of their stay in the company. This process involves evaluating performance, helping foster cultural fit, facilitating compensation, managing expectations and conflicts as needed, and so much more.

With employee management features, HR departments are able to access functions that improve employee management. Some of those functions for better employee management include:

Compensation and benefits management Payroll management (when paired with an accounts payable software like AvidXchange, companies can then pay their staff remotely) HR related compliance Learning management, and so on.

Career development tracks

Not all companies believe in investing in their employees, but those that do reap significant rewards. If you’re looking to develop your staff, you’ll need some way to track their performance. Career development features in talent management software will include functions like: 

Employee evaluation dashboards

Employee engagement, satisfaction and wellbeing tracking

Time tracking

Paid leave and time off tracking, and many more.

How Talent Management Software Simplifies Onboarding

One area that companies often overlook is onboarding of new employees. A surprising 22% of companies still don’t have an onboarding program in place, despite the great benefits that an onboarding process can provide a company.