01 Aug Talent Management System Comparison Shopping? 3 Things to Know Beforehand…
The common constraint among nearly all organizations today is staying within budgetary requirements while maximizing results, so it’s no different when it comes to finding the best talent management software. Most professionals complete as thorough as talent management system comparison as possible to ensure they’re getting the best available value that will deliver powerful business outcomes to their company.
If you’re in the market for new HR software solutions, here are a few things to know before you start comparison shopping:
• Talent Management Software Has Evolved
A recent Forbes article notes that in the early 2000s, HR management solutions primarily consisted of tools. Now, however, HR software is more focused on integrated talent management. Today’s solutions are cloud-based and streamlined for comprehensive talent management support and ease of use across the organization.
• There's a Broad Range of Solutions
Today, the realm of talent management software encompasses many different functions. According to Trust Radius, these solutions could feature components ranging from performance management to compensation planning, goal alignment, recruitment, and performance management. In order to do a thorough and accurate talent management system comparison, you’ll first need to identify which specific functions you’re looking for.
• You Can Narrow Down Using Decision Makers
The Society for Human Resource Management (SHRM) recommends choosing three to five core decision drivers in two primary categories to narrow down your choice of HR software companies. Analyze both the software vendor viability as well as the technology itself. In terms of vendor viability, look for things like ease of integration, ROI, and functionality. For technology, you may want to base your decision on factors such as global capabilities, service and support, and configurability.
The process of talent management software comparison shopping becomes much less daunting when you first identify the needs of your organization. From there, you can narrow down vendors based on the decision drivers you value most until you’ve established the clear winner.
HRsoft is a leading provider of strategic talent management software that improves manager effectiveness and business results. Our full suite of cloud-based HR software solutions includes applicant tracking software, compensation planning software, total rewards software, stay interview software, performance management software, and content management software. To learn more about our Talent Management Software, click the button below!