Attract top talent quickly, support early engagement, enable faster productivity, and offer fair pay and learning opportunities to build a workforce that stays, performs, and delivers results.
Streamline Finding and Attracting Top Talent
Automate the recruiting cycle, broaden your reach, and enhance the candidate experience. Increase applicant volume by empowering candidates to text a number or scan a QR code to get information and apply. Shorten time-to-hire by screening them with one-way video interviews, empowering them to schedule their own live interviews, and getting quick responses with text messages.
Drive Engagement and Productivity Before Day One
Eliminate hours of paperwork while meeting the needs of the modern workforce. Automate tasks and simplify compliance using built-in tools to securely collect and track I-9s, tax forms, expiring documents, and background checks. Empower new hires to complete pre-boarding tasks from anywhere with Paylocity Mobile App. Accelerate ramp-up with video welcomes, auto-assigned training, and team introductions via social profiles and community groups
Keep Track of Goals and Progression
Give employees the tools they need for career development. Make performance conversations an ongoing activity by using Journals throughout the year. Quickly and easily collect feedback from peers, managers, and direct reports for true 360 reviews. Leverage 9-box talent assessment templates to help identify the employees ready for the next step in their career.
Ensure Fair and Competitive Pay, While Staying in Budget
Create, define, and manage your compensation strategy. Use Market Pay data to make more informed and data-driven decisions that align with your organization’s guidelines when awarding annual increases or one-time bonus payments. Easily create and distribute individual employee statements that outline your investment in them, from vacation time to benefits, to optimize talent acquisition and retention.
Grow and Develop Your Employees
Simplify training and create an interactive learning environment for in-office, remote, and deskless employees. Assign training from an ever-growing course library, upload your own materials, or even empower employee subject matter experts to create training and share it via Community, our online social collaboration hub. Robust tracking—even for in-person learning—helps ensure compliance and employee development.
A talent management system (TMS) is a software or cloud-based system that helps HR teams identify prospective candidates, manage onboarding, and train and develop employees throughout their career paths.
Ask any HR professional what resource matters most to them, and the answer remains the same: their people. That’s why having a quality talent management software is so important to HR departments.
The importance of attracting and retaining talent, coupled with increasing employee expectations, puts more pressure on what is needed from a talent management system. Paylocity’s talent management solution adapts with the constantly evolving nature of the workforce, keeping you at the forefront of what’s next.
The key components of a talent management system relate to the employee lifecycle: recruiting, onboarding, and performance management.
More sophisticated talent management software also includes compensation management or a Learning Management System (LMS) to help with training and developing employees.
Trying to manage current and future employees can be taxing. From extending job offers and executing orientations to work evaluations and trainings, HR teams can be consumed by manual tasks.
One of the many benefits talent management tools bring to the table is the ease of automation. Quickly pulling workforce analytics, assigning tasks in an LMS, or posting jobs can now be done in minutes. HR teams can save time – and money – by spending more hours focusing on employees and strategic initiatives.
Another benefit to talent management software is the ability to analyze – and develop – your talent in a much more meaningful way. This rich analysis can help you identify pay gaps, administer promotions fairly, and make smart, data-driven decisions to attract and retain the best talent in the industry. Learn more about how to leverage HR metrics in our resource library.
