Last Reviewed: November 25th, 2024

Best Employee Retention Software Of 2024

What is Employee Retention Software?

Employee Retention Software (ERS) is a technology tool that aids businesses in reducing avoidable employee turnover. At its core, it identifies patterns, highlights risk areas and provides strategies to improve the employee experience. By targeting undesirable employee attrition, ERS offers significant cost savings through reduced hiring and training expenses. Key features include exit interview tracking, turnover forecasting, and engagement measurement. Emerging features, such as integration with AI, can further enhance its predictive capabilities. Businesses of all sizes and industries, especially those with high turnover rates like retail and hospitality, can greatly benefit from ERS. Potential shortcomings could be the risk of over-reliance on the software without considering external factors affecting retention. Overall, ERS helps organizations devise effective strategies to foster a positive, fulfilling work environment, ultimately retaining their prized talent. Its value lies in its blend of data-driven insights and actionable recommendations.

What Are The Key Benefits of Employee Retention Software?

  • Reduces employee turnover
  • Improves organizational culture
  • Enhances employee engagement
  • Offers data-driven insights
  • Helps reduce recruitment costs
  • Saves on training expenses
  • Increases productivity
  • Identifies at-risk employees
  • Simplifies exit interviews tracking
  • Optimizes talent management
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Overall

Based on the latest available data collected by SelectHub for 118 solutions, we determined the following solutions are the best Employee Retention Software overall:

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Why We Picked talentReef

Talentreef provides user-friendly recruiting and talent management capabilities aimed at organizations in the service industry that have an hourly workforce. One con unanimously indicated by users is that it lags and crashes while performing multiple actions, including on the app. However, the app generally enables great mobility, as users can access all features and tools whenever needed. In addition, customer support is quick and effective according to the majority of users. In summary, the system is a good option for companies needing to recruit and manage a wide pool of talent.

Pros & Cons

  • Customer Support: More than 70% of reviews on support indicate that prompt and effective customer support is provided whenever required.
  • Easy to Use: All features and tools are intuitive, self-explanatory and easy to use, as reflected by 100% of reviews on ease of usage.
  • Mobility: The ability for employers and employees to access the platform at all times using its functional mobile app, is a strength according to all reviews on this aspect.
  • Lags: All users mentioning this feature indicate that the software, especially the mobile app, lags and crashes sometimes while performing multiple functions at once.

Key Features

  • Text-to-Apply: Supervise mobile-driven candidates, make applying easier and staying up to date on the latest recruiting trends. 
  • KPI-Driven Reporting Engine: Provides best-practice reports such as time-to-fill, recruitment source analysis, hiring and scoring decisions correlation, and applicant flow differentiation. Choose from included options or build a customized report to suit data visibility and analysis requirements. 
  • Integrated Employee Assessments: Save time and effort utilized in manual candidate screening and assessment by scoring them based on attitude and behavioral traits, along with industry, company culture and position. 
  • Configurable Hiring Workflows: Drive improved efficiency with the assistance of configurable workflows that meet organizational needs and effectively support hiring procedures. 
  • Real-Time Employee Engagement: Track employee performance and lifecycles by identifying maximum potential and conducting performance evaluations. Grants improved visibility that helps effectively manage employee promotion, compensation, approvals, transfers and terminations. 
  • Program Health Insights: Improves visibility into talent management. Hiring managers can gain insights into comprehensive program health, segregated based on employee position, place, market or nation. 
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Why We Picked Workday Talent Management

Workday is a talent management, HCM and workday management app. Reviewers loved the friendly customer service and felt the PTO feature worked well when it came to leave management. Reviewers also felt they got good value for their money in the majority of reviews that talked about price. Integrations were praised as being functional. That included the API, compliance service and third-party apps in general. Last, users especially like the recruiting tools that helped with acclimating new hires, candidate selection and gave insight into the organizational structure.
Reviewers had the biggest issues with its ease of use. While there was a significant minority who felt that it worked just fine, others struggled with the design and navigation. Several said it was, “clunky.” In particular, users had issues with the way it handled permissions and access. They described it as a difficult process to see all the information they needed. The other big issue was the learning curve. Many described it as over-complicated and said it updated too frequently. They felt it was difficult to learn.
Workday is a good option for medium to large enterprises. It may be too complicated and expensive for small business owners. It’s especially helpful in recruiting and employee data management for companies that need greater functionality.

Pros & Cons

  • Customer Service: Over 90% of users who mentioned the support said the customer service was friendly, efficient and exceedingly helpful.
  • Good Functionality: Users were happy with the features in over 90% of reviews that mentioned them.
  • PTO/Leave Management: More than 90% of all users who discussed the leave management aspect were pleased with the feature.
  • Price: Reviewers felt that it was appropriately priced in over 80% of the reviews that mentioned it.
  • Integration: Over 80% of users who discussed integration felt it had excellent interoperability.
  • Recruiting: Users who discussed the recruiting features were satisfied in over 70% of reviews that covered it.
  • Difficult Learning Curve: Just under 90% of all users who mentioned the implementation process said that it took too long to learn and they wanted more training.
  • Not Intuitive: More than 50% of users who discussed the useability said it was hard to navigate and has confusing design elements.

Key Features

  • Talent Management and Skill Development: Grants a greater understanding of skill gaps and development to aid in recruiting and staffing. Helps elucidate and aid in talent management with calibration, candidate profiles, continuous feedback, embedded reporting, goal management, professional developments, reviews, surveys, and more. In addition to examining external candidates, it provides a breakdown in competencies to understand how to best utilize current staff.
  • Recruiting and Talent Acquisition: Manages the employee life cycle from start to finish. It has tools for job creation, recruiting and onboarding to guide employees through the entire process. The platform provides communication for the hiring team, high-volume efficiency, proactive talent sourcing, management for interviews, security and compliance and a space where users can see job openings and applicants. Furthermore, it builds a staffing pipeline and automates workflow to make the process much easier. A recruiting hub allows people to see candidates, assessment, tasks and referral candidates. Overall, it helps create an efficient hiring process for the whole company.
  • Integrations: Integrates with Google, Microsoft Teams, Outlook and Slack.
  • Professional Development: Provides professional reviews and development. Managers can make decisions based on skill sets. Employees can ensure their personal goals are aligned with broader company objectives. Some of its elements include career planning, goal management, internal mobility, performance enhancement and visibility with talent.
  • Customization: Comes with multiple personalization options for teams that have special needs or a more complex workflow.
  • E-Learning: Learners get access to rich, interactive content to help with competency development and engagement within the flow of a day’s work. Content is curated for individuals and personalized for better engagement. It’s within the program, so users don’t have to navigate a complicated system to access it. Leaders can create learning campaigns to fill skill-gaps and encourage career development and see how it impacts training. It also lets users create course catalogs and learning plans, store content and stream content.
  • Assessments: Hosts interactive video with multiple-choice questions and text answers to users so they can remember what they’re learning. It comes with accessibility elements by transcribing videos, in-video search and more.
  • Diversity: Enables policies to ensure equity across demographics and aims to make everyone feel welcome in the workplace. It measures hiring and promotions and assigns scores on an index so leadership can have a frank analysis of how diversity plays into the organization and where they can improve. Users can also create opportunities to increase equity, develop a more varied background of leaders, put plans into action, measure the effectiveness, remove bias from hiring and create a company culture that appreciates the unique strengths of people from all walks of life.
  • Reporting and Analytics: Centralizes all data including benchmarks, budgets, finance and workforce calculations, planning data, legacy app analysis, third-party app information, plans and more. Teams can examine and pull reports with the Discovery Boards feature and use augmented analytics to get at answering the tough questions. The platform helps with this analysis with features such as graph processing, machine learning and pattern detection.
  • Other Services: In addition to talent management, the solution also offers accounting, auditing, automation for professional services, cash and asset management, enterprise planning, enterprise planning, spending management, payroll, product extensions and workforce management.
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Why We Picked Infor Talent Management

Infor Talent Management is part of a wide company that makes a range of programs. Users responded well to the comprehensive customer service, affordable price points and the easy to use interface. A majority of reviewers that discussed recommendations said they would recommend it and they felt the features worked well. By far the most popular was the talent science that provides data based on behavior and performance. Users said it aided them in recruiting by building a workforce better suited to the company. Other reviewers said it helped with performance and diversity.
On the other side, many reviewers said they ran into some miscommunications during the process with the company. Though most ultimately had a good impression of the support services. Last, reviewers felt that while the assessments were condensed well, the length was worrying. They expressed concerns that possible hires would jump off during the application process.
Infor Talent Management is a good choice for organizations with complex recruiting needs who are looking to improve their performance and hiring practices. It appears to work best for medium-sized and large enterprise companies. The platform may be too complicated for small businesses.

Pros & Cons

  • Excellent Customer Service: Over 90% of reviewers who discussed customer support said they were helpful, solved issues quickly and provided valuable insight.
  • Affordable: Users felt the price was appropriate in over 90% of comments that discussed it.
  • Talent Science: Over 80% of reviewers who discussed the talent science features felt the data helped build and manage staff better.
  • Recommended: In comments that discussed recommendations, over 80% of users said they would recommend the platform.
  • Ease of Use: Over 70% of reviews that touched on the useability found the solution easy to navigate and use.
  • Good Functionality: Users who discussed features felt the software’s tools were adequate over 50% of the time.
  • Poor Communication: While users generally appreciate the customer service, over 60% who talked about it said they ran into some communication issues.
  • Assessment Length: Reviewers said assessments took too long in over 60% of relevant comments.

Key Features

  • Employee Lifecycle: Discovers the right talent, increases engagement and manages the employee lifecycle more effectively.
    • Acquisition: Helps administrators source, engage, screen, interview and hire candidates. It makes the process more effective and creates a standardized workflow to ensure equity and consistency in the process. Administrators also have a better insight into the skills of a candidate to cut down on costly turnover. Coordinate between recruiters, managers and interviewers with a personalized guide making the process run more smoothly. Integrate with an ATS or other system.
    • Onboarding: Once hiring is complete, the solution facilitates effective onboarding and allows users to track their performance. It provides them tasks to complete and makes for better communication with managers.
    • Succession Management: Identify and prepare the next generation of leaders from the current workers. Aids employees so they can develop along their desired career path while ensuring an organization is prepared in case of a sudden departure from the leadership team. Establish a pipeline of workers with the right skills to plan for company shakeups, shifting interests or changing priorities. This reduces turnover costs.
  • Talent Science: Predictive analytics create a technological framework to find the best candidates through the analysis of performance and behavioral data. Through assessments, it gathers the necessary info for better matches. This ensures a potential hire is right for their role. It facilitates career pathing, diversity, inclusion and productivity.
  • Compensation Management: Analyzes and suggests appropriate payment levels for potential and current staff members to ensure fair compensation and good performance. It calculates and automates payment and awards.
  • Team Development: Assessments and team communication tools enable collaboration between members. Teams can see their strengths and weaknesses and address issues where necessary. The Behavioral DNA identifies behavioral characteristics within a team, helps leaders develop strategies for better dynamics and users integrate more established and brand new groups. It can also analyze the alignment with higher business goals.
  • Performance Management: Monitors performance and analyzes strengths and weaknesses through assessments and feedback reports. Opens a line of communication between workers and management to set expectations.
    • Assessments: Offers surveys so staff can critically engage with their role and to find and solve challenges and appreciate successes. It tracks performance, delivers pulse surveys, analyzes worker behavior and more.
    • Goal Management: Aligns goals and expectations of the company with that of the employee so they can focus on the most important metrics, spark personal growth and improve.
  • Diversity and Inclusion: Uses science to combat hiring biases, create more diverse teams and encourage talent in areas where it may not be immediately apparent. In addition to necessary reporting, it gives leadership actionable insights to improve situations. Leads to greater self-awareness surrounding staffing practices.
  • Learning Management: Provides a platform for company learning. Instructors can create and deliver learning content. In addition to increasing training effectiveness, it can transfer institutional knowledge and aid workers in developing necessary skills. Assessments let workers gauge their success and retain the information better.
  • Other Capabilities: In addition to talent management, this suite has HR, workforce management, time and attendance, scheduling, planning for labor, benefits management and more.
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Why We Picked SuccessFactors

SuccessFactors provides full integration with all HR modules and can connect to other SAP solutions, such as finance to materials. With extensive customization, integration and analytics, it can be of great use for planning, developing and implementing HR strategies.

According to our analysts, SAP SuccessFactors scores a 79, leading in applicant tracking and recruiting, document management, and succession management.

It includes AI-assisted screening, LinkedIn applicant prospecting, automated tax documents, succession planning, offline course access and employee lifecycle tracking, helping HR cover core tasks today and plan for the future.

It’s gotten praise for its strong support team, which is responsive and customer-focused, although users sometimes experience delays in resolving issues. The platform excels as a comprehensive HR solution, integrating various functions into a single system that streamlines processes and reduces costs.

While there's a learning curve for most, the majority found it worth the work to centralize all things HR, especially with its AI capabilities. Recent updates have improved the UI design, though some users indicate growing pains with release-related glitches and complex integrations.

SAP SuccessFactors pricing starts at $10 per user per month with a free trial.

SuccessFactors makes recruitment easier with tools for job postings, tracking candidates, evaluating resumes and managing interviews. Its AI-assisted screening matches candidates to job requirements more efficiently.

The onboarding module speeds up the process for new hires by automating paperwork, setting up training and ensuring a smoother transition into the company. Overall, SuccessFactors helps identify and nurture internal talent for future leadership roles, creating a smooth succession plan and minimizing the impact of turnover.

Pros & Cons

  • Support Quality: The support team is highly regarded for its responsiveness and customer service. It’s praised for being helpful and treating customers well, although there can be occasional wait times for resolution.
  • One-Stop-Shop for HR: Most users appreciate the system's ability to integrate various HR functions into a single platform, which can streamline processes and reduce the total cost of ownership (TCO).
  • Goal Setting Flexibility: The learning module is seen as robust and flexible, making it easy to set and manage goals. Users can select from a library of goals or add their own, which facilitates effective goal setting and tracking.
  • Recruitment Management: According to most users, the recruitment module eases the entire process, including job postings, candidate selection, resume evaluation, interview scheduling and offer management. The applicant tracking and AI-assisted screening features were noted for improving time to hire.
  • Getting Started: Many find SAP SuccessFactors complex, especially for new users. The system is described as intricate and sophisticated, leading to a steep initial learning curve.
  • Reporting Woes: Users find the reporting options pretty restricted, with not much room to customize dashboards and reports. This lack of flexibility makes it tough to tailor reports to fit specific needs.
  • User Experience and Interface: The user interface (UI) has received mixed feedback. Some users feel it's outdated and clunky, with hiccups like confusing time-off calculations and cumbersome goal-setting processes.
  • Updates: While the support team is effective at troubleshooting integration issues, some users have experienced release-related breakdowns. On the flip side, other users noted recent updates have improved the UI, making it easier to navigate with new icons and better drill-downs.

Key Features

  • Joule: Use a virtual assistant to guide employees through the feedback process with easy-to-follow steps and prompts. Joule lets employees update their info right away (like location and working hours) without bouncing around multiple screens. It also streamlines promotion requests by guiding managers through the process and setting effective dates.
  • Automatic Tax Document Generation: Generate essential tax documents automatically, reducing administrative workload and ensuring compliance with tax regulations.
  • Payroll: Simplify payroll with automated pay calculations while ensuring compliance with both local and international rules to function globally. Plus, the self-service option lets employees easily access their information.
  • Time and Attendance Management: Automate time-consuming tasks like calculating hours worked and managing absences to make scheduling more efficient.
  • Recruiting and Onboarding: Create profiles, apply for jobs and track applications through a career portal. Employees can share openings and earn rewards for referrals. Recruiters can manage interviews based on candidate availability and location and provide a personalized onboarding experience.
  • Learning and Development: Use the earning management system (LMS) for all your learning needs, from succession planning to career development. It handles assessments, offline courses, training schedules, and tracking employee progress and course completion.
  • Performance and Compensation: Track employee performance to find top talent while providing feedback to help your team set and achieve goals. Reward employees with compensation programs and keep your numbers in line with budget modeling.
  • Workforce Planning: Modeling and analysis features provide insight into financials and scenario-based outcomes. Allocate resources effectively with budget planning, anticipate staffing requirements with workforce forecasting and reduce schedule conflicts with alerts.
  • Personalized Recommendations: The benefits plan recommendation tool offers a personalized ranking of benefits plans, providing employees with tailored recommendations to better meet their specific needs.
  • HR Analytics: Understand your company's data with insights on performance, turnover, diversity and more. Benchmark against peers and analyze HR data in detail. Use dashboards and reports to identify issues and spot trends.
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Why We Picked IBM Watson Talent

IBM Watson Talent is a talent management software with tools for recruiting, skill assessment and professional development. Reviewers were pleased with the solution’s features, especially regarding data management and integrating with other tech through APIs. Commenters said it helped evaluate potential hires, especially when it came to the Kenexa skill assessments. However, some wanted more customization options in the surveys. Users said the solution was ultimately easy to use, although many said it was challenging to learn at first. The interface made up the bulk of issues, with its look and feel described as “dated.” Many also felt they had to click through too many options and pop-ups. This processing issue was an annoyance to many. IBM Watson Talent is a good talent management solution for medium enterprise organizations.

Pros & Cons

  • Proper Functionality: Over 90% who discussed the features felt the product worked well.
  • Easy to Use: Reviewers said it had good ease of use in more than 80% of comments that discussed this topic.
  • Recruiting Tools: Over 80% of users that talked about the recruiting functions felt they worked well.
  • Friendly Customer Service: According to just under 80% of reviewers that discussed customer service, support was helpful and friendly.
  • Skills Assessments: Over 60% of users who talked about the skills assessments were happy with how they helped evaluate candidates.
  • Affordable: Reviewers who discussed pricing expressed satisfaction in over 60% of comments.
  • Dated Interface: More than 90% of users who mentioned the interface’s look said it was dated.
  • Navigation Problems: Users who discussed navigation said there were too many pop-up windows and clicks in over 80% of comments.
  • Implementation Issues: Over 80% of reviewers who talked about implementation said there was a steep learning curve.

Key Features

  • Recruiting: Identify, contact and prioritize qualified potential hires with a built-in AI to make the process more accurate and efficient.
    • Prioritize Jobs: Receive urgent staffing requests and ensure they’re given high priority and completed expediently.
    • Candidate Scores: Analyze comparative values between individuals to compare them with comprehensive, unbiased data. Make decisions more quickly.
    • Candidate Ranking: Show a list of possible hires organized by potential best fits for the company.
    • Actionable Insights: See how candidates perceive the company and guide conversations in ways that ensure qualified candidates are engaged and don’t lose interest.
  • Workforce Planning: Create a workforce strategy that combines better employee engagement, streamlined digital operations and lower costs for an optimized workflow. Recognize opportunities for improvement, fill in skill and capability gaps and operate with a flexible plan. Manage the workforce and office space while ensuring compliance with industry and safety rules. Use AI and intelligent workflows to execute plans efficiently.
  • HR Functions: Retain workers with an HR department driven by data and agile. Improve the retention rate using AI to ensure a positive employee experience. Use automation and chat bots for better productivity.
  • AI: Use AI bots to answer simple HR questions, allowing the department to tackle more in-depth company culture and learning challenges. Use analytics to predict future needs and plan future workflows.
  • Back to Office Procedures: Plan for returning to the office as the COVID vaccine takes effect. Create a re-entry plan that addresses the needs of privacy, staff concerns, tech challenges, data security and more.
  • Kenexa: Pick from a library of tests and send out skill assessments, engagement surveys, behavioral analyses, organizational effectiveness tests and more.
  • Analytics: Analyze insights from real-time data. Use social listening and peruse employee sentiment to faciliate better conversations with candidates and current employees alike.
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Why We Picked UKG Pro

UKG Pro is a cloud-based platform that’s designed to streamline global human capital management across all industries. It brings together key functions like payroll, benefits, recruiting, onboarding and learning management in one place.

Some standout features include an advanced scheduling tool that helps balance staffing levels and control labor costs. AI is a big player here, enhancing HR tasks with things like schedule optimization, retention forecasting, sentiment analysis and candidate matching.

From what I've seen through the demo, the mobile app lays everything out in a simple, direct way with menu options like time off, pay, HR help, benefits, goals, notes and learning. Under learning, there's a variety of helpful courses, including security awareness, conflict management and mindfulness training.

Completing requests seems quick and straightforward. Click HR Help and find requests to ask for a shift change, PTO or travel expense.

Manage assignments by viewing "To-Dos," including what's waiting for completion and what's crossed off your list already. Plan effectively with a headcount under metrics, showing who is on leave or on the clock in real time.

On the subject of planning ahead, UKG Pro scores a perfect 100 under succession management, with talent matrix, talent pool and talent insight functionalities.

Document management is also a top feature, earning 100 for its capabilities. It includes access controls, document search, automatic tax document generation and the creation of employee handbooks and policies.

Managing performance can be challenging, especially with a large team. It's important to ensure that everyone feels valued, but time constraints can make this difficult. UKG Pro’s talent dashboard helps by highlighting top performers and potential flight risks, making it easier for you to address issues and make necessary adjustments.

One thing I really liked was that there's a page for work-life balance with improvement ideas, including resisting multitasking, expanding team goals and introducing flexible work schedules. This helps employees feel valued, which ultimately fosters more productivity and job retention.

Additionally, I thought it was admirable there’s a "Giving" option on the platform for creating employee giving programs and tracking donations. This is a great source for team building, increasing engagement and building a more positive work environment.

Using the live chat, I selected customer support and then UKG Pro, which led me to FAQs. After hitting thumbs down to request a representative, I asked for an in-depth demo. The chatbot offered alternative solutions or the option to end the chat. When starting a new chat, the previous conversation was visible, but there was no option to start a new chat from scratch.

Pricing starts at $100 per user per month with a per-user model, and you can request a free trial.

Pros & Cons

  • Employee Data Management: Users commend UKG Pro for its robust employee data management capabilities.
  • Payroll Processing: Reviewers consistently highlight UKG Pro's payroll processing feature for its efficiency, accuracy and intuitive interface.
  • User Interface: Some users found the UI slightly outdated based on confusing design elements, unclear wording choices and inefficient grouping that collectively hinder intuitive navigation within the system.
  • Reporting: Some users describe UKG Pro’s reporting feature as ineffective and lacking user-friendliness.

Key Features

  • Payroll: Incorporate a scalable, configurable engine for accurate, streamlined pay processing. This feature also includes:
    • Role-based access to ensure data security.
    • Prebuilt tax compliance, automatic tax updates every quarter and GIS-powered search to ensure accurate taxes based on employee location.
    • End-of-year reporting tools, including a task checklist.
    • Pay modeling calculator, enabling employees to calculate information on their own.
    • Integration support for global payroll providers and TurboTax.
    • Dashboards showing alerts and metrics.
  • Benefits: Provide help videos and documentation to assist employees. Key components include plan recommendations and side-by-side comparisons, process automation, search filters, compliance reporting, transaction records, admin tools and connectors to hundreds of carriers.
  • Workforce Scheduling: Ensure effective shift planning and workforce management with advanced scheduling capabilities previously found in UKG Dimensions.
  • Workforce Planning and Optimization: Make strategic planning and resource allocation a breeze. UKG Pro now packs the workforce planning and optimization tools from UKG Dimensions.
  • Time and Attendance: Optimize timekeeping and absence management with UKG Pro's enhanced time tracking and attendance features, which are now integrated from UKG Dimensions.
  • Learning: Aid employee learning and development by providing:
    • On-demand, mobile access to training materials in multiple languages.
    • Gamification, rewards and social tools foster engagement.
    • Blended learning, a drag-and-drop interface for content creation and a course marketplace with more than 3,000 courses.
    • Channels for employees to capture and share knowledge with coworkers.
  • Recruiting: Make talent sourcing and acquisition for recruiting teams and candidates easier and more efficient.
    • Recruiters: Dashboards show candidate and opportunity status and AI scoring reveals applicants that are the best match. Multi-language, multiple job board postings and screening questions also included.
    • Candidates: Applicants can submit their LinkedIn profile, receive open position suggestions based on basic information and provide an in-depth picture of themselves by sharing details like motivators and behaviors.
  • Onboarding: Access a dashboard that has a timeline for tasks they need to complete, job-related videos and training material, and required forms, which they can fill out electronically. They can also create goals and connect with teammates.
  • InTouch DX: Give managers and employees flexible, real-time access for time and attendance processes. This timeclock device is designed for an hourly, mobile workforce.
    • Features include configuration options, real-time data, a touchscreen, native intelligence capabilities and multiple integrated readers.
    • Managers can track employee information, confirm transactions and ensure schedules are followed.
    • Employees can request PTO, view time cards and schedules, punch in and out, receive push notifications, and receive suggested actions based on upcoming tasks.
  • BI Reporting: Display real-time data in a clear, user-friendly format, empowering managers and executives to monitor and analyze KPIs. They offer both prebuilt and customizable reports. It provides insights for:
    • Human resource metrics like headcount based on local and global demographics.
    • Benefit plan costs and employee participation.
    • Financial information like overtime cost, pay equity and payroll totals.
    • ACA filing data, including risks, deadlines and eligibility.
    • Recruiting costs and sourcing data.
    • Employee performance, retention estimators and 9-box assessment.
    • Pay factors ranging from expenses and revenue to total compensation at the global level.
    • Survey data, including participation, engagement details, historical trends and metric performance based on industry benchmarks.
  • Compensation Management: Reward employees based on achievements through salary planning, customizable compensation plans, merit rules and analytics. It supports targets based on units, flat amounts or a percentage of base pay.
  • Performance Management: Drive employee engagement and growth while giving managers insight into individual and team performance. Features include tracking dashboards, automated reviews, goals, achievement ratings and real-time feedback.
  • Surveys: Gather employee sentiment using AI, natural language processing and machine learning. They offer a question library, templates, mobile-friendly design, custom dashboards and curated improvement suggestions.
  • File Management: Organize and manage employee documents with a central repository along with role and type-based permissions. Templates automatically fill in employee details, and a compliance assist feature ensures global adherence.
  • Succession Management: Develop a talent pipeline, ensuring your employees are prepared to take on new roles. There are plans for any level in the company, alongside talent evaluation, predictive analytics, reporting and personal development tools.
  • Integration Hub: Support developers in enhancing the system through integrations by offering:
    • A collaborative community, a developer portal and APIs.
    • Sample code and instructional articles to speed up deployment.
    • A marketplace of product and service partners.
  • UKG Talk: Facilitate engagement and inclusivity within your organization by supporting various communication methods like:
    • Company-wide announcements.
    • Direct messaging.
    • Team group chats.
    • Employee feedback and participation through celebrations, idea collection and achievement recognition.
    • Provide actionable insights by measuring communication impact and engagement metrics.
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Why We Picked Oracle Talent Management

Oracle is an overall talent management solution. Performance management was one of its most popular aspects. Users liked the overall management, professional development and skill set defining features. Its employee management, onboarding and talent management worked well aiding in optimizing the workforce. Recruiting was an especially well-liked tool with its ability to check candidate status, pull transcripts and engage in talent sourcing. Last, users were happy with its reporting elements as well.
As for reviewer dissatisfaction, the most disliked aspect was the price. It’s a comprehensive and expensive product. This included a lack of adequate skill-based search, poor navigation, problems that arose from internet connections, and an overall feeling of it being too complicated. Many users also experience bugs, glitches and a slow data management process. The initial learning curve was said to be steep, it was hard to navigate, and users disliked the UI and lack of expansive documentation.
Overall, this is a good tool for a medium-sized or enterprise company, especially one that’s looking for help recruiting talent and engaging in professional development. Though users should leave time for adapting to its somewhat complicated functionality. For smaller businesses or those with limited budgets, this is likely not the best solution.

Pros & Cons

  • Performance Management: Over 90% of users who discussed its performance management were pleased by the feature.
  • Talent Management: Users who discussed the talent management aspect of the platform felt it worked excellently over 90% of the time.
  • Employee Lifecycle: More than 80% of users who mentioned employee lifecycle management felt it worked incredibly well.
  • Onboarding: Users felt it was a big help with onboarding in over 80% of reviews that discussed it.
  • Recruiting: Over 80% of users who mentioned the recruiting aspects were satisfied.
  • Reporting: Users felt the analytics worked well in over 60% of reviews that discussed it.
  • Expensive: More than 90% of users who discussed price in their reviews felt the solution, especially the modules, was too expensive.
  • Performance Issues: Reviewers experience bugs, glitches and overall slow processing in over 90% that discussed it.
  • Scarce Documentation: Over 80% who mentioned documentation said it wasn’t comprehensive enough.
  • Hard to Use with Internet Issues: Users felt the worksheets need expanded functionality in more than 80% of reviews that discussed it.
  • Difficult to Use: Over 60% of users who talked about the ease of use felt the UI was poor and hard to use.
  • Steep Learning Curve: Reviewers who discussed the setup process felt it was initially difficult to learn in 60% of all cases.

Key Features

  • Recruiting: Registers results from candidates making screening much quicker and eliminating the step of account creation. It has a digital assistant to help them answer questions expediently. The tool integrates with a CRM to target candidates with customized messages and landing pages. An AI helps with the software with accelerated recommendations, data-driven offers and lets candidates do their own scheduling. Last, it can help with internal hires by recommending roles to employees within the company.
  • Onboarding: Onboards employees ensures a consistent experience within the HCM. It uses a digital assistant and steps that are easy to follow so users can get trained quickly from their preferred device. A personalized to-do list allows new hires to navigate the system easily and accomplish their goals from a centralized location. It also gives them access to any necessary resources.
  • Performance Management: Helps employees track and set their objectives that align with the broader goals of the organization. This helps every team strive toward something together. It breaks down the walls between employer and employee by enabling feedback with a request system. Users can offer up advice or comments at any point during the process. Employees are encouraged to constantly improve with check-ins, alerts and other tools that make mentoring and coaching much easier.
  • Compensation: The performance management helps managers evaluate and plan for the upcoming budget, raises and other important compensation decisions. Once the strategy and compensation plans are finalized, it makes it easy for the system to scale this process and create payment models, analyses and budgets. Ultimately, this leads to the successful administration of payment on a local and even global scale. Last, it creates a compensation plan so that everyone is on the same page.
  • Professional Development: Through career paths and development plans, employees can create goals and track their progress through an organization. This makes it easier for someone to understand their place and their path to better things. The system can deliver content employees might find interesting and connect mentors and mentees that are looking for opportunities to connect and collaborate.
  • E-Learning: This program includes e-learning features that deliver assignments, learning materials, initiatives, recommended content and more based on the data provided by the HCM. Integration with LinkedIn makes for a better eye on learner engagement in real-time. Subject matter experts can create top-notch content while administrators can look at skill and performance gaps and generate reports for actionable insights.
  • Succession Management: Nurtures future leaders and cuts down on turnover by identifying tomorrow’s management team. An inquisitive, visual dashboard guides discussions around leadership and helps users build a flexible talent pool, create succession plans and always keep an eye on metrics that could change everything.
  • Opportunity Marketplace: This program combines job posts, internal gigs and volunteering opportunities to show employees a complete realm of opportunities within a company. Some short-term positions can get workers cross-trained and learning new skills from a different perspective. Meanwhile, volunteering gives everyone a sense of purpose and renewed investment within a business.
  • LinkedIn Integration: Leverages recruiting, learner and profile data to review candidates from LinkedIn. All of this happens within the system, making it easy to connect with candidates without even leaving the system.
Start Price
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Why We Picked Gusto

Gusto is a well-reviewed payroll solution which many users enjoy for its good design and easy-to-use features. It’s UI and payroll processing abilities in particular make it a popular choice for automating payroll. Many also feel it handles benefits and PTO well. Some say it's an affordable choice given what it does while others note that it’s on the pricey side. The time tracking features aren’t universally loved. Users are split on the integration abilities with around 10% satisfied and around 10% dissatisfied. All in all, it appears to be a good solution for small and medium-sized businesses looking to streamline their payroll. Keep an eye on the price and, as always, demo extensively before buying.

Pros & Cons

  • Easy to Use: Just under 70% of all reviewers found this product easy to use with 10% specifically praising the design.
  • Great Conflict Resolution: The customer service was noted for being helpful, knowledgeable and excellent at resolving errors.
  • Helpful Features: Around 40% of reviewers said they appreciated the functionality, particularly praising the tax system, deductions, payroll processing and multiple payment options.
  • Appropriate Pricing: Over 30% of users felt that the price was well worth the system.
  • Good for Small Business: This was called a good choice for small businesses in over 10% of reviews.
  • Issues with Certain Functionality: While around 40% felt the solution worked well, another 40% reported issues, especially with the time tracking and integration features.
  • Slow/Pushy Customer Support: Around 10% of users reported negative experiences with customer service. Of them around 50% felt the staff was pushy and trying to upsell them and 50% felt they had to wait too long for answers or couldn't get in touch with them online.

Key Features

  • Payroll Processing: Automatically calculate employee checks and file taxes while using online faxing, filing and signing technologies.
    • Payroll Reports: Send money out weekly, bi-weekly, twice a month or monthly. Calculate an employee’s gross pay before taxes by simply entering the amount they should receive. Figure out overtime pay for hourly workers whether they have one or multiple pay rates. Leverage other payroll capabilities such as calculating unlimited and off-cycle payrolls, employee reimbursements, bonuses and more.
    • Automated Taxes: Calculate, file and pay all payroll taxes per local and federal legislation through direct deposit. Generate and send 940, 941, 1099, 8974 and W-2 forms for full-time employees and independent contractors. Manage deductions, garnishments and send child support in all states except for South Carolina. Make adjustments, get support and enter claims for the Federal R&D Tax Credit, FLSA minimum wage requirements and the FICA Tip Credit tax.
    • E-Signatures: Sign and file important documents and forms such as W-2’s, 1099s, 940s, 941s and 8974s. Make it easier to get everyone’s ducks in a row, even when separated by thousands of miles.
    • Leave Tracking: Set up and monitor vacation time, time off and sick time. Choose federal holidays or create other holidays for organizations that accommodate different faiths, locations or cultures.
  • Benefits: Make the necessary deductions automatically for medical insurance, 401(K) contributions and more. Give employees dental, medical and vision insurance and help them find the appropriate plan. Provide other benefits such as 529 (college) savings, commuter perks, disability insurance, FSAs, HSAs, life insurance and workers’ compensation.
  • Wallet: Manage banking accounts, emergency funds, paychecks and savings. Create as many as five saving goals, which deduct funds automatically from the correlating spending accounts — transfer funds from savings to spending easily. Put paychecks in different accounts and let workers see checks and the specifics of deductions, hours and taxes. Give access to paystubs, the Wallet app and W-2s.
  • Worker Management: Give workers digital paystubs accessible by the payday email, account or Wallet app. Let employees send money to charities, organize workers into departments and set policies for PTO and sick leave. Customize and assign various permissions to ensure users can access the appropriate content but not sensitive data.
  • Self-Service: Let employees complete tasks like adding dependents, picking out plans and scheduling changes to plans based on personal details. Let them retain access to specific account information after termination to cut down on unnecessary content. Organize reports based on teams or departments and let workers sign essential documents like I-9s and W-4s.
  • New Employees: Report new hires to the government automatically. Send out onboarding papers before new staff members start so they can fill out bank details, contact information and W-4s. Use an onboarding to-do list for tasks like adding employees to the payroll, background checks, filling out an employee’s I-9, setting up benefits and signing forms.
  • Directory: Create an address book of employees with profile pictures and contact information. Give new workers org charts to see where they fit in the organization. Organize fun facts, t-shirt or merch orders, birthdays and communal coffee dates.
  • Calendar Sync: Track deadlines, birthdays and employee anniversaries and sync with other calendars in iCalendar, Google, and Outlook.
  • Integrations: Uses closed APIs. Integrate with platforms like Accelo, Asana, Box, Clover, Dropbox, Expensify, FreshBooks, Github, G Suite, Homebase, Microsoft 365, QuickBooks Online, Receipt Bank, Slack, SpotOn, TSheets, Veryfi, When I Work, Xero, Ximble, Zoom and more. Contact the vendor for custom connections.
  • Reporting and Analytics: Generate and download reports for benefits, payment history, bank transactions, PTO, contract work, tax payments and more

Pricing

License/Subscription Cost
  • Gusto offers the following pricing plans:
    • Basic
      • $6/month per person
      • $19/month base price Core
    • Core
      • $6/month per person
      • $39/month base price Core
    • Complete
      • $12/month per person
      • $39/month base price
    • Concierge
      • $12/month per person
      • $149/month base price
    • For independent contractors
      • $6/month per person with no base price
Maintenance Cost
  • There’s no maintenance fee mentioned on the pricing page.
Installation/Implementation Cost
  • There’s no implementation fee mentioned on the pricing page.
Customization Cost
  • Get customizable employee onboarding tools as part of the Complete and Concierge plans.
Data Migration Cost/Change Management/Upfront Switching Cost
  • Migration costs listed on the website.
Recurring/Renewal Costs
  • The cost appears equivalent to the monthly subscription fee.
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Why We Picked Paycom

Paycom users in the past year have expressed both enthusiasm and concerns about the software. Many praise its user-friendly interface, mobile app convenience, and comprehensive feature set, which includes payroll, HR, benefits administration, and talent management. Compared to competitors, users find Paycom to be more intuitive and integrated, streamlining HR processes and saving time. Additionally, customer service is often lauded as responsive and helpful. However, some drawbacks are also mentioned. Implementation can be complex and require significant initial effort. Pricing concerns surface, with Paycom perceived as costlier than some competitors. While offering a wider range of features, this may not be necessary for all businesses, leading to potential overpaying for unused functionalities. Overall, Paycom seems to be a powerful and user-friendly option for companies seeking a one-stop HR and payroll solution. However, its complexity and cost warrant careful consideration, especially for smaller businesses or those with simpler needs. Comparing features and pricing with competitors is crucial to ensure Paycom aligns with your specific requirements and budget.

Pros & Cons

  • User-Friendly: 85% of reviews mentioning the interface noted the platform has an intuitive layout, with all features organized and easy to locate.
  • Customer Service: Customer support is highly responsive, as asserted by 100% of reviews referencing it.
  • Employee Self-Services: All users referring to self-service observed that employees can easily upload documents, view information and track performance.
  • Performance Reviews: An open dialogue tool makes employee performance reviews more effective, as indicated by 70% of reviews mentioning this feature.
  • Use Anywhere: The mobile app is easy to use and has all desktop features available, as asserted by 100% reviews on this feature.
  • Customization: Customization for most features helps cater to a company’s unique requirements, as noted by all reviews on product customization.
  • Login Process: All reviews on the login process observed that employees need to log in every time they open the software, as there’s no password save feature.
  • Challenging Transition: Transitioning between the client and employee side is challenging and cumbersome, as users need to log in to both systems, according to all reviews on this aspect.
  • Learning Curve: All users reviewing learning noted that the platform has a steep learning curve, making adaptation difficult for new users.
  • Integration Capabilities: The system doesn't provide integration with major third-party platforms without using SFTP or API, as indicated by 100% of reviews on this feature.

Key Features

  • Applicant Tracking System (ATS): Build customizable databases to view relevant applicant information and track candidates as they move through the application process. Managers can search and sort applicants by information such as degree, specific skill sets, work history and more. 
  • Compensation Management: Define budgets, award bonuses and integrate with payroll to ensure that all employees receive fair compensation without overspending. 
  • Job Posting: Allows managers to post open positions to thousands of job boards. Managers can also rely on recruitment data to build reports to determine if their recruiting efforts are working. 
  • Payroll: Calculate taxes, process payroll, account for employee expenses and more, directly through the platform. Automate payroll processing, ensuring that employees are always paid the accurate amount at the correct time. 
  • Performance Management: Schedule and facilitate employee performance appraisals directly through the platform. 
  • Reporting: Leverage Paycom’s built-in analytics to generate reports on a variety of processes, including payroll, time and attendance, compensation and more. 
  • Scheduling: Create and edit employee schedules and approve requests for time off through the system’s calendar. Automate time tracking and integrate with payroll to streamline pay processing. 
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Why We Picked Paylocity

Paylocity is a user-friendly HCM solution that works well for SMBs and delivers an array of features such as payroll management, hiring and talent management in a unified suite. Self-service capabilities help employees access their information. Some users found issues with its payroll, tracking and timesheet capabilities, reducing accuracy and limiting what can be done. However, it offers an intuitive interface, with tools like onboarding and PTO that make tasks easier while speeding up processes. Businesses looking for an end-to-end system to manage HR functions should consider this as a good contender.

Pros & Cons

  • User-Friendly Interface: 60% of users suggested that the interface is user-friendly, with automated payroll and simplified workflows that make it easy to operate and monitor teams.
  • Unified Dashboard: Paylocity enables HRIS, payroll, timekeeping and admin-related tasks to be handled from a single location, according to 60% of users.
  • Performance Benefits: It eases task management for essential activities such as checking time off balances and paychecks, conducting goal assessments and achievements, performing year-end reviews, and more.
  • Easy PTO: It’s easy to use and implement in a day-to-day work routine, with 30% of users mentioning they can check staff availability before approving leaves.
  • Streamlined Onboarding: The onboarding process checks in candidates and sends paperwork before they start, making it 10%-20% easier for admin setup and paperwork completion according to users.
  • Support Team: Paylocity's support process is lengthy according to 30% of users, requiring a lot of back and forth to get an issue resolved, which usually takes days.
  • Cumbersome Payroll: The payroll module requires set up by different people and doesn’t function accurately according to 10% of users.
  • Timesheets: Tracking time is difficult, as Paylocity doesn’t update and capture time entries until a shift is completed.
  • System Logouts: Despite automation, additional verification is required when logging in, causing 10% of users to completely exit and then log in again.
  • Tracking: Tracking functionality doesn’t work well for all the features in the experience of 10%-20% of users.

Key Features

  • Payroll: Companies can simplify multiple financial tasks related to payroll with this feature. It automates payroll processes and takes care of tax compliance, expense reimbursements into paychecks, garnishment services and custom reports that derive whatever data that’s needed. It provides employees with the flexibility to access a portion of their earned wages when needed. 
  • Workforce Management: This feature helps eliminate the need for manual tracking of tasks, reduces administrative work and maintains accurate records of individual employees. The review forms can be customized to promote employees to set goals via an insight chart. 
  • Employee Self-Service: The software provides users with admin analytics, 24/7 secure access, enrollment and insurance access, and internal plans. This feature helps employees and employers to access, update, enroll and administer data respectively. 
  • Time and Labor Management: Workers can clock in and out via the mobile app, and managers can set geofencing rules that ensure accurate clock-punching. It also syncs with payroll automatically and allows managers to create and adjust schedules as needed, without manually correcting payroll data. 
  • Data Insights: The platform allows users to access demographic information, utilization, headcount, labor costs, position insights, turnover and retention. It also features real-time employee data, analytics for employment trends, strategic hiring and budgeting decisions, and programs to build a diverse workforce. 
  • Reports: The system comes with over 100 standard reports along with an ad hoc reporting tool. Users can schedule reports to automatically generate and track key reports with a favorites feature. 
  • Compensation Management: With this feature, administrators can configure settings such as the approval process and eligibility requirements. It also supports the customization of compensation plans to match organizational pay cycles. Company leaders gain a view into budgets and allocations, while managers can provide increases and view employee data like performance and pay history.  
  • Marketplace Integrations: Organizations can extend Paylocity’s capabilities to streamline the payroll regularity and HR data management across all policies. The solution connects with partner solutions in 20 categories, including single sign-on (SSO), ERP and a variety of HR-related functions. More than 300 integrations are available in the vendor marketplace. Data can flow into or out of Paylocity, or in both directions, depending on the integration. 

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All Employee Retention Software (118 found)

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Buyer's Guide

Employee Retention Software Is All About Predicting and Preventing Employee Turnover

Employee Retention Software BG Intro

There’s no escaping the costs of replacing the skill, knowledge and experience of an employee leaving the team. Yet, the hiring process addresses the symptoms, not the cause. Forward-thinking companies are turning to employee retention software to discover the reasons for attrition and improve their talent management tactics to encourage top talent to stay.

Executive Summary

  • Employee retention software provides tools to collect employee turnover and actionable data to prevent avoidable exits from your organization.
  • The software equips your HR team with the talent insights to build suitable employee retention strategies and make data-driven decisions.
  • The software identifies employees at risk of leaving the organization, the loss impact associated with different positions and recommendations to prevent attrition.
  • Listening tools and feedback surveys collect authentic opinions, and perceptions employees have about their colleagues, teams, managers and company culture.
  • Ask potential vendors questions about the software before committing to a purchase.
What This Guide Covers:

What Is Employee Retention Software?

Employee retention software is an HR tool for businesses to analyze employee performance data and identify potential turnover risks. allowing HR professionals to focus on employee experience and take action to improve engagement and satisfaction.

Primary Benefits

Brian Kropp, VP at Gartner, predicts a turnover rate that’s 50% to 75% higher than normal and that companies should gear up to tackle this challenge. Employee retention software is the unsung hero needed to prevent another voluntary exodus. Here are the top advantages:

Employee Retention Software Benefits

Identify Warning Signs

According to a Gallup study, 48% of employees are looking for better job opportunities. With more and more employees jumping ship, your HR team has to fight tooth and nail to replace lost skills from a rapidly depleting talent market.

Employee retention software brings preventive measures to the table by assessing existing data to spot trends. The platform equips your team with deep insights into what motivates employees to stay and what motivates them to turn in their papers.

Understand Your Employees Needs

More open jobs, and fewer people to fill these vacancies indicates a power shift from employer to employee. While compensation is vital in retaining employees, it’s not enough. The modern workforce expects more.

Another study by Gallup identified that besides better pay, employees look for well-being, work-life balance, growth opportunities and stability while considering a job. Software capabilities help capture your workforce needs and deliver value propositions that align with your employees’ expectations and the company’s interests.

Reduce Turnover Rate

Understanding talent movement helps identify factors that cause employee turnover and motivators encouraging employees to stay by looking at attrition from all angles.

The software allows you to accurately capture how your employees feel about their colleagues and managers and then use those insights to create suitable retention strategies that empower your existing workforce.

Key Features & Functionality

Consolidated Dashboard

A holistic view of employee data, analytics and reports ensure your team has quick access to correct information. With vital insights displayed on one platform, you can save time and effort from switching between apps and track the impact of your employee retention strategy with real-time updates.

Workflow Automation

Reduce manual effort by configuring workflows based on the specifics of your internal processes. Improve operations by setting pre-determined paths for repetitive tasks and activities.

Survey Builder

Create experience surveys from scratch or rely on templated questionnaires to collect employee feedback. Send questionnaires in bulk and collect authentic opinions by allowing anonymous feedback.

Find out employee concerns and issues leading to attrition. Create surveys to gauge feedback at vital touchpoints throughout the employee lifecycle.

Employee Recognition Tools

Set common goals and measure cultural alignment on an activity dashboard. Acknowledge top performers on a recognition leaderboard and celebrate wins with incentive programs and rewards.

One-on-One Meetings

Organize in-person or virtual meetings with video conferencing tools to promote open-ended conversations, address employee concerns and exchange feedback.

Decide timeslots and add meeting agendas on a shareable calendar to involve employees in the process, avoid scheduling conflicts or integrate with existing interview scheduling tools.

Insights and Analytics

Built-in people analytics tracks the nuances of your workforce and provides deep insights that assist with implementing ways to support your people better. Find out what motivates your workforce by analyzing responses from anonymous feedback and peer-to-peer reviews.

Develop interactive reports on key data sets most relevant to your workforce and industry.

Software Comparison Strategy

Evaluating potential vendors that provide a range of features and functionalities seems daunting, especially when there are subtle differences between them.

You’ll need a framework to organize vendors based on your company-specific requirements to make the optimal choice.

Here are some tips for devising a solid software comparison strategy:

  • Assemble your team and start internal conversations to identify a list of requirements. The goal is to discover how a new system helps your HR team or talent acquisition specialists improve retention.
  • Create a prioritized list of top features you’ll need in an ideal system to further narrow down your options.
  • Next, tap into social circles by asking colleagues what employee retention software they use.
  • Extend your software search online and check reviews to find hidden pros and cons of using specific platforms.
  • Consider different features and functionalities providers offer and evaluate how well those services align with your human capital management goals.

Need more help conducting a guided software selection process? Consider reading our article on the lean selection methodology, in which we cover nine critical steps to finding the best software for your organization.

Cost & Pricing Considerations

Once you determine the key features needed in an ideal system, it’s time to determine whether the cost of implementing those solutions aligns with your resources.

Pricing varies based on the following:

  • The size of your workforce. Tracking a large talent pool means you’ll have more data to analyze, organize and store.
  • The number of users. Administrative users can access sensitive information stored on the platform and approve access requests from other users. Pricing varies based on the number of users navigating the system.
  • The workforce model. You’ll have business-specific needs based on the type and nature of your workforce. For example, managing hourly workforce retention differs from contractual employees. Software providers offer different pricing plans based on solutions that cater to different types of workforces.

Apart from the costs mentioned above, some implicit costs are also associated with implementing new software. Consider the following additional costs:

  • Installation fee
  • Subscription fee, in case of web-based or cloud-based applications
  • Cost of additional storage
  • Add-on features or tailored software plans

The Most Popular Employee Retention Software

To put things into perspective, consider our list of popular employee retention software:

Oracle HCM Cloud

Oracle HCM Cloud is a cloud-based the talent management suite. The platform provides a holistic view of talent profiles and communication tools to improve interactions with managers and employees. Its work-life solutions focus on enhancing employee experiences based on three aspects: career development, employee well-being and societal impact.

The built-in analytics analyzes employee data and provides deep insight into workforce diversity, attrition rates and retention trends. Connecting the platform with other Oracle products allows you to create a software ecosystem that manages end-to-end talent lifecycles.

Oracle HCM Cloud

Oracle HCM Cloud aims to increase employee retention by enhancing employee experiences. Source

Cornerstone OnDemand

Cornerstone OnDemand is a cloud-based platform that manages complete employee lifecycles, providing company-wide insights and making critical information easily accessible to assist with talent management decisions. It focuses on skill training and upskilling programs to address first-year attrition.

Built-in analytics and data visualization tools identify employees at risk of leaving the organization and organize actionable data into interactive reports.

Cornerstone OnDemand

Cornerstone OnDemand uses engagement surveys to identify flight-risk employees and calculate employee satisfaction. Source

Workday Talent Management

Workday Talent Management is cloud-based talent and HCM platform. You can access performance information, track competency development progress and view goal completion on the activity dashboard. Critical insights into employee journeys are vital to creating effective retention strategies.

The platform analyzes information from talent reviews and creates talent cards based on values like employee potential, flight risk and loss impact.

Workday Talent Management

Workday Talent Management’s employee listening tools measures how your employees feel and gather insights to improve everyone’s experience. Source

 

 

Questions To Ask

Asking questions can help you uncover company-specific requirements to look for potential vendors. Use the following questions as a starting point to drive internal conversations during your software search:

  • How many employees will use the software?
  • What are the key problems your team faces in retaining top talent?
  • What features will your team benefit from the most?
  • Can your existing IT infrastructure support a new system, or will you need to rely on the vendor?
  • What problems can this software help us solve?

Employee Retention Software Key Questions

Ask the following questions to vendors to determine the benefits and shortcomings associated with their services:

  • What are the different pricing plans? What do additional charges depend on?
  • Is the software customizable to specific business needs?
  • What data security features does the software offer?
  • Does the system integrate with your existing talent management system?
  • How many years of expertise does this vendor have in the industry?
  • What support services does this vendor provide?
  • Are there any client success stories associated with this vendor?

Next Steps

There will always be times when an employee leaves your organization. However, an excessive attrition rate indicates a more significant underlying issue. Employee retention software locates problems in your internal processes. Armed with the right insights, your HR team can build solid workforces and break free from the never-ending loop of onboarding and offboarding.

If you’re ready to take the next step, consider referring to our comparison report to gain insight into the top software leaders.

Product Comparisons

Additional Resources

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

Technical Content Writer
Saniya was a Technical Content Writer at SelectHub. With an MBA in Marketing, she found her calling in the world of digital marketing and technical content writing. Her work spanned HR-centric systems like talent management, recruitment and performance management to robust software like ERP and manufacturing systems. When the day winds down, she enjoys taking long walks with her dog or indulging in her artistic side by swapping her keyboard for a pencil. She finds solace in watching the sunset over the beach and appreciates the little things in life.
Technical Research By Nithin Shetty
Senior Analyst
With experience in research and consulting going back to 2015, Nithin Shetty is an asset to SelectHub's research team. In his Senior Research Analyst role, he works on projects in categories like HR, CRM, EHR and ERP. He's also a big movie buff and sports fan. When he isn't watching his favorite film or game, he's usually volunteering his free time to causes like blood drives and environmental cleanup.
Technical Review By Jaisri Narasimman
Principal Analyst
A graduate of NTU Singapore, Jaisri Narasimman honed her data mining and curation skills during her post-graduate education, focusing on developing strategies to help businesses make the most of their data. In her role at SelectHub, her research spans categories like HR, CRM and EHR.
Edited By Joe Evans
Content Editor
Joe Evans is an Editor and Senior Market Analyst at SelectHub. A seasoned professional wordsmith, he has a bachelor's degree in journalism and electronic media and a decade of professional expertise in crafting top-tier digital content for niche online brands. He leads his small yet formidable team in producing helpful, compelling content in vital categories like HR, payroll, talent management, performance management, marketing automation home health, MES. When not editing and writing, he enjoys sports, quality time with family and dogs, and remains constantly in pursuit of something new and interesting to read or listen to.