Talent management platforms can be a dream come true for those involved in the recruitment process. If you are trying to choose between Taleo vs iCIMS, there are a couple of notable things to consider.
Depending on the size of your business, and the features you’re looking for, Oracle Taleo or iCIMS could be the perfect fit for the talent acquisition process!
The right system will help to automate administrative tasks and boost productivity. Having a fully integrated system streamlines the recruitment process and makes applicant tracking easier.
Below, we compare iCIMS and Oracle Taleo across several different categories so that you can make an informed choice.
Oracle Taleo vs iCIMS Recruiting Software
iCIMS stands for Internet Collaborative Information Management Systems. This cloud-based software is used by professionals in the human resources (HR) department. It helps them to manage the recruiting process from start to finish.
Oracle Taleo talent software aims to make talent acquisition processes more efficient – from sourcing to applicant tracking and onboarding.
This software is designed to support those looking for a job as well as those in the recruiting department, all from a single web-based platform.
Versions and Composition
iCIMS components
iCIMS talent software is composed of three functions – Connect, Recruit, and Onboard.
Connect allows you to interact with candidates over any social media platform and personalize recruitment content.
Recruit allows candidates to apply for a position and centralizes applicant information.
Onboard assists new employees and offers them support during the onboarding process.
Taleo versions
Taleo is a talent management solution offered by Oracle. Oracle is an established business, which means that Taleo has the weight of an already-respected corporation behind it.
Taleo is composed of functions that allow it to be used throughout the recruiting process. It can help with hiring, onboarding, applicant tracking, and compensation management.
You can choose from three versions of this software:
- Enterprise Edition
- Business Edition
- Business Edition Talent Management
Features
Features and functionality are two of the most important factors to consider when comparing Taleo and iCIMS talent software.
The tool that you decide to integrate into your recruiting process should support the functions that your team needs.
Each team will need different things. Understanding these needs is critical to choosing the right recruitment tools.
At face value, iCIMS appears to be more feature-rich than Taleo. However, the benefit of having more features really depends on what your company needs from this tool.
iCIMS features
The iCIMS talent platform boasts many features including:
- Employee self-service
- HR management
- Performance record
- Recruiting
- Software customization
- Timesheet
- Applicant tracking
- Email integration
- Mobile access
- Recruiting management
- Social networking.
Taleo features
Taleo also offers plenty of features that your company can make use of. These features include:
-
- Benefits administration
- HR management
- Payroll
- Recruiting
- Accounting module
- CRM module
- Human resources module
- Inventory management module
- Project management module
- Supply chain management module.
Pricing
When comparing iCIMS vs Taleo, pricing is a factor that could make or break your decision. To start off, it’s important to note that both of these tools will require company finance.
Free trials
One version of Taleo, the Business Management edition, offers a free trial. A free trial is not available across iCIMS.
Hidden costs for Taleo
The pricing of Taleo may depend on the modules you choose to include and the number of users.
However, the original pricing of this cloud-based talent platform does not include maintenance or installation. Unfortunately, training is also not included by this provider – although employees will need it.
Oracle Taleo also requires that, depending on the version chosen, there is a minimum commitment of 1000 or 100 users.
This means that there is a minimum amount of money you’re going to have to spend. You would need to determine whether this is feasible for your company.
Hidden costs for iCIMS
iCIMS pricing includes many of the costs that Taleo does not. It includes maintenance, training, and renewal costs. In addition to this, there are no minimum commitments required.
iCIMS has a once-off installation cost, which is higher than other systems on the market. The overall pricing will vary depending on factors such as users as the number of products.
Overall pricing
iCIMS is priced lower than the average talent management software. The pricing for Taleo is higher than iCIMS and is closer to the average market pricing for talent management software.
Ease of Use
Ease of use is an important factor to consider and goes hand-in-hand with pricing. If the system helps boost your staff’s performance significantly, then it may be worth the cost.
While Taleo offers many benefits, it is also quite a complex system. However, the performance management and succession planning tools can be very beneficial to a business.
If your recruiting office has programming know-how up its sleeves, then this shouldn’t be a problem. However, if they don’t, they may not be able to realize the full benefit of Taleo.
On the other hand, iCIMS is easy to use for both job seekers and recruiters alike. This makes it a pleasant talent acquisition platform to use.
Training
Oracle Taleo requires some in-depth training to ensure that your teams can use it to its full potential. This is a commitment that requires some time and money.
iCIMS does not require the training that Oracle Taleo does. It is also better suited to developing businesses. This means that it can be used by budding teams and not just those with established functions.
iCIMS also allows teams to begin with a simple system, and edit and add on applications as time passes.
Typical customers
Taleo would be better suited to a large business that is relatively established. It is highly customizable and requires training. Companies that need to make use of performance management would benefit from Taleo.
The two versions can be used depending on business size. However, Taleo might not be the best option for small companies with a tighter budget.
iCIMS holds the greater market share in young, budding companies. iCIMS users do not need to be trained to unlock the full potential of the system.
This is a great option for smaller companies with smaller budgets. It is also highly scalable and can grow with the business.
Integration
Taleo has been built with this aspect as a key focus. This software can be integrated with any social media platform and can support surveys and other avenues for market research.
However, integrating tasks on Taleo can be difficult. It may even require external services, which means more additional costs.
iCIMS requires an additional cost from businesses for initial integration, which is higher than other systems on the market.
However, once it’s done, you can enjoy a fully-integrated system that streamlines multiple recruiting processes.
You can integrate social media platforms, Outlook, and Human Capital Management through both systems.
The main difference is that iCIMS offers CRM integration, while Taleo does not.
Which Should Your Company Choose?
There are many factors to consider when looking at iCIMS vs Oracle Taleo. Ultimately, the decision depends on your business needs and the features that you would benefit the most from.
For smaller companies, iCIMS might be the better option. For a larger business with a bigger budget and capacity, Taleo may be better suited.
These recruitment tools are both excellent choices on the market. But, if you’re looking for a great alternative, why not check out StaffingSoft?
We offer easy-to-use cloud-based recruiting software with a full suite of tools to optimize the recruitment process.