Why Should Your Company Opt for Oracle Cloud HCM?

JANUARY 01, 2020 08:10 AM

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Human resources is an essential business function that deals with the most critical enterprise assets: employees. Efficient, well-trained, and well-managed employees can make businesses successful. Businesses face several challenges in the day-to-day functioning of the HR business processes. The Oracle Cloud HCM application equips businesses with advanced tools, accelerators, workflows, automation, and well-integrated business processes. Oracle Cloud HCM application enables businesses to function more efficiently and manage their human resources better. Innovations in the digital field are changing the market rapidly; it is essential to keep up with the changes in the market. As per a few research reports, the digital divide between personal life and work tends to make employees more unproductive, disillusioned, and disengaged. Oracle Cloud HCM can help businesses overcome this problem and manage their employees better.

Significant benefits of Oracle Cloud HCM include:

Oracle Cloud HCM is AI efficient; it can identify potential talent through chatbots, and the hiring process is personalized. It has been ascertained that the future of customer service is all about chatbots.
Oracle Cloud HCM enables employees to take charge of their careers, allowing them to make the best use of talent mobility and innovative learning.
Since the cloud is connected, it amalgamates business strategies and people so that productivity increases rapidly.
With the help of the Cloud, all information is available at the click of a button, which results in the automation of time-consuming tasks and greater productivity.
Oracle Cloud HCM has better monitoring capabilities, allowing businesses to better track day-to-day activities. HR and employees can also design growth plans that align with organizational objectives.
Oracle Cloud HCM application can be integrated with CSS so businesses can be in tune with the hour rules, wage, payroll tax requirements, and much more. Employees will also have access to payroll information, ensuring major transparency between employers and employees.
The Global HR module benefits large companies with many locations; it results in a streamlined HR process. Some of its beneficial features include a better workforce directory, self-service functionality, and workforce modeling to minimize costs.
The strategic workforce planning module allows employers to align employees and business strategies for future workforce requirements. The module can also evaluate the present skills of the workforce so that better predictions can be made about what skill sets are needed for the company in the future.
The Oracle performance management module helps automate the performance process so that all managers, executives, and employees will get insight into workforce performance progression. Performance management supports many performance conversations, including day-to-day informal and immediate ongoing feedback for annual reviews.

FAQs

Why should a business consider adopting Oracle Cloud HCM?
Oracle Cloud HCM offers several advantages, including improved efficiency in managing human resources, advanced tools, and streamlined workflows. It addresses the challenges of the digital divide by enhancing employee engagement and productivity. Key benefits include AI-driven talent identification via chatbots, personalized hiring processes, enhanced employee career management tools, and improved alignment between business strategies and people. Furthermore, the cloud-based system allows for better monitoring capabilities, automation of tasks, and easy access to information, ultimately increasing productivity.
What are the benefits of using the Global HR module within Oracle Cloud HCM, especially for large companies?
The Global HR module benefits large companies with multiple locations, providing a streamlined HR process. Key features include an enhanced workforce directory, self-service functionality for employees, and workforce modeling tools. These features contribute to cost reduction and better management of a globalized workforce.
How does Oracle Cloud HCM assist in strategic workforce planning?
The strategic workforce planning module within Oracle Cloud HCM allows employers to align their workforce with future business requirements. It facilitates the evaluation of current employee skills, enabling better predictions about future skill needs for the company. This allows businesses to be more proactive in preparing for workforce changes.
How does the performance management module in Oracle Cloud HCM enhance employee performance?
The performance management module automates performance processes, providing managers, executives, and employees with insights into workforce progression. It supports various performance conversations, including daily feedback and formal annual reviews. This continuous feedback mechanism contributes to improved performance and employee development.
What specific services does SMACT Works offer related to Oracle Cloud Applications?
SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. They provide end-to-end consulting and managed and implemented services for Oracle Cloud Applications, including Oracle HCM Cloud, ERP Cloud, EPM Cloud, SCM Cloud, Student Cloud, and CX Cloud. They also provide services related to Oracle Cloud Infrastructure, PeopleSoft, E-Business Suite, Analytics & BI, and database management.

Is your company ready to adopt Oracle HCM Cloud? Contact our experts today to help you navigate your digital transformation!

About SMACT Works

SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. We deliver end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, IaaS & PaaS, On-Premise PeopleSoft & EBS Applications. Headquartered in Dublin, OH, we have a global presence with North America and Asia offices. We are an Oracle Gold Partner Cloud Standard, ISO 9001, and 27001 certified delivery organization serving customers with Excellence and Integrity.