Elements in Oracle Fusion HCM
Elements in Oracle Fusion HCM
Oracle Fusion Human Capital Management (HCM) is a comprehensive suite of tools designed to manage and optimize the human resources processes of an organization. Here are some of the key elements/components within Oracle Fusion HCM:
Global Human Resources: This module focuses on managing employee information, setting up company structures, managing workforce predictions, and other HR foundational tasks.
Workforce Modeling: Allows HR teams to plan and model potential changes in the organization, such as reorganizations or mergers.
Talent Management: This encompasses a range of functions, including:
- Performance Management: Manage and assess employee performance.
- Goal Management: Set, track, and manage employee goals.
- Talent Review and Succession Planning: Identify and nurture future leaders.
Recruiting: This includes:
- Taleo Recruiting: A tool for attracting, recruiting, and onboarding new talent.
- Candidate Experience: Tools to improve the experience of job seekers interacting with your organization.
Learning Management: Offers tools for training and development, including e-learning and classroom training functionalities.
Payroll: This module is used for processing and managing employee payroll. It supports both global and local payroll requirements.
Benefits: Helps in administering and managing employee benefits, including health insurance, retirement plans, and more.
Time and Labor: A tool for managing, tracking, and reporting employee work hours, overtime, and absences.
Social HCM: Encourages collaboration, networking, and knowledge sharing among employees.
Workforce Predictions: Uses analytics to predict workforce trends, potential attrition, and other HR-related metrics.
Workforce Compensation: Allows organizations to manage employee compensation, bonuses, and other incentives.
Absence Management: Helps in tracking and managing employee leaves, including vacation, sick leaves, and other types of absences.
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