Oracle HCM Solutions
Here are some key components and aspects of Oracle HCM Solutions:
Core HR: Core HR forms the foundation of Oracle HCM Cloud. It includes functionalities such as employee record management, organization structure, workforce modeling, and global HR compliance. Users can maintain a centralized repository of employee data.
Recruitment and Onboarding: Oracle HCM Solutions provide tools for recruitment and onboarding, allowing organizations to manage the entire hiring process. Features include job posting, candidate tracking, interview scheduling, and new employee onboarding.
Talent Management: This module encompasses performance management, goal setting, career development, and succession planning. It helps organizations identify and nurture talent within their workforce.
Learning Management: Oracle HCM offers a learning management system (LMS) to create, deliver, and track employee training and development programs. It supports compliance training and skills development.
Compensation and Benefits: Organizations can manage compensation plans, salary structures, and benefit programs within Oracle HCM Solutions. This module helps ensure competitive compensation packages and benefits for employees.
Payroll: The payroll module supports payroll processing, tax calculations, and compliance with payroll regulations in various regions. It can be integrated with external payroll providers.
Employee Self-Service: Oracle HCM provides self-service portals where employees can access and update their personal information, view pay statements, request time off, and perform other HR-related tasks.
Workforce Analytics: Oracle offers robust analytics and reporting capabilities, allowing organizations to gain insights into workforce trends, performance metrics, and HR data. Customizable dashboards enable data-driven decision-making.
Mobile Accessibility: Oracle HCM Solutions are accessible on mobile devices, enabling employees and managers to perform HR-related tasks and access information while on the go.
Global Compliance: The system is designed to address HR and payroll compliance requirements in multiple countries and regions. It keeps up with changes in labor laws and regulations.
Security and Data Privacy: Oracle places a strong emphasis on data security and privacy, ensuring that sensitive HR data is protected and compliant with industry standards and regulations.
Integration and Extensibility: Oracle HCM Cloud can be integrated with other Oracle Cloud applications, third-party systems, and custom extensions to meet specific organizational needs.
AI and Machine Learning: Oracle has incorporated AI and machine learning capabilities into its HCM solutions, enabling predictive analytics, chatbots, and automation of routine HR tasks.
Oracle Fusion HCM Training Demo Day 1 Video:
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