Oracle HCM system refers to Oracle’s Human Capital Management (HCM) suite of cloud-based applications designed to manage various HR processes and optimize workforce management within organizations. The Oracle HCM system is part of Oracle’s broader suite of cloud-based business applications, known as Oracle Cloud Applications.

The Oracle HCM system includes a comprehensive set of modules that cover the entire employee lifecycle and address different aspects of human resources management. Some of the key modules and functionalities within the Oracle HCM system include:

1. Core HR: The foundation of the system, managing essential employee data and providing a central repository for employee information.
2. Talent Acquisition: Streamlining the hiring process, from candidate sourcing and applicant tracking to onboarding new employees.
3. Performance Management: Enabling organizations to set and track employee goals, conduct performance evaluations, and provide feedback.
4. Learning Management: Supporting employee training and development through course delivery and tracking.
5. Compensation and Benefits: Facilitating the administration of employee compensation, salary planning, and benefit programs.
6. Time and Labor Management: Tracking employee attendance, working hours, and managing leave and time-off requests.
7. Absence Management: Managing employee absences, such as sick leave, vacation, and other types of time off.
8. Succession Planning: Identifying and developing potential successors for key positions within the organization.
9. Workforce Analytics: Providing data-driven insights and analytics to aid HR decision-making.
10. Employee and Manager Self-Service: Enabling employees and managers to access and update their information, submit requests, and perform HR-related tasks.

The Oracle HCM system is delivered as a Software-as-a-Service (SaaS) solution, which means it is hosted and maintained by Oracle, and customers can access it over the internet. This cloud-based approach provides various benefits, including easy accessibility, regular updates, scalability, and reduced IT infrastructure requirements.