Cloud HRM For A Digital Workforce
The demand for fast innovation, agility and scalability from an increasingly digital workforce is fueling a significant move to cloud-based human capital management. In an interaction with CXOtoday, Shailesh Singhla, Country Head and Director-Sales at Oracle, explains how Cloud-based HCM solutions are helping HR teams to manage and retain the right talent in the digital era.
- Are businesses ready to move to cloud based HCM?
More and more employees, both in functional as well as sales and production roles, want to access their work anytime and from anywhere through their mobile devices. Mobile devices such as smartphones and tablets offer greater freedom and versatility to users, freeing them from being tied to their desktop computers, and even their laptops as well.
The upgrade cycle for cloud-based HCM is much faster than that of traditional on-premises software, so companies must be able to embrace change in order to take full advantage of the new features. If the business is more risk averse than to go full speed ahead, more organizational flexibility needs to be instilled to get the most from an HCM cloud investment.
- What do organizations need to build to engage with millennials and digital natives?
The Digital Natives bring in uncertainty and change, that disruption can be a hugely positive force. There is an unprecedented opportunity to foster a new generation of engaged, tech-savvy, creative and evangelical workers—but only by using the right combination of engagement strategies and technology tools to offer the Digital Natives an outstanding employment experience.
To adapt and succeed in today’s digital workforce, HR and business leaders must simplify the employee experience and enable connections anywhere and via any device, personalize information and communicate it in a way that is relevant for their job, and create a culture where employees want to share their knowledge and encourage them to engage with each other in new and creative ways. Oracle has recently launched the Oracle Learning Cloud to help shift the corporate learning paradigm to one that enables employees at all levels to learn contextually and socially regardless of their location. The new Oracle solution helps companies provide employees with a consumer-like experience to help retain and develop the talent they need to be successful.
- HR is fast adopting the IT technology. What new changes are you foreseeing in the area?
HR departments can now have the best of both worlds when it comes to their software systems. They can get the financial advantages of subscription-based pricing, reduced IT overhead, built-in process best practices, and faster access to new features and functions associated with SaaS software, while still being able build-out applications to suit their unique requirements using PaaS.
Cloud-based HCM offers organizations the ability to take advantage of innovations such as industry-specific clouds, rapid upgrades, and modern, consumerized applications.
If a customer wants functionality not available in their HCM core product, for example, a solution to support an ‘employee of the month’ program, PaaS functionality would allow that customer to build that new capability and clip it onto the app. Best of all, IT doesn’t have to tinker with the core HCM code to make that happen. So the custom functionality doesn’t inhibit the ability to take future upgrades. Customers can now replace the customizations they use to build into their on-premise systems, and the upgrade nightmares they would often cause, with a combination of configuration through SaaS and extensibility through PaaS.
- What makes Oracle HCM solution different from others?
Oracle HCM solution offers most comprehensive and end to end employee experience through its HCM offering. The Core HR piece which is the fundamental block is way ahead in features and functionalities. This coupled with world class Talent management suite covering Recruitment , PMS , Compensation , Learn , Time & Labor and Expense management can help any Organizations to provide exceptional and seamless employee experience. In case customer request for some functionalities specific to their business , which is not available in the base product, Oracle PaaS functionality allows to build that new capability and clip it onto the base app.
What makes Oracle HCM applications different is that rather than having either a separate or generic, non-collaboration area, the Oracle HCM displays the conversations in the application platform UI shell that are contextually related to the business process or business object being manipulated in the application.
This enables easy access by users to the conversations that will help access expertise, answer their questions, provide updates to their social network, and make them more productive. They can do this without having to leave the application context, thus avoiding any breach of focus on the task at hand. Embedding social in applications improves the overall experience and performance of people who use the applications. It’s important to note however, that it is unlikely that on its own, embedding social in the application will start causing people to use applications they otherwise would not normally use – this is more about making existing users more productive.
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