Top 10 Reasons Why Customers Prefer Oracle Cloud HCM for Their HR Needs

HCM stands for Human Capital Management and is an important part of any organization that is involved in the processes of recruitment, employee management, payroll, performance and other related services. However, as the companies evolve, the management of these functions becomes an issue. This is where cloud-based solutions such as Oracle Cloud HCM are of great importance as they offer the following benefits. Oracle HCM Human Capital Management solution has been embraced by many organizations since it integrates rich and easy to use features that fit any organization. 

 

Oracle Cloud HCM

 

As of now, there is an increasing adoption of cloud-based HCM systems in the current business world. The Human Capital Management Software Market size is estimated at USD 24.92 billion in 2024, and is expected to reach USD 35.94 billion by 2029, growing at a CAGR of 7.60% during the forecast period (2024-2029). Since the popularity of cloud-based solutions is increasing in organizations, Oracle Cloud HCM is one of the most popular solutions in the market. This makes it a perfect solution for the organization that would like to get their HR systems ready for the future while at the same time easing the burden on the HR department. 

 

In this article, we will discuss the top 10 drivers that customers are choosing Oracle Cloud HCM. We will talk about what makes it unique, the benefits it offers to organizations, and how it helps companies to beat competitors in managing human capital. Oracle Cloud HCM is an extensive, flexible, and future-oriented system for organizations that seek to optimize their HR management and learn from the best practices of many participants in the market. 

 

Top 10 Reasons Why Customers Prefer Oracle Cloud HCM for Their HR Needs 

 

 

1. Comprehensive End-to-End HR Solution 

 

Another thing that customers value when selecting Oracle Cloud HCM is that it offers a single package for human capital management. Oracle Cloud HCM is an umbrella solution that covers the whole cycle of the employee’s life starting from the recruitment process, onboarding, performance, payroll, and engagement. When all the HR functions are integrated onto a single platform it becomes easier to manage the processes, make the right decisions and increase the level of satisfaction of the employees. 

 

Oracle HCM tools are compatible and this means that companies do not have to use several software to manage their human capital, thus eliminating system integration. This helps organizations to be certain that there is an appropriate strategy that is employed in the development of the workforce. 

 

2. Scalability for Growing Businesses 

 

Oracle Cloud HCM is very flexible and thus suitable for organizations that are likely to grow in the future. Oracle’s solution is in the cloud and can be implemented in a small start-up company or a big multinational company. It allows organizations to increase or decrease the features, users and modules as they grow, making it a cost-effective solution. 

 

According to a research done by Gartner , it was established that 70% of firms that have implemented cloud solutions stated that scalability was the reason. Oracle Cloud HCM makes it possible for organizations to manage employees in various countries but at the same time, the organization can set standards and policies that may vary from one country to another. 

 

3. Single Employee Interface Across Multiple Devices 

 

The current generation of employees expects to find the same technology at the workplace as they have in their homes. Oracle Cloud HCM does not disappoint on this front as it is built with a mobile-first approach where employees can do HR functions on any device including a PC, tablet or a mobile phone. Whether the user is looking at pay stubs, changing his/her details, or applying for a leave, Oracle Cloud HCM is mobile friendly and can be used on any device. 

 

This ease of access helps in making the employees more engaged and satisfied hence improving their productivity. In the PwC survey, 60% of the employees said that a positive and efficient digital experience increases their satisfaction in the workplace. 

 

4. Advanced Tools for Analysis and Data Display 

 

Oracle Cloud HCM has features of analytics and reporting in its system that help the HR teams to make the right decisions. Starting from the performance and attendance of the employees to the turnover rates and the forecast of the workforce, the platform provides the information that is necessary to manage the human capital. 

 

The report by Deloitte in 2023 showed that 67% of the HR leaders said that the use of analytics would be crucial in improving the performance of the HR. Oracle has incorporated artificial intelligence and machine learning characteristics that assist the HR teams to predict future problems. Such a level of reporting is useful in helping the businesses to be informed on the trends of the workforce. 

 

5. AI-Driven Automation 

 

Technology is revolutionizing the way human resource management is done, and Oracle Cloud HCM leverages artificial intelligence to perform tasks such as payroll processing, benefits management, and recruitment. The application of AI in the features reduces the probability of making mistakes, boosts efficiency, and frees up the time of the HR professionals to perform other tasks. 

 

For example, Oracle Cloud HCM has the AI capability in resume filtering, scheduling of interviews and even providing candidate recommendations based on certain criteria. This automation not only helps in fast tracking the hiring process but also helps in finding the right talent to join the organization. 

 

6. Compliance Management in International Markets 

 

Another challenge that multinationals encounter is the question of compliance to various labor laws, taxes and employment standards in various countries. Oracle Cloud HCM has strong features of compliance that enable organizations to work within the legal framework of the countries they operate in. 

 

Oracle Cloud HCM is always updated with the new laws and regulations that are adopted in the region and in the rest of the world which assist the businesses to manage the records of their employees and ensure compliance with the laws of the region and the world. This is especially so for organizations that operate in different countries to avoid getting into trouble of being fined or facing legal cases. 

 

7. Training and Development of Employees for Improved Performance 

 

Investing in the growth and development of the employees is crucial in the retention of the employees as well as in ensuring that the organization has a pool of human resources. Oracle Cloud HCM has a Learning module that allows organizations to provide learning and development solutions based on the employee’s career path and the existing competencies. 

 

The LinkedIn Learning report shows that 94% of the employees said that they would be willing to work more years for a company that offers training. Oracle’s advanced learning capabilities make it possible for employees to own their learning process while at the same time making it possible for organizations to be prepared to respond to any inadequacies in skills. 

 

8. Talent Management and Succession Planning 

 

Oracle Cloud HCM is especially good in the talent acquisition and development, and succession, which results in the right people in the right positions. Its Talent Management module helps organizations to identify the talent, the career track and leadership succession planning. 

 

The SHRM report of 2022 shows that 60% of the organizations have recognized succession planning as a strategic talent management practice. Oracle Cloud HCM enables organisations to establish good succession planning policies to avoid risks and enable leadership succession. Its talent management tools help in the identification of leadership talent and management of succession. 

 

9. Advanced Security and Data Privacy 

 

Since cybersecurity is now a concern for organizations, the privacy of the employees’ information is important. Oracle Cloud HCM has incorporated the best security measures that will help to protect the information from the HR department from hackers and other unauthorized persons. 

 

Oracle HCM Cloud solution is also GDPR, ISO/IEC 27001, and SOC 1 and 2 compliant, so customers’ data is secure in Oracle. This commitment to data protection is important for organizations that deal with large amounts of employee data especially in industries that are highly regulated such as healthcare and finance. 

 

10. Integration with Other Oracle Cloud Applications 

 

Oracle Cloud HCM has another advantage in that it is seamlessly integrated with other Oracle Cloud applications such as ERP, Supply Chain, and Financials. This makes it possible for organizations to have a single system for managing not only the HR but also other business factors. The integration of HCM with other significant systems enhances the operations of the organization and ensures that information is well coordinated in all departments. 

 

IDC revealed that 82% of the organizations that implemented cloud-based HR solutions said that system integration was an important factor. Oracle Cloud HCM is also highly integrated with other Oracle Cloud applications, so the businesses can take advantage of the centralized approach to managing human capital and the company’s operations. 

 

Conclusion - Oracle HCM Cloud Training for HR Needs

 

Oracle Cloud HCM is a solution that is integrated and flexible to address the requirements of the contemporary organization. It covers the range from the simplification of the HR processes to the increase of the level of the employees’ satisfaction and legislation compliance. 

 

Thus, training is critical for organizations that are either implementing or seeking to optimize the use of Oracle Cloud HCM. Vinsys offers Oracle HCM training for corporate employees that help the HR and IT staff to get the most out of the platform. All our courses are designed by professionals to ensure that all the participants get hands-on experience and understanding of Oracle Cloud HCM. 

 

Whether you are a newcomer to Oracle or aiming to upskill or reskill, Vinsys has a wide range of training services that can be tailored to your needs. Our comprehensive training will equip you with the knowledge and skills to manage your organizations human capital using Oracle Cloud HCM and succeed in today’s complex HR landscape.  

 

Join us today at Vinsys and let us assist you in realizing the potential of Oracle Cloud HCM!