Oracle Cloud HCM

{{Short description|Cloud-based human resource management service}} {{Infobox software | name = Oracle Cloud HCM | screenshot =  | logo =  | logo caption = | logo alt = | collapsible =  | screenshot alt = | caption = | author = | developer = Oracle Corporation | released = October 2011<ref name=":0"/> | ver layout =  | latest release version = 21D | latest release date = October 2021 | latest preview version = | latest preview date =  | repo =  | programming language = | operating system = | platform = | size = | standard = | language = | language count =  | language footnote = | genre = Human capital management software, Human resources management, Payroll | license = Proprietary | website = https://www.oracle.com/human-capital-management/ | AsOf = | alexa = }} '''Oracle Cloud Human Capital Management''' (Oracle Cloud HCM) is a cloud-based HCM software application suite for global HR, talent, and workforce management released by Oracle Corporation in 2011.<ref name=":0">{{cite web|url=https://www.zdnet.com/article/oracle-fusion-apps-go-on-general-release/|title=Oracle Fusion apps go on general release|website=ZDNet|publisher=ZDNet}}</ref>

== History == Oracle Cloud HCM is a full-stack suite of native cloud-based applications for recruiting and talent workforce management.<ref name=":1">{{Cite web |last=Condon |first=Stephanie |title=Oracle wants to help you catalog your employees' skills |url=https://www.zdnet.com/article/oracle-wants-to-help-you-catalog-your-employees-skills/ |access-date=2022-03-28 |website=ZDNet |language=en}}</ref><ref name=":2" /> The SaaS offering<ref>{{Cite web |date=2021-09-28 |title=Après avoir été freiné par la pandémie, le marché du SaaS devrait croitre de 21% en 2021 |url=https://www.channelnews.fr/apres-avoir-ete-freine-par-la-pandemie-le-marche-du-saas-devrait-croitre-de-21-en-2021-106045 |access-date=2022-03-28 |website=ChannelNews |language=fr-FR}}</ref> is designed to provide support in one platform for employees and organizations during an employee's entire career, from hiring to career development to retiring.<ref name=":1" /><ref name=":3">{{Cite web |last=Condon |first=Stephanie |title=Oracle updates cloud applications as SaaS sales builds momentum |url=https://www.zdnet.com/article/oracle-updates-cloud-applications-as-saas-sales-builds-momentum/ |access-date=2022-03-28 |website=ZDNet |language=en}}</ref> It can be accessed on and used across multiple devices,<ref name=":1" /><ref name=":3" /> and was released as a module of Oracle Fusion applications in October 2011.<ref name=":0" /> Oracle developed Fusion infrastructure to support its cloud HCM (Human Capital Management) application, as well as its CRM (Customer Relationship Management); Financials; Governance, Risk, and Compliance; Procurement; Project Portfolio Management; and SCM (Supply Chain Management) cloud applications.<ref>{{Cite web |title=The evolution of Oracle Fusion Cloud Services |url=https://searchoracle.techtarget.com/feature/The-evolution-of-Oracle-Fusion-Cloud-Services |access-date=2019-01-15 |website=SearchOracle |language=en}}</ref>

In December 2004, Oracle acquired PeopleSoft.<ref>{{Cite news |last1=Lohr |first1=Steve |last2=Flynn |first2=Laurie J. |date=2004-12-14 |title=Oracle to Acquire PeopleSoft for $10.3 Billion, Ending Bitter Fight |language=en-US |work=The New York Times |url=https://www.nytimes.com/2004/12/14/technology/oracle-to-acquire-peoplesoft-for-103-billion-ending-bitter-fight.html |access-date=2019-01-15 |issn=0362-4331}}</ref> Oracle integrated intellectual property and knowledge of HR from PeopleSoft into HCM Cloud.<ref name=":4">{{Cite web |last=Bersin |first=Josh |title=Oracle Gains Momentum in the HR Software Market - A Story of Patience and Focus |url=https://www.forbes.com/sites/joshbersin/2015/07/14/oracle-gains-momentum-in-the-hr-software-market-a-story-of-patience-and-focus/ |access-date=2019-01-15 |website=Forbes |language=en}}</ref>

In February 2012, Oracle acquired Taleo Corporation, integrating Taleo's Talent Management Cloud into Oracle's human resources management system (HRMS) application product.<ref>{{Cite web |date=2012-02-09 |title=Oracle Moves Solidly Into SaaS With Taleo Acquisition |url=https://go.forrester.com/blogs/12-02-09-oracle_moves_solidly_into_saas_with_taleo_acquisition/ |access-date=2019-01-15 |website=Forrester |language=en-US}}</ref>

In February 2014, Oracle released HCM Cloud 8, which made changes to social sourcing, time and attendance, workforce modeling, performance management, and succession planning components.<ref>{{Cite web |title=Product of the month: Oracle HCM Cloud 8 |url=https://searchhrsoftware.techtarget.com/feature/Product-of-the-month-Oracle-HCM-Cloud-8 |access-date=2019-01-15 |website=SearchHRSoftware |language=en}}</ref>

By 2015, Oracle's core HRMS and payroll ran completely on the cloud, and the company was building new Cloud HCM apps on mobile first to support an integrated mobile experience.<ref name=":4" /> These included life/work apps for employee wellness management, reputation management, and competitions.<ref name=":4" />

In January 2018, Office Depot started using Oracle HCM as its HR/talent management platform.<ref>{{Cite web |date=2018-01-31 |title=Office Depot deploying Oracle HCM |url=https://www.benefitnews.com/news/office-depot-deploying-oracle-hcm |access-date=2022-03-28 |website=Employee Benefit News |language=en}}</ref> In October of that year, Oracle added third-party tie-ins for LinkedIn Talent Solutions and My Brand tools to HCM Cloud.<ref name=":2">{{Cite web |date=2018-10-22 |title=Oracle debuts Subscription Management and CX Unity, updates to HCM Cloud and Data Cloud |url=https://venturebeat.com/2018/10/22/oracle-debuts-subscription-management-and-cx-unity-updates-to-hcm-cloud-and-oracle-data-cloud/ |access-date=2019-01-15 |website=VentureBeat |language=en-US}}</ref>

In 2019, HCM Cloud was chosen by the U.S. Department of Defense as part of its HR system.<ref>{{Cite web |date=2019-11-18 |title=Oracle HCM Cloud to transform US DoD's HR operations |url=https://www.army-technology.com/news/oracle-hcm-cloud-us-dod-hr/ |access-date=2022-03-28 |website=Army Technology |language=en-US}}</ref>

In 2021, Oracle upgraded the platform to use low-code/no-code tools.<ref name="techtarget.com">{{Cite web |title=Oracle Cloud HCM introduces low-code/no-code template tools |url=https://www.techtarget.com/searchhrsoftware/news/252499138/Oracle-Cloud-HCM-introduces-low-code-no-code-template-tools |access-date=2022-03-28 |website=SearchHRSoftware |language=en}}</ref> It also introduced its Dynamic Skills platform capability which uses AI to catalog skills and suggest ways that employees and businesses as a whole can leverage skills.<ref name=":1" />

== Talent and workforce management == Companies can use Cloud HCM workforce modeling and prediction tools to predict possible hiring and reorganization needs. There are: a benefits portal that allows employees to sign up for their own benefits, a talent management tool that supports talent acquisition (recruiting) and retention, and learning modules that allow individuals to create and share different classes.<ref name=":6">{{Cite web |date=2021-11-04 |title=Oracle Adds Tools to Strengthen Data Use in Fusion Cloud HCM |url=https://www.hcmtechnologyreport.com/oracle-adds-tools-to-strengthen-data-use-in-fusion-cloud-hcm/ |access-date=2022-03-28 |website=HCM Technology Report |language=en-US}}</ref> Cloud HCM also offers LinkedIn Talent Solutions tie-ins and My Brand tools to support employee collaboration and help employees find career development opportunities.<ref name=":2" />

In 2021, Oracle released a tool called Oracle Dynamic Skills to help companies manage employee skills and identify skill gaps.<ref name=":1" /> The set of tools is made up of three major components: Skills Nexus, which uses AI to define and store skills profiles; Skills Advisor, a recommendation engine for skills across the talent business process that uses data about the employee and/or candidate; and Skills Center, a portal for employees to identify their skills and explore career growth opportunities.<ref name=":1" />

== Human resources (HR) == The Oracle Human Resources module within Oracle HCM includes some of the following capabilities:<ref name=":6" /><ref name="techtarget.com"/><ref>{{Cite web |title=How an HR help desk supports an HCM rollout |url=https://www.techtarget.com/searchhrsoftware/feature/How-an-HR-help-desk-supports-an-HCM-rollout |access-date=2022-03-28 |website=SearchHRSoftware |language=en}}</ref><ref>{{Cite web |date=2019-03-19 |title=Oracle HCM Adds Features, Focuses on Usability |url=https://www.hcmtechnologyreport.com/oracle-hcm-features-focuses-usability/ |access-date=2022-03-28 |website=HCM Technology Report |language=en-US}}</ref>

* Workforce modeling and prediction tools powered by data intelligence * Contextual compensation metrics * Employee benefits portal * Low code/no-code tools for HR templates creation * HR help desk<ref>{{Cite web |title=Oracle Human Resources |url=https://www.oracle.com/human-capital-management/hr/?source=ab-mm-2-Apps_JumpNav-w1307004398-03-06-24}}</ref> * Comprehensive onboarding process * Work life portal to increase employee engagement and wellness * Integrated employee directory to encourage collaboration * AI-powered digital assistant

HR administrators can restrict users' access to information based on their location; use configurable, rule-based action lists to manage policies for represented workers; and use LinkedIn Recruiter integrations to automate sourcing, candidate search, and referral recommendations.<ref name=":2" /> Cloud HCM also provides a smart employee sourcing tool that calculates factors such as likelihood to accept, performance predictions, and expected tenure.<ref name=":2" />

The HCM application is built to connect to a company's revenue and financial databases, working from the belief that employees are financially important and that financial and HR leadership may need to work together on long-term plans.<ref>{{Cite web |last=Baranouski |first=Artsiom |date=2024-04-13 |title=Building HRM Systems: A Canadian Guide to HR Tools in 2024 |url=https://aranouski.medium.com/building-hrm-systems-a-canadian-guide-to-hr-tools-in-2024-8b9cef1ed1bb |access-date=2024-04-13 |website=Medium |language=en}}</ref> With HCM, executives have access to total compensation metrics, can control compensation, and can design compensation plans.<ref name=":6" />

In 2020, updates to the platform included Anytime Pay, which allows employees to request early pay, in addition to other payroll capabilities, and Opportunity Marketplace to help companies fill short-term needs.<ref>{{Cite web |title=Oracle HCM Cloud gets on-demand pay, internal talent market |url=https://www.techtarget.com/searchhrsoftware/news/252489765/Oracle-HCM-Cloud-gets-on-demand-pay-internal-talent-market |access-date=2022-03-28 |website=SearchHRSoftware |language=en}}</ref>

== References == {{reflist}}

== External links == * [https://www.oracle.com/human-capital-management/ Oracle HCM] * [https://www.opkey.com/blog/oracle-hcm-cloud-22b-release/ Know about Oracle HCM Cloud 22B Release]

Category:ERP software companies Category:Enterprise software Cloud HCM

Oracle Cloud HCM

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