Oracle HCM is an ERP (Enterprise Resource Planning) application that features technology solutions for Human Capital Management. Oracle HCM Cloud is a group of cloud-based Human Capital Management services provided by Oracle. HCM Cloud is available in over 200 regions and 25 languages.
According to study firm Gartner, “Cloud human capital management (HCM) suites deliver functionality that helps organizations attract, develop, engage, retain and manage their workforces.” A 2017 research by MIT Technology Review demonstrates that almost two-thirds of companies are either in the late phases or fully set up for HR in the cloud.
Oracle HCM provides enterprise-level engineering solutions for many consumers of HR systems which includes workers, supervisors, and HR professionals to recruiters and job candidates.
The key services listed below Oracle HCM Cloud include
Global Human Resources Cloud: A comprehensive worldwide HR solution to participate the workforce and operations. Includes Human Resources, Workforce Directory, Workforce Predictions, Workforce modeling, Workforce Health and Saftey incidents, and HR help desk.
Talent Management Cloud: Looks in the strategic direction of talent during the ability lifecycle. It includes sourcing and recruiting candidates, performance and goal management, learning and career development, talent review, and succession management.
Workforce Rewards Cloud: Refers to each of HR functions that handle any monetary or nonmonetary rewards including compensation, benefits, payroll and revenue compensation.
Workforce Management Cloud: Involves all HR functions which are linked to positive and negative time direction including time and labour, lack management, project portfolio management and expenditure management.
Worklife Solutions Cloud: Solutions to improve worker participation with reputation management, wellness tracking, and skill and career advancement.
HCM Analytics: Set of reporting and analysis tools for gathering business intelligence. Has pre-built dashboards and reports, ability to get HR, recruiting and financial information, assess present, historical and forward-looking information collections.
In 2018, Gartner termed Oracle a pioneer in the midmarket and massive enterprises Cloud HCM segment. Gartner estimates more than two,400 clients have bought Oracle’s Global HR module as of May 2018 (with greater than 1,700 estimated to be live).
Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises
What is Human Capital Management?
Human Capital Management is a group of practices which aims to change traditional Human Resource Administrative functions for example
recruiting, training, payroll, compensation, and performance management.
Oracle HCM Cloud: Pricing
Oracle provides HCM cloud as subscription service with each user monthly fees. To subscribe clients are required to have a minimum of 1,000 consumers or personnel. Subscription into Global Human Resources merchandise is required to purchase other HCM cloud solutions. For recent upgrades on pricing please visit Oracle HCM
|Oracle Global Human Resources Cloud||worker / month|
|Global Human Resources||$13. 00|
|Human Resources Help Desk||$4. 00|
|Workforce Health and Safety Incidents||$2. 00|
|Strategic Workforce Planning||$4. 00|
|Advanced HCM Controls||$3. 00|
|Talent Management Cloud||worker / month|
|Talent Acquisition||$5 ). 00|
|Talent Management||$8. 00|
|Oracle Workforce Rewards Cloud||worker / month|
|Global Human Resources (includes Benefits)||$13. 00|
|Workforce Compensation||$1. 00|
|Worklife Solutions Cloud||worker / month|
|Global Human Resources (includes My Competitions)||$13. 00|
|Work Life Solutions||$3. 00|
Oracle HCM: On-Premise
Oracle was offering HCM solutions for on-premise clients for quite a very long time. Products include the following
Oracle E-Business Suite
Peoplesoft HCM Products
JD Edwards Enterprise One HCM Products