Human capital management (HCM) can refer to two different, albeit related, things. First, HCM involves the business strategy of investing in and optimizing human resource functions in a business, while also referring to the IT applications that can be implemented to manage and drive those business strategies.
As a strategy, HCM takes what were traditionally considered human resource (HR) functions, managing those functions in a way to maximize a company’s investment in its people. These functions can include recruiting, training, payroll, performance management, and more.
At CSS, our Oracle consultants help enterprises to implement a powerful HCM Cloud solution that enables companies across industries to align HR strategies with business goals. To discuss how our Oracle consultants at CSS can help transform your company through the HCM Cloud, contact us online or call 1-800-814-7705.
The Oracle HCM Cloud comes with multiple modules to provide companies with the ability to manage a broad scope of HR-related functions. Modules include the:
- Global Human Resources Cloud: Globally align human resources to allow your company to engage your workforce and meet compliance needs in a single solution.
- Talent Management Cloud: Oversee the entire human talent lifecycle in this HCM Cloud application.
- Workforce Rewards Cloud: Handle remuneration, including rewards for recruitment and retention.
- Workforce Management Cloud: Manage projects efficiently, streamlining operations and controlling labor costs.
- Work Life Solutions Cloud: Facilitate your employees’ ability to innovate.
Contact us online or call 1-800-814-7705 to talk to HCM Cloud specialists at CSS.
HCM stands for “human capital management” and, in its IT-related context, is the umbrella term for the applications that manage HR functions. ERP means “enterprise resource planning,” and this business management software allows companies to automate office functions. Increasing numbers of companies are recognizing the benefits of seamlessly combining their HR solutions with operational ones, and are therefore merging their HCM solutions with ERP solutions in the Cloud. This strategy provides real-time visibility into enterprise operations, readily providing information to people who need access and facilitating productivity. Contact us online or call 1-800-814-7705 to discuss how this can help your company.
The Oracle HCM Cloud allows enterprises to leverage their HR data to attract, recruit, develop, and train human talent. This HCM technology supports data across the human resource lifecycle in one secure platform that adheres to the latest regulatory requirements, scalable as the company evolves. Companies can seamlessly reward for performance, transform business processes, and much more. All of this can be accomplished with a lower total cost of ownership (TCO) to help boost return on investment. Oracle consultants at CSS can customize your HCM Cloud implementation in a way that dovetails with your company’s needs, while leveraging out-of-the-box functionality. To discuss specifics, please contact us online or call 1-800-814-7705.
Oracle notes how HCM technology is rapidly evolving, and predicts the following will happen or, if already in existence, continue to play an increasing role in HCM: “Expect to see accelerating adoption of already-familiar technologies, such as SaaS and mobile, as well as leading-edge technologies, from machine learning to AI.”
Oracle predicts that mobile will further empower employees and facilitate HR functions through self-service mobile apps. Social applications will allow people to collaborate with others throughout the organization, boosting productivity, while chatbots will provide relevant information more efficiently. Artificial intelligence will keep moving enterprises forward, handling tasks that aren’t possible for humans, “such as quickly mining thousands of resumes and data points to find best-fit candidates.”
Oracle-only consultants at CSS will continue to provide clients with the most modern HCM solutions. To discuss your company’s needs, contact us online or call 1-800-814-7705.
CSS is a leading, award-winning, Oracle-only consultant firm, as well as a Cloud go-to and Specialized Partner in the Oracle Partner Network (OPN). You can read a case study where we worked with a client, Skanska Civil, to modernize their HCM solution. Skanska is one of the largest construction and development companies in the United States and, as part of a complex project, we facilitated their global integration to Cloud HCM.
The Oracle consultants at CSS implement enterprise solutions across multiple industries, providing customized solutions that leverage out-of-the-box functionality. To find out how we can maximize your HCM technology, please contact us online or call 1-800-814-7705.