Oracle's Cloud-Based HR Solutions to Help SMBs
Suryanarayan Iyer, director of ERP and Human Capital Management Solutions, Oracle (News - Alert) India, shared his views on the talent acquisition and management tools. He believes the organizations now are prepared for a change-ready workforce.
He feels that organizations are now all set to move to the next generation ERP solutions.
Iyer explains why newer platforms like Facebook and Twitter (News - Alert) are becoming 'de facto' standards of communication for official purposes, as it all starts with profiling of the organization, and then moves on to talent acquisition, development and retention.
“It’s about how employees are kept engaged,” Iyer said. “LinkedIn (News - Alert) has about 150 million users and Facebook about 850 million across the globe, and the former is a great source of employment, as it is quick and reliable. There is absolutely not much of a difference in this trend in India when compared to the other parts of the world. It is assuming as much significance as in other locations like Europe and Americas.”
Oracle is the company to go to for these solutions. Whether it’s a small organization or large, spanning across numerous platforms, Oracle has the only complete talent management solution on the cloud that’s useful.
Human resources (HR) systems are traditionally managed on premises. With the solutions provided by Oracle, all core employee metrics and data can be stored and analyzed in the cloud. From recruitment to performance, entire management solutions are seamlessly integrated in the solutions.
With the help of Oracle’s business partnering services, all the functions, from background verification information to everything else, can be easily outsourced.
Oracle is also into talent review, learning management, career planning and development. Oracle aims to provide business intelligence based on analytics and workforce predictions on the performance of individuals and that of the organization. Oracle has factored in 140 top metrics from contribution to attrition, which enables the system to proactively suggest measures.
It has also partnered with several analysts and consultants for their expert inputs.
Oracle’s acquisition of Taleo Corporations earlier this year has helped it immensely. They now have about 10 years of innovation strengthening their core.
For organizations looking for collaborative networks, Oracle offers Fusion Human Capital Management, with Taleo, a single integrated system. According to Iyer, organizations are replicating social media technologies now so that people can connect with organizations in a better way. Also, knowledge-sharing and networking has become very important both for organizations and for individuals.
Oracle’s other solution enables networking among employees, giving them much-deserved visibility among their peers. According to Iyer, Oracle’s solutions help source the right people, network with the right individuals and improve employee bonding.
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Edited by Braden Becker