Global Human Capital Management
Short summary:
The Human Resources (HR) group, working in collaboration with line ... Oracle human capital management software reflects the unique and varied requirements of ...
Long summary:
Global Human Capital Management Oracle Solutions for Workforce Excellence Like most companies, a multinational organizations primary asset is its people, and, not surprisingly, there is a vested interest in cultivating this vital asset. The trend in todays business is toward creating a culture of well-informed, self-sufficient employees. The Human Resources (HR) group, working in collaboration with line management, can achieve this strategic objective using Oracle human capital management (HCM) applications. By deploying a wide range of employee development and talent management applications, and by using a self-service front end, companies gain efficiencies, reduce costs, and enhance the quality of their workforce. Reducing Costs and Returning Value In a global marketplace, human resources typically operates according to local regulations and customs for each country in which they have employees. Does this mean that you need multiple HR systems for each location? Not at all. Oracle human capital management software reflects the unique and varied requirements of users from countries around the worldin a single databaseand brings important benefits to human resources. Deliver multiple languages, currency, and characters in one database Deliver HR content in a consistent fashion Create a global data model Store past and present data in one place Report business metrics from one source Get a consolidated view of the company Train users on just one system Manage data privacy more easily Oracle HCM applications also give you significant financial benefits. Eliminate legacy license and support fees Reduce your hardware capital budget Lower your software maintenance feesone version, one upgrade path, and fewer customizations Lowered implementation and maintenance costs Fewer databases need fewer programming resources Singular focus for application security Reporting Challenges Diminish in Global Instance To align the workforce with the organizations overall objectives, HR executives need comprehensive insight into the workforce as a whole. But this can present a major challenge when you consider the fragmented nature of the HR systems in many global organizations. The inability of these systems to interoperate has made it difficult and time-consuming for global HR executives to get answers to even the simplest questions. To address this very issue, Oracle offers two solutions for global human resources management: Oracle Human Resources Management System (HRMS) and Oracles PeopleSoft Human Capital Management. These products deliver a single, central, global core system with localized extensions to accommodate national language, culture, regulations, and legislation. One global application can help multinational HR executives implement a single system that fulfills local operational needs while providing the consistency and strategic insight needed to manage and deploy the entire workforce for maximum competitive advantage. Dealing with Disparate HR ...
Source: www.oracle.com
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