Oracle HCM Cloud Services

Designed for change. Built for you.

Oracle Fusion Cloud HCM is a complete cloud solution that connects every human resource process—and every person—across your enterprise. We help you create a community where people feel valued, heard, and like they belong. With a single user experience and data model, seamless processes, and AI-embedded infrastructure, Oracle Cloud HCM can help you redefine what best looks like for your people.

The Definition of Human Capital Management

The term HCM can refer both to a business strategy and a set of modern IT applications and other technologies that are used to implement that strategy. Though sometimes used interchangeably, the terms related HR, HRMS, and HRIS do have subtle distinctions:

HR: Refers to a set of traditional employee management functions that includes hiring, job and position management, HR compliance, and reporting.
HCM: Encompasses the same processes, but also includes workforce rewards and talent and workforce management.
Talent management: Looks at the strategic management of talent throughout the talent lifecycle. It includes sourcing and recruiting candidates, goal and performance management, learning and career development, talent review, and succession management.
Workforce rewards: Refers to all HR functions that manage any monetary or nonmonetary rewards including compensation, benefits, or payroll.
Workforce management: Involves all HR functions that are related to positive and negative time management including time and labor and absence management.
HRMS: Refers to the set of applications and other technologies that support and automate HR processes throughout the employee lifecycle. While the terms HCM and HRMS are often used synonymously, HCM puts particular emphasis on the strategic approach to managing employees.
HRIS: Originally referred to keeping administrative employee records. It has been largely replaced by the term HRMS. In practice, HRMS and HRIS are virtually interchangeable terms.

Key Benefits of a Powerful HCM Solution

Attract and Retain Talent

Increase hiring speed and quality by quickly sourcing and recruiting the right candidates. Increase engagement with work-life solutions that help motivate employees and deliver a superior employee experience. Retain and nurture talent by providing professional learning and growth opportunities.Increase bench strength by proactively planning for succession in leadership and other key roles.

Optimize Workforce Management and Spending

Differentiate compensation by allocating the right mix of monetary and nonmonetary rewards.

Manage time and labor, scheduling, and related expenses.

Maintain expenses for specific projects and other costs.

Build a pay-for-performance culture.

Respond with Agility to Change

Align people strategy with business strategy. Anticipate workforce attrition with powerful insights. Adjust the workforce quickly to organizational changes.Tailor HR processes to account for unique needs.

Streamline HR Operations

Consolidate disparate HRMS. Leverage analytics for more intelligent workforce decisions. Automate manual processes globally and locally. Accelerate HR processes with self-service.

The Functional Components of HCM Solutions

Simplify your HRIS systems and manage your entire workforce with a single, global system of record.

Employee lifecycle: Manage from hire to retire for all employees, full-time and contingent, with localizations for more than 200 countries and jurisdictions.
Strategic HR: Track personal and employment information, create job structures, manage employee documents, and predict performance and attrition with a single solution.
HR service delivery: Enable manager and employee self-service on any device and provide an HR Help Desk for sensitive HR cases.
Employee engagement: Motivate your people with wellness, competitions, volunteering, and personal branding tools.
Compliance and fraud detection: Improve health and safety through incident reporting and safeguard your data through fraud detection and autonomous security.

Workforce Rewards

Attract and retain the right talent and drive value through a differentiated workforce rewards strategy. Maximize the accuracy of payroll and compensation data using modern and innovative technology.

Compensation: Analysis, modeling, budgeting and administration of local and global compensation plans.
Benefits: Deliver flexible benefit program options that adapt to unique business needs.
Payroll: Process payroll and support compliance by delivering accurate payroll, tax reporting, and regulatory rules.

Workforce Management

Control labor costs, reduce manual processes, and simplify compliance for all of your employees, globally.

Compensation: Analysis, modeling, budgeting and administration of local and global compensation plans.
Total compensation: Deep insight into all compensation activity to executives, managers, and employees.

Pay-for-performance: Leverage performance ratings, goal attainment, and other metrics into compensation calculations.

Talent Management

Enable organizations to manage the entire talent lifecycle—from effectively sourcing and recruiting to onboarding new hires, managing goals and performance, rewarding for performance, providing continuous learning, developing careers and conducting talent reviews and planning for best-fit successors—all while keeping employees engaged.

Talent acquisition: Present a compelling candidate-centric experience and match the best-fit candidates to jobs by leveraging innovative technologies.
Performance management: Align individual and business goals and support employees with frequent checkpoints to optimize performance.
Career development: Identify career opportunities and maintain a development plan to bring employees closer to their career goals.
Talent review and succession management: Evaluate macro-organizational talent trends and proactively plan for future needs in leadership and other critical roles.
Learning: Meet the learning demands of the modern workforce and keep employee skills current. Leverage embedded intelligence to provide a tailored learning experience.