Oracle makes HR technology more powerful, smart and easy to use

San Francisco: Oracle yesterday announced new additions to the Oracle Human Capital Management (HCM) Cloud portfolio. Part of Oracle Cloud Applications Release 13, the latest release of Oracle HCM Cloud introduces three new applications, major user experience enhancements, and extensions to existing HR modules. New innovations include powerful artificial intelligence (AI)-based recruiting features, as well as new health and safety and governance and risk capabilities. 

To successfully manage and retain the best talent, organisations need access to the right technology to optimise the employee experience and anticipate and respond to changing workforce needs. The latest release of Oracle HCM Cloud empowers HR professionals to meet this challenge by combining all major HR functions on one platform to enable collaboration, optimise talent management, provide complete workforce insights, increase operational efficiency, and make it easy for everyone to connect on any device.

The latest additions to Oracle HCM Cloud incorporate simple but powerful features that enable organisations to leverage the latest innovations to anticipate and plan for the future, said Chris Leone, Senior Vice President, Oracle Applications Development.

In this latest release, Oracle HCM Cloud is extending the power of AI to inform recruitment efforts in the following ways:

Candidates can access helpful chatbots to discover more information about positions of interest and the company’s recruiting process, helping increase candidate engagement and conversion.

Algorithmic insights help users make better decisions throughout the application, from highlighting best-fit candidates to hiring managers, suggesting other possible career opportunities for candidates, and predicting candidate offer acceptance to recruiters. Oracle AI leverages company talent data, as well as candidate information, to guide the process and improve the likelihood of success.

New products included in the latest release of Oracle HCM Cloud are:

Oracle Recruiting Cloud: A new recruiting solution built natively on Oracle HCM Cloud, Oracle Recruiting Cloud provides more robust sourcing and comprehensive recruiting capabilities. Recruiting organisations will be able to drive proactive campaigns and identify future pipelines of talent ahead of demand. Internal employee candidates will be able to benefit from increased access to internal opportunities and potential career paths available in a company to see how they fit with existing skills, career preferences and new learning opportunities available to increase their likelihood of success at a company. External job candidates can access helpful chatbots to discover more information about positions of interest and the company’s recruiting process to help increase candidate engagement and conversion. Human Resources Information Technology (HRIT) organisations will benefit from the streamlined administration and ongoing maintenance that comes with everything being on a common platform, helping to eliminate challenges of account management, single sign-on, data integrations and reporting. All users will benefit from new algorithmic data surfacing and chatbots that help improve recommendations and overall decision support.

Workforce health and safety incident management: Provides organisations with a quick and easy-to-use solution to manage accidents or unsafe conditions in order to best align with organisational safety goals. Features include incident management, capturing critical event information with tailored data based on the type of incident reported, ability to track actions to remediate the root cause of the safety issue, safety dashboards, and reporting support to help ensure proper action is taken and is compliant with Occupational Safety and Health Administration (OSHA) U.S. standards. Ideal for workplaces that involve heavy manual labour where health and safety risks are a key concern such as manufacturing and supply chain, construction and engineering or automotive.

Governance, Risk, and Compliance: Helps organisations identify, remediate, monitor, and manage risk by streamlining governance and compliance initiatives. It deters employees from exploiting the system through clearer segregation of duties and more security features to prevent potential fraudulent activities.