Oracle have delivered details of its integrated Human Capital Management portfolio, including the company’s opening up of its cloud-based platform to allow companies to expand their own human capital environments.
Speaking to journalists at the company’s HCM development centre in Krakow, Oracle Vice President, Development, Fred Radier provided insight into the company’s latest cloud offerings, giving companies the ability to develop HCM programmes specifically for their business on top of their standard HR systems, in any way and at any time they see fit.
While much of an HCM system can be automated and standardised, says Radier, many companies want the ability to give their staff the social and mobile tools to boost their productivity by making interaction with the company systems and collaboration with each other easier.
“Oracle is the only company that offers its own cloud platform to customers to help them enrich their HCM applications. This means they can build their own applications and services – including solutions for smart devices – that will run on the cloud and can enrich their HR management processes specifically to their organisation.”
“By offering our customers a complete cloud platform for human capital management, we are removing the need for complex integration and large financial investments,” said Radier. “What customers need is an approach that removes complexity, allows businesses to move to the cloud at their own pace, and to create their own applications using a single, unified platform.”
Radier pointed out that the drag effect of legacy IT is a major barrier to companies attracting and retaining top talent. “We are now in the world of digital strategies, where a scientific and social approach to developing human capital is essential. An alarming proportion of IT systems date back to the pre-mobile, pre-social days of 20 years ago. Of these, 70 percent are customised, which only aggravates their unsuitability for today’s modern worker.
Consumer IT, such as mobile, social and online technologies, is fast becoming as significant as enterprise IT. “Today, consumer technologies account for some 50 percent of global IT spend,” said Radier. “In the recent past enterprise computing accounted for the larger share. We are seeing personal smart devices becoming integral to business computing.
“Cloud, social and mobile present a “perfect storm” for HCM practitioners: They can move their business into the new world of talent management without capital investment, in an incremental fashion, and onto a platform that has more flexibility than ever before. Standards are maintained and certain elements are vastly simplified, such as local statutory requirements.”
HCM is inextricably bound up with everything else that organisations do” said Radier. “It makes sense, therefore, to have every element of human resource management integrated with the business processes of a company. We understand this better than niche vendors with narrow product lines.”
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