If you are considering migrating to the cloud, you may already be aware of its financial benefits as far as hardware and IT infrastructure are concerned. You may also have an idea of the savings resulting from scheduled updates and maintenance, but do you know how moving to the cloud will impact your business’s productivity? Geared towards medium and large businesses, Oracle HCM cloud boosts your company’s productivity in the following ways:
1.It enhances connectivity and collaboration
According to a recent survey, 64% of the persons interviewed confirmed that cloud connectivity and collaboration have exponentially increased the time it takes to execute tasks. Through cloud computing, employees can access files, company documents, projects, and emails from wherever they are, thus reducing wasted hours and increasing employee efficiency. Employees can contact each other or participate in meetings, whether they are on-site or working remotely.
2.It is scalable and flexible
Predicting the growth of your business is one of the biggest challenges businesses face today. Whether you experience fluctuations or rapid business growth, Oracle HCM Cloud can be tailored to meet your needs, especially through tools such as BI support. Cloud computing enables your business to adapt to internal changes and external conditions easily.
3.It increases employee satisfaction
Engaged workers are more productive. According to a survey on The Impact of Employee Engagement on Performance showed that organizations that prioritized on engagement realized an 81% increase in employee productivity. Oracle HCM Cloud is an effective goal and performance management platform that streamlines employee recognition and appraisal processes. As company documents and projects are readily available and easily shareable, employees can align their goals to those of the company.
4.It streamlines the recruitment process resulting in quality hires
While the recruitment process is time-consuming and costly, it is more frustrating if you do not end up getting the right hire. According to a recent report, the turnover rates increased by up to 7.6% in 2018. Most of the reasons why employees leave an organization are preventable. Employee turnover compromises your company’s growth and success. However, this can be easily remedied through cloud computing tools.
The digital world has made the business world extremely complex and competitive. Cloud computing tools such as Oracle Fusion HCM have enabled businesses to handle big data easily and efficiently. Through such solutions, your business gains a competitive edge and stays as productive as possible. For more information about how Advanced Business Intelligence software can improve your organization, contact DataTerrain online today.