• 21 Nov 2024

Achieve Sustainability Goals With HCM Cloud

Oracle Cloud Facilitates Your Business Experience

No business owner wants a company that won’t last. Yet, sustainability requires much more than hard work and simply “hanging in there.” Corporate sustainability includes considerations for environmental, social, and governance (ESG) concerns. It’s about creating long-term value for all stakeholders by balancing what’s called the Triple Bottom Line—people, profit, and the planet. Sustainability goes beyond just policies; it involves systems thinking and problem-solving—using data analytics to optimize human performance across recruiting, onboarding, coaching, and performance management. It also involves embracing diversity, equity, and inclusion. Let’s explore how Cloud-based HR solutions can help drive your business towards achieving sustainability goals.

Why it is Important to Have a Sustainability Strategy

A well-executed corporate sustainability strategy adds significant brand value and provides a competitive advantage. As studies by Nielsen indicate, 66% of consumers prefer products from sustainable brands. McKinsey’s research also suggests that companies with a sustainability strategy can reduce costs and improve operating profits. By incorporating sustainable practices, businesses can attract talent, create new business opportunities, and enhance stakeholder engagement, thereby improving both brand reputation and long-term profitability.

How Does Human Capital Management (HCM) Help with Sustainability?

Human Capital Management plays a pivotal role in driving sustainability efforts. Remarkably, 90% of S&P market value is tied to “intangibles”, such as brand value, innovation, and intellectual property—all of which are human-generated. By unlocking the full potential of human talent, Cloud-based HR solutions contribute to sustainability in various ways:

• Engagement & Resilience: By linking human performance to higher levels of employee engagement and resilience, HCM platforms help businesses improve productivity, morale, and overall sustainability.
• Trust & Stakeholder Confidence: Effective HCM enhances the trust of consumers, investors, and other stakeholders in your business, positioning you as a responsible corporate entity.
• Social Responsibility & DEI Goals: HCM systems can align organizational actions with broader social responsibility initiatives, including diversity, equity, and inclusion (DEI).
• Governance & Collaboration: HCM promotes better governance and fosters a collaborative work environment, which is essential for addressing sustainability goals.
• Metrics & Alignment: HCM systems offer powerful sustainability metrics for HR to measure and align a company’s HR performance with its sustainability goals.

Adapting HCM to Achieve Sustainability: Practical Insights

While the concept of sustainability is broad, it can be implemented practically by focusing on areas where human capital and sustainability intersect. Here are actionable steps businesses can take to integrate sustainability with their HCM systems:

• Utilize Workforce Analytics: Use HCM tools to gather data on employee performance, engagement, and retention. This information helps measure the impact of sustainability efforts on human capital, ensuring that your workforce is aligned with sustainability goals.
• Diversity & Inclusion Metrics: Track DEI metrics through HCM applications to ensure you’re meeting social responsibility targets and promoting a diverse and inclusive work environment.
• Sustainability-Linked Performance Goals: Set sustainability-linked KPIs for employee performance. For example, performance reviews could include environmental contributions or involvement in company-wide sustainability initiatives.

What Can DataTerrain Do to Help with Business Sustainability Goals?

At DataTerrain, we specialize in providing comprehensive HR solutions that align with sustainability goals through cloud-based Human Capital Management systems. By utilizing advanced Cloud-based analytics for sustainability, we help organizations track and optimize human capital performance to achieve sustainability objectives. Here’s how we assist businesses:

• Custom HR Reporting: Our experts design HR functional reports that address critical business areas such as payroll, talent acquisition, and workforce analytics, helping companies meet sustainability goals.
• Real-Time Data Analysis: Using our cloud-based Business Intelligence Support, we provide real-time data analysis, empowering businesses to make informed decisions that promote sustainable growth.
• Retention & Performance Insights: Our HCM solutions help identify top performers, analyze motivators, and predict employee turnover, ensuring that your workforce remains engaged and aligned with sustainability goals.

DataTerrain’s solutions have helped global clients improve their sustainability efforts. You can explore some of our success stories on our customer stories page.

Seek Superior HCM Assistance to Meet Sustainability Goals

DataTerrain offers state-of-the-art HCM cloud capabilities that integrate with BI tools to support a variety of HR functions, including payroll, talent management, performance management, workforce analytics, and HR compliance. Our real-time reporting capabilities help businesses track and achieve their sustainability goals by leveraging actionable insights.

Why Choose DataTerrain?

DataTerrain’s automation technology and real-time analytics drive business results and empower businesses to meet their sustainability objectives. Our solutions are trusted by over 270+ customers across America. Let us help your business create long-term value by achieving sustainability goals. Contact DataTerrain today to begin your sustainability journey!