Oracle Cloud Facilitates Your Business Experience
The COVID-19 global pandemic has changed the business landscape. To keep employees safe and still remain productive, businesses have adopted new ways of sharing information and completing tasks. While this shift has come with its share of challenges, it also presents amazing opportunities for businesses. In terms of technology, HCM Cloud can help you manage your core HR tasks for increased efficiency and growth.
Here are some of the benefits of HCM Cloud for your business:
Flexibility and adaptability
Today, businesses need effective solutions to help them survive uncertain times when the unexpected happens. HCM Cloud makes it easier for businesses to adapt to the remote working environment. The solution allows you to update work policies from your offices and distribute the changes to your staff working in different locations around the world.
The COVID 19 pandemic has shown just how important it is for businesses to prioritize employee health, safety, and well-being. Using HCM Cloud supports a virtual work environment, effectively enabling you to accommodate the various health and safety regulations announced by authorities. Cloud computing also provides channels through which you can communicate with staff about the latest safety and health precautions.
The HCM platform comes with self-service functions that enable a safe return to work. Because both employees and managers can access HR systems remotely, you can easily keep track of your workers. Staff members can enter information about their work locations, hours, and return-to-work dates. Managers can plan effectively for a safe and smooth return to work process.
Access to data and reporting
Data can play an important role in helping your business survive the tough times. HCM fusion reports give you access to information that you can use to ensure better decision making. The software can help you identify career opportunities, recruit the best talents, align compensation to employees’ performance and create a development plan that enables you to make the most of the available skills and talents. This versatility promotes efficiency and contributes to business growth.
Streamlined HR processes
HCM Cloud has features for tracking employee attendance and absence as well as automating payroll. You can have more performance reviews, making it possible to provide employees with feedback much more frequently so they can change their behavior sooner and improve their performance.
Utilize Your Data With HCM Reports
To achieve HCM Cloud success, you should adhere to the best practices during your move to the cloud. You may also want to consider using Business Intelligence Applications Configuration Manager, or BIACM. Lastly, get the right technical support to help you avoid common pitfalls during the process. If you are looking to help your business grow by implementing these strategies, contact DataTerrain today to see what we can do for your organization.