Organizations that are stuck in their ways are bound to be left behind by competitors. Slow decision-making can lead to missed opportunities, causing lost revenue and other issues, along with burning out employees who deserve better. Decision-making is one of the key ingredients for agility in the business world. Along with decision-making, organizations also need the data to inform those decisions and the agility to act on them.
HR departments have a powerful ally in the mission to make their organizations more agile: digital workforce management, such as that made possible by Oracle’s Human Capital Management (HCM) Cloud and related systems. These can help companies realize the full benefits of an agile workforce.
Companies that embrace digital tools gain a better opportunity to embrace the rise in remote work. Many employees find that remote work makes them happier. Also, allowing employees to work from a broader range of locations will naturally deepen the talent pool recruiters can dive into when trying to fill positions. HCM Fusion applications can help with the onboarding process, whether it occurs virtually or in-person.
Because digital tools like HCM reports can help organizational leaders identify top talent and set them up for advancement, in an agile organization, there is less chance of high-performing employees feeling stagnant. Rewarding employees appropriately, both through compensation and advancement, is key to keeping your organization agile.
One of the top focuses of today’s digital tools is collaboration. Oracle-powered analytics are up to the challenge. Sharing information, decision-making, and acting on those decisions all become harder if different arms of a company aren’t acting together and working with the same data. That’s why Oracle’s tools make it easy to gather and share data with anyone across an organization who would benefit from improved data.
HCM Cloud makes it possible for organizations to predict future data. By modeling different scenarios, it becomes possible to plan how to react under a number of scenarios. This is one of the key aspects of an adaptable and agile organization.
Help Your Organization Reach New Heights With BI Support
In the modern world, technology is no longer an option but a necessity for businesses. With new technologies coming up constantly, HCM departments need to be extremely agile. For more information about how Advanced Business Intelligence software can improve your organization, contact DataTerrain online today.