Oracle announced new capabilities in Oracle Fusion Cloud Human Capital Management (HCM) Analytics. Built on Oracle Analytics Cloud and Oracle Autonomous Data Warehouse, Yvette Cameron, SVP of Global Product Strategy, Oracle Cloud HCM, noted that Oracle Fusion HCM Analytics provides the insights HR organizations need to understand workforce diversity, mitigate employee attrition, optimize recruiting efforts, predict employee retention trends, manage compensation ratios, and analyze data in support of other essential activities.
“With the latest updates to Oracle Fusion HCM Analytics, HR managers can quickly access the payroll information they need to attract, retain and develop talent and ultimately become the employer of choice. The new pre-built analytics they expand the range of KPIs, metrics, and dashboards that help clients get started from day one, without the need for coding, integration, or data expertise,” she said, noting that it allows them to:
Better manage mobility and performance: HR leaders can keep talent engaged by identifying which employees are ready for their next career move, which roles are of greatest interest, and how to help employees achieve their goals. Additionally, HR managers can tap into deeper insights into the activities that keep their employees engaged, how they relate to higher retention, and the types of goals correlated with higher performance outcomes. Recruit, reward, and retain those who perform better: HR managers can compare compensation with other key data such as payroll, financial growth, and employee performance. This allows organizations to optimize their labor cost, appropriately reward top performers, and maximize employee retention. Additionally, access to comprehensive hiring information enables organizations to leverage Oracle Recruiting Cloud and improve hiring strategies to build high-performing teams. Identify Skills Gaps and Help Employees Grow: HR Leaders Can Understand better skills within your workforce. This allows them to identify internal and external candidates with the right skills for new roles, see areas they need to hire, or help employees develop specific skills. These insights extend the capabilities of Oracle Dynamic Skills and help organizations develop, execute, and improve their talent strategy.
Conversational information on any device
Cameron noted that Oracle Fusion HCM Analytics is easy to use, without the need to know how to run a report, which fields have the necessary information, or how to prepare and model the data. “HR and business leaders can access analytics by voice on any device. For example, saying ‘show me my head count by location on a map’ creates a visual feedback for them immediately on their phone or computer,” he explained.
With built-in machine learning, she added, Oracle Fusion Analytics automates the tedious, time-consuming, error-prone, and insecure data processes required for line-of-business and cross-functional analytics. “It enables fast, self-service access to performance results, trends and predictions, reducing the time spent on data collection and validation, freeing organizations to focus on decision-making and adoption. measures that move your business forward.”
Additionally, Cameron noted, Oracle Fusion Analytics Warehouse offers cross-functional analytics with a single, extensible data model and unparalleled integration with Oracle Fusion Cloud Applications for finance, supply chain, and human resources. “Analytics of data in finance and human resources allow clients to see revenue and profit per employee, travel and expense by department, and the impact of employee attrition on margins, allowing managers to HR leaders answer longstanding questions and quickly adapt to change.