HR Software
HR Facebook HR Twitter HR Google+ HR YouTube HR Software RSSSocial HR
 
HRMS Reviews
HRlab HR Software Directory Oracle Fusion HCM Software Review

Oracle HCM Software Review

 

Oracle Fusion HCM Product Review

The Oracle Fusion HCM software suite is made up of 3 distinct offerings ("Core HCM/System of Record"; "Business Intelligence"; and "Talent Management"), that together house 13 separate software modules. "Core HCM/System of Record" houses the modules of Global Human Resources, Global Payroll, Global Payroll Interface, Benefits, and Workforce Lifecycle Manager. "Business Intelligence" houses the modules of Transactional BI for Human Capital Management and Workforce Predictions. And finally, "Talent Management" houses Incentive Compensation; Performance Management; Workforce Compensation; Network at Work; Goal Management; and Talent Review.

While each of these HR software modules does deliver significant functionality, the fact that Oracle has segmented certain functions like payroll (Global Payroll/Payroll Interface); compensation management (Workforce Compensation/Incentive Compensation); and employee performance (Performance Management/Goal Management); may indicate a disconnect from customer needs and an unnecessarily complex or even game-driven process for software module pricing and planning.

  • Global Human Resources
    The functionality captured in this HR software module is a fairly basic version of the "system of record"; providing a simple system to plan, hire, manage, and analyze a company's workforce by consolidating headcount, positions, budgets, and costs; and providing flexible modeling support for global (or segmented) organizations in both standardized and shared employment structures. However, this module delivers one of the more innovative solutions that Oracle Fusion HCM has; which is the re-conceptualization of self-service. In fact, the Fusion HCM software doesn't even call it self-service; largely because the system appears to have been built from the ground up to handle the unique roles within an organization, including that of self-service. So, rather than self-service being limited to managing human resources data, the Fusion HCM solution ties that self-service to everything from skills assessment to mentoring and from networking to organizational charting—delivering a newer transformational type of self-service rather than focusing solely on the transactional nature of data access for employees.
  • Global Payroll
    Oracle's payroll software is basic but broad, allowing for global processes to be streamlined onto a single system. Further, the flexible global rules engine powers out-of-the-box native payroll capability (including best practices and statutory requirements) for multiple countries from that system. International capabilities however are handled through the additional purchase of the Global Payroll Interface (similar to the International Regulator from NuView payroll software) and the International Payroll Kit.
  • Benefits Administration
    Much like the other "core" HR software modules, benefits software functionality doesn't reach best-in-class, but the feature-set does allow for defining, managing and presenting the full spectrum of benefits in a single process. Additionally, multiple plans and options can be designed and configurable rules can be set up to determine eligibility/costs, and HR events affecting benefits eligibility can be processed automatically. Fusion Cloud Connect for Benefits provides the added functionality of pre-integrating Fusion HCM to an organization's choice of providers.
  • Compensation Management
    Key features of the Oracle Fusion HCM Compensation Management software include: the allocation of multiple types (and currencies) of compensation; the distribution of budgets (including amounts and targets) to managers/employees; the creation of allocation models; the processing of dynamic calculations; the creation of summary analytics; and the ability for compensation configurations to be triggered by either plan or end-user personalization. Further, total compensation views of an employee or a group of employees can occur simultaneously, regardless of geographic location or pay package components. As such, this module provides some of the HR software industry's most robust compensation abilities—especially in terms of the embedded analytics. However, as mentioned previously the segmentation of Incentive Compensation adds an unnecessary layer into the compensation management mix.
  • Performance Management
    This HR software module provides the feature-set of employee and leader assessments; mid-year and annual reviews; and calculated templates for point-in-time evaluations of worker performance. While organizations do have the ability to configure the performance process to match business practices, functionality is limited in this module, especially if the module of Goal Management is not also purchased. In large part, the major issue with this Oracle Fusion HCM functionality is that Goal Management handles goal assignments, goal sharing (including linkages to collaborative tools), organizational alignment, goal weightings, development plans, and integration with a goal library, but lacks the formality of a singular performance management system. That said, partnering these two software modules does yield an impressively robust performance solution.
  • Talent Review
    Another unique element to the Oracle Fusion HCM software, Talent Review provides the functionality of a 9-box talent review; risk of loss (turnover); performance rating history; and compensation analytics—all as methods to automate the manual (and often labor intensive) talent review board preparation phase through an interactive dashboard. Aside from streamlining this process, dashboard feature-sets provide actionable decision capabilities—assigning tasks to managers/employees for follow-up and integrated links back to performance, development, and compensation.
  • Workforce Directory Management
    The Workforce Directory Management software's graphical organizational chart provides an integrated view of information related to an employee with an extremely user friendly interface. In addition, a powerful keyword search provides access to a 360-degree view of the employee and provides both personal (name, address, contact details etc) and professional details (supervisor, department, role, competencies, etc.), which collectively creates the employees profile. This HR software module provides the connectors needed to synchronize an existing core HCM system with Fusion Talent Management applications.

Next - Additional Oracle Fusion HCM Capabilities >>

Oracle HCM ReviewOracle Fusion HCM ReviewOracle HCM CapabilitiesOracle Technology ReviewOracle HCM PriceOracle Corp ReviewOracle HCM Strengths & WeaknessesOracle HCM Competitors

 

 

Oracle Review

 

 

Oracle HCM Software Review

 

 

Share This Article

Follow Us
social
social
social
social
HR lab
Home   |  HRMS  |  HR Solutions  |  Talent Management  |  Performance Management  |  Channels  |  Resources  |  Blog