What Oracle Cloud HCM talent management features are missing from your on-prem PeopleSoft application?
This question comes up often, and it can be difficult to answer. In a webinar series, Oracle’s Robbin Velayedam, Sr. Director of PeopleSoft for HCM Product Management, and Christine Yokoi, Sr. Director of Product Strategy for Oracle Cloud HCM, teamed up to share some of the latest features Cloud HCM has to offer.
- Talent review
- Talent profile
- Career development
- Opportunity marketplace
- My Brand
The talent profile is at the center of the Cloud HCM talent management features. It is foundational to all talent management applications and processes. This is the same as PeopleSoft HCM. They have the same foundational concept.
PeopleSoft customers can identify with some of the terms above, but there are new ideas such as Opportunity Marketplace and My Brand that are not offered in PeopleSoft HCM. At a high level, you can see the difference. Additionally, behind each of these tiles is a different way of achieving tasks than PeopleSoft HCM customers may be used to. This post will cover some of the highlights.
Talent Review & Succession Management
Talent Review and Succession Management is the key to cultivating talent for the future. This tile provides tools for managers and leaders to assess and evaluate their talent. Some of the top uses of this tile are as follows:
- Assess talent
- Evaluate macro-organizational trends
- Mitigate talent risk
- Take timely and appropriate actions
- Use talent pools to identify high-potential and hidden talent to develop a leadership pipeline
- Ensure your best talent are in line for future critical roles
Oracle’s feedback from Talent Management customers shows that it is standard to perform reviews at least once per year. Many organizations have a desire to do multiple reviews per year, considering a spring season review and fall review. Customers are also extending reviews deeper into the organization than traditionally common. While reviews at the senior level are extremely important, there are critical roles that are lower on the organization chart and can be very beneficial to review. The higher number of reviews is another reason to offer them at multiple times per year. The Talent Review Dashboard within Cloud HCM helps facilitate these reviews by looking at an employee’s performance, potential, retention, and talent score.
Oracle Dynamic Skills
Dynamic skills are another standout withing Cloud HCM talent management features. It is a multi-year initiative that looks broadly across talent management to help organizations leverage employee skills across the organization and support employees in assessing their own skills and tracking their progress. Oracle Dynamic Skills utilizes AI to help you achieve the following objectives:
- Understand the skills of your organization
- Unlock the power of skills
- Unleash your talent potential
Oracle Dynamic Skills empowers you to understand the skills of your organization by automatically detecting and understanding your organization’s unique skill landscape to help you confidently plan, hire, and leverage talent to meet business needs. It gives you the ability to connect skills with people, jobs, and resources at the right time with AI-powered recommendations that improve talent processes and provides a centralized place to manage skills and the actions to drive personal and organizational growth.
Skills are used in the talent profile, but they’re also used to determine who should be assigned to which projects, what kind of learning should be made available, and which positions would be applicable.
The nature of a job changes so rapidly. Even if a job title remains the same, the definition of the job and associated required skills can change. New skills may be needed to achieve the same task or a brand new one.
Oracle Dynamic Skills allows your employee—and, therefore, your organization—to keep up with the demands of the job front.
Oracle Dynamic Skills is a game changer. It drives you to make better matches with career growth. You can retain talent for longer periods of time.
Oracle customers have reported this is a critical area but also a very hard area in which to be successful.
Taking a closer look at Dynamic Skills, the Skills Center is a single place for an employee to view both the skills they already have and those that they are developing. These skills can help them to grow in their career and in their organization. The employee will also receive AI-determined recommendations for growth opportunities. The Skills Center is focused on skill development for the employee and applies to their profile. Any skills tracked here are part of the employee talent profile.
In the example below, the employee, Marie, has declared certain skills with proficiency levels. The proficiency levels can be customized to the organization. Marie also has skills that she would like to grow, categorized as developing skills, on the left side of the screen.
As Marie scrolls down, she can see the recommended skills to develop. These are AI-generated skills recommended based on her role in the organization, other skills she already has, skills other people in this type of role would be expected to have, etc. As part of the Dynamic Skills offering, there is an inventory of jobs and skills that knows the relationship between these jobs and skills. That is where the AI pulls from to help Marie build up her profile.
As things change in the organization, recommendations will change. They are based on both the organizational needs and the individual’s profile, so each employee will see different recommendations generated by AI.
Another key aspect of Dynamic Skills is the banner slideshow at the top of the Skills Center with recommended jobs and gigs. In the example, AI has recommended Marie look into the open position of Business Transformation Director, as well as 12 other recommendations based on her skills. She is also a good candidate for certain gigs—such as Assistant Program Leader, Innovation Office—according to her profile and the organization’s openings. These are growth recommendations, driven by the AI matching her skill set to organizational opportunities.
Gigs are short-term, part-time projects or opportunities where the user can participate without changing their assignment. There is no transfer for a gig. The user can meet different people in the organization and build different experiences.
Skills I’m Developing are skills of interest. They are great for gigs or recommended learning. Even if the user isn’t proficient in that skill, they can build the skill be taking a Learning or Gig experience.
The fourth type of Recommendation is a Recommended Career Ambassador. Career Ambassadors are open to sharing what it’s like to be in their role. These are recommended to Marie based on the skills she is developing and the skills she already has.
This type of experience allows an employee to see which roles they may be qualified for and helps them to develop skills for the positions they would like to pursue.
Dynamic Skills is a separate offering that uses the Jobs and Skills inventory. When a candidate applies in Oracle Recruiting, the AI will also recommend skills for the candidate to add to their profile. This is powerful, especially if a candidate is interested in an employer but hasn’t worked for them previously. The candidate may have the required skills but not the organizational verbiage for the skill. The AI will see their resume, understand their skills, and recommend adding the appropriate skills according to the org’s vocabulary.
Cloud HCM’s talent management features are innovative. These modules empower businesses to attract and retain today’s top talent. In our modern business world, that’s one of the most difficult tasks, and Talent Review gives you the competitive edge to find success for your organization. More information on Talent Management in the Cloud, you can check out the webinar recording: Talent Management: What is Cool in Cloud That is Not Delivered in PeopleSoft.
For more resources on Oracle Cloud HCM like this one, check out Quest’s Cloud HCM Content Center.