In a recent Oracle video, Sherri Bartles, Director of Product Strategy for Oracle HCM Cloud, spoke about what makes Oracle Absence Management unique and different from other solutions on the market.

Product Essentials of Oracle Absence Management

Outside of the United States, Absence and Leave Management have traditionally been highly regulated with compliance that is driven by countries or regions within a given country. Recently, the U.S. has followed suit with federal, state, and even local paid sick leave laws that are popping up everywhere and with little warning. Customers need an Absence Management solution that is present for them and helps them react, within sufficient time, to legislative changes to ensure that they stay compliant.

In the U.S., absences have traditionally been viewed as a benefit, so organizations, especially those with union workers, have had to provide things like the ability to sell vacation hours, donate leave, self-disperse balances, or allow workers to bank their overtime as compensatory time. These types of requirements can’t be handled by Absence Management alone. They require absences to be tightly unified with an organization’s HR, Benefits, Scheduling, Time & Labor, and Payroll systems.

Oracle HCM Cloud Absence Management enables you to manage absences globally and effectively drive a better experience for users. At the same time, it enables you to save on time and costs, minimize compliance risks, and increase productivity. It enables your organization to create global best practices but localize where needed.

Absence tracking can be tailored to the unique needs of your workers by country and by absence type, whether it’s adhering the statutory sick pay in the UK, or FMLA in the U.S. Whether you have basic or complex, paid or unpaid, accrued, or entitled absence plans and eligibility requirements, you can provide a simplified, smart, and tailored user experience for your employees, managers, and administrators.

Oracle HCM Cloud Absence Management provides a wealth of data to your business, especially when partnered with Time & Labor, Payroll, and other HR data. You can reduce direct and indirect costs associated with absenteeism by being able to analyze trends around unplanned absences and where they might have an impact on things like low productivity or high overtime costs.

Best of all is that because Absence Management is unified with Oracle HCM Cloud, you can have this visibility without compromising individual privacy or company policy. Absence Management was built natively in Oracle HCM Cloud, which means it can react in real-time to HR data changes like hires and terminations. It also means that it can use the seniority or tenure rules that you create in HR for use in your eligibility rules, and even eligibility rules can be shared among Benefits and Absences.

Oracle HCM Cloud Absence Management allows you to track absences for your entire workforce, including your contingent workers, all in one global, unified system. It not only gives you insight into the liability costs that are associated with absences, but it also gives you a total insight into the impact of absenteeism on your entire business so you can make changes to gain operational efficiency.