For those exploring the differences between Oracle Cloud HCM and on-prem PeopleSoft HCM, it’s clear that Oracle Cloud HCM offers a comprehensive suite of talent management features that go beyond what is available in on-prem solutions. This post outlines some of these features and their benefits.
In a webinar from Oracle’s Robbin Velayedam, Sr. Director of PeopleSoft for HCM Product Management, and Christine Yokoi, Sr. Director of Product Strategy for Oracle Cloud HCM, the enhancements found in Oracle Cloud HCM’s talent management solution were discussed.
Oracle Cloud HCM offers a complete talent management solution, covering areas such as:
- Talent review
- Succession
- Sourcing
- Recruiting
- Onboarding
- Compensation
- Talent profile
- Career development
- Performance
- Goals
- Opportunity marketplace
- Learning
- My Brand
Key Features Not Available in PeopleSoft HCM
Talent Review & Succession Management
Talent Review and Succession Management in Oracle Cloud HCM provide tools for managers and leaders to assess and evaluate their talent. The system facilitates various actions, including:
- Assessing talent
- Evaluating macro-organizational trends
- Mitigating talent risk
- Taking timely and appropriate actions
- Identifying high-potential and hidden talent to develop a leadership pipeline
- Ensuring top talent is in line for future critical roles
The Talent Review Dashboard in Cloud HCM aids in these reviews by evaluating employee performance, potential, retention, and talent scores.
Oracle Dynamic Skills
Oracle Dynamic Skills is a standout feature that helps organizations leverage employee skills and supports employees in assessing and tracking their own skills. This feature uses AI to:
- Understand the skills within the organization
- Unlock the potential of skills
- Enhance talent utilization
Dynamic Skills enables organizations to detect and understand their unique skill landscape, making it easier to plan, hire, and leverage talent effectively. It also provides AI-powered recommendations for matching skills with people, jobs, and resources.
The Skills Center is a central place where employees can view and develop their skills. It offers AI-driven growth opportunities and customized proficiency levels, helping employees and the organization keep up with the evolving job market.
Opportunity Marketplace and My Brand
Opportunity Marketplace and My Brand are innovative features in Oracle Cloud HCM that are not available in PeopleSoft HCM. Opportunity Marketplace allows employees to explore short-term projects (gigs) that do not require a job transfer, helping them gain diverse experiences within the organization. My Brand enables employees to manage and showcase their professional brand, aiding in career development.
Conclusion
Oracle Cloud HCM’s talent management features provide a modern and comprehensive approach to managing talent. Features like Talent Review, Dynamic Skills, Opportunity Marketplace, and My Brand offer advanced tools and capabilities that are not available in on-prem PeopleSoft HCM. These features empower businesses to attract and retain top talent, giving them a competitive edge in today’s dynamic business environment.
For more information, you can view 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.