Oracle HCM is an ERP (Enterprise Resource Planning) application that offers technology solutions for Human Capital Management. Oracle HCM Cloud is a set of cloud-based Human Capital Management services offered by Oracle. HCM Cloud is available in more than 200 regions and 25 languages.
According to research firm Gartner, “Cloud human capital management (HCM) suites deliver functionality that helps organizations attract, develop, engage, retain and manage their workforces.” A 2017 study by MIT Technology Review shows that nearly two-thirds of companies are either in the late stages or fully deployed for HR in the cloud.
Oracle HCM offers enterprise-level technology solutions for all users of HR systems that includes employees, managers, and HR professionals to recruiters and job candidates.
The key services listed under Oracle HCM Cloud include
Global Human Resources Cloud: A comprehensive global HR solution to engage the workforce and operations. Includes Human Resources, Workforce Directory, Workforce Predictions, Workforce modeling, Workforce Health
Talent Management Cloud: Looks at the strategic management of talent throughout the talent lifecycle. It includes sourcing and recruiting candidates, goal and performance management, learning and career development, talent review, and succession management.
Workforce Rewards Cloud: Refers to all HR functions that manage any monetary or nonmonetary rewards including compensation, benefits, payroll and sales compensation .
Workforce Management Cloud: Involves all HR functions that are related to positive and negative time management including time and labor, absence management, project portfolio management and expense management.
Worklife Solutions Cloud: Solutions to improve employee engagement with reputation management, wellness tracking, and skill and career development.
HCM Analytics: Set of reporting and analysis tools for gathering business intelligence. Has pre-built dashboards and reports, ability to access HR, recruiting and financial data, analyze current, historical and forward-looking data sets.
In 2018, Gartner named Oracle a leader in the midmarket and large enterprises Cloud HCM segment. Gartner estimates that more than 2,400 customers have purchased Oracle’s Global HR module as of May 2018 (with more than 1,700 estimated to be live).
What is Human Capital Management?
Human Capital Management is a set of practices that aims to transform traditional Human Resource Administrative functions such as
recruiting, training, payroll, compensation, and performance management.
Oracle HCM Cloud: Pricing
Oracle offers HCM cloud as subscription service with per user per month charges. To subscribe customers are required to have a minimum of 1,000 users or employees. Subscription to Global Human Resources product is mandatory to buy other HCM cloud products. For recent updates on pricing please visit Oracle HCM
|Oracle Global Human Resources Cloud||employee / month|
|Global Human Resources||$13.00|
|Human Resources Help Desk||$4.00|
|Workforce Health and Safety Incidents||$2.00|
|Strategic Workforce Planning||$4.00|
|Advanced HCM Controls||$3.00|
|Talent Management Cloud||employee / month|
|Oracle Workforce Rewards Cloud||employee / month|
|Global Human Resources (includes Benefits)||$13.00|
|Worklife Solutions Cloud||employee / month|
|Global Human Resources (includes My Competitions)||$13.00|
|Work Life Solutions||$3.00|
Oracle HCM: On-Premise
Oracle has been offering HCM solutions for on-premise customers for a long time. Products include the following