Relentless changes in the business climate are impacting every aspect of work, the workplace, and the makeup of the workforce itself. Yet your HR teams are expected to perform at increasingly higher levels even as some sectors of the labor markets move from tight supply and rising wages to job losses, slower hiring, and elevated unemployment.
We are excited to share our “2023 HCM Investment Strategy” document showing how our product development teams have responded. It outlines Oracle Fusion Cloud HCM enhancements and innovations we’re working on to help your HR teams deliver. Read on for a summary of key points and click the “Get more information” button to request a copy.
2023 HCM focus areas
We are focused on helping your HR teams:
- Prepare new leaders: Periods of economic slowdown challenge managers to get more done with fewer resources. A recent Gartner study titled “What Will HR Focus on in 2023?” identified leader and manager effectiveness as the number one priority.
- Understand and develop workforce skills: The quest for talent is increasingly becoming a quest for skills. When faced with difficult headcount decisions, the most successful companies will decouple skills from jobs in order to retain and redeploy the people who can fill critical skills gaps.
- Improve the employee experience: PwC notes in their “26th Annual Global CEO Survey” that keeping workers happy and engaged will be a mission-critical priority despite deteriorating economic conditions.
- Get and keep the best talent: Fortune Magazine identified recruiting and hiring challenges as the number one risk to business in 2023; in every economic environment, the best performers (with the most in-demand skills) make the biggest difference.
- Navigate disruption: According to CFO Magazine, you’ll need digital transformation, new workforce models, and adaptability to navigate upcoming volatility. Technology is key to thriving in the face of change and seizing opportunities to improve efficiency, agility, and growth.
Get the full document
Click the “Learn more” button to request your own copy of our “2023 HCM Investment Strategy” document.
If you’re an Oracle Partner and want to learn more, visit the Oracle Partner Community.