One year ago, Oracle’s Chris Leone took the stage at HCM World 2015 to unveil one of the newest Oracle HCM Cloud applications, the Oracle Learning Cloud. Later in the year, we heard from Deloitte’s Michael Stephan at Oracle OpenWorld on the rise of the new culture for human capital management, the “culture of digital.” This new digital culture is forcing companies to rethink HR for evolving employee expectations brought on by innovative consumer experiences.
As we approach this year’s HCM World this week, let’s recap what we learned last year, as written by David F. Carr:
The nature of learning and training is changing in an era when YouTube is how most consumers learn new things, Stephan said. Corporate training needs to lean more toward video and on-demand learning as well. At the same time, employee performance improvement programs must shift toward more frequent feedback, he said.
Many organizations are timid about engaging at the level of social media and social collaboration, imagining too much that could go wrong, he said. “But the sooner you get there, the more engaged the culture will be with opportunities to learn and develop.” Millennials, soon to represent more than 50 percent of the US workforce, “want a stronger connection to the mission of the organization,” Stephan said. Though sometimes derided for a sense of entitlement, what they really want is empowerment, he said. Organizations that want to retain talent are going to have to think about how to keep them engaged and connected to a purpose. Read more.