By Anshul Gupta, Director – Projects, and Aashima Sethi, Sr. Manager – Projects, Oracle HCM Cloud Practice, Cognizant Technology Solutions

The role of HR in an enterprise organization has evolved from transactional functions, like hiring and firing, to become a strategic business function that oversees the most valuable asset of an organization—the employees.  When the company has the right talent and robust HR practices that help to engage employees, the company can propel forward toward exponential business growth, especially if it is about expanding in new growth markets or mergers and acquisition.

Employee engagement is a key element for a thriving workforce and essential for a company’s success.  Engagement describes how invested and passionate employees are in their jobs.  Here are some recent statistics to consider:

Happy employees typically lead to happy customers.  But that begs the question, how can HR leadership teams in large organizations create an environment for positive employee experience that can lead to high engagement and rapid business growth?  The answer: focus on the hire-to-retire lifecycle.

Given the breadth of the hire-to-retire lifecycle, HR teams now play a much bigger and strategic business role in any enterprise organization.  With that role comes these responsibilities:

  • Hiring employees that are the right fit for organizational culture.
  • Fostering an environment that makes employees feel trusted, valued, and appreciated.
  • Consulting with managers to make sure they have the right skillsets to accomplish their projects and goals.
  • Offering employees opportunities for skill development and career growth.
  • Creating a supportive environment where managers and employees feel empowered to make decisions in the best interest of the company.
  • Providing the leadership team with the real-time information related to aspects including people, headcount, and turnover that’s easy to access and interpret for making insightful business decisions.

Employee engagement and happiness is key to maximizing organizational HR.

Oracle HCM Cloud Offers the Hire-to-Retire Functionality for the Modern Digital Enterprise
If these responsibilities seem like a tall order, they are not.  The key to reshape your approach to HR and to deliver on these strategies is technology.  Enterprise organizations need an intelligent and innovative HR application suite like Oracle HCM Cloud that offers hire-to-retire capabilities, including:

  • Core HR—With a holistic standardized, fully integrated HR solution, you can engage your workforce and optimize operations.
  • Work-life Solutions—Helps you drive higher employee engagement and productivity through an innovative technology and advanced employee engagement features like wellness programs, friendly competitions, volunteering opportunities, employee reputation management and much more.
  • Workforce Management and Workforce Optimization—Providing streamlined functionality, you can reduce the administrative burden on your HR team and business line managers so they can focus on strategic initiatives.
  • Workforce Rewards—You can recognize top achievers on many different metrics and motivate employees to strive for excellence in themselves and the company.
  • Workforce Analytics—It’s a dashboard that provides a complete view of workforce data, for individual employees and an aggregate of company personnel, as well as robust analytics and trending data.  At the click of a button, your management team can make informed decisions about people, related costs, turnover, new initiatives, opportunities, and the like.
  • Workforce Development and Workforce Help Desk Services—With Oracle’s intuitive, intelligent suite of self-service tools, you can empower employees and line managers to accomplish HR tasks, take ownership of their careers and reach out to the HR team in a way that can be tracked properly.
  • Modern Cloud Capabilities—Oracle HCM Cloud provides robust functionality that is available on any device from anywhere, offers collaborative and social capabilities, is compliant with local regulations around the world, can easily integrate with third-party systems, includes AI-powered innovations to enhance the hiring and employee experience, and is secure to give personnel, managers, and company leadership peace-of-mind.

Customer Examples
The proof always lies with customers, and Cognizant has helped these companies implement Oracle HCM Cloud to achieve specific HR goals. Some success stories include: 

  • A U.K.-based communications and media company migrated to Oracle HCM Cloud and integrated the system with Hyperion to get a single, transparent view of its workforce.  With access to basic headcount, cost data, and insightful skillset data, the company has set the stage for business growth.
  • A global technology company in the U.S. deployed the Workforce Analytics functionality in Oracle HCM Cloud to provide real-time reports, analytics, dashboards, and infolets to their corporate and regional leadership teams to help improve decision-making.
  • A global consumer goods company based in Europe released mobile HR functionality to its remote field workers, enabling the field supervisors to oversee the HR needs of their teams and allowing employees to manage their HR data, all while on-the-go.

For More Information
To engage your employees better and enhance your customers delight, get started on your hire-to-retire initiative with Cognizant and Oracle HCM Cloud. Click here to learn more about our Oracle Cloud practice, read customer case studies, and view videos about our services.