More than 40% of organizations are looking to improve or develop a new strategy for enterprise HR systems this year, according to the results of a recently released survey from Sierra-Cedar. The 19th annual survey, which includes input from more than 1,500 organizations, annually tracks the adoption, deployment approaches, and value achieved from HR technologies.
Business leaders are increasingly aware of how enterprise HR systems can positively affect their business strategy, culture, and technology adoption, and their expectations for these systems continue to expand. We regularly work to improve and evolve our Oracle Human Capital Management products—and it’s gratifying to see that our system is prepared to meet the changing needs of HR leaders.
The world continues to become more connected and integrated through technology, and many HR leaders are at the forefront of this trend. For instance, executives responding to the research survey said some of their top priorities at the moment include the following:
More than ever, employers are looking to integrate other organizational systems with their cloud-based HR system. According to Sierra-Cedar, organizations are 25% more likely to explore non-HR cloud deployments this year.
Fortunately for our users, Oracle’s cloud technologies are even more useful when they unify HCM and enterprise resource planning (ERP). For example, by unifying HR and financial analytics, you can align all levels of your organization and deliver cross-functional reporting; this allows all users to access the information they need with a modern, familiar, consumer-like interface. With a common technology framework being used across the organization, all departments share the same standards for integration, security, social, analytics, and mobile use.
At Oracle, user experience (UX) is part of our DNA. Our product’s user interface is easy to use because it’s similar to the consumer devices that people use in other aspects of their lives.
Looking ahead, Oracle is working with new technologies such as wearables to continually improve our UX. Every day at Oracle headquarters, technologists in our cloud UX lab explore new technologies to discover and develop the user experience of the future.
Using technology once meant sitting down at a desktop computer. But today, we use more types of technology naturally and constantly, from the fitness tracker on our wrist to the home security system connected to our smartphone. The next generation of technology is being designed to inform our decisions and simplify our activities, and to be invisible and ubiquitous in our lives.
It shouldn’t be surprising to discover that more than 5% of organizations are already using machine-learning wearables and sentiment analysis tools as strategic components of their HR systems strategies, according to Sierra-Cedar. And Oracle HCM is ahead of the curve: We are exploring the capabilities of integrating with smart watches, such as the Apple Watch to allow workers in the field to track their hours based on geolocation.
Voice recognition technology is being explored as well. For instance, users can ask their devices, “How many hours of vacation time do I have available?” or use voice commands such as, “Update my benefits plan to include my new baby.”
HR technology is a clear differentiator and advantage for midmarket companies, according to the respondents to the Sierra-Cedar survey. For example, midmarket companies with high rates of adopting HR technology see greater revenue per employee and better business outcomes, and they’re 75% more likely to be viewed as strategic partners by their business leaders.
Midsize companies report multiple benefits from implementing Oracle HCM, including complete hire-to-retire management capabilities and access to real-time business insights and analytics. And with access to the data-based insights that are critical for informing business decisions, HR leaders in midsize companies find that they can more easily earn a seat at the executive table.
As HR leaders continue to demand enterprise technology systems with greater capabilities and strategic implications, Oracle HCM Cloud continues to deliver. Learn more about what Oracle HCM Cloud can do for your organization.