Talent at the heart of Kotak Mahindra Bank

Oracle Talent Management Cloud drives Kotak Mahindra Bank’s strategy towards accelerated business performance

Kotak Mahindra Bank is one of India's leading private sector banks with more than 50,000 employees across different entities. Driven to accelerate its business performance, Kotak embarked on its HR transformation journey, implementing Oracle Fusion Cloud HCM suite of products. This includes Core Human Resources, Onboarding, Benefits, Absence Management, Workforce Directory, Workforce Health and Safety, Recruiting, Compensation and Learning.

The Move to Cloud

In 2014, Kotak Mahindra Bank kick started its first foray onto Oracle Fusion Cloud HCM with the Core Human Resources module. With its sights set on digitizing their performance review process and integrating it with the rest of the HCM Cloud products, the apparent next step was to get on boarded on Oracle HCM Talent Management Cloud.

Three main areas which Kotak Mahindra Bank intended to achieve were:

• Reduce manual overhead involved during performance review processes
• Better user experience for its systems
• Gain deeper insight into how to attract and retain talent

Understanding how Oracle Cloud solutions work and combining that with the needs of Kotak Mahindra Bank, Oracle Consulting proved to be the delivery partner for the job.

Putting People First

Delivering the Talent Management Cloud in just 4 months, Kotak Mahindra Bank will now be able to realize its goal of leveraging the power of the complete HCM suite to deliver deep insights and easy access to information about talent. Operational excellence can now be attained, with marked benefits in its new and improved platform.

• Digitized performance review process
• Modern and friction-less user interface
• Fully mobile responsive experience
• Gaining actionable insights into organizational talent
• A state-of-the-art platform for employee development

With the ongoing Covid-19 situation worldwide, this project represents a massive collaborative effort by the entire Oracle Consulting team. End-to-end implementation was managed through 100% remote delivery, ensuring more than 50,000 users can now flawlessly use the platform for everyday work demands.

“Having Oracle Consulting at every step of our journey has made the transition smooth, despite the challenges of having to work remotely.” - says Sukhjit Pasricha, President and Group CHRO of Kotak Mahindra Bank

Looking Ahead

Oracle Talent Management Cloud is the answer to how an organization can step up in its strategic HR planning and practices, ultimately improving its efficiency and productivity. Oracle Consulting helps bring real-life solutions to modern day organizational needs. With an integrated Oracle Fusion HCM Cloud suite, Kotak Mahindra Bank is poised to efficiently tackle future business needs with its newly digitized HR system. 

To view the Kotak Bank digital transformation story, please click here.

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