Oracle
Why Oracle Cloud HCM?
To help make Å·ÃÀÈý¼¶Æ¬ a great place to work, we need to make HR simple and easy for everyone. By adopting Oracle Cloud HCM's standardized, consistent processes across HR, leadership can make better decisions that will reduce cost (e.g., less hours burned tracking forms down across different systems) and grow our people by utilizing their full talent stack (rather than sticking them with manual tasks).
Oracle is a cloud-based HCM (Human Capital Management) solution that provides unified data in a single source of truth across all HR processes (core, payroll, talent, etc.). Standard and consistent processes will facilitate clean and accurate data across the organization, including the following:
- Cleaner external reporting
- Cleaner integrations
- Extensive library of delivered reports
- Data analytics capabilities
- Reduced costs on maintaining and updating on-premise HCM systems
KEY BENEFIT DRIVERS
Improved Employee Productivity on HR Tasks (FTE)
Benefit KPI: Hours per week employees spend on HR tasks
Å·ÃÀÈý¼¶Æ¬ Baseline: 2.0
Improvement esitimates:
10% Improvement (conservative)
15% Improvement (likely)
20% Improvement (optimistic)
Key Assumptions: Improvement based on Oracle’s experience with similar customers
Reduced Voluntary Employee Turnover (Costs)
Benefit KPI: Employee voluntary turnover rate (%)
Å·ÃÀÈý¼¶Æ¬ Baseline: 21%
Improvement estimates:
4% improvement (conservative)
7% Improvement (likely)
10% Improvement (optimistic)
Key Assumptions: Oracle HCM customers experience an average improvement in retention of 16%
Benefit: Reduced Payroll Leakage (Costs)
Benefit KPI: Reduce payroll leakage (1% of total payroll)
Å·ÃÀÈý¼¶Æ¬ Baseline: 1B
Improvement Estimates:
15% improvement (conservative)
20% Improvement (likely)
25% Improvement (optimistic)
Key Assumptions: Estimated Reduction
Improved Manager Productivity on HR Tasks (FTE)
Benefit KPI: Hours per week managers spend on HR tasks
Å·ÃÀÈý¼¶Æ¬ Baseline: 5.0
Improvement Estimates:
10% improvement (conservative)
15% Improvement (likely)
20% Improvement (optimistic)
Key Assumptions: Improvement based on Oracle’s experience with similar customers
Benefit: Reduced Overtime Usage(Costs)
Benefit KPI: Annual costs for overtime($)
Å·ÃÀÈý¼¶Æ¬ Baseline: $19.8M
Improvement Estimates:
4% improvement (conservative)
7% Improvement (likely)
10% Improvement (optimistic)
Key Assumptions: Improvement based on Oracle’s experience with similar customers
Eliminate Legacy/Other Applications Support (Costs)
Benefit KPI: Reduction in Legacy applications support costs (%)
Å·ÃÀÈý¼¶Æ¬ Baseline: $.3M
Improvement Estimates:
100% improvement (conservative)
100% Improvement (likely)
100% Improvement (optimistic)
Key Assumptions: Legacy systems will be eliminated