11/09/2024 | Press release | Distributed by Public on 11/09/2024 19:54
Oracle today announced a new open skills architecture within Oracle Dynamic Skills that helps organizations to develop, curate, and execute an enterprise-wide skills-based talent strategy. Part of Oracle Fusion Cloud Human Capital Management (HCM), Oracle Dynamic Skills helps organizations-regardless of where they are on their skills journey-better understand and leverage the skills of their employees, expand access to talent, and make smarter workforce decisions.
"Skills are quickly becoming the primary metric to understanding the capabilities of an organization. Having a skills-based talent strategy can help an organization uncover critical work and workforce insights, tap into more diverse talent, and maximize performance. But many organizations don't know where to start in their skills journey," said Yvette Cameron, senior vice president, global product strategy, Oracle Cloud HCM. "With Oracle Dynamic Skills, we are making it easy for our customers to manage their skills data-whether they are just getting started on their skills journey or looking to enhance their existing skills data. By providing the intelligence, applications, and architecture, we enable our customers to better align their skills with business priorities, optimize their workforce, and future-proof their organization in a rapidly evolving job market."
Oracle Dynamic Skills enables organizations to manage skills data at its core, alongside its work and people data, for improved insights and data-driven decisions. With a complete view of skills woven into processes across the enterprise, an organization can optimize its workforce performance by making better internal hires, fostering career development, enhancing planning and budgeting, improving skills-based scheduling, and developing highly skilled employees aligned with business needs. The new open skills architecture within Oracle Dynamic Skills includes:
"Building a strong skills foundation is a top priority for us at Navy Federal Credit Union. As the way we work - and the skills needed to do so - continues to rapidly evolve, it's important that we have visibility into our organization's skills so that we can easily identify specific skills needs, maximize workforce performance, and continue delivering exceptional service to our members," said Kandi Thomas, senior technical program manager, Navy Federal Credit Union. "With Oracle Dynamic Skills, we'll be able to better understand and leverage the skills of our organization, gain critical workforce insights, and make more informed talent decisions. We are eager to take advantage of the new capabilities being introduced."
Built for the cloud, Oracle Cloud HCM is a complete solution connecting every human resource process from hire to retire across an organization with a native employee experience platform and embedded AI capabilities. By connecting all employee data on a single platform, HR teams have access to a single source of truth to help inform their people strategy. In addition, embedded AI acts as an advisor to help analyze workforce data, generate content, and augment or automate processes to help improve business operations.
To learn more about Oracle Cloud HCM, please visit: oracle.com/human-capital-management.