Oracle Cloud Workforce Management (WFM) is designed to help align business strategy, reduce compliance risk, and grant HR managers and administrators greater control. This is accomplished through a fully integrated HR solution that links time, labor, and leave management with payroll, financial, and personnel data.
Cloud HCM users know the value that Oracle’s Cloud HCM offers and expanding your Human Capital Management capabilities to include Cloud Workforce Management is a worthwhile consideration for any enterprise looking to increase ease and efficiency for time and expense entry. Below, we’ll provide an overview of Oracle’s Cloud Workforce Management and explore the potential benefits Cloud WFM can offer your organization.
What is Oracle Cloud Workforce Management?
Oracle Workforce Management is a software solution that helps organizations streamline and automate the processes that manage workers’ time, absence, and health and safety. An effective workforce management software will encompass all of the activities needed to maintain a productive and cost-effective workforce. Oracle Workforce Management provides a platform in which functional and technical users can complete both routine and non-routine tasks related to their job.
For Human Resources (HR) and Payroll managers, Cloud Workforce Management grants organizations an integrated toolset that automates compliance processing activities so that teams can focus on strategic initiatives and deliver value to other areas of the business. Freeing up manual processing times and eliminating the need to track time by hand can allow HR and Payroll processors to leverage the capabilities of WFM and increase their use of labor modeling and real-time analytics to deliver reports and greater strategic and analytical insights.
Absence Management is an application that allows employees and managers to track and manage employee absenteeism, as well as comply with highly regulated leave laws that are often in place in countries outside the United States. Recently, the U.S. has started to follow suit with state and federal sick leave regulations.
For HR Managers, having an absence management software or application that can keep up with legislative changes can make all the difference. Oracle HCM Absence Management allows you to minimize compliance risk by utilizing global best practices. What’s more, the Absence Management application grants managers the ability to reduce the effects associated with absenteeism, such as increased costs and threats to productivity.
Time and Labor gives organizations clearer visibility and control over their most costly and valuable resource—your people. In particular, Time and Labor reduces compliance risk by ensuring your organization is aligned with local and global labor laws and labor union agreements.
With the ability to customize rules and track asynchronous time and scheduling, Time & Labor helps ensure you and your employees follow labor laws and track time accurately and efficiently. Timekeeping has traditionally been a slow and error-prone process and encouraging employee compliance with your organization’s time entry policies has historically been a struggle. Increasing ease of use for your employees in WFM Time and Labor will help facilitate greater compliance in entering time accurately and on time.
Though Time and Labor doesn’t function as a time collection device (TCD) for employee punches, Cloud Time and Labor will still be able to integrate with Kronos or other systems that provide TCD capabilities.
Workforce Health and Safety is a newer module that offers the ability to record health and safety incidents. Employers can report covid cases, record instances for OSHA (Occupational Safety and Health Administration) and worker’s compensation incidents, and report any on-the-job injuries.
Workforce Health and Safety works to improve the overall safety of your company and workers by simplifying and automating the process of reporting incidents, gathering critical information regarding any incidents or illnesses, and works to reveal the root cause of incidents, to mitigate the chances of a similar incident occurring in future.
What Are the Key Benefits of Cloud Workforce Management?
Beyond solving the day-to-day administrative pain points of HR and Payroll departments, Cloud Workforce Management helps to ensure accurate time data entry for all types of workers with varied schedules. Elire has worked with clients to build rules and solutions for companies with different schedules such as 9/80 scheduling, 4/10 scheduling, alternating and rotating shifts, and alternating week scheduling. WFM is a tool that can be easily integrated with Oracle Cloud Projects as well as used with Financials to give you full and accurate reporting capabilities and utilization abilities. At a glance, here are some of the top five benefits you can expect:
- Easily adapt to changing business needs with WFM, and ensure that local and national laws and regulations are being followed within your organization
- Stay up to date on legislative changes, and easily configure rules and policies across workforce processes to drive consistency and scalability of your HR efforts
- Create a safer workplace and foster a culture of health and accountability
- Reduce health and safety issues with easy-to-use tool to report incidents, near-misses and potential hazards
- Ensure compliance with the near-miss feature and encourage employees and supervisors to learn from any mistakes and ensure that incidents of a similar nature never occur in future
If you’re considering adding Oracle Workforce Management to Cloud HCM, navigating the formulas and requirements to have WFM work optimally for your organization can be challenging. Luckily, Elire is here to help.
Our team of experienced consultants is ready to solve your unique pain points and circumstances to improve your use of Workforce Management and ensure that you’re getting the most out of your software investment. To learn more about how we can help, reach out to [email protected]. In the meantime, view our entire Cloud HCM blog here.
About the Expert:
Aaron Bulthuis is a Managing Consultant II within Elire’s Cloud HCM Practice. Aaron is the lead implementation consultant for Sandia National Laboratories, US Department of Energy. He’s led other successful Oracle Cloud implementations at the US Navy, Idaho National Laboratory, Yum! Brands, ITC, and Springfield Clinic. Prior to consulting, Aaron has 8 years of corporate human resources experience.