The 24C Release, Oracle's most recent Human Capital Management (HCM) update, has brought exciting new developments to the HR technology space. This innovation will completely transform the way companies are managing their human resources.
Let's examine the five main features of this Release that business executives and HR specialists need to be aware of.
What Is Oracle HCM 24C?
Oracle HCM 24C is a quarterly release update for Oracle Fusion Cloud Human Capital Management (HCM). The update introduces new features, enhancements, user-experience improvements, and functional updates across different HCM applications.
Oracle HCM 24C is an updated version of Oracle Fusion Cloud HCM, rather than a completely new HCM product. The release includes changes across multiple functional areas, which allows organizations to adopt new capabilities while also continuing to use their existing Oracle HCM Cloud environment.
Oracle provides separate 24C What's New documentation for different HCM products and functional areas, including Human Resources, Payroll, Time and Labor, Benefits, Compensation, Talent Management, Recruiting, Absence Management, Workforce Scheduling, Employee Experience, and HCM Common. One of the notable themes in 24C is the continued development of the Redwood user experience.
Key Features of Oracle HCM 24C
Oracle HCM 24C brought several enhancements designed to improve HR administration, employee experiences, workforce management, payroll operations, and the overall usability of Oracle Fusion Cloud HCM.
Some of the key features of Oracle HCM 24C are listed below:
Streamlined HR Processes
The goal of the Oracle HCM 24C Release is to streamline and reduce the amount of time spent on HR procedures. HR teams can now concentrate on more strategic tasks as a result of this update's improved automation and decreased administrative load. A more connected workplace is promoted by enhanced user interfaces and notifications, which keep staff members informed and involved. Organizations of all sizes are able to handle repetitive chores like creating and sending pay notifications and save time, money, and effort just by using these automated HR processes.
Enhanced Global Human Resources Features
Oracle's 24C Release includes a number of newly developed Visual Builder Studio (VBS) pages. These consist of Legislative Data Groups, Disability Organizations, Cancel Work Relationships, Terminate Employment, Resignation, and Enterprise HCM Information. Additionally, the update includes Responsive configurations that are now compatible with Redwood for Employment Details. These improvements offer a more complete and intuitive experience for managing human resources globally and meeting the varying needs of organizations in various geographical locations.
Improved Core HR Functionality
The core HR functions have been significantly improved with the 24C Release. Self-service now allows non-workers and their representatives to view each other, as well as HR representatives and line managers. A number of HCM procedures, such as Refresh Representatives Data and Approvals, have been updated to include non-workers. Additionally, Oracle has relaxed the delivered validations on Person Name Styles that improve system-wide data accuracy and guarantee that managers can have greater flexibility in managing personnel data.
Advanced Payroll Management
In the 24C Release, payroll management receives significant improvements. To ensure data accuracy and compliance, the system now automatically removes time entries in the payroll application that are dated after an employee's termination.
Furthermore, the upgrade enhances the visibility of distributed element names in the subledger accounting process results such as employer expenses on salary cost lines. Due to this, organizations can handle payroll procedures with more control and transparency, which aids in better financial management.
Enhanced Talent Management Capabilities
Exciting updates to talent management features are available with the 24C Release. More detailed information from the Skills Center is made available through the integration of skill chips into discussion topics during Redwood Performance or Touchpoints check-ins, facilitating more insightful performance discussions.
Comprehensive goal visibility is another new feature of the update that lets users see a worker's performance or development goal and all the details that go with it in a performance document. These upgrades are in line with a more comprehensive approach to personnel management and employee development.
What's New in Oracle HCM 24C?
The 24C version of Oracle HCM introduces new features and enhancements across Oracle Fusion Cloud Human Management. The release focuses on improving HR administration, modernizing the user experience through Redwood, and expanding employee and manager self-service.
Some of the new capabilities of Oracle HCM 24C are listed below:
Human Resources and Global HR Enhancements
Oracle HCM 24C introduced enhancements to the core Human Resources and Global HR processes. The version includes improvements to person search, employment processes, document records, Journeys, work patterns, and Redwood HR experiences.
Major Redwood Experiences
A major theme of Oracle HCM 24C was the continued expansion of Redwood user experience across HCM. The Redwood updates appeared in multiple areas of the platform, including Human Resources, Payroll, Compensation, Time and Labor, and other HCM functions.
Payroll Improvement
Oracle Fusion Cloud Payroll received its own set of 24C enhancements. The payroll changes are particularly essential for organizations, as functionality can vary by country or legislative requirements. Oracle also provides dedicated Payroll 24C documentation rather than treating payroll as a single global feature set.
Time and Labor Enhancements
Oracle introduced enhancements around Time Cards, Redwood Time Cards statuses, approvals, deletion capabilities, and integrations with other workforce-management functionality.
Benefits and Compensation Updates
Oracle HCM 24C includes enhancements to Benefits and Compensation. These updates include improvements to employee and manager experiences and the continued adoption of Redwood interfaces. The Benefits release also included new Redwood self-service experiences.
Apart from these, Oracle HCM 24C also introduces key features across Employee Experience, Talent, Recruiting, Learning, Absence Management, and Workforce Scheduling.
Conclusion
A notable advancement in HR technology is the Oracle HCM 24C Release. Within this update, the HR department can have a comprehensive solution for contemporary challenges by optimizing payroll management, boosting talent management capabilities, and improving core functionality. Not only but also can streamline the working processes, and enhance global HR features.
Opkey test automation makes Oracle Cloud 24C update transitions smooth. With its large library of more than 7,000 pre-built Oracle Cloud test cases, you can have effective onboarding procedures from this platform. As a certified Oracle partner, Opkey provides thorough advisory documentation outlining planned changes prior to updates.
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Frequently Asked Questions
Yes, if an organization needs information about the features, changes, implementation considerations, or release history associated specifically with 24C.
Oracle provides product-specific What's New and release-readiness documentation for HCM 24C.
Oracle Cloud HCM customers receive quarterly updates as part of Oracle's cloud release model.
Time and Labor 24C included enhancements to Redwood Time Cards, Time Card statuses, approvals, deletion capabilities, Employee Calendar integration, and Workforce Scheduling integration.
