By Editorial Team 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.
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.
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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