Back to the main page
Oracle’s Larry Ellison and Mark Hurd Join Forces to Demonstrate the Importance of HCM
Oracle HCM World 2014 continues to make headlines as leading analyst firms and industry publications appraise not only the overarching message of the inaugural event but also the messengers. The reason: this marked the first time that Oracle CEO Larry Ellison and Oracle President Mark Hurd joined forces at the event to demonstrate Oracle’s expanded support for this critical line of business.
Their presentations and free-form question-and-answer sessions with attendees underscored the importance of human capital management (HCM) for modern enterprises, as well as Oracle’s commitment to helping business managers succeed in this area. “Oracle is changing the conversations it is having with human resource leaders,” says Bertrand Dussert, Oracle’s vice president, HCM transformation and thought leadership, who also participated in the conference. He noted that Oracle tailored the event not for Chief Information Officers but for Chief Human Resources Officers (CHROs) and other senior Human Resources executives, whom he describes as business leaders who guide people functions. “CHROs are stepping up to become key drivers of revenue in their companies,” he says.
Ellison: “Take Care of Your People”
In his Oracle HCM World address Ellison described the need to attract top talent as a critical requirement for modern enterprises. “I would say it’s simply the difference between winning and losing,” he said. “You can’t run a successful business or successful government agency without taking care of your own people.”
Hurd echoed this reality. “Businesses need three things to thrive: a strategy, an operating model that executes on the strategy, and the best people in the world to run the operating model,” he said. “If you get the best people in the world to work for you, great things will happen.”
Oracle executives also singled out the growing importance of social media, both as fuel for internal collaboration among diverse workgroups and for closer relationships with customers. “The social network is the paradigm of the modern service application,” Ellison said.
The Latest Tools
At Oracle HCM World, Oracle showcased the latest capabilities for helping CHROs transform their departments. For example, significant upgrades to Oracle Human Capital Management Cloud will provide new mobile capabilities, additional advanced analytics, and user-experience improvements.
In addition, Oracle announced the availability of Oracle’s PeopleSoft In-Memory Labor Rules and Monitoring, a new in-memory application developed to help organizations more effectively manage labor costs and policy rules.
View recordings of presentations from Oracle HCM World and learn about Oracle’s full portfolio of cloud-delivered solutions for human capital management.