AI-powered Dynamic Skills solution in Oracle Cloud HCM allows HR leaders to identify skills gaps and foster career development for employeesAustin, Texas—June 23, 2021
Oracle today announced a new solution to help organizations better understand, manage, and grow the skills of their workforce. Oracle Dynamic Skills, part of Oracle Fusion Cloud Human Capital Management (HCM), gives HR and business leaders the insights needed to ensure they have the right talent both now and in the future by providing a comprehensive view of the skills within their workforce. Powered by artificial intelligence (AI), the new capabilities provide business leaders with an always up-to-date view of their employees’ skills to help attract, develop, and grow the right talent.
The skills employees have and need today are constantly changing. Technology creates the need for new skills almost daily. Employees are expected to develop skills regularly, and because many people describe similar skills with different words or phrases, the pool of potential skills for an organization is essentially endless. Without a system to collect and track this continuously evolving data, it’s difficult for businesses to have an accurate understanding of all the skills within their organization. And without a holistic view of their employees’ skills, business and HR leaders struggle to find the right talent to support their business strategy.
“The shelf life of skills is shrinking and the fight for talent is becoming more competitive every day,” said Yvette Cameron, senior vice president of global product strategy, Oracle Cloud HCM. “Businesses need better insights into the skills of their workforce if they want to compete in today’s rapidly changing climate. With Oracle Cloud HCM, our customers can gain a better understanding of the skills across their workforce, where to focus development efforts, and what new opportunities can be created for the employee and the organization.”
Oracle Dynamic Skills maintains an always-accurate record of skills data within the organization, including job titles, employee capabilities, experience, and strength of skills. A complete view of this data helps HR leaders foster career development, more effectively plan, make better hires, and develop a highly skilled workforce. Delivered with Oracle Cloud HCM, Oracle Dynamic Skills includes:
“Coming out of the pandemic, the talent economy is in a really interesting place. Many people took time during lockdown to reevaluate their career choices and consider new opportunities for growth. This is putting pressure on organizations and HR leaders to double down on both recruitment and retention. But regardless, the foundation of their strategies should be centered around one thing: skills,” said Lisa Rowan, research vice president, HR software & services research at IDC. “Skills are at the core of understanding your talent. Oracle’s new Dynamic Skills offering is designed to help organizations take a more proactive approach to skills, truly harness the power of skills within their workforce, and motivate existing talent to achieve more in their careers.”
See here for more information about Oracle Dynamic Skills: http://www.oracle.com/human-capital-management/skills/
To learn more about Oracle Fusion Cloud HCM, please visit: https://www.oracle.com/human-capital-management
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