Oracle HCM Cloud
Building your HR Action Plan
See below for a step-by-step guide to revamping your HR.
- Identify what changes customers are demanding of your business.
- Evaluate different staffing options to meet those demands.
- Probe job candidates’ views on the pros and cons of working for you.
- Create an action plan for the evolution of the organization.
- Determine talent needs for the next three to five years.
- Compare those needs with candidates in the recruiting pipeline.
- Identify how to better attract the right types of candidates.
- Look at how long top performers stay with the firm.
- Analyze whether factors like more compensation or promotions make a difference.
- Incorporate retention efforts into the ongoing corporate agenda.
- Outline changes that would improve retention of your best employees.
- Evaluate your preparedness for future regulatory changes.
- Determine whether existing systems and processes are agile enough.
- List and socialize action items to reach more efficient global compliance.
- Identify manual processes and siloed communications in core HR and recruiting.
- Examine how automation, social collaboration, and AI could reduce resource requirements.
- Estimate total cost of ownership (TCO) savings of moving the HR technology infrastructure from capital expenditures to an operating expense payment model.