Knowledge Hub

Oracle Named a Leader in 2023 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for Eighth Consecutive Year

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on whatsapp

Oracle has announced that it has been named a Leader for the eighth consecutive year in the 2023 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+ Employee Enterprises for Oracle Fusion Cloud Human Capital Management (HCM). Oracle was also placed furthest to the right for overall Completeness of Vision for the sixth consecutive year.

Volatile markets, labor shortages, and elevated employee expectations continue to make it difficult for organizations to adapt, meet customer demands, and attract and retain workers. HR leaders need technology that allows them to keep up with the pace of change, drive business outcomes, and support employee growth. Oracle Cloud HCM, powered by AI and natively built on Oracle’s secure cloud infrastructure, is used by organizations from all industries across the globe to unify their workforce data, streamline HR processes, enhance workforce experience, and improve the way work gets done.

With Oracle Cloud HCM, organizations can:

Boost Productivity with Generative AI

Oracle Cloud HCM is leading the market by rapidly embedding new generative AI solutions for key use cases such as goal creation, performance summaries, and automated job descriptions, with plans to deliver hundreds more use cases in the future.

Deliver Exceptional Employee Experiences

Oracle recently introduced Oracle ME, a complete employee experience platform in Oracle Cloud HCM, to help organizations increase employee engagement and ensure employee success. The award-winning platform includes Oracle Grow, an AI-powered solution that supports learning, skills development, and career mobility, as well as Oracle Celebrate, a first-of-its-kind recognition and rewards offering. Oracle ME enables HR and business leaders to streamline communications across the organization, guide employees through complex tasks, and develop a more supportive and trusted environment at work.

Optimize Workforce to Meet New Demands and Expectations

The recently announced Oracle Workforce Scheduling and Oracle Workforce Labor Optimization capabilities in Oracle Cloud HCM skillfully balance business needs, compliance, and the employee experience by connecting data from across the organization in one native cloud scheduling solution. Part of an AI-driven platform that integrates SCM and ERP data, organizations across all industries can reduce labor costs and optimally automate shift creation.

Accelerate Time to Value for Mid-size Enterprises

Oracle recently introduced Oracle HCM Now, a new prescriptive yet flexible approach for mid-size enterprises to adopt Oracle Cloud HCM. With Oracle HCM Now, mid-size enterprises can reduce implementation cost and complexity while rapidly gaining access to key capabilities as business needs shift.

“The world of work is evolving at an unprecedented rate, from where we work and the tools we use to the skills that are most in demand. To successfully navigate these changes, organizations need a technology partner that can help optimize their workforce, enhance the employee experience, and drive meaningful business value,” said Chris Leone, executive vice president, applications development, Oracle. “We believe that being named a Leader for the eighth consecutive year demonstrates our ongoing commitment to customer success, and our ability to deliver the speed and breadth of innovation our customers need. Oracle Cloud HCM connects every human resource process from hire to retire in one unified platform that enables customers to quickly adapt to changing business and workforce requirements, and thrive.”

Oracle Cloud HCM enables HR and operational professionals to make work more human by improving employee experience in the workplace and connecting every human resource process—including global HR, talent management, workforce management, and payroll. Oracle Cloud HCM is part of Oracle Fusion Cloud Applications Suite, which enables organizations to take advantage of the cloud to break down silos, standardize processes, and manage financial, HR, supply chain, and customer experience data on a single integrated cloud platform.


Leave a comment

Your email address will not be published. Required fields are marked *

Popular Blogs
Related Blogs
Category Cloud

Subscribe to Our Blog

Stay updated with the latest trends in the field of IT

Before you go...

We have more for you! Get latest posts delivered straight to your inbox