Magazine article Workforce Management

Oracle Fulfills Pledge to Keep Peoplesoft Hcm

Magazine article Workforce Management

Oracle Fulfills Pledge to Keep Peoplesoft Hcm

Article excerpt

VERSION 9.0

Plenty of PcoplcSoft clients feared that Oracle's takeover of the company in December 2004 would force them to switch over to Oracle's own human capital management software. Their fears were allayed late last month by the release of PeopleSoft Enterprise Human Capital Management 9.0-the first release since the acquisition.

According to analysts, Oracle's original plan was to get People-Soft's users to migrate to the Oracle HCM. Even the name of Oracle's next-generation product, Fusion, makes clear that the company was hoping to move all its clients onto a common platform. But in response to the unrelenting concerns of PeopleSoft clients, Oracle announced a plan in May called "Applications Unlimited." This was a promise to not only maintain but develop PeopleSoft applications (as well as JD Edwards and Siebel products) for the foreseeable future. The release of PeopleSoft Enterprises Human Capital Management 9.0 is a delivery on that Applications Unlimited promise.

Oracle aimed for three major features in the 9.0 release: improved talrnt manugement, streamlined business processes and ways for customers to extend the value of their investment.

The talent management capabilities revolve around profile management.

"A profile contains information about an employee such as skills, competencies, accreditations and personal career goals-as well as the attributes of a position to enable person-job matching," says Tracy Martin, Oracle's senior director of human capital management product strategy. "It is designed to work across different HR functions so data can be captured and used in recruitment, performance management, training or any other area."

A major challenge with profile databases is keeping them up to date, so PeopleSoft 9.0 enables employees to update their own profiles, according to the company. These profiles give managers easy access to information about the talent in the organization. …

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