New Oracle Cloud HCM employee recognition and
rewards capabilities help HR leaders cultivate a strong company
culture and drive employee engagement
LAS
VEGAS, Sept. 20, 2023 /PRNewswire/ -- Oracle
CloudWorld -- Oracle has added new employee recognition and
rewards capabilities to Oracle ME, the employee experience platform
within Oracle Fusion Cloud Human Capital Management (HCM). The
latest updates include Oracle Celebrate, a first-of-its-kind
recognition and rewards offering that helps organizations boost
performance, engagement, and retention by providing the workforce
insights and capabilities needed to deliver a more personalized,
meaningful experience for employees.
"Employees are the foundation of any successful organization,
and leaders need to ensure that their people feel celebrated and
valued or risk losing both talent and productivity," said
Yvette Cameron, senior vice
president, product strategy, Oracle Cloud HCM. "With Oracle
Celebrate, organizations can now leverage a complete, unified
employee experience platform that aligns recognition with company
values to cultivate a culture of appreciation and recognition,
while encouraging more impactful peer-to-peer interactions. These
new capabilities make employee recognition easy, meaningful, and
inclusive while empowering HR and business leaders to prioritize
employee appreciation, boost engagement, and motivate their
workforce."
Oracle Celebrate is natively built in Oracle ME, part of Oracle
Cloud HCM. This helps HR and business leaders tailor recognition
programs to organizational values, naturally embed peer-to-peer
recognition in daily workflows, and connect data across the entire
employee experience platform to truly understand what is working
and what isn't among their workforce. Oracle Celebrate
includes:
- Peer-to-peer recognition: Enables employees and leaders
to acknowledge coworkers across the organization when and where it
matters most with real-time, contextual, and personal recognition
tied to business values. This capability uniquely embeds peer
recognition into an employee's daily routine and flow of work, such
as weekly pulse surveys, emails, or instant messenger.
- Generative AI assistant: Enables employees to strengthen
peer-to-peer recognition by generating recommended improvements to
their submissions. This helps employees quickly create more
impactful notes of recognition for their peers across the
organization.
- Nomination and event-based awards: Enables employees to
recognize their peers for milestone events, such as work
anniversaries and promotions, or for nominations made by peers and
managers, such as employee of the month. These features are
triggered by updates to employee profiles in Oracle Cloud HCM and
encourage workers to recognize peer accomplishments and key moments
that matter.
- Redeemable points: Enables employees to earn points when
they are recognized for their efforts by team members. This allows
employees to redeem their accrued points for rewards that their
organization has created and integrated into the system.
- Recognition insights dashboard: Enables managers to
understand and act on insights that detail what their team is being
most recognized for, identify their top contributors, and highlight
individuals who may require more attention and support. This allows
organizations to help ensure that their entire workforce is
recognized for their contributions.
- Real-time recognition and engagement data: Enables
organizations to continuously monitor and update recognition
programs with timely and accurate data. This helps administrators
measure the effectiveness of recognition and rewards programs by
tracking engagement across the entire organization, business
groups, and teams, and correlate recognition efforts with business
impact such as attrition, engagement, and productivity.
- Recognition-based social feed: Enables employers to
create a real-time stream of organization and team-wide shoutouts
and awards. This helps promote camaraderie and provide visibility
into daily efforts, shoutouts, and accolades that often go
unnoticed.
"The applications and value of recognition are expanding and
evolving as organizations rethink how they connect into and uplevel
employee success," said Zachary
Chertok, research manager for employee experience, IDC,
"Building an ecosystem for recognition helps source the roots of
achievement, moving the needle on best practices as success
happens, stimulating cultural acceptance around process innovation,
and building belonging through community acknowledgement and
appreciation."
"I think I speak for a lot of organizations when I say it's
difficult to create a simple system to ensure employees are
receiving the praise and recognition they deserve. This has been a
big gap in the HR software market, especially as we all know a
strong sense of value and accomplishment is critical to driving
employee engagement and workforce efficiency," said Ushaan
Abeywickrema, director of human resources, MAS Capital. "We are
excited about Oracle Celebrate and its potential to introduce
innovative capabilities that revolutionize how we personalize the
employee journey. We are hopeful that Oracle Celebrate will help us
easily acknowledge the dedication and hard work of our team members
all the while reinforcing our commitment to our organizational
culture and productivity. We believe that by being recognized for
their contributions, our employees will feel more seen, supported,
and empowered to be their best selves and deliver their best
work."
Natively built for the cloud, Oracle Cloud HCM is a complete
solution connecting every HR process from hire to retire across the
enterprise with a native employee experience platform. By
connecting all employee data on a single platform, HR teams have
access to a single source of truth to help inform their people
strategy. Built-in AI acts as an advisor to help analyze workforce
data and surface recommendations to help HR teams improve business
operations.
To learn more about Oracle Cloud HCM, please visit:
oracle.com/human-capital-management
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this article relating to Oracle's future plans, expectations,
beliefs, and intentions are "forward-looking statements" and are
subject to material risks and uncertainties. Many factors could
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cause actual results to differ materially. A discussion of such
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including Oracle's most recent reports on Form 10-K and Form 10-Q
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current as of September 20, 2023 and
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SOURCE Oracle