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Oracle Strategic Workforce Planning Cloud HCMSWP

Oracle Strategic Workforce Planning Cloud HCMSWP

Oracle Strategic Workforce Planning Cloud (HCMSWP) Introduction:

An addition in Oracle EPBCS offering is HCMSWP, a long-awaited tool to integration planning & budgeting with workforce management. Oracle Strategic Workforce Planning Cloud, a part of the Oracle Fusion Human Capital Management family, translates long-term corporate strategy into execution plans by ensuring that the strategy is supported by the right workforce—the right skill sets and headcount at the right time

Skill Gap Analysis:

A skills gap is the difference between skills that employers want or need and skills their workforce offer. Conducting a skills gap analysis helps you identify the skills you need to meet your business goals. It can also inform your employee development and hiring programs.  There are two ways to fill skills gaps: training and hiring. Decide which approach (or a combination) works best for each skill gap.

  • Train for skill gaps.
  • Hire for skill gaps

Train for skill gaps

Hire for skill gaps

 

Balancing Demand and Supply:

Workforce planning is about forecasting your current and future staffing needs in relation to your strategic business objectives, then addressing matters relating to the supply of labor, for example, are there candidates with the skills you require available?

Balancing Demand and Supply

 

Driver-Based Workforce Demand Modelling

Driver Based Workforce Demand Modelling

 

Demand Forecasting :

Demand forecasting is crucial, as businesses don’t want a surplus of employees who are not being fully and effectively deployed, nor do they want gaps in their employee pool which results in reduced productivity, performance and profitability.

Supply Analysis

Once a business has forecast what it’s future requirements are likely to be, it is then important to determine what number of employees will be needed, with what skills and when. Labour supply may come from within the organization or outside. The first step, therefore, is to do an analysis of the skills currently within the business. If skills are not available internally, then they may need to be sought externally. Once looking for external factors such as availability of skills within the job market will be a major consideration.

Supply Analysis

 

Attrition Analytics and Planning:

Attrition is debilitating for the organizations since they are losing resources that have been trained and are adept at their jobs. To find replacements for the employees who have left and to train them and bring them up to speed entails costs for the organizations

Attrition Analytics and Planning

 

  • Feeling attached to the company and willing to exert extra effort on its behalf
  • Having the tools and resources to be successful
  • Working in an environment that supports one’s health and well-being

Attrition Analytics and Planning

 

Finally, Oracle empowers Oracle planners to manage and track headcount expenses:

  • Analyze, calculate, and report on headcount, salary, bonuses, taxes, and health care expenses
  • Plan for hires, transfers, promotions, terminations, and so on
  • Define country-appropriate taxes and benefits

 

Why BISP Solutions?

 

We are focused on Enterprise performance management, business intelligence, CRM services; application development, Data Migration and support. From managed services and consulting to 24x7 operational support, BISP Solutions has become preferred partner in clients list. BISP's clients include Fortune 100 to mid-sized companies that rely on robust support services that build their revenue-generating data infrastructure.


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