Oracle Human Capital Management (HCM) applications are the top choices among Asia Pacific organizations according to the Asia Pacific HCM survey conducted by CedarCrestone, a notable US-based Human Resources consultancy.CedarCrestone, which has been conducting its insightful, global HR adoption study since 1997, has for the first time, included Asia Pacific organizations in this year’s survey. Over 270 HR respondents from Asia Pacific organizations representing 2 million employees participated in this survey from across a number of industries including financial services, communications, retail, manufacturing, media, education and health. Oracle’s HCM software suites comprising Oracle’s PeopleSoft Enterprise and the Oracle E-Business Suite emerged as the top two HCM software choices for leading companies. Companies are relying on Oracle HCM applications to automate HR processes, acquire, manage and retain talent, for employee and manager self service, to gather HR-related business intelligence and for better succession and career planning. The study has shown that financial services, high tech, communications, transport and public utilities were the most significant investors in talent management. Within those industries recruiting, compensation and performance management were all consistently linked with the highest revenue growth in companies. According to the survey, Indian organizations are early adopters of talent management applications and Indian companies are among the leaders in the Asia Pacific region in adopting an integrated approach to talent management. According to the survey, organizations in China, Taiwan and Hong Kong are focusing on basic process improvement using of technology and rolling out learning management and performance management systems leading to better evaluations and development of their workforce. According to the survey, organizations in Australia, especially midsize organizations, are spending a large part of their HR man-hours to manage and retain top talent. As a result, integrated talent management is a key focus area for Australian organizations. Technologies that help in learning management are especially popular among the surveyed Australian organizations.
"One of the key findings of our first survey among Asia Pacific companies is the importance of integrated talent management. Those taking an integrated talent management approach (35%) strongly outpace organizations with a multiple vendor solution approach on operating income growth by more than double (44% vs. 17%)," said Alexia Martin, Chief Analyst at CedarCrestone. "Taking an integrated approach has become a best practice.” “A significant number of organizations in the Asia Pacific region utilise Oracle HCM. CedarCrestone’s survey clearly shows that Oracle HCM applications are the leading choices for organizations across various industry segments in the region. Oracle’s pre-integrated software gives today’s HR professionals a flexible and comprehensive methodology to carry workers through the entire employee lifecycle, regardless of the industry, business need or size of the organization,” said Tim Darton, General Manager, HCM Solutions, Oracle Asia Pacific.