Oracle has announced a new solution to help organisations better understand, manage, and grow the skills of their workforce. Oracle Dynamic Skills, part of Oracle Fusion Cloud Human Capital Management (HCM), gives HR and business leaders the insights needed to ensure they have the right talent both now and in the future by providing a comprehensive view of the skills within their workforce.
Powered by artificial intelligence (AI), the new capabilities provide business leaders with an always up-to-date view of their employees’ skills to help attract, develop, and grow the right talent.
The skills employees have and need today are constantly changing. Technology creates the need for new skills almost daily. Employees are expected to develop skills regularly, and because many people describe similar skills with different words or phrases, the pool of potential skills for an organisation is essentially endless. Without a system to collect and track this continuously evolving data, it’s difficult for businesses to have an accurate understanding of all the skills within their organisation. And without a holistic view of their employees’ skills, business and HR leaders struggle to find the right talent to support their business strategy.
“The shelf life of skills is shrinking and the fight for talent is becoming more competitive every day,” said Yvette Cameron, Senior Vice President of Global Product Strategy, Oracle Cloud HCM. “Businesses need better insights into the skills of their workforce if they want to compete in today’s rapidly changing climate. With Oracle Cloud HCM, our customers can gain a better understanding of the skills across their workforce, where to focus development efforts, and what new opportunities can be created for the employee and the organisation.”
Oracle Dynamic Skills maintains an always-accurate record of skills data within the organisation, including job titles, employee capabilities, experience, and strength of skills. A complete view of this data helps HR leaders foster career development, more effectively plan, make better hires, and develop a highly skilled workforce. Delivered with Oracle Cloud HCM, Oracle Dynamic Skills includes:
- Skills Nexus:A continually updated database of record that provides organisations with a comprehensive view of employee skills across their workforce. This helps HR and business leaders better understand the skills of their workforce, where gaps exist, and which skills need to be developed or acquired. Skills Nexus takes publicly available data on skills, qualifications, and occupations from around the world, combines it with similar information from within the organisation, and uses AI to make it easy for organisations to assign skills to roles.
- Skills Advisor:A powerful recommendation engine that uses AI to recommend what skills employees should learn, what skills organisations should hire for in specific roles, and which candidates have the right skills for open positions. This helps HR leaders develop their workforce by finding the right talent to support their business needs. Skills Advisor also helps employees by using insights from Skills Nexus to deliver recommendations throughout HR processes.
- Skills Center: A personalized portal for employees to update their skills, find new roles, and engage in learning resources. By making it easy for employees to track progress towards career goals and take action to further professional development, Skill Center helps organisations increase employee engagement and the skills of their workforce. It uses data from
