Workday HCM Vs Oracle HCM! Choose Which one?

Workday HCM Vs Oracle HCM Which one to choose?

Workday HR & HCM Finding the best HR software is crucial for every enterprise since it is connected with company growth & financial aspects. Connecting all aspects of HR in one software will nullify IT interference, and dependency on third-party applications. Analytics and reports can be taken easily if everything is connected in one place.

A cloud-based HCM called Workday nullified the value of on-premise HR software by Oracle. To meet the trend & compete with cloud-based Workday software, Oracle released HR software on the cloud. Let’s see the features of both Workday and Oracle’s cloud-based HR software.

Workday HCM Vs Oracle HCM Oracle HCM Cloud is built on Oracle’s cloud database. It is powered by an AI-based digital assistant. To meet the current technology & competitors like Workday, Oracle released Oracle HCM on the cloud in 2011. Since it is connected with financial-oriented databases, it gains importance in terms of planning, and decision-making as part of a company. Three modules are there separately.

Talent, Recruiting, and Workforce tools as individual tools help organizations to analyze well. Comparing both Workday HCM & Oracle HCM is difficult to find the best out of these two. Each one is empowered with powerful tools to help the company to function in a better way in almost all terms such as employees’ benefits, access to their details, planning tools, etc.

Talent Management Tools Both Workday & Oracle provide talent management tools but in different ways. Workday comes with talent management tools specifically for measuring employees’ skills, and the growth of an organization.

It spreads the concept of Talent Management tools into different modules Payroll, Recruiting & Employee training. Oracle includes everything such as Recruitment, educating employees, and Compensation under one roof called Talent Management tools.

Workforce The prediction tools of Workday that function based on the total cost of the workforce from origin help leaders design predictive models to utilize the human resources in a better way for the company's growth. It would be more useful in getting approvals in the budget for hiring projects & recruiting models on time using data visualization tools.

Recruiting Compensation modules & performance management tools are connected with Recruiting tools in Workday.

Connection with company financials through compensation strategy tools makes the process of budget approvals & on-boarding new employees in faster mode. Performance management tools track the skills of top performers & help recruiters give importance to such skills while hiring.

Learning Modules

Workday provides learning modules as part of the software with a quiz to track employees’ learning process. Oracle has a separate module dedicatedly for learning purposes. The learning tool of Oracle is customizable also.

Implementation Implementation of both Workday & Oracle software is not as easy as installing any app. It needs certain consultation from experts.

Implementation is tough & complex in both Workday & Oracle. Organizations have to hire a consultant for the same.

Features The Human Resource Management & Succession planning features of both Oracle & Workday are equally good.

Asset management, Payroll management, Onboarding, Leave & Absence management, and Recruiting features of Workday are much better than Oracle.

Performance & goals, Employer self-service, Performance management, and HR Reporting features of Oracle are comparatively better than Workday.

C h oo sin g t he r ig ht HR s oft wa re fo r you r co m pa ny d ep e n ds o n yo u r n e ed s su c h as wh eth e r yo u wa nt fi n a n c i a l s fo r p ay ro ll m a n a ge m e nt & co mp e n sati o n o r yo u want se p a rate fi na nc ia l to ol s. B ot h a re goo d in c e r ta in featu re s. Wo r kd ay i s co st- eff e c ti ve & g re at i n fu n c ti o na l i t y a s we ll . Wo r kd ay se r ve s a ll m ed ium - size d o rga ni zati o n s & m e et s t h e n ee d s of l a rge -sca l e b us in e sse s in an eff ec ti ve way.

We ll-kn own co mp a n i e s su c h a s de l l , N etf l ix , a i r bu s, etc . , A re u si n g wo rkd ay for th e ir wo r kforc e . Wor kd ay is b u il t f ro m sc ratc h by un d e rsta nd in g t h e re q u ire m e nts o f a n H R tea m , u n li ke o ra c le w hi c h is A co m bi n ati on of m u lti p le so ft wa re . Use r-fr i e nd l y & fa ste r u p date s t hat a d a pt to t he c h a n g in g wor ld ’s n ew tec h no l og y kee p wo r kd ay p o p ul a r a mo n g o rga n i zati o ns.

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