Upgrades include a Contingent Labor Management module and enhancements to the existing Performance Management module.
At a human resources technology summit tomorrow Oracle Corp., of Redwood Shores, Calif., will announce new and upgraded software.
The two main upgrades to Oracle HRMS suite include a Contingent Labor Management module and enhancements to the existing Performance Management module.
Until now Oracles human resources applications have been focused on tracking and managing a companys employees, despite the fact that contract labor is often a substantial component of a companys workforce.
What CLM does is enable a company to handle contract employees from a human resources versus a procurement perspective.
While Oracles HRMS suite has traditionally held the ability to store contractor informationsupplier identification, rate of pay and project involved with, for exampleit did not provide an understating of the data around that. Nor was that information integrated into the supervisory chain.
The CLM module integrates all that contractor information into the HRMS suite and provides the same capabilities for contract workers as it does for employees, officials said.
For example, the CLM module enables self-service for those transactions that make sense, such as records input or time capturing. At the same time the module enables the corporate governance of contingent workers, so when a contractor is let go, for instance, the same path is taken as when an employee is released from employment: access is limited.
Separately, enhancements to the Performance Management module include integration with learning, compensation and project/skills management capabilities.
In other words, if a contractor is up for a position as a manager but lacks the necessary communication skills, the upgraded PM module can search for the appropriate skills training course, enroll the contractor, monitor his or her progress in the course and update their skill set once the course is complete.