Oracle aims to improve retention rates and enhance employee experience
Oracle has announced a new platform that seeks to enhance employee experience and improve retention for organisations.
The platform, called Oracle ME, enables HR and business leaders to improve employees' productivity, streamline communications across the organisation, and establish a more supportive and trusted environment at work.
"Employees want to feel heard, empowered, and part of a culture they believe in. To meet these expectations, organisations need to step up and design experiences that meet the unique needs of their talent – or risk losing them to competitors that do," said Yvette Cameron, senior vice president of global product strategy, Oracle Cloud HCM.
"Oracle ME is all about converging workers' information, critical insights, workflows, and preferences with a technology-enabled solution to give each individual something they can call 'my experience,'" added Cameron.
According to Oracle, its new platform also provides guidance on improving workplace relationships and a space for employees to provide continuous feedback with their managers.
The platform, then, also allows managers to track this feedback and act on them real-time, while also helping HR teams deliver personalised employee communications. It also provides the following Oracle Cloud HCM solutions:
The employee engagement centre within the solution also allows employees to take an active role in their success and satisfaction by providing a single space to define and organise topics for check-ins, review meeting history, provide ongoing feedback, and access suggested actions.
The platform's arrival came just after an Oracle study also revealed that 93% of Singapore's workforce is not satisfied with their employer's support for their careers, and 92% believe their organisation should be doing more to listen to them.
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It ultimately aims to pave the way for business leaders and HR to design and provide employees with workplace experiences that suit their personal and professional needs.
"It's the only complete employee experience platform focused on understanding the 'me' behind every worker, providing organisations new ways to listen to, communicate with, support, and develop their hybrid workforce," said Cameron.
Oracle was recognized as one of the winners for the Best HR Teams in Asia in the recent Hot List 2023. Find out more here.