Effective Strategic Workforce Planning and Budget Tracking: A transformative approach for Organizations

A recent Oracle Cloud Customer Connect event¹ highlighted the growing challenges and innovative solutions in this domain.

The Challenge

Organizations are facing significant hurdles in talent management:

• 81% of boards of directors cite business disruptions due to skills/talent shortages as a top risk to organisational growth.
• 72% of HR leaders cite a lack of integrated strategic planning process with business planning.

Oracle Cloud HCM: A Comprehensive Solution

Oracle Cloud HCM offers a continuous innovation strategy for position-controlled organizations, providing:

• One System of Record: Ensures accurate position control, effective planning, and real-time data management.
• One System of Operations: Optimizes processes and maintains compliance.
• One System of Experience: Delivers seamless administration and integrated HR processes.

Key Features

• Position Budgeting: Control budgets by Business Unit, Department, and/or Location whilst specifying rules for overshooting budgets. Display budget in position UI and approval notifications.
• Workforce Planning: Utilize demand drivers to calculate gaps between supply and demand.
• Intelligence: Leverage trend analysis and embedded analytics for better decision-making.

Benefits of Effective Strategic Workforce Planning

Benefits of Effective Strategic Workforce Planning

• Improved alignment between workforce and organizational goals
• Enhanced ability to adapt to changing business needs
• Better resource allocation and cost management
• Increased organizational agility and competitiveness

By embracing these advanced tools and strategies, organizations can navigate the complexities of workforce management more effectively, ensuring they are well-positioned for future success in an increasingly competitive business environment.

Why Kyte?

Kyte is the Leader in Business Transformations using Oracle Cloud Technology.

Adaptation to Cloud Applications has altered the traditional IT service model, where the customer may have had a team of people assigned to support the business application.

Cloud applications support:

• Requires a wider range of specialists, however they are only needed in short bursts of time. The Kyte team caters for a broad range of products and service technologies.
• Needs to provide advanced system administration.
• Caters for strict change management and documentation controls.
• Should be acting as an intermediary between the customer and the product vendor, coordinating product maintenance activities and monitoring licensing usage.
• Requires advanced monitoring to support integrations, security, and database configurations.
• Be adaptable, being able to scale up and down based on your requirements.

Kyte’s dedicated team of Managed Services professionals delivers not only “Break – Fix” Options, but works with customers on ongoing improvement operating models, being a partner of choice to deliver long lasting business value.

Get in touch today.

Authors: Dorothy Leong and Richard Atkins.

¹Source: https://community.oracle.com/customerconnect/events/606054