The Oracle HCM Cloud platform provides quarterly updates that enable organizations to have the latest enhancements on the system. Oracle HCM 24B Release in May 2024 presented commendable enhancements across the module. The five organizational benefits discussed in this article which may be accrued from adopting the Oracle HCM 24B update include:

Enhanced User Experience

According to the Oracle 24B version, most of its improvements can be attributed to streamlining the user experience. Innovative features such as a new survey user interface, electronic signatures, and improved Redwood flows help to offset process trends and make HCM applications more user-friendly. It also allows users to administer questionnaires, signatures, payroll information, as well as assignment details, via Redwood pages. All these UX improvements remove time, clicks, and enhance the adoption of the HCM suite.

Advanced Absence Management

This is particularly true when it comes to managing time-off and leaves that are more configurable and transparent in the Oracle 24B Release. It is now possible to make absent types default on entry forms. They may see the absence balances while they are entering the time cards. Employees benefit from additional transparency: there are more options for absence audit reports and simpler ways to export absence information. The new ESS_Job_Request_ID column on transactions enables relating the transactions to the process that made the changes. The 24B edition comes without planning extensibility but it does provide the ability to customize each organizational workflow.

Flexible Benefits Management

Oracle increases the benefits administrators’ choice by extending the abilities to manage plan groupings and eligibility rules. There are 18 different kinds of plan type groupings that enable administrators to classify plans logically. Other set-up enhancements, such as configurable life event timeliness, are other features that help to create some barriers that minimize the amount of upkeep required. These configurable enhancements make benefits management more easily configurable and sustainable for the long term.

Streamlined Payroll Processes

The main benefit of Oracle 24B Release is in achieving easier payroll. Payroll processing is now in real time, while eliminating the gaps in batch processes that can slow down operations. A multilingual payment system allows users of the software to develop payment registers and reports in the language they prefer. This is because output files also need to be stored and this is mostly done after compression to avoid large overheads. Customization to format the numbers allows organizations to align the figures provided in the reports to the standard regional formatting conventions.

Enriched Talent Management

For managers and HR directors who pay special attention to the development of the human capital, the 24B Release has numerous new features. It is possible for administrators to extend inheriting from the job profiles to the position profiles in order to share information. New integration components enable certification and licensing information of HCM to be integrated to other systems. It also makes development more tangible through the association of goals, measurable work activities, and learning. Improvements such as career tips based on the working environment, review meetings, focus on talents, and career suggestions are some of the improvements made in this release.

Conclusion

The HCM 24B is a significant upgrade, with hundreds of improvements in ease of use, adaptability, and the development of the talent. Opkey as an Oracle testing platform uses sophisticated test automation to enable Oracle HCM Cloud upgrades, cutting update periods from weeks to just a few days. The platform provides a large library of test scripts and pre-built parts designed for different HCM modules. As an Oracle certified partner, Opkey offers clients thorough insights into expected changes through its impact analysis reports and extensive advising documents, which facilitates effective assessment and modification of business processes within the crucial update window.