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Each and every enterprise needs people to manage and run its business. People are the most basic and the most important ingredient of any business. It could be an NGO, a Bank or a Robotics laboratory, no matter where the enterprise focuses on, it must need people to run it. That is why it becomes necessary for the enterprise to store organizational data along with employee data, and use them to manage the people related to the enterprise effectively. This requirement creates the market for a system called the Human Resource Management System.
Oracle E-Biz provides a very effective and scalable way to manage the Human Resource of an enterprise. It is called Oracle human Resource Management System (a.k.a Oracle HRMS / Oracle HCM). Oracle HRMS as a whole is a combination of few Sub Modules. Each sub module supports one particular type of application / practice. The most popular modules in Oracle HRMS are:
Oracle Human Resources: Also known as Core HR. This module helps managing enterprise structures, and Organizational hierarchy, position hierarchy, supervisor hierarchy etc. This module is the backbone of all the other sub modules in HRMS, also holds true for any other module in E-Biz.
Oracle Payroll: Also known as Payroll. This one helps managing employee payroll related details; whom all to pay, how much to pay, how to pay, when to pay, etc can be managed through this module.
Oracle Advanced Benefits: Also known as OAB/ Benefits. This module accounts for any non-monetary privileges provided by the enterprise for the employee. Life Insurance, Medical claims, enrolments etc are managed through this module.
Oracle Time and Labour: Also known as OTL. This module tracks the time sheet information of the employees. Who worked for how many hours, for which project or order, overtimes etc can be managed through this module.
Oracle Learning Management: Also known as OLM, This module manages the trainings and the competencies of a given enterprise. With this one can manage employee training needs, hiring external trainers, setting up classes etc.
Oracle iRecruitment: Also known as iRec. This module is used for recruitment processes. Managing applicants, vacancies, releasing offers etc are managed through this.
Compensation Workbench: Also known as CWB. This module is used to manage and budget the bonus, stock options etc. This empowers the enterprise with the statistical analysis, external comparisons, for better decision making on Compensation.
Oracle Performance Management: Also known as Oracle Talent Management/ performance management / PMS (Performance Management System). This one deals with the appraisals, competencies, proficiencies etc. This helps us to manage the appraisal cycles as a whole.
Oracle Daily Business Intelligence for Human Resources: Also known as DBI, a very powerful reporting tool for the HR and line managers. This is capable of summarizing the employee related details, for better decision making.
Oracle Self Service HR: Also known as SSHR. Quite effectively used as an interface to all other modules in HRMS, this module is like the face of HRMS. For an example, if an employee were to go in and submit his time sheet, or check his pay check or ask for training, this module gives him the interface. This is a web based interface that can be configured and be available to the employees for their usage.
For more details Download the " HRMS – Oracle Core HRMS Setups and Process Training Manual" document from below link: