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What is PeopleSoft HCM?
PeopleSoft HCM is an ERP solution that integrates human capital management (HCM), supplier relationship management, enterprise services automation, supply chain management, and campus solutions modules. Initially, PeopleSoft was an independent company, which was then acquired by Oracle in 2005. In the PeopleSoft HCM review, we will focus on the HCM aspect of the company.
Oracle PeopleSoft HRMS is more effective for large business organizations that have complex business requirements. The tool provides comprehensive HR features and can be deployed either on-premise or in the cloud.
There are five modules within the Oracle PeopleSoft HRMS system. They are:
- Global Core HCM
- Workforce management
- In-memory labor rules and monitoring
- Workforce service delivery
- Talent management
Vendor Details
- Parent Company: Oracle Corporation
- Website: www.oracle.com/in/applications/peoplesoft/
- Founded in 1987
-
Founder: David Duffield
- United States
Key Metrics of PeopleSoft
Here are some of the key applications within each Oracle PeopleSoft HCM modules :
Global Core HCM
The Global Core HCM module provides a company directory, self-service functionality for all users, real-time analytical tools, and multi-national support for companies with locations in multiple countries. Other applications include:
- Benefits
- A payroll solution for both North American and global countries
- Pension administration
- Payroll interface for integrating with third-party payroll systems
Workforce Management
The PeopleSoft payroll module helps companies maintain their workforce to manage their labor costs. Some of these PS HCM applications include:
- Time and labor (that includes the mobile capability for clocking in/clocking out)
- Absence management (one keynote is that PeopleSoft integrates with Outlook so employees can manage their sick leave via their Outlook calendar/email)
- Resource management
- Travel and expense management
In-Memory Labor Rules and Monitoring
The In-Memory Labor Rules and Monitoring module is designed to help the global workforce make better labor decisions with real-time analytical tools. This module is built onto the Oracle Exadata database architecture. Companies can deploy any labor and time policies to their employees to ensure compliance with overtime regulations.
Workforce Service Delivery
A dedicated self-service and collaboration tool, the Workforce Service Delivery module is one of the most popular features of Oracle PeopleSoft human capital management as it helps to streamline common HR tasks. Some of the applications included in this module are:
- HR help desk
- Directory interface for integrating with various servers that use the LDAP network protocol (i.e., Microsoft Active Directory)
- ePay (for employees to view and edit any payroll-related information, such as banking information)
- eBenefits (for employees to view benefit programs and make any changes to their benefits enrollment)
- eProfile (centralized employee database where employees can update their personal information)
- eProfile Manager Desktop (for managers to find relevant employee information and request/approve transfers and promotions)
- Workforce communication for distributing surveys and other programs to employees
Talent Management
The talent management module provides applications that range from recruiting to succession planning. Some of those applications include:
- Recruiting
- eDevelopment
- eCompensation
- ePerformance
- Incentive compensation
- Enterprise learning management
- Succession planning
- Services procurement
- Tutor (provides manuals and other tools to help employees with their job roles)
Oracle PeopleSoft HCM Pricing
You can contact the vendor for more details and to request a quote.
Features of PeopleSoft HCM
Here are some of the key features:
Global Core Human Capital Management
- Global by design
- A variety of specialized benefit solutions
- Global payroll architecture
- Built with advanced technologies: integration, workflow, and online analytical processing
Workforce Management
- Managerial time reporting
- Automated leave planning
- Optimized workforce scheduling
Labor Rules and Monitoring
- Use labor policy rules leveraging the natural language capability provided by Oracle Policy Automation
- Simulation, test, and deployment of new or updated Time and Labor policy rules leveraging integration to Oracle Policy Automation
- Real-time analysis and exception alerts of overtime, unplanned absences, and other critical labor data
- Prepackaged overtime legislative and regulatory Time and Labor rules
Workforce Service Delivery
- End-to-end delivery of HR service to employees
- Integrated HR self-service tools
- Centralized, global store of employee data
- Internal HR help-desk for employee self-service
- A comprehensive solution for planning and delivering HR programs and surveys
Talent Management
- Global Manager Desktop for compensation administration
- Track and monitor performance, learning, and development
- Integrated solution for succession planning
- World-class recruiting and career-search tools for candidates, recruiters, and managers
Oracle PeopleSoft HCM Pros and cons
- One of the best features about PeopleSoft is its ability to manage large amounts of data/records
- The Oracle system is an excellent tool to comply with organizational processes
- There are many links and tools that can be used on this software from processing invoices to creating queries to help be more efficient, to being able to do checks out of the system
- The Worklist functionality makes it easy to see what PTRs (Personnel Transaction Requests) are awaiting your action
- Data handling is very easy, also there is an option for the custom made query according to our requirements
- Huge data download takes some time and it can be fully downloaded only through email options
- This program can be quite cumber-sum and hard to teach to new employees. It is not very intuitive and requires lots of training
- Reporting is great but seems to be hard for many people to grasp as there are so many options to choose from when running a report
Oracle PeopleSoft HCM Integration
As Oracle HCM PeopleSoft is part of an entire suite, this application integrated with other PeopleSoft tools like Learning Management, Workforce Analytics, Financials, etc. You can also integrate PeopleSoft HRMS functional modules with other third-party applications. Moreover, the platform itself uses different integration technologies to send and receive data.
Specification
Devices Supported
- Windows
- Mac
- Web-based
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
Deployment
- Cloud Hosted
Training
Oracle PeopleSoft HCM Support
As PeopleSoft HCM cloud is a part of Oracle, who is known for its support services, you will receive impeccable customer support. The first option is the Oracle Premier Support, which includes 24/7 tech support, problem prevention, and access to software-related upgrades. Another option is the Lifetime Support policy, under which you will be able to upgrade the software as soon as a new upgrade is launched. You can also opt for the Advanced Customer Service Support, which is generally recommended for mission-critical work cultures like IT departments in large organizations.
The last option is the MyOracle Support portal in which users can download software updates, put in a request for tech support, and communicate with other Oracle customers.
Oracle PeopleSoft HCM Competitors
Here are some Oracle PeopleSoft HCM alternatives we recommend you to see before opting this software for your business :
