se PeopleTools 8.50 and PeopleSoft Enterprise Learning Management 9.1 and PeopleSoft Enterprise Portal 9.1, Oracle claims to offer the customers a platform to provide improved employee productivity and better performance. One of the differentiating features of this software is its Web 2 capabilities. Besides this enhanced ability, the software also has 300 new Web services and around 200 industry specific improvements (oracle.com).
A summary of the various applications shows how these tools help in business improvement. A very interesting feature of HCM is that it facilitates the alignment of individual goals with those of the organization. This is achieved by ensuring that each business goal is extrapolated to the individual employee goal sheets. It even helps identify the succession plan for the organization by identifying the talent pool through the performance sheets and matching them with the key skill set at the various hierarchical levels. The Web 2.0 capabilities of PeopleSoft Enterprise help employees engage with each other through chats, wiki, social and knowledge networking forums. The software’s MIS generation features help analyze performance and productivity and thus enable leaders to chalk out future course of action. Its ability to talk to previously released versions of applications helps save its customer acquisition costs as there is no need to replace the previous applications to enable installation of the new ones. This helps save money on account of software acquisition and installation and training costs. With country specific HR and payroll programs the software is a global platform which can be used even in countries like China and Argentina. It also has educative and research oriented capabilities along with provisions for industries like retail, public sector and professional services.
In the ensuing sections we will be discussing the various features that the software provides which enable a smooth running of the various HR functions