Oracle Fusion Global HR is the foundational module within Oracle Fusion HCM, providing the core infrastructure for managing a global workforce. It's designed to handle the complexities of diverse workforces across different countries and regions. Here's a breakdown of how it works:
Core Functionality :
- Centralized Employee Data Management:
- Global HR serves as a single source of truth for all employee data, including personal information, employment history, and organizational assignments.
- This centralized repository ensures data consistency and accuracy across the organization.
- Organizational Structure Management:
- It enables organizations to define and manage complex organizational structures, including legal entities, business units, departments, and positions.
- This allows businesses to accurately represent their global workforce and reporting hierarchies.
- Workforce Modeling:
- Global HR facilitates workforce modeling, allowing organizations to simulate different organizational scenarios and analyze their impact.
- This helps businesses plan for future workforce needs and changes.
- Global Compliance:
- It supports global compliance requirements by providing features for managing country-specific regulations and reporting obligations.
- This includes features for managing employee contracts, visas, and other legal requirements.
- Security and Access Control:
- Global HR provides granular security and access control, allowing organizations to restrict access to sensitive employee data based on roles and responsibilities.
- This is very important for data privacy.
- Workflow Automation:
- It automates key HR processes, such as employee onboarding, transfers, and terminations, improving efficiency and reducing manual errors.
- Person and Employment Model:
- Fusion uses a very flexible person and employment model. This allows for very complex worker situations, such as contingent workers, or multi-job workers.
Key Aspects of Global Functionality :
- Multi-Language and Multi-Currency Support:
- Global HR supports multiple languages and currencies, enabling organizations to manage a diverse workforce.
- Localization:
- Oracle provides localized versions of Fusion HCM for various countries, ensuring compliance with local regulations and cultural norms.
- Global Reporting:
- It provides robust reporting capabilities, allowing organizations to generate global workforce reports and analyze key HR metrics.
- Legislative Data:
- Oracle provides legislative data updates to help ensure that companies stay compliant with changing laws.
