Key Features of Oracle HCM Cloud Performance Management

Goal Setting

Enables employees and managers to set specific, measurable, achievable, relevant, and time-bound (SMART) performance goals that align with the organization's strategic objectives.

Performance Reviews

Supports the scheduling, completion, and tracking of performance reviews and evaluations, including manager assessments, self-assessments, and peer reviews.

Continuous Feedback

Facilitates ongoing feedback and coaching between employees and managers to foster continuous improvement and development.

Development Planning

Helps employees and managers create and manage individual development plans based on performance feedback and career aspirations.

Competency Management

Allows organizations to define and track core competencies and skills relevant to each role, assisting in assessing and developing employee capabilities.

360-Degree Feedback

Provides a well-rounded view of employee performance by collecting feedback from peers, managers, and subordinates.

Talent Calibration

Supports talent calibration meetings where HR and leadership teams review and discuss employee performance and potential for development.

Compensation Management

May integrate with compensation management features to align performance with compensation decisions, such as merit increases and bonuses.

Document Management

Offers document storage capabilities for performance-related documents, including performance appraisals, development plans, and coaching notes.

Compliance

Helps ensure that performance management processes are in compliance with relevant labor laws, regulations, and company policies.

Analytics and Reporting

Provides reporting and analytics tools to track and analyze performance data, identifying trends and areas for improvement.

Integration

Integrates seamlessly with other Oracle HCM Cloud modules, such as payroll, HR, and benefits administration, to provide a unified view of employee data and streamline HR processes.