What is Oracle Time & Labor?
Oracle Time & Labor is a component or module within the Oracle Human Capital Management (HCM) Cloud suite offered by Oracle Corporation. It is designed to help organizations effectively manage employee time tracking, attendance, and labor-related processes. Oracle Time & Labor is a critical tool for businesses that need to accurately capture and manage employee working hours, enforce labor policies, and ensure compliance with labor laws and regulations.
Oracle Time & Labor is designed to improve workforce productivity, enhance compliance with labor regulations, and streamline the time tracking and attendance management process for organizations of various sizes and industries.
Key Features of Oracle Time & Labor
Time Tracking
Oracle Time & Labor enables employees to record their work hours using various methods, including web-based time entry, mobile apps, physical time clocks, and biometric time and attendance systems. This ensures accurate tracking of working hours, breaks, and time-off requests.
Time Off Management
The module facilitates time-off requests, allowing employees to submit requests and supervisors to review and approve or deny them. It can manage different types of leave, such as vacation, sick leave, and holidays.
Scheduling Integration
Oracle Time & Labor often integrates with workforce scheduling tools to ensure that scheduled work hours align with actual hours worked.
Compliance
The module helps organizations adhere to labor laws and regulations by applying rules related to overtime, meal breaks, rest periods, and other labor standards. It automates compliance processes to reduce the risk of non-compliance.
Payroll Integration
It typically integrates seamlessly with payroll processing systems to ensure that time and attendance data are accurately reflected in payroll calculations.
Reporting and Analytics
Oracle Time & Labor provides reporting and analytics tools to generate various reports related to time and attendance data. This data can be used for payroll processing, labor cost analysis, and compliance reporting.
Employee Self-Service
Employees have access to self-service features, enabling them to view their timecards, request time off, check schedules, and manage personal information.
Mobile Access
Many versions of the software offer mobile apps for employees and managers, allowing for remote clocking in/out and access to time-related information on smartphones and tablets.
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