'A CRO is responsible for revenue creation for a company,' says Courtny Cloeter from OneSource Virtual

Media 7 | March 30, 2022

Courtny Cloeter, Chief Revenue Officer at OneSource Virtual talks about his 30 years of business management experience, including opening up of the global economy. Read more to know more about the role of the CRO is evolving across businesses.

The CRO role is designed to ensure the alignment of these functional teams around synergies that maximize a company's revenue generation.

Media 7: Courtny with 30 years of business management experience - including senior leadership experience with Asurint, Mercer, and Ceridian. How has the experience been all of these years?
Courtny Cloeter:
The past 30 years have been a real journey. Helping some leading businesses through financial, global, political, and pandemic events has been an incredible journey. Corporate America thrives on predictability which is a challenge with these large-scale events. Without the ability to forecast these events, we have had to adjust our go-to-market (GTM) strategies and factor in flexibility for changes at a moment's notice. However, this string of unforeseeable challenges has also revealed positive resilience in the human spirit. Despite the global seismic shift, my professional agility has sharpened, essential to meet the newly-established customer expectation of undisrupted services and solutions.


M7: Could you please elaborate, for our readers, on the roles and responsibilities of a CRO and how the position is different from sales, marketing, and finance?
CC:
Simply put, a CRO is responsible for all functions that lead to revenue creation for a company. Historically, companies have aligned resources in traditional teams around marketing, lead generation, sales and account management. However, most of these functional teams didn't have alignment around a single revenue generation goal. The CRO role, which has become popular with technology companies looking to accelerate revenues in the past ten years, is designed to ensure the alignment of these functional teams around synergies that maximize a company's revenue generation.

Read More: Rocket.Chat's Bruno Bin believes that good leadership plays a vital role in making a sales and marketing strategy successful.


It's about capitalizing on the tailwinds as the economy heals and fully reopens.



M7: As the newly appointed CRO at OSV, what strategic changes are you looking to implement within the organization?
CC:
OneSource Virtual (OSV) has a strong culture and proven track record in the Workday ecosystem. Building on these strengths, we are looking to accelerate growth via new customer acquisitions and new service offerings. With all of our services purpose-built for Workday software, we strive for ever-increasing alignment with Workday to better serve their customers. Increasingly, companies are delivering HR and financial wellness products to their employees via digital applications. These new solutions require a strategy to sell them to customers and engage with the customer employees to drive adoption and value. In addition, it requires a new GTM strategy and alignment of resources, which is a vital area of initial focus in my new role at OSV.


M7: What benefit and objective do you think a CRO brings?
CC:
The mindset of a CRO is solely focused on the alignment and productivity of assets to grow and accelerate revenues. Sales and marketing leaders focus on brands, campaigns, building pipelines and managing sales cycles. Unfortunately, these critical functions' effectiveness is often not maximized because they are not working in concert, resulting in poor execution and unmet expectations. A CRO will bring these departments together so that the whole is greater than the sum of the parts, define one GTM strategy that everyone embraces, and deliver on the company's growth goals.

Read More: Intent data can highlight your target accounts' problems and interests, says Marc Laplante, CEO and Co-Founder at Intentsify


The string of unforeseeable challenges has also revealed positive resilience in the human spirit.



M7: Avasant recently recognized OSV as a Leader in their Workday HCM Services 2021-2022 RadarView Report. How do you feel about that achievement?
CC:
OSV is pleased to be recognized by Avasant as a leader in the Workday ecosystem. The Avasant team did an incredible job understanding the value OSV will bring to our customers daily. Their report also highlighted the uncommon maturity of our BPaaS products and services, which enable Workday customers to optimize the HR experience for their employees.


M7: What are some of the challenges you face on the revenue front at OSV? What is your approach to tackling and overcoming these?
CC:
OSV has faced many of the same challenges as other global companies: the COVID-19 pandemic, a lumpy reopening of the economy and the difficulty of managing talent. However, within each of these macro trends are sub-elements that have been effectively controlled by the OSV leadership team with no resulting disruption to our services to our customers. Looking forward, it's about capitalizing on the tailwinds as the economy heals and fully reopens. Customers and prospects are looking for partners to help them navigate these challenges, and OSV is well-positioned.

Read More: 'Over the next five years, the role of analytics and big data will become increasingly critical for businesses, says Dan Fiehn, COO at Incited.

M7: What sort of inclination in the HR technology industry are you watching avidly?
CC:
We're carefully monitoring the continued adoption of mobile technology and apps, providing real-time and predictive data. And with our customers facing employee retention challenges, providing pay on-demand options and additional automation solutions for manual, repetitive tasks will continue to make work more meaningful for our customer employees.

ABOUT ONESOURCE VIRTUAL

OneSource Virtual (OSV) is the Workday partner that has helped more than 1,300 companies with everything from deployment to maintenance to payroll and more to make the day more doable. Founded in 2008, OSV pioneered Business Process as a Service (BPaaS) and has become the leading provider of automated solutions for organizations of all sizes using Workday, delivering services with unparalleled choices, unwavering commitment, and uncompromising care. OneSource Virtual's global headquarters is located in Dallas, Texas, with additional locations across North America and Europe. OneSource Virtual: let's make the day more doable.

More C-Suite on deck

Job.com's Co-Founder and CVO says, 'AI is our friend.'

Media 7 | October 25, 2021

Arran Stewart, Co-Founder and CVO of blockchain-powered recruitment platform Job.com, takes us through his inspiring journey of founding a means of helping people find different ways of earning a livelihood using the best tech. In this interview, we take a peek into Job.com's wonderful journey of digitizing hiring processes that make it easy for companies to find the right candidates and people to find the right opportunities. Read on to find out how people and technology can work together without overpowering one another.

Read More

'The more engaged your people are, the more positive your company culture will be,' believes Jordan Rinaldo

Media7 | March 2, 2023

Jordan Rinaldo is a marketing executive and digital strategist, passionate about helping organizations grow through targeted and creative multi-channel marketing, content creation, storytelling, demand generation, and lead generation. He has an extensive background in eCommerce and technology, sales, account management, growth marketing, and leadership. Read further to discover his perspective on thought leadership within the HR sector.

Read More

'Our vision was and still is to make financial wellness attainable for everyone,' asserts Marthin De Beer

Media 7 | May 12, 2023

Marthin De Beer, who has worked in a vast array of industries and enterprises, strongly believes in value-based leadership and finds his greatest satisfaction in guiding teams to solve difficult problems. Keep reading to learn more about his thoughts on personal financial management and the innovative fiduciary solutions offered by his organization BrightPlan.

Read More

Job.com's Co-Founder and CVO says, 'AI is our friend.'

Media 7 | October 25, 2021

Arran Stewart, Co-Founder and CVO of blockchain-powered recruitment platform Job.com, takes us through his inspiring journey of founding a means of helping people find different ways of earning a livelihood using the best tech. In this interview, we take a peek into Job.com's wonderful journey of digitizing hiring processes that make it easy for companies to find the right candidates and people to find the right opportunities. Read on to find out how people and technology can work together without overpowering one another.

Read More

'The more engaged your people are, the more positive your company culture will be,' believes Jordan Rinaldo

Media7 | March 2, 2023

Jordan Rinaldo is a marketing executive and digital strategist, passionate about helping organizations grow through targeted and creative multi-channel marketing, content creation, storytelling, demand generation, and lead generation. He has an extensive background in eCommerce and technology, sales, account management, growth marketing, and leadership. Read further to discover his perspective on thought leadership within the HR sector.

Read More

'Our vision was and still is to make financial wellness attainable for everyone,' asserts Marthin De Beer

Media 7 | May 12, 2023

Marthin De Beer, who has worked in a vast array of industries and enterprises, strongly believes in value-based leadership and finds his greatest satisfaction in guiding teams to solve difficult problems. Keep reading to learn more about his thoughts on personal financial management and the innovative fiduciary solutions offered by his organization BrightPlan.

Read More

Related News

Employee Experience

Workhuman Elevates Employee Recognition with New Microsoft Teams App

Workhuman | September 25, 2023

Workhuman, a renowned company at the forefront of transforming how employees engage, connect, and show appreciation in the workplace, has taken a significant step in enhancing its market-leading Social Recognition platform by introducing the all-new Workhuman app for Microsoft Teams. This innovative application is now readily available for download in the Microsoft Teams app store, providing employees within organizations complete access to the features offered by Workhuman's robust recognition platform, all within the Microsoft Teams environment where employees conduct their daily work, meetings, collaborations, and communication. Leveraging the cutting-edge capabilities of the Microsoft Teams platform, this new application empowers Workhuman to offer its clients an effective means to elevate awareness and real-time participation in their employee recognition initiatives. Building upon the initial Teams integration by Workhuman, which already supports users launching the recognition nomination process within Teams chats and Teams channels, the new app brings forth a host of features: A native welcome page that facilitates immediate recognition and showcases an 'always on' awards feed, along with a highlight reel of years-of-service awards and celebrations, all without necessitating employee logins to a company intranet. Award notifications within the Teams Activity tab, along with the ability to extend kudos and congratulations to colleagues across the organization who are receiving recognition or commemorating significant life and work milestones, thereby fostering a more unified company culture. The capacity to deliver 'in-the-moment' recognition within Teams chats, channels, or even during meetings (through a Microsoft Teams meeting extension), accessible across mobile, desktop, and web versions of Teams. Employee visibility into their own recognition points balance, serving as a reminder of the recognition they have received from their peers, coupled with one-click access to the Workhuman Store for perusing and redeeming points for merchandise, gift cards, charitable donations, or experiences. Teams administrators are granted centralized permission and deployment controls for the application within the organization's Microsoft Teams environment, offering granular settings and robust security options. Research conducted jointly by Workhuman and Gallup has delved into the profound impact of recognition on business outcomes. A key finding reveals that only one in four employees in Gallup's global database strongly agree that they have received recognition or praise for their outstanding work in the past week. However, the study also underscores the potential benefits of doubling this figure, leading to a remarkable 9% boost in productivity and $91,989,474 in increased employee productivity. Furthermore, additional research demonstrates that when employees are acknowledged for life events and work-related milestones, they are three times more likely to strongly agree that they feel connected to the organizational culture. The Workhuman app for Microsoft Teams harnesses the full potential of an enterprise's human resources and employee experience strategy, delivering it to an engaged audience to stimulate enhanced employee engagement, connection, retention, and productivity on a large scale. The introduction of the Workhuman app for Microsoft Teams represents the next stride in Workhuman's journey to bring the power of its entire platform to the digital employee experience provided by Microsoft 365, encompassing Microsoft Teams, Outlook, Viva, SharePoint, and more. About Workhuman Workhuman is a leading firm addressing the most pressing human capital challenges faced by companies today, including high turnover, employee engagement, hybrid work environments, and diversity, equity, and inclusion (DEI) through the Workhuman Cloud, a secure SaaS platform that offers the industry's premier Social Recognition solution. The company offers unparalleled technology solutions, analytics, expertise, and services to organizations of all sizes, fostering workplace cultures rooted in employee recognition and crowd-sourced feedback. As the global leader in technology solutions, Workhuman is revolutionizing how employees celebrate, connect with, and appreciate one another in the workplace.

Read More

Workers Compensation

LaborIQ and Paycor Unveil Compensation Solutions Referral Partnership

Paycor | September 18, 2023

LaborIQ, an emerging tech firm specializing in market compensation software, and Paycor, a prominent supplier of human capital management (HCM) software, have unveiled a referral partnership aimed at assisting HR leaders in talent recruitment, management, compensation, and professional development with market-competitive salary insights for all job roles across the US. The strategic referral alliance is geared towards equipping Paycor clients with the most competitive salary recommendations tailored to today's job market demands. Additionally, it offers solutions for employee retention, fostering growth within their organizations. Claudine Zachara, President & COO of LaborIQ, expressed her delight in partnering with Paycor, acknowledging their dominant position in HCM solutions for HR teams. She stated, LaborIQ’s compensation software, together with Paycor, creates an advantage for companies who need today’s answers for reducing pay gaps and hiring. Technology, methodology and speed have significantly evolved in the HR tech space. [Source: BusinessWire] Paycor clients will now enjoy exclusive advantages from LaborIQ's software. This collaboration offers unrestricted access to salary recommendations and pay benchmarks for a vast database of over 20,000 job positions. About LaborIQ LaborIQ is at the forefront of modernizing how US organizations access market-competitive compensation recommendations. The company believes that to compete for talent and achieve success, organizations must have access to unparalleled salary data quality, supported by rigorous labor market research, analysis, and validation. LaborIQ empowers HR teams to expedite hiring processes, reduce turnover, and ensure precise compensation decisions, earning the trust of thousands of users who rely on them for salary recommendations, pay gap closure, and streamlined pay transparency strategies. About Paycor With over three decades of experience, Paycor has established itself as a leader in human capital management. The entity’s HCM platform revolutionizes all facets of people management, encompassing recruitment, onboarding, payroll processing, career development, and talent retention. What truly distinguishes Paycor is its unwavering focus on leaders, stemming from more than 30 years of listening to and collaborating with leadership teams. This extensive experience has equipped Paycor to understand leaders' unique needs, resulting in a unified HR platform with seamless integration capabilities, robust analytics, talent development resources, and adaptable technology tailored to meet specific industry requirements. Trusted by a community of over 30,000 customers, Paycor is the preferred partner for addressing HR challenges and achieving organizational goals.

Read More

Employee Engagement

Oracle Elevates Employee Engagement with Innovative Rewards Platform

Oracle | September 22, 2023

Oracle introduces new employee recognition and rewards capabilities within Oracle ME, enhancing the employee experience in Oracle Fusion Cloud Human Capital Management. Oracle Celebrate, a unique recognition and rewards offering, aims to improve performance, engagement, and retention by personalizing the employee experience. Features of Oracle Celebrate include peer-to-peer recognition, AI assistance, nomination and event-based awards, redeemable points, recognition insights, real-time data, and a recognition-based social feed. Oracle has unveiled its latest enhancement to the Oracle ME employee experience platform, embedded within Oracle Fusion Cloud Human Capital Management (HCM). This development, Oracle Celebrate, stands out as a groundbreaking recognition and rewards solution designed to elevate performance, engagement, and staff retention by delivering a more customized and meaningful experience for employees. Yvette Cameron, Senior Vice President of Product Strategy at Oracle Cloud HCM, emphasized the significance of acknowledging employees and said, Employees are the foundation of any successful organization, and leaders need to ensure that their people feel celebrated and valued or risk losing both talent and productivity. [Source - Cision PR Newswire] Cameron stated that with Oracle Celebrate, organizations could now utilize a comprehensive and unified employee experience platform. She explained that this platform aligned recognition with company values to nurture a culture of appreciation and acknowledgment. Furthermore, she emphasized that it encouraged more impactful peer-to-peer interactions. Cameron highlighted that these newly introduced capabilities simplified employee recognition, made it meaningful and inclusive, and empowered HR and business leaders to give precedence to employee appreciation. She added that it also served to enhance engagement and motivation within the workforce. Key features of Oracle Celebrate include: Peer-to-peer recognition: This feature enables employees and leaders to acknowledge their colleagues across the organization in real time, with personalized recognition linked to business values. It seamlessly incorporates peer recognition into an employee's daily routine and work processes. Generative AI assistant: Employees can enhance peer-to-peer recognition by receiving suggested improvements for their submissions, facilitating the creation of more impactful recognition notes for peers. Recognition insights dashboard: Managers can access detailed insights about the recognition patterns within their teams, highlight individuals who may require additional support, and identify top contributors. Nomination and event-based awards: This feature permits employees to recognize their peers for significant events such as promotions and work anniversaries, as well as nominations made by managers and peers, such as the ‘Employee of the Month’. These recognitions are initiated by updates to employee profiles in Oracle Cloud HCM. Real-time recognition and engagement data: Organizations can continually update and monitor recognition programs with precise data, enabling administrators to measure their effectiveness and correlate recognition efforts with business outcomes. Redeemable points: Employees can accumulate points when recognized by team members, which can later be exchanged for rewards integrated into the system by the organization. Recognition-based social feed: Employers can create a real-time stream of organization-wide and team-wide awards and accolades, promoting camaraderie and increasing visibility for daily accomplishments. Zachary Chertok, the research manager for employee experience at IDC, mentioned that the applications and value of recognition are expanding and evolving as organizations rethink how they connect into and uplevel employee success. He also noted that building an ecosystem for recognition assists in sourcing the roots of achievement, moving the needle on best practices as success occurs, stimulating cultural acceptance around process innovation, and fostering belonging through community acknowledgement and appreciation. Ushaan Abeywickrema, the director of human resources at MAS Capital, noted that many organizations find it challenging to establish a straightforward system for ensuring that employees receive the praise and recognition they deserve. He pointed out that this represents a significant gap in the HR software market, especially considering the well-known importance of fostering a strong sense of value and accomplishment to enhance employee engagement and workforce efficiency. Abeywickrema also conveyed excitement about Oracle Celebrate and its potential to introduce innovative capabilities that could revolutionize how they personalize the employee journey. He expressed hope that Oracle Celebrate would make it easier to acknowledge the dedication and hard work of their team members, all while reinforcing their commitment to their organizational culture and productivity. He believed that by recognizing their contributions, their employees would feel more seen, supported, and empowered to perform at their best and deliver their finest work. Oracle Cloud HCM, a cloud-native solution, offers a comprehensive platform connecting all HR processes from hiring to retirement. It provides HR teams with a unified source of truth and leverages built-in AI to analyze workforce data, offering recommendations to enhance business operations.

Read More

Employee Experience

Workhuman Elevates Employee Recognition with New Microsoft Teams App

Workhuman | September 25, 2023

Workhuman, a renowned company at the forefront of transforming how employees engage, connect, and show appreciation in the workplace, has taken a significant step in enhancing its market-leading Social Recognition platform by introducing the all-new Workhuman app for Microsoft Teams. This innovative application is now readily available for download in the Microsoft Teams app store, providing employees within organizations complete access to the features offered by Workhuman's robust recognition platform, all within the Microsoft Teams environment where employees conduct their daily work, meetings, collaborations, and communication. Leveraging the cutting-edge capabilities of the Microsoft Teams platform, this new application empowers Workhuman to offer its clients an effective means to elevate awareness and real-time participation in their employee recognition initiatives. Building upon the initial Teams integration by Workhuman, which already supports users launching the recognition nomination process within Teams chats and Teams channels, the new app brings forth a host of features: A native welcome page that facilitates immediate recognition and showcases an 'always on' awards feed, along with a highlight reel of years-of-service awards and celebrations, all without necessitating employee logins to a company intranet. Award notifications within the Teams Activity tab, along with the ability to extend kudos and congratulations to colleagues across the organization who are receiving recognition or commemorating significant life and work milestones, thereby fostering a more unified company culture. The capacity to deliver 'in-the-moment' recognition within Teams chats, channels, or even during meetings (through a Microsoft Teams meeting extension), accessible across mobile, desktop, and web versions of Teams. Employee visibility into their own recognition points balance, serving as a reminder of the recognition they have received from their peers, coupled with one-click access to the Workhuman Store for perusing and redeeming points for merchandise, gift cards, charitable donations, or experiences. Teams administrators are granted centralized permission and deployment controls for the application within the organization's Microsoft Teams environment, offering granular settings and robust security options. Research conducted jointly by Workhuman and Gallup has delved into the profound impact of recognition on business outcomes. A key finding reveals that only one in four employees in Gallup's global database strongly agree that they have received recognition or praise for their outstanding work in the past week. However, the study also underscores the potential benefits of doubling this figure, leading to a remarkable 9% boost in productivity and $91,989,474 in increased employee productivity. Furthermore, additional research demonstrates that when employees are acknowledged for life events and work-related milestones, they are three times more likely to strongly agree that they feel connected to the organizational culture. The Workhuman app for Microsoft Teams harnesses the full potential of an enterprise's human resources and employee experience strategy, delivering it to an engaged audience to stimulate enhanced employee engagement, connection, retention, and productivity on a large scale. The introduction of the Workhuman app for Microsoft Teams represents the next stride in Workhuman's journey to bring the power of its entire platform to the digital employee experience provided by Microsoft 365, encompassing Microsoft Teams, Outlook, Viva, SharePoint, and more. About Workhuman Workhuman is a leading firm addressing the most pressing human capital challenges faced by companies today, including high turnover, employee engagement, hybrid work environments, and diversity, equity, and inclusion (DEI) through the Workhuman Cloud, a secure SaaS platform that offers the industry's premier Social Recognition solution. The company offers unparalleled technology solutions, analytics, expertise, and services to organizations of all sizes, fostering workplace cultures rooted in employee recognition and crowd-sourced feedback. As the global leader in technology solutions, Workhuman is revolutionizing how employees celebrate, connect with, and appreciate one another in the workplace.

Read More

Workers Compensation

LaborIQ and Paycor Unveil Compensation Solutions Referral Partnership

Paycor | September 18, 2023

LaborIQ, an emerging tech firm specializing in market compensation software, and Paycor, a prominent supplier of human capital management (HCM) software, have unveiled a referral partnership aimed at assisting HR leaders in talent recruitment, management, compensation, and professional development with market-competitive salary insights for all job roles across the US. The strategic referral alliance is geared towards equipping Paycor clients with the most competitive salary recommendations tailored to today's job market demands. Additionally, it offers solutions for employee retention, fostering growth within their organizations. Claudine Zachara, President & COO of LaborIQ, expressed her delight in partnering with Paycor, acknowledging their dominant position in HCM solutions for HR teams. She stated, LaborIQ’s compensation software, together with Paycor, creates an advantage for companies who need today’s answers for reducing pay gaps and hiring. Technology, methodology and speed have significantly evolved in the HR tech space. [Source: BusinessWire] Paycor clients will now enjoy exclusive advantages from LaborIQ's software. This collaboration offers unrestricted access to salary recommendations and pay benchmarks for a vast database of over 20,000 job positions. About LaborIQ LaborIQ is at the forefront of modernizing how US organizations access market-competitive compensation recommendations. The company believes that to compete for talent and achieve success, organizations must have access to unparalleled salary data quality, supported by rigorous labor market research, analysis, and validation. LaborIQ empowers HR teams to expedite hiring processes, reduce turnover, and ensure precise compensation decisions, earning the trust of thousands of users who rely on them for salary recommendations, pay gap closure, and streamlined pay transparency strategies. About Paycor With over three decades of experience, Paycor has established itself as a leader in human capital management. The entity’s HCM platform revolutionizes all facets of people management, encompassing recruitment, onboarding, payroll processing, career development, and talent retention. What truly distinguishes Paycor is its unwavering focus on leaders, stemming from more than 30 years of listening to and collaborating with leadership teams. This extensive experience has equipped Paycor to understand leaders' unique needs, resulting in a unified HR platform with seamless integration capabilities, robust analytics, talent development resources, and adaptable technology tailored to meet specific industry requirements. Trusted by a community of over 30,000 customers, Paycor is the preferred partner for addressing HR challenges and achieving organizational goals.

Read More

Employee Engagement

Oracle Elevates Employee Engagement with Innovative Rewards Platform

Oracle | September 22, 2023

Oracle introduces new employee recognition and rewards capabilities within Oracle ME, enhancing the employee experience in Oracle Fusion Cloud Human Capital Management. Oracle Celebrate, a unique recognition and rewards offering, aims to improve performance, engagement, and retention by personalizing the employee experience. Features of Oracle Celebrate include peer-to-peer recognition, AI assistance, nomination and event-based awards, redeemable points, recognition insights, real-time data, and a recognition-based social feed. Oracle has unveiled its latest enhancement to the Oracle ME employee experience platform, embedded within Oracle Fusion Cloud Human Capital Management (HCM). This development, Oracle Celebrate, stands out as a groundbreaking recognition and rewards solution designed to elevate performance, engagement, and staff retention by delivering a more customized and meaningful experience for employees. Yvette Cameron, Senior Vice President of Product Strategy at Oracle Cloud HCM, emphasized the significance of acknowledging employees and said, Employees are the foundation of any successful organization, and leaders need to ensure that their people feel celebrated and valued or risk losing both talent and productivity. [Source - Cision PR Newswire] Cameron stated that with Oracle Celebrate, organizations could now utilize a comprehensive and unified employee experience platform. She explained that this platform aligned recognition with company values to nurture a culture of appreciation and acknowledgment. Furthermore, she emphasized that it encouraged more impactful peer-to-peer interactions. Cameron highlighted that these newly introduced capabilities simplified employee recognition, made it meaningful and inclusive, and empowered HR and business leaders to give precedence to employee appreciation. She added that it also served to enhance engagement and motivation within the workforce. Key features of Oracle Celebrate include: Peer-to-peer recognition: This feature enables employees and leaders to acknowledge their colleagues across the organization in real time, with personalized recognition linked to business values. It seamlessly incorporates peer recognition into an employee's daily routine and work processes. Generative AI assistant: Employees can enhance peer-to-peer recognition by receiving suggested improvements for their submissions, facilitating the creation of more impactful recognition notes for peers. Recognition insights dashboard: Managers can access detailed insights about the recognition patterns within their teams, highlight individuals who may require additional support, and identify top contributors. Nomination and event-based awards: This feature permits employees to recognize their peers for significant events such as promotions and work anniversaries, as well as nominations made by managers and peers, such as the ‘Employee of the Month’. These recognitions are initiated by updates to employee profiles in Oracle Cloud HCM. Real-time recognition and engagement data: Organizations can continually update and monitor recognition programs with precise data, enabling administrators to measure their effectiveness and correlate recognition efforts with business outcomes. Redeemable points: Employees can accumulate points when recognized by team members, which can later be exchanged for rewards integrated into the system by the organization. Recognition-based social feed: Employers can create a real-time stream of organization-wide and team-wide awards and accolades, promoting camaraderie and increasing visibility for daily accomplishments. Zachary Chertok, the research manager for employee experience at IDC, mentioned that the applications and value of recognition are expanding and evolving as organizations rethink how they connect into and uplevel employee success. He also noted that building an ecosystem for recognition assists in sourcing the roots of achievement, moving the needle on best practices as success occurs, stimulating cultural acceptance around process innovation, and fostering belonging through community acknowledgement and appreciation. Ushaan Abeywickrema, the director of human resources at MAS Capital, noted that many organizations find it challenging to establish a straightforward system for ensuring that employees receive the praise and recognition they deserve. He pointed out that this represents a significant gap in the HR software market, especially considering the well-known importance of fostering a strong sense of value and accomplishment to enhance employee engagement and workforce efficiency. Abeywickrema also conveyed excitement about Oracle Celebrate and its potential to introduce innovative capabilities that could revolutionize how they personalize the employee journey. He expressed hope that Oracle Celebrate would make it easier to acknowledge the dedication and hard work of their team members, all while reinforcing their commitment to their organizational culture and productivity. He believed that by recognizing their contributions, their employees would feel more seen, supported, and empowered to perform at their best and deliver their finest work. Oracle Cloud HCM, a cloud-native solution, offers a comprehensive platform connecting all HR processes from hiring to retirement. It provides HR teams with a unified source of truth and leverages built-in AI to analyze workforce data, offering recommendations to enhance business operations.

Read More

Spotlight

OneSource Virtual

OneSource Virtual

OSV is the Workday partner that has helped more than 1,300 companies with everything from deployment to maintenance to payroll and more—all to make the day more doable. Founded in 2008, OSV pioneered Business Process as a Service (BPaaS) and has become the leading provider of automated solutions for...

Events

Resources