Oracle announces skills management through new offering
Oracle recently announced the launch of Oracle Dynamic Skills, a new offering as part of Oracle Fusion Cloud Human Capital Management (HCM). The solution will help organisations identify and improve upon the skill set of their workforce. Skills have become the new talent currency and organisations of all sizes and across all industries are needing to improve upon and enrich the skills of their workforce to keep pace with the rapid pace of change.
Oracle Dynamic Skills provides employers with an up-to-date inventory of their employees' skills and offers actionable insight through the following capabilities:
Skills Nexus – a deep learning engine and data repository that ascertains and houses all of the data pertaining to the skills of the workforce. Skills Nexus takes publicly available data on skills, qualifications, and occupations and brings it together by a AI with internal data to develop role-based skills profiles.
Skills Advisor - AI-based capabilities that provide recommendations to candidates and employees as to the skills they should acquire, offers advice to organisations on what skills they should seek for specific roles, and recommends which candidates have the right skills to fill vacancies. In addition, Skills Advisor offers AI-based recommendations to connect people with growth opportunities, such as job openings, gig assignments, and learning resources.
Skills Centre - self-service portal that allows employees to update their skills portfolios, explore new roles, and locate learning resources.
Oracle Dynamic Skills is available today to clients of Oracle HCM cloud.
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