Oracle to focus on Human Capital Mgmt

By agencies   |   Wednesday, 24 August 2005, 19:30 IST
Printer Print Email Email
CHENNAI: Oracle Corp today said it would continue to invest in its highly successful Human Capital Management (HCM) software in India to penetrate into the domestic market, which was grappling with high attrition rates and low employee satisfaction. The company would also rope in Hewlitt as a "knowledge partner" in India. "Hewlitt comes with deep domain knowledge and this would help us in concentrate on specific targeted programs," Ron Hanscome, Senior Product Director (Human Resource Management System), Oracle, Corp, told a news conference here. Oracles HCM solutions are offered in four key verticals viz., financial services industry; government, education and healthcare; manufacturing, retail and distribution; and communication and media utilities. Hanscome said the company already had about 350 clients in India for the HCM product, which includes Andhra Bank, Punjab National Bank (financial services), Gujarat Electricity Board, Bangalore City Corporation (government) and GECIS, Aditya Birla Group, Sutherland, Intelenet (manufacturing, retail and distribution). He said the HCM product was designed to help in managing the HR related issues and increase productivity. A study conducted in LG-Philips in Asia had revealed that the company’s return on investment grew by over 150 per cent on a three-year period, after the implementation of HCM software, Hanscome said. Oracle-Peoplesoft combine has about 350 clients in India, which was growing by 15 percent in terms of total revenues.

siliconindia