In today's competitive landscape, finding the best talent, hiring them, and onboarding them quickly demands time, energy, and resources. Staying ahead of the competition in attracting and retaining top talent, especially in the post-pandemic world, is increasingly becoming more challenging. Therefore, it's no wonder that organizations are leveraging cloud technology to make recruiting not only strategic but agile as well.
HR leaders have been propelled to broaden their approach to Human Capital Management (HCM). Thereby, HR practices have evolved from being a cost centre to becoming a value generator. Their role is equally crucial in providing insights about parameters that boost productivity and improve workforce efficiency.
Taleo, also called Oracle Talent Acquisition Cloud (OTAC) was once considered to be an industry leader in the cloud-based talent acquisition software market.
However, in 2018, Oracle Recruiting was launched as a part of the Oracle HCM Cloud suite. Within a short span of 2 years, it matured into the complexity of business processes delivering user-friendly integrations. Therefore, to simplify their HCM landscape, many Taleo customers are making a transition to Oracle Recruiting Cloud.
What is Oracle Recruiting Cloud?
Oracle Recruiting Cloud is a complete solution for sourcing, recruiting, and onboarding candidates. It is an ideal Oracle Taleo alternative for enterprises that have already been using Oracle HCM Suite.
It delivers distinct benefits, upgrades, and returns as compared to the standalone Taleo. What's more, it can cater to the needs of the present times allowing businesses to monitor, track, and measure talent information across the HR spectrum.
One of the main reasons why we see clients migrating from Taleo to Oracle Recruiting Cloud is because of the central focus on candidate experience. Across various facets of HR and during the recruitment process, Oracle Recruiting Cloud is intended to address the modern-day challenges of recruitment by using a data-driven, responsive, and mobile-first user experience. It is self-intuitive to source and connect with candidates.
At the same time, it empowers recruiters with Artificial Intelligence (AI) based matching to make data-driven recruiting decisions.
6 Reasons for Migration from Taleo to Oracle Recruiting Cloud
Evosys, as an Oracle Cloud system integrator, has worked with 650+ Taleo customers for more than 15 years. We have helped customers from medium to large-scale enterprises adopt Oracle Taleo for their businesses.
However, recently, based on our interactions and feedback from them, we have observed the following:
An increasing number of Taleo users have already migrated to Oracle Recruiting Cloud.
An equally large number of existing Taleo customers are actively considering the migration to Oracle Recruiting Cloud.
To further understand this trend, we came across the below 6 reasons why more and more enterprises are considering Taleo to Oracle Recruiting Cloud migration:
1. Better Data Quality
The major drawback of Taleo is that it needs an interface to Oracle HCM Cloud. Plus, data from the Oracle Recruiting Cloud is not actively available and requires a separate reporting tool.
On the contrary, with Oracle Recruiting, the number of integrations required to maintain the system decreases drastically. Foundational data such as organization, location, job function, requisition templates, job details, employees, internal candidates, and new hires are no longer required.
Oracle Recruiting Cloud helps you reduce the number of costly data errors that arise with legacy systems during sourcing, hiring, and onboarding processes. The reasons:
All the data from the HCM modules including organizations, jobs, positions, work locations, and geographies are available on a single platform.
Also, it has the ability to leverage configuration from other HCM modules making the latest data available immediately for the recruitment process.
Elimination or minimization of risks involved in integration management overhead and data integrity.
2. Integrated Reporting
Oracle Recruiting Cloud equips organizations to store all their HR data within a single reporting tool. After implementation, you can eliminate the need to export information to a data warehouse or any additional cloud solutions. Reports can integrate data from across different HR domains.
With integrated reporting, your business solves numerous challenges such as – combining recruiting data with performance records for making more strategic business decisions. The result is identifying top talent, linking job openings to talent profiles, and identifying internal talent around key competencies.
3. A Comprehensive HR Platform
Oracle HCM Cloud enables employees to have one location for all HR-related self-service activities. Employees can search for open jobs and review a job offer on the same platform. When it comes to identifying high-quality new hires, managers can use the self-service interface to drive adoption, and satisfaction, and enhance decision-making. Moreover, using data-driven processes and AI technologies provides quick and accurate identification of the top talent.
4. Seamless Onboarding
Oracle Onboarding, a part of Oracle HCM Cloud, offers organizations an opportunity to provide a meaningful and enriching experience to the new hire. Effective onboarding covers a comprehensive set of features from pre-boarding to onboarding, offboarding, and guidance-based task management.
The benefits of such effective onboarding are, for example, that it improves pre-hire and post-hire interactions, empowering the new hires with critical workplace connections. At the same time, it augments operational awareness, efficiency, and ensures compliance, along with verifying, managing, and consolidating both data and information.
Here, the HR function also has the liberty to automate the overall candidate experience starting from the initial engagement to hiring with personalized conversations using chatbots. Using these interactive interfaces, they can provide a comprehensive view of talent management and career progression to both the candidates and the management.
5. HCM Suite Experience
Leveraging the power of Oracle HCM, Oracle Recruiting Cloud is accompanied by a host of features that are not present in Taleo. They include delivering deeper insights and easy access to information regarding the hiring status at all stages of employment.
It provides a unified single platform for superior user experience, work structures, position information, security profiles, and configuration tools.
6. Intelligent, Adaptive, and Data-Driven Outcomes
Oracle Recruiting takes advantage of technologies consumers frequently use including chatbots, adaptive intelligence, and mobile-first user interface to provide a competitive advantage for hiring and retaining talent while reducing the operating cost of the HR department.
Imagine the affordability when a chatbot does the work of a help desk! Even the candidate experience is elevated with dynamic conversation-based interactions instead of a monotonous form-driven process.
To facilitate smart and quicker hiring, the system has an in-built intelligence feature that is powerful and easy to use.