The HCM solution will be used by Nokia for recruitment, compensation, and performance management for its workforce spread over 130 countries
Nokia headquarters in Espoo, Finland. (Credit: pikkuanna/Wikipedia.org)
Oracle said that its cloud-native Oracle Fusion Cloud Human Capital Management (HCM) solution has been selected by Nokia for consolidating and replacing its human resources (HR) systems in the cloud.
The move from the Finnish telecommunications company is part of a global digitalisation programme.
According to Oracle, the Finnish group will globally deploy Oracle Cloud HCM for handling all HR processes. These include recruitment, compensation, and performance management for Nokia’s workforce that is spread over 130 countries.
Last year, Nokia announced a strategy called ‘One Nokia Digital’ to support its competitiveness through digitalisation of its operations.
As part of the efforts, the Finnish group will introduce Oracle Cloud HCM in place of its on-premises HR systems.
It is said to have opted for Oracle Cloud HCM due to its ability of standardising HR processes on a common data platform. This will let Nokia offer a consistent employee experience across teams and manage and scale HR services more easily around the world.
Oracle applications EMEA EVP Cormac Watters said: “Nokia has a culture of innovation that has enabled it to lead its industry for years, and with Oracle Cloud HCM it now has an integrated platform, powered by the latest emerging technologies, to support its current and future HR needs.”
Oracle Cloud HCM is expected to allow the Finnish firm in connecting all the processes across the employee lifecycle. This will help enhance decision-making and decrease operational costs.
The solution by using artificial intelligence (AI) powered technology such as digital assistants and newly added capabilities will also help Nokia in operating its business more efficiently.
Nokia chief digital officer Alan Triggs said: “By leveraging best-of-breed solutions like Oracle Cloud HCM, we want to bring Nokia to the next level of digital maturity. The implementation will contribute to increased efficiency and productivity and will provide AI and data capabilities that we can take advantage of to develop business performance and agility.”