Oracle NetSuite Helps Enterprises Transform Human Resource Management, Unleashing Talent Potential!

Everything about work is changing—from the workplace to the workforce to the nature of work itself. Managing these complex changes becomes even more difficult when organizations use a multitude of different tools, isolate employee information, and employ various disjointed manual processes. Business leaders need data from across the organization to better align employee performance with business performance.

 

NetSuite SuitePeople Human Capital Management (HCM) system offers features that make it easier and more efficient for people across the organization to deliver HR services. It brings HR functions into the NetSuite application suite, eliminating many repetitive tasks and manual processes, and redefining the way people in the enterprise use and interact with HR information.

 

Human Resource Management

By sharing employee information in NetSuite, HR managers can automate HR processes to reduce the management time spent on common tasks and easily route information for approval as required.

 

• Organizational Structure and Directory.

   - Easily create and maintain a directory of company employees. Employees can quickly find and contact the right people in the organization, visually navigate the organization to understand individuals or teams, and adapt to its structure.

 

• Employee Records.

   - All information related to employees is stored in their personnel files, including their location, employment, salary history, promotions, and more.

 

• Compliance.

   - Ensure that only authorized personnel make the correct changes by restricting NetSuite administrators' access to confidential employee information. Create an audit trail with accurate data and change rationale using current and future effective dates to meet compliance requirements.

 

Workforce Management

Increase the efficiency of common processes such as leave, onboarding, or offboarding to reduce the burden on HR staff.

 

• Leave Management.

   - Automate the process of employees requesting leave and managers approving requests. During this process, both employees and managers receive notifications of potential conflicts, making approval decisions easier while ensuring staffing levels meet operational needs. Once a request is approved, leave balances are automatically updated, and companies can set controls to enforce policies so that employees don't take too much leave—or the company overpays when employees leave.

 

• Compensation.

   - Track employee compensation information for reporting and analysis. HR administrators and managers gain a visual timeline to understand when compensation changes occur throughout the employee lifecycle.

 

• Benefits Tracking.

   - Track and report on your company's benefits programs and costs so that HR and employees can access detailed information about plans in NetSuite, rather than using the benefits provider's website.

 

• HR Planning.

   - With NetSuite Planning and Budgeting, companies can create budgets and recruitment plans by automatically modeling future workforce needs using actual payroll, expense, and headcount information.

 

Employee Engagement

Whether you're an HR manager, finance manager, manager, or employee, getting work done and increasing work efficiency adds greater value to your company. Since SuitePeople is a native platform of the NetSuite platform, employees can log into one system to run spreadsheets, pay vendors, view salaries, request time off, initiate promotions, view dashboards, and recognize colleagues who do outstanding work.

 

• Employee Recognition.

   - Recognize employees for their professional achievements and milestones. SuitePeople Kudos provides a way to foster a positive work culture and improve retention and reduce turnover costs by allowing employees to publicly acknowledge the contributions and achievements of their colleagues, and using data from Kudos to establish performance metrics that can identify top talent during performance review periods.

 

• Employee and Manager Self-Service.

   - Through the Employee Center, both employees and managers can perform common tasks via self-service features, such as updating addresses, adding bank accounts, viewing leave balances, monitoring goal progress, and viewing copies of salary and expense reports. Managers can initiate changes such as promotions or transfers and approve leave requests, reducing reliance on HR staff, reducing the cost of handling common tasks, and improving the delivery of HR services.

 

• Onboarding/Offboarding.

   - Create onboarding checklists to help new employees feel welcome and improve work efficiency, while assigning tasks to other employees to make the onboarding process more efficient and complete. Integrated purchase requests ensure employee equipment is ready on day one. Offboarding checklists for departing employees ensure the return of company property, employees receive final salaries, and exit interviews are completed.

 

• Performance Management.

   - SuitePeople Performance Management centralizes and automates the employee goal management and performance review process. SuitePeople not only improves the efficiency of performance management but also keeps employees engaged by helping to set goals, monitor progress, and recognize achievements. Employees and managers can collaborate on goals, easily assess progress, and provide reflections on past performance. Templates, scheduling functions, and customizable reports help HR leaders provide a more intuitive and efficient review process.

 

Analytics and Reporting

Most companies struggle to analyze their trusted employees because the information is too fragmented or largely unstructured. Consolidating all this information quickly enough to make necessary decisions is time-consuming. But when all HR data is centralized in NetSuite, HR leaders and managers can quickly access the data they need, and finance leaders can understand how employee performance impacts financial performance in one place.

 

• Dashboards and KPIs.

   - Pre-built dashboards enable HR to monitor KPIs and become more strategic business partners to senior leaders and recruiting managers.

 

• Standard and Ad hoc Reporting.

   - NetSuite provides the data-driven insights you need to build a more engaged, diverse, and resilient workforce. Pre-built reports are standard, and you can easily modify or build your own reports, supporting graphics and charts with data, from summaries to detailed source transactions and records. Human resources is a constantly evolving field, with laws, rules, and policies changing, and having a flexible system can more easily maintain your HR department.

 

Hitpoint Cloud is headquartered in Shanghai, with branches in Shenzhen, Beijing, and Nanjing. The Hitpoint Cloud team has been focusing on Oracle NetSuite products since 2009 and is a multi-year star partner of Oracle NetSuite, providing cloud computing solutions for various modules including finance, distribution, project management, and e-commerce. With extensive experience in the implementation, localization, secondary development, and training of Oracle NetSuite, the team supports customer operations with a staff of over a hundred, committed to enabling every customer in the cloud era to unleash potential and achieve greater success, helping businesses "intelligently" win the future.