PREPARING FOR strongRECOVERYstrong - Wipro.pdfVIP

PREPARING FOR RECOVERY How HR directors can plan for economic growth Table of contents 03 Abstract 04 Europe on the Brink of Recovery 04 Addressing the impact of the downturn 05 The Changing Role of HR 07 Oracle Fusion HCM: A Cloud-Based HR System for the Modern Enterprise 08 Preparing for Recovery with Oracle Fusion HCM 09 Making a Rapid Transition to Oracle Fusion HCM with Wipro SprintHR Abstract As Europe stands poised for economic recovery, opportunities are emerging for This white paper reviews the impact of the downturn on the European businesses that can move fast to capitalise on the early signs of growth. But first, workforce and the European HR function, and explores what HR leaders across they must move fast to address the weaknesses caused by five or more years the continent need to do now to prepare their organisation rapidly for growth. of economic stagnation, and which have put many companies at a competitive It finds that HR will be unable to succeed in this endeavour without modern disadvantage compared to newer startups and competitors from more dynamic tools for talent management, HR service delivery and workforce analytics. economies. It proposes Oracle Fusion HCM in the cloud as a fast and cost-effective solution HR has a key role to play in addressing those weaknesses and ensuring that the to these shortcomings, and sets out how Wipro can help European organisations workforce is in good shape to compete and succeed in the new, global, social to move to Oracle Fusion HCM quickly and effectively in order to create a solid and real-time world. But first, HR must get its own house in