This article explains about the Oracle Taleo offering from Oracle.
In this fast-paced world with advancing technologies, companies and businesses require a lot of applications and software that help them save their time and increase their productivity by doing certain time-consuming jobs. One such requirement in today’s world is software that can help companies automate their hiring processes, save time, and improve the candidate experience. In this article, we will talk about Oracle Taleo that is one of the best talent management software.
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Oracle Taleo Tutorial – Table of Contents
What is Oracle Taleo?
Taleo is a cloud-based recruitment platform and talent management software that was acquired by Oracle in February 2012. Firstly, it helps the companies find the talent that they need for fulfilling their requirements. There are two versions of Taleo Suite that Oracle offers. One is enterprise-based and the other is small to medium-sized businesses based. Secondly, this software consists of modules for performance management, recruiting, learning, onboarding, development, compensation management, and succession planning. Lastly, it connects with different types of data sources to access the best quality candidates. Also, it performs crucial functions such as streamlining follow-ups, screening applicants, and providing data about the efficiency of the recruitment process. In conclusion, it automates the entire recruitment process from sourcing, engagement, and final onboarding.
Why Oracle Taleo?
There are a lot of long-term competitive advantages in hiring better employees for the organization. It can lead to increased revenue growth and customer satisfaction. Oracle Taleo Cloud provides exceptional recruiting services that help the organizations reach a prime state by automating the recruitment process and giving talent intelligence from the data gained during the hiring process. Hence, the organizations can cut costs, find the best talent, improve the recruiting efficiency, hire the right people, increase productivity, and build better talent pools. To meet the company goals, it provides various services such as recruiting cloud service, onboarding cloud service, performance management cloud service, learn cloud service, and succession planning cloud services that not only pay attention to hiring the best talent but also doing so with compliance in fair hiring practices.
Why you should use Oracle Taleo?
The marketplace is highly crowded with recruitment software. It is quite obvious that people will want to choose the software which will best suit their enterprise. Oracle Taleo Cloud has all the must-have features that an enterprise needs to fulfill its present and future requirements. Here is why one should use Oracle Taleo Cloud:
- This software can integrate with the highest number of data sources needed by the organization. It includes social media, third-party staffing platforms, job boards, emails, and several other talent sourcing areas. Moreover, it has a sort and filter capability to help the organization find the best talent.
- Attracting and retaining the candidates to your company is important that is why this application approaches the hiring process as a marketing campaign and sales. It properly deploys recruitment marketing initiatives.
- There can be a lot of recommendations and applications for the job position and it is very difficult to shortlist the actionable list of candidates manually. Oracle Taleo Cloud does the resume screening and gives you the list of best candidates according to your preferences.
- This application is an analytics-driven recruitment software that gathers data and extracts useful insights such as candidate experience, sustainable time and cost, etc.
Learn Oracle Taleo to Unleash a Modern Career
Oracle Taleo Features
The performance of a company hugely depends on its talent and employees. With Oracle Taleo Cloud, the organizations can get a unified view of their talent pool and actionable insights into their talent practices. Besides that, it provides the following features to its users:
- Anytime, anywhere recruiting: It helps to capture the candidate’s information and matching it to the requests through e-mail or internet browser without the need of logging in to the application.
- Social sourcing: This software enhances the candidate experience. It does so with the career sites that include RSS feeds and uses the power of Facebook and LinkedIn.
- Reporting and analytics: It lets the users gain insights from where the high potential employees and top performers are coming from by using tools and information.
- Screening and assessments: Multitiered screening and assessment tools help the organization in hiring better people faster and disqualifying candidates by questioning their abilities, experience, etc.
- Interview and offer management: To make compelling offers and conduct effective interviews, the managers can easily find the information they are looking for with the help of this software.
- Employment branding and career sites: A strong employment brand, tailored candidate portals, and an engaging career site can attract passive candidates.
- Precision matching: Precisely matches all kinds of talent to open positions, allow using advanced search, and helps find and shortlist the best talent.
- Applicant tracking and compliance: It assists the users to create a consistent and legal applicant selection process reducing the exposure to lawsuits and cutting the administrative cost.
- Proven integration: It is an open platform with advanced integration tools providing solutions for assessments, tax screening, drug screening, background checks, etc from certified partners.
- Compensation Management and social recruiting: Helps to recruit candidates from various social media platforms and provides a compensation management platform for making raise adjustments, bonus calculations, performing cost analysis, and managing pay-for-performance strategies.
Oracle Taleo Architecture
The architecture of Oracle Taleo Cloud is quite simple. All that the architecture does is to import the information from the Taleo Enterprise Cloud to its e-business suite. It follows the following steps:
- The main integration sends a request to the SOAP wrapper. It is present in the Oracle Java Cloud Service instance.
- The SOAP wrapper then submits a connect client export job. It installs the Taleo Connect Client on Oracle Java Cloud Service host.
- The new candidate’s records are exported to the Enterprise Cloud Service. It saves the record as a .csv file.
- Oracle Integration then uses the File Transfer Protocol to transfer the file to a temporary directory on the Oracle Integration Cloud host.
- Each record in the file is read and the data is sent to a second integration. It uses the Oracle E-business suite for importing the data. The second integration returns the employee number to the main integration.
- Then, the main integration uses the File Transfer Protocol to transfer the file correlating to each candidate with a new employee number to a location on Java Cloud Service.
- A request is sent to the SOAP wrapper where it starts a Taleo Connect Client import job. At last, the candidate’s records are updated along with the employee number from the new file that was uploaded to a new location.
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Oracle Taleo Benefits
The Oracle Taleo Cloud has talent intelligence that delivers perfect results of recruiting automation. It does the job perfectly and it provides its users with the following benefits:
- Whether the company needs to hire candidates in bulk, find candidates for hard-to-fill positions, or streamline the recruitment process, this software does everything and enables the company to hire the top talent.
- It not only hires people, but it also understands the key competencies, gives information about sources of top performers, ensures the quality of hire, and aligns new talents to the organizational goals.
- The software with the help of sourcing tools and the power of social media provides active candidates to the company.
- Another equally important benefit is that it makes the screening of candidates easier with advanced search and quick filter technology.
- It gives an intuitive user experience to the candidates, recruiters, and managers.
- Data-driven decisions can be made by analyzing and tracking assessments and candidate communications. As a result, it optimizes recruiting efforts.
- It allows making hiring decisions at the speed of business. Moreover, it improves efficiency, boosts applications, and hires faster with its engaging user interface.
- Last but not least, it improves the quality of hire by 33% and process efficiency by 50% thus saves millions in recruiting costs.
Oracle Taleo New Offerings
The Oracle Taleo Cloud drives effective talent acquisition within modern enterprises. This solution enables management of job positions, approval of candidates, candidate selection workflow, superior experience, employee onboarding, and job offers. Oracle Corporation continues to invest in the user experience for the external and internal candidates, hiring managers, HR administrators, recruiters, etc. It develops modern interfaces with configurable decisions, actionable business insights, reporting, multi-device support, and adherence to the hiring rules. A lot of changes have been made and a lot of new functions have been added. For example, evaluation management, submission of user-defined fields availability changes, enhanced security, site pages, session timeout, location selector, identity provider, and many more to enhance the working of the software.
Advantages and Disadvantages of Oracle Taleo
The Oracle Taleo or talent acquisition cloud gets the talent management processes up. Furthermore, it puts the organization in a position to grow the solutions as talent management needs to evolve. However, there are a few pros and cons of this software which sums it up entirely. They are:
Advantages –
- The application is very customizable which allows the creation of various user experiences.
- Generally, the system is intuitive even for new users or non-technical staff.
- It provides strong offerings such as career planning, goal alignment, and individual performance management
- It is an effective platform for various functions such as candidate tracking, good applicant communication tools, pre-screening, posting easily to external job boards, etc.
- Reporting can prove to be less flexible for non-technical users. However, it provides useful hiring metrics for advanced users.
Disadvantages –
- The configuration can prove to be a bit challenging. Onboarding capabilities are not as spontaneous as other different modules.
- Customer services are significantly worsening since Oracle took over. They take a long response time and lack good services.
- It is not cost-effective for small organizations.
- Occasional crashes and system latency are becoming quite common. Many users report these problems.
- Lastly, the search function is very limited.