REDWOOD SHORES, Calif., July 3, 2002 - Oracle Corp.(NASDAQ: ORCL), the world's largest enterprise software vendor, today announced the availability of Oracle iRecruitment, a new module for the Oracle® Human Resources Management System (HRMS), a key component of the Oracle E-Business Suite. Oracle iRecruitment is a full-cycle recruiting solution focused on the manager-recruiter-candidate hiring relationship that fully automates the entire recruitment process. The integration of Oracle iRecruitment with the Oracle HRMS and Oracle E-Business Suite allows users to leverage existing capabilities delivered by the Oracle E-Business Suite while taking advantage of the functionality created by this new offering.
Oracle iRecruitment delivers to both managers and recruiters the ability to manage all aspects of the recruiting cycle via a self-service interface. These functions include the ability to:
* create requisitions;
* define job postings for internal and external publication;
* attract and search for appropriate candidates;
* manage applicants through the entire interview and selection
process;
* submit job offers to candidates; and,
* automate the entry of new hires into the Oracle HRMS, with no
re-entry of data, following offer acceptance.
Oracle iRecruitment also allows internal and external candidates and applicants to submit, monitor and progress their application through the Oracle iRecruitment candidate portal. These include searching and applying for jobs, specifying match criteria and creating alert mechanisms for future opportunities, maintaining a profile or resume for application purposes, monitoring and progressing applications through the recruitment cycle, reviewing and responding to offers extended and completing necessary details to finish the hiring process.
Another key capability available within the application is the ability to relate the evaluation of hiring successes to organizational recruiting techniques through a common performance assessment process. This allows users of Oracle iRecruitment to continuously improve their processes to achieve a high standard of hiring practices.
Additionally, Oracle iRecruitment delivers multiple integrations to third party applications. These include the ability to initiate and review background checks during the recruitment cycle, post job opportunities to external job boards through the HR-XML standards and extract candidate details from electronic documents (i.e resumes, cover letters, etc.) to create candidate profiles.
"Oracle iRecruitment is the industry's first complete solution for managing the entire recruitment cycle process from end to end with full integration to Oracle HRMS and the Oracle E-Business Suite," said Joel Summers, senior vice president, HRMS product development, Oracle Corporation. "Furthermore, Oracle iRecruitment delivers easy to use interfaces that enable managers, recruiters and candidates to efficiently and effectively fill opportunities while reducing costs and delays in the hiring process."
The Oracle E-Business Suite
The Oracle E-Business Suite is the industry's first integrated suite of Internet business applications that automates critical business processes, offering customers unprecedented choice and flexibility in implementing business applications. Its open architecture and single data model allow applications to be deployed as individual modules, business flows, or as an entire integrated suite. The Oracle E-Business Suite is offered as traditional software on CD ROMs or as an outsourced service.
About Oracle
Oracle is the world's largest enterprise software company. For more information about Oracle, visit our website at www.oracle.com.
Trademarks
Oracle is a registered trademark of Oracle International Corporation. Other names may be trademarks of their respective owners.
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