Standard Life improves its ability to reward and retain talent
Customer Company Size
Large Corporate
Region
- Europe
Country
- United Kingdom
- France
Product
- Oracle Fusion Human Capital Management
- Oracle E-Business Suite
Tech Stack
- Oracle Cloud
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Employee Satisfaction
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Finance & Insurance
Applicable Functions
- Human Resources
Services
- Cloud Planning, Design & Implementation Services
- System Integration
About The Customer
Standard Life is a global financial services company that provides a range of financial products and services, including pensions, savings, insurance, and investment management. The company operates in various markets around the world, serving millions of customers. Standard Life is committed to helping its customers build a secure financial future and is constantly looking for ways to improve its services and operations. One of the key areas of focus for the company is human capital management, as it recognizes the importance of identifying, developing, and retaining talent across its global operations.
The Challenge
Standard Life, a global financial services company, wanted to identify, develop, and retain talent across its global operations. To enable meaningful comparisons of employee performance, its human capital management leadership team needed an integrated talent management and compensation solution. The company was using a legacy HR solution that was not efficient in managing core business functions such as payroll. The company needed a solution that would align performance, reward, and talent management processes and provide an integrated view of the workforce across the company.
The Solution
Standard Life worked with IBM Global Business Services to deploy Oracle Fusion Human Capital Management with Performance Management, Goal Management, Talent Review, Compensation Management, and Transactional Business Intelligence modules. The company also moved from its legacy HR solution to Oracle E-Business Suite to improve its ability to manage core business functions such as payroll. A proof-of-concept exercise was conducted at the IBM Innovation Center in La Gaude, France to mitigate risk during the implementation of Fusion HCM. The IBM and Standard Life teams defined a common global data model for HR, normalizing grades, assessment structures, and processes across all of the company’s legal entities and operating units.
Operational Impact
Quantitative Benefit
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