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Kotak HR Challenges

Kotak Mahindra Bank chose Oracle Cloud HCM for its ease of use on mobile devices, ease of migrating from their previous on-premises systems, and cost and scalability benefits. This allowed them to create a single mobile app for employees and automate paper-based HR processes. They estimate savings of Rs. 15 lakh per year through reduced printing and courier costs. Productivity and the user experience have also improved. Kotak plans for inorganic growth through acquisitions but this could introduce challenges like different pay structures, duplicated roles, and increased workforce diversity and mobility requirements that Oracle Cloud HCM will need to support at scale.

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620 views1 page

Kotak HR Challenges

Kotak Mahindra Bank chose Oracle Cloud HCM for its ease of use on mobile devices, ease of migrating from their previous on-premises systems, and cost and scalability benefits. This allowed them to create a single mobile app for employees and automate paper-based HR processes. They estimate savings of Rs. 15 lakh per year through reduced printing and courier costs. Productivity and the user experience have also improved. Kotak plans for inorganic growth through acquisitions but this could introduce challenges like different pay structures, duplicated roles, and increased workforce diversity and mobility requirements that Oracle Cloud HCM will need to support at scale.

Uploaded by

somanathan1252
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Kotak chose Oracle HCM—aug 2021 article by Oracle

Reasons for chosing


1. Kotak Mahindra selected Oracle Cloud HCM was due to its ease of use on mobile
devices. This helped the organization create an internal mobile app and provide a
single point of access for employees, further supporting adoption.
2. Ease of migration from Oracle E-Business Suite and on-premises systems to Oracle
Cloud HCM was another key driver. C
3. Cost, scalability, and future readiness also were factors in Kotak Mahindra’s decision
to move forward with Oracle.
Benefits as per oracle
 Before adopting Oracle Cloud HCM, the bank had multiple on-premises HR systems,
leading to greater maintenance effort and fragmented employee experiences. The
move to a platform that could manage a large and diverse employee database as well
as different business priorities was a plus.
 Oracle Learning and Oracle Recruiting within Oracle Talent Management helped to
automate paperless processes and also to move offline workflows online. The
integration of HR processes with organizational processes was another notable result.
 By enabling digital signatures, online communications, and paperless workflows, the
company estimates a cost savings of about Rs 15 lakh per year by drastically cutting
printing and courier costs.
 Due to the self-service modules, the efficency and productivity of the organization
has increased while the user experience has improved

Company plans to grow inorganically as per recent statement


This can bring in challenges of integration like they faced when they acquired ING Vysya
bank in 2014.
Some challenges that could come up during this time are
1. Different pay structure to Kotak bank
2. Duplication of roles in region/areas
3. Increased distribution network meaning increase in scale
4. Branch level operating processes might be different including HR policies
5. Mostly new acquisitions might be to expand into rural areas as Kotak has good
presence in tier 1 and 2 cities. So this might mean increase in diversity of workforce
6. Increased penetration means increased employee mobility-need for HR benefits at
far off places
7. Potential of strong unions if acquisition is of strong regional banks(eg. If Kotak
acquires say a South Indian Bank)
8.

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