Case Study: NEXTCHIP halves performance review cycles with Oracle Cloud HCM

NEXTCHIP modernizes performance management processes with Oracle HCM Cloud

NEXTCHIP Co., Ltd., a fabless semiconductor design company, faced challenges with its time-consuming and unreliable paper-based performance review process. To modernize this and gain a holistic view of employee performance, they chose to implement Oracle Cloud HCM, specifically its Oracle Talent Management and Oracle Performance Management Cloud Service solutions.

Oracle implemented a modern performance management system, which automated and standardized NEXTCHIP's evaluation workflows. The solution provided a 360-degree view of employee performance through multiple-rater reviews. As a result, Oracle helped NEXTCHIP cut its review cycle time in half, from 20 days to 10, giving managers immediate insight to improve talent retention and support business growth.

NEXTCHIP Co., Ltd.

Choi Jong Hyun

CFO