Case Study: NEXTCHIP Co., Ltd. achieves 50% shorter performance review cycle and 360-degree employee visibility with Oracle HCM Cloud (Oracle)

Nextchip Modernizes Performance Management Processes With Oracle Hcm Cloud

NEXTCHIP Co., Ltd., a fabless semiconductor designer for video security, automotive imaging, and consumer products, was hampered by paper-based performance reviews that were slow, unreliable, and offered only top-down feedback. The company needed a structured, efficient evaluation workflow that would deliver a 360-degree view of employee performance, support more frequent reviews, and align individual goals with business objectives.

Working with Oracle Korea, NEXTCHIP deployed Oracle Human Capital Management Cloud and Oracle Performance Management in six weeks to automate reviews and enable multiple-rater assessments. The change cut the review cycle in half (from 20 to 10 days), gave managers broader insight into competencies, supported more frequent and data-driven talent decisions via dashboards, improved retention, and helped align employee performance with company goals.

NEXTCHIP Co., Ltd.

Choi Jong Hyun

CFO