What is the purpose of the Global HR module in Oracle HCM Cloud?

The Global HR module in Oracle HCM Cloud is primarily designed to manage employee life cycles and records, making it an essential component for comprehensive human resources management. This module encompasses a wide range of functionalities, such as managing employee details from onboarding to termination, tracking job assignments, and maintaining compliance with various regulatory requirements globally.

Effectively managing employee life cycles includes keeping accurate records of employee demographics, support for international HR processes, and ensuring data integrity throughout an employee's tenure with the organization. By centralizing this information, organizations can ensure they have access to up-to-date employee records for reporting, compliance, and decision-making.

While payroll processes, workforce analytics, and training and development are critical aspects of human resource management, they fall under different modules or functional areas within Oracle HCM Cloud. The Global HR module specifically streamlines and manages the life events and organizational information pertinent to every employee, which is why this is the correct response regarding its purpose.