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Oracle HCM Cloud: Compensation

Oracle HCM Cloud: Compensation 

This Oracle HCM Cloud: Compensation training teaches you how to implement, configure, and use Oracle Fusion Compensation. You'll learn how to use this solution to manage base pay, individual compensation, workforce compensation, and total compensation statements, while exploring compensation setup and management tasks through interactive instruction, discussions, demonstrations, and hands-on activities.

Suggested Prerequisites:
  • Introduction to Oracle HCM Cloud
Course Duration: 40hrs

Course Content:

Compensation Course Overview

  • Lesson and Course Objectives
  • Course Materials and Information Sources
  • Course Schedule

Oracle Fusion HCM and Compensation Overview

  • Oracle Fusion Deployment Options
  • Introducing Key Processes and Concepts of Compensation
  • Introducing Oracle Fusion Applications Help
  • Role-Based Access Control
  • Role Types
  • Security Reference Implementation
  • Separation of Compensation and Total Compensation Duties by Job Role

Introduction to the Oracle Fusion Applications User Interface

  • Oracle Fusion Application User Interface (UI)
  • Simplified and Desktop UI Elements

Define Workforce Structures

  • Employment Models

Define Eligibility Profiles

  • Defining Eligibility
  • Managing Derived Factors
  • Planning and Prerequisites for Eligibility Profiles
  • Setting the Eligibility Profile Definition
  • Defining Eligibility Criteria

Define Elements, Balances and Formulas

  • Manage Fast Formulas
  • Managing Payroll Elements
  • Element Templates
  • Element Entries and Input Values
  • Element Eligibility Criteria
  • Balance Feeds
  • Element Classifications
  • Elements and the Payroll Employment Model

Define and Manage Base Pay

  • Grade Rate
  • Validating Salary Using Grade Rates
  • Progression Grade Ladders
  • Salary Terminology and Salary Basis
  • Base Pay Frequencies and Annualization Factors
  • Salary Components
  • Managing Base Pay
  • Entering and Adjusting Salaries

Define and Manage Individual Compensation

  • Actions
  • Individual Compensation Plans
  • Managing Individual Compensation and Personal Contributions
  • Managing Compensation
  • Variable Allocation Approvals
  • Introducing Compensation History

Manage Workforce Compensation Plans Overview

  • Workforce Compensation Key Features and Capabilities
  • Global Settings
  • Defining Workforce Compensation

Configure Workforce Compensation Plan Foundation

  • Manage Compensation Plans
  • Plan Details
  • Plan Eligibility
  • Plan Cycles
  • Plan Hierarchies
  • Plan Currency
  • Plan Access
  • Feedback Survey

Configure Workforce Compensation Budgets

  • Budgeting
  • Budget Page Layout

Configure Workforce Compensation Worksheets

  • Compensation Components
  • Performance Ratings
  • Approvals and Alternate Approver Hierarchies
  • Compensation Change Statements
  • Worksheet Display and Page Layout
  • Configuring Column Properties and Dynamic Columns
  • Default Worksheet Display
  • Alerts

Configure Workforce Compensation Models and Reports

  • Modeling
  • Reports
  • Report Dimensions
  • Filters

Validate Workforce Compensation Plans

  • Validating Plan Setup
  • Validation Results
  • Start Compensation Cycle Process

Manage Compensation Models and Budgets

  • Managing Compensation Models
  • Managing Budgets

Manage Workforce Compensation

  • Compensation Plans
  • Managing Compensation Plans
  • Viewing Reports and Analytics
  • Approving Worksheets
  • Generating Compensation Statements

Administer Workforce Compensation

  • Compensation Work Area
  • Global Models
  • Active Plans
  • Administering Workers
  • Administration Reports
  • Batch Process

Define Total Compensation Statements

  • Total Compensation Statements
  • Compensation Items and Source Types
  • Compensation Categories
  • Statement Definitions
  • Monitoring Processes and Viewing Statements

Course Summary

  • Course Key Concepts

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