Oracle HCM Cloud: Compensation Ed 4 -

Oracle HCM Cloud: Compensation Ed 4

Duration : 5 Days (40 Hours)

Overview

Course Details

Prerequisites

Oracle HCM Cloud: Compensation Ed 4 Course Overview:

The Oracle HCM Cloud: Compensation Ed 4 course is designed to enable learners to leverage compensation and reward management solutions for maximizing the value of an organization’s human capital assets. Through comprehensive instruction, participants gain insights into building a robust compensation and reward system, formulating strategies to enhance pay programs, and aligning rewards with organizational policies. The curriculum encompasses essential aspects like job evaluation, salary scales, global compensation plans, pay program creation, and performance-optimized reward system design. Furthermore, participants acquire skills in managing employee salary components, staying abreast of compensation trends, and effectively communicating pay decisions. By course completion, learners should proficiently assess factors for effective compensation and rewards, making informed decisions to motivate and retain employees successfully.

Intended Audience:

Human resource (HR) professionals
Members of HR staff
Compensation specialists
HR directors
Human resources specialists
HR managers
Payroll professionals
Finance professionals
Business owners
Company executives
Professionals involved in compensation management
Individuals seeking to enhance their understanding of compensation concepts
Those with some knowledge of HCM Cloud or related software
Anyone responsible for ensuring the compliance and effectiveness of the company’s compensation system.

Learning Objectives of Oracle HCM Cloud: Compensation Ed 4:

The Oracle HCM Cloud: Compensation Ed 4 Training aims to equip participants with a comprehensive comprehension of HR management strategies for implementing and overseeing the Oracle HCM Cloud Compensation module. Attendees will gain expertise in evaluating compensation plans, configuring salary grades and structures, utilizing compensation periods, and reviewing regulatory rules. The course also delves into compensation planning concepts, performance ratings, tiered service increases, cost analysis, and policy development. Encompassing mid-year and year-end compensation program design and implementation, the training ensures participants possess the proficiency to efficiently utilize the Oracle HCM Cloud system for compensation activities.

Module 1: Course Overview

Lesson and Course Objectives
Course Materials and Information Sources
Course Schedule

Module 2: 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
Auditing Compensation Business Objects

Module 3: Functional Setup Manager: Enabling Offerings for Initial Use

Implementing Oracle Fusion Applications
Job Roles with Functional Setup User Permissions
Functional Setup Methodology
Progressive Decision Making with Offering Heirarchy
Enabling Offering and Functional Areas for Implementation

Module 4: Define Workforce Structures

Employment Models

Module 5: Define Derived Factors and Eligibility Profiles

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

Module 6: 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

Module 7: 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

Module 8: Define and Manage Individual Compensation

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

Module 9: Manage Workforce Compensation Plans Overview

Workforce Compensation Key Features and Capabilities
Global Settings
Defining Workforce Compensation

Module 10: Configure Workforce Compensation Plan Foundation

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

Module 11: Configure Workforce Compensation Budgets

Budgeting
Budget Page Layout

Module 12: 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

Module 13: Configure Workforce Compensation Models and Reports

Modeling
Reports
Report Dimensions
Filters

Module 14: Validate Workforce Compensation Plans

Validating Plan Setup
Validation Results
Start Compensation Cycle Process

Module 15: Manage Compensation Models and Budgets

Managing Compensation Models
Managing Budgets

Module 16: Manage Workforce Compensation

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

Module 17: Administer Workforce Compensation

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

Module 18: Define Total Compensation Statements

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

Oracle HCM Cloud: Compensation Ed 4 Course Prerequisites:

There are no prerequisites for the Oracle HCM Cloud: Compensation Ed 4 Training.

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Convenience
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Interaction and collaboration
Networking opportunities
Real-time feedback
Personal attention

Onsite

Familiar environment
Confidentiality
Team building
Immediate application

Training Exclusives

This course comes with following benefits:

Practice Labs.
Get Trained by Certified Trainers.
Access to the recordings of your class sessions for 90 days.
Digital courseware
Experience 24*7 learner support.

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