Oracle HCM Cloud: Workforce Compensation
Duration : 2 Days (16 Hours)
Oracle HCM Cloud: Workforce Compensation Course Overview:
The Oracle HCM Cloud: Workforce Compensation certification validates expertise in implementing Oracle HCM Cloud solutions, with a focus on workforce compensation. It confirms proficiency in using features, functionalities, and best practices related to the application. Industries use this certification to hire professionals who can effectively manage employee compensation and rewards strategies, integrating them with core HR processes. Key concepts covered include compensation structure, communication, analysis, reporting, and legislative compliance within the Oracle HCM Cloud system.
Intended Audience:
- HR professionals
- Compensation analysts
- Payroll administrators
- Benefit specialists
- HRIS analysts
- HR consultants
- Business analysts involved in HCM Cloud implementation projects
- Implementation consultants
- Project managers in HCM Cloud implementation projects
- IT professionals responsible for maintaining and customizing the compensation module, such as system administrators, application developers, and integration specialists.
Learning Objectives of Oracle HCM Cloud: Workforce Compensation:
1. Understand the fundamentals of Oracle HCM Cloud and its role in managing workforce compensation.
2. Gain insight into the architecture and components of Oracle HCM Cloud: Workforce Compensation.
3. Learn how to configure compensation plans, models, and budgets to meet specific business needs.
4. Develop the ability to set up and manage compensation cycles, including eligibility and participation rules.
5. Understand best practices for managing multiple currencies, payroll integrations, and advanced modeling.
6. Become proficient in setting up and using Workforce Compensation analytics, reports, and dashboards.
7. Learn how to effectively administer compensation reviews and approvals, ensuring compliance with organizational policies.
8. Master the skill of effectively communicating compensation plans and changes to employees.
9. Become familiar with the tools and resources available for troubleshooting and maintaining workforce compensation systems.
10. Enhance overall expertise in HR operations, strategic planning, and workforce management by utilizing Oracle HCM Cloud: Workforce Compensation.
Module 1: Compensation Overview
Module 2: Derived Factor
Module 3: Eligibility Profiles
Module 4: Global Settings
Module 5: Plan Foundation
Module 6: Budgets
Module 7: Compensation Components and Performance Ratings
Module 8: Approvals and Compensation Change Statements
Module 9: Worksheet Display
Module 10: Alerts and Individual Worker Display
Module 11: Models and Reports
Module 12: Validation and Processing Plans
Module 13: Models and Budgets
Module 14: Administer Workforce Compensation
Module 15: Auditing Compensation
Module 16: Information Resources
Oracle HCM Cloud: Workforce Compensation Course Prerequisites:
There are a few prerequisites for Oracle HCM Cloud: Workforce Compensation Training. Although exact requirements may differ based on the training provider, these prerequisites are commonly expected:
1. Prior Experience: Being familiar with human capital management processes will help you gain better insights during the course.
2. Oracle HCM Cloud Familiarity: Basic understanding and experience with Oracle HCM Cloud Core HR Module is recommended for this training to understand its integration with Workforce Compensation.
3. Technical Skills: Familiarity with basic SQL and reporting tools such as BI Publisher or OTBI will be advantageous in understanding the reporting aspects of Workforce Compensation.
4. Access to Oracle HCM Cloud: Access to Oracle HCM Cloud instance might be needed to perform hands-on exercises during the training sessions. Some training providers might provide a demo environment for practicing purposes.
5. Training Materials: Obtaining the official Oracle training materials, such as Student Guide and Lab Guide, might be necessary if enrolling in a training course offered by Oracle University.
Discover the perfect fit for your learning journey
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Live Online
- Convenience
- Cost-effective
- Self-paced learning
- Scalability
Classroom
- 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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