Oracle HCM Cloud: Compensation

Duration: 5 Days

What you will learn

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.

Learn To:

Define elements, balances and formulas.
Create and assign salary bases and award various individual compensation plans.
Define eligibility profiles.
Configure and manage workforce compensation budgets and models.
Define and manage base pay and individual compensation.
Configure, validate, view, manage and administer workforce compensation plans.
Configure and view total compensation statements.
Create one workforce compensation plan, including budgets, worksheets, models & reports.
Develop, generate and view a total compensation statement.

Benefits to You

Ensure a smooth, rapid implementation of Compensation. Better understand the configuration options so you can make
improved decisions during your implementation. Optimize the set up and efficiently manage total compensation plans,
including base salaries, bonuses and equity.
Oracle Fusion HCM
Learn how Oracle Fusion uses job and data roles, role inheritance and security privileges to secure application
functionality and data access. You’ll learn the differences and similarities between the simplified and desktop user
interface elements.
Oracle Fusion Compensation
This course will help you understand Oracle Fusion employment models as they relate to compensation. You’ll create
payroll elements for compensation and set up and manage base pay, individual compensation plans, and workforce
compensation plans. You’ll also define and generate total compensation statements.
Please Note:
This course is relevant for any customers using Fusion Applications through Release 11.1.12. This course is appropriate
for both Oracle Cloud and on-premises deployments.
This course includes a preview of Release 13 new features

Audience

Configuration Consultant
Configuration Implementer
End Users
Functional Implementer
Implementation Consultant
Technical Administrator
Technical Consultant

Course Objectives

Validate your setup by entering data and performing common Compensation processes
Use Compensation to perform functional (or transactional) tasks
Identify the key concepts of Compensation that determine a successful implementation
Set up individual and workforce compensation plans

Course Topics

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
Auditing Compensation Business Objects

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

Define Workforce Structures

Employment Models

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

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