Oracle HRMS | HCM Compensation planning course provides a thorough introduction to the Total Compensation Framework—the core set of Oracle HRMS features used to set up your compensation and benefits offerings. As a prerequisite, take this course before you implement Standard or Advanced Benefits, Compensation Workbench, Individual Compensation Distribution, Absence Management, or Grade/Step Progression. You learn to define elements to store compensation and benefits data and to manage and validate elements in sets using Batch Element Entry (BEE). Other topics show you how to define a hierarchy of compensation objects and to control eligibility and price tags for those objects. Lastly, you learn to use System Extract to manage third-party reporting.
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This course provides a thorough introduction to the Total Compensation Framework—the core set of Oracle HRMS features used to set up your compensation and benefits offerings. As a prerequisite, take this course before you implement Standard or Advanced Benefits, Compensation Workbench, Individual Compensation Distribution, Absence Management, or Grade/Step Progression. You learn to define elements to store compensation and benefits data and to manage and validate elements in sets using Batch Element Entry (BEE). Other topics show you how to define a hierarchy of compensation objects and to control eligibility and price tags for those objects. Lastly, you learn to use System Extract to manage third-party reporting.
Suggested Prerequisite
- Knowledge of common compensation and benefits administration practices
- Basic computing skills and understanding of Oracle Applications
Audience
- Functional Implementer
- End Users
- Business Analysts
- Project Manager
- Project Manager
- Sales Consultants
- Sales Consultants
- Sales Consultants
Key Learning
- Understand the HRMS Total Compensation model
- Define and manage elements
- Handle benefits enrollments
- Create system extracts
Course Objective
- Use the Total Compensation Framework to manage compensation and benefits for your enterprise
- Define elements to store compensation and benefits data
- Enter elements in batch
- Control eligibility through participant eligibility profiles
- Calculate derived factors, such as age or length of service, for use in participant eligibility profiles
- Structure your compensation and benefits offerings in Oracle HRMS
- Define compensation objects: programs, plan types, plans, and options
- Link participant eligibility profiles to compensation objects
- Define standard activity rates to calculate earnings and deductions and absence accruals
- Attach elements to standard rates
- Vary a standard activity rate by defining a variable rate
- Define the data elements and layout of a system extract
- Process a system extract
Course Topics
Introduction to Compensation and Benefits
- Introduction to Compensation Management
- Total Compensation Framework
- Introduction to Benefits Management
Total Compensation Elements
- Planning Methods of Entry
- Introducing Elements
- Using Batch Element Entry
- Controlling Eligibility and Costing for Elements
- Defining Elements
Participant Eligibility
- Defining Participant Eligibility Profiles
- Defining Derived Eligibility Factors
- Introducing Eligibility
Compensation Objects
- Defining Plans and Programs
- Running Plan Design Copy
- Defining Plan Types and Options
- Introducing the Compensation Object Hierarchy
Standard and Variable Rates
- Defining Standard Contributions and Distributions
- Defining Variable Rate Profiles
System Extract
- Running a System Extract
- Using HR/Payroll Extracts
- Defining System Extract Criteria
- Defining a System Extract: Overview and Layout Definition
Why omni
- Experienced & Accredited Trainers
- Accredited Training Material
- FREE Practice Examinations
- Excellent first attempt pass ratio
FREE Practice Exam
- Industry best Certifications Practice exams would be provided to students FREE of charges to ensure exam success
Job Interview Preparation (Soft Skills Questions & Answers)
- Tough Open-Ended Job Interview Questions
- What to Wear for Best Job Interview Attire
- Job Interview Question- What are You Passionate About?
- How to Prepare for a Job Promotion Interview
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Internships, Freelance and Full-Time Work opportunities
Flexible Class Options
- Week End Classes For Professionals SAT | SUN
- Corporate Group Trainings Available
- Online Classes – Live Virtual Class (L.V.C), Online Training
