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Oracle HRMS -HCM Compensation

Oracle HRMS -HCM Compensation

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 1Month/10 Hours                                                  Price:90,000

                                                                                     80,000

Oracle HRMS -HCM Compensation


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.

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.



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

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

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