Human Capital Management: Compensation Cloud
Human Capital Management: Compensation Cloud
Increasing flexible work patterns have caused HR and managers to rethink how they manage and compensate their employees. Oracle Compensation delivers a complete compensation solution that supports compliance, promotes fairness, and helps attract and retain top talent. Part of Oracle Cloud HCM, it uses real-time data to create, model, and manage compensation plans based on unique requirements.
Prerequisites
- Participants must have prior experience of implementing any HCM Applications (Oracle or non-Oracle)
- Participants must have attended Human Capital Management: Global Human Resources Cloud workshop
Course Offering
This 3-day workshop will train you how to implement common end-to-end processes associated with Oracle Compensation Cloud. These sessions are implementation focused and will be supported by use cases, best practices, tips & tricks, and hands on labs.
Business Flows and Use Cases
- Allocate Off Cycle Compensation
- Individual Compensation Plans
- Enabling Managers to allocate Off-Cycle Spot Bonus & Stock Options to eligible employees.
- Employee Personal Contributions
- Pay for Performance using Annual Compensation Cycle
- Workforce Compensation Plans
- Enabling Managers to allocate Merit Salary Increase, Annual Bonus & Stock Options to eligible employees based on Performance Ratings.
- Best Practices for configuring Workforce Compensation Plans
- Communicate Total Rewards to Employees
- Total Compensation Statements
- Best Practices for planning Statement Definitions
- Enabling Total Compensation Statement for Employees & Administrators
- Manage Employee Salaries
- Base Pay
- Progressing employees from one grade to another based on conditions.
Product Features covered as part of the above
- Eligibility Profiles for Compensation
- Compensation Elements
- Individual Compensation Plans
- Workforce Compensation Plans
- Total Compensation Statements
- Salary Basis
- Salary Range Differentials
- Grade Step Progression
Workshop Format
- Approximately 4 hours per day of live use-case discussions, presentations & demos followed by off-line hands-on labs.
- Participants will be provided with access to environment & supporting content including Presentations, Lab guides etc.
- Live Q&A chat with the presenters during the presentations. Off-line forum support through Oracle Partner Communities.
- Participants can bring and discuss specific use case scenarios with product experts.
Expected Outcome
- Participants will learn how to implement Oracle Compensation Cloud.
Instructors
Chaitanya Choudem
Additional Details
Registration information
Registration: This event is restricted to active OPN Members. In order to enroll for an event, you will be required to sign-in using your Oracle single sign-on account that is registered to your OPN Company Profile. If you do not have an Oracle account that has been registered to your OPN Company Profile, please create & setup your account from the Oracle Partner Store. Note: Only business email addresses are accepted for event registration. Please use your business email when setting up your Oracle account.
Event fee: No fee for active Oracle PartnerNetwork members.
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If you have questions regarding this event please contact the Partner Assistance Team.