Learn Oracle HCM Compensation @ Future Proof Training

Welcome to this comprehensive review of implementing and supporting Oracle's Fusion HCM Workforce Compensation module. This course will give you an end-to-end walk-through of setting up and administering Workforce Compensation. Whether you are live on HCM cloud already, about to start an implementation or are right in the middle of a project, this course will help you understand the ins and outs of one of the most popular applications in the Oracle HCM suite.

In this course, you will learn about:

Setting Up Base Pay

• Explain salary basis
• Describe salary components
• Manage base pay
• Grade rates
• Manage salary range differentials
• Configure progression grade ladders
• Manage grade ladder groups
• Determine salary using the Progression processes
• Configure compensation zones

Configuring Individual Compensation

• Define individual compensation plans
• Define variable allocation approvals
• Configure compensation history
• Manage personal contributions
• Configure individual compensation

Configuring and Administering Workforce Compensation

• Define compensation plan design choices
• Explain compensation worksheets
• Manage models and budgets
• Manage and administer compensation plans
• Set up plan cycles
• Configure budget page layouts
• Configure performance ratings
• Implement approvals
• Administer compensation plans
• Configure plan access
• Manage compensation change statements

Generating Total Compensation Statements

• Explain total compensation statements
• Manage statement definitions
• Generate total compensation statements
• Configure compensation items
• Set up compensation categories

Validating Workforce Compensation Plans and Batch Processes

• Validate workforce compensation plans
• Implement compensation processes
• Execute related batch processes