Oracle HRMS Compensation Online Training Ecorptrainings

Oracle HRMS Compensation Online Training Ecorptrainings

Compensation Workbench (CWB) allows managers and compensation professionals to plan, model, and allocate budgets and awards on a global basis across multiple currencies. Users can distribute budgets and compensation based on guidelines, see a worksheet view of employees, their performance ratings and total compensation. They can also promote employees and give them new performance ratings and rankings. Analytics provide internal and external comparisons, statistical analysis, compensation history, and overviews of current budgets and allocations so managers can make decisions that support business objectives. All of this is done within a secure environment with a configurable notifications and approvals workflow.
Course Content
Introduction to Compensation and Benefits
Total Compensation Framework
Introduction to Benefits Management
Introduction to Compensation Management
Total Compensation Elements
Introducing Elements
Defining Elements
Controlling Eligibility and Costing for Elements
Planning Methods of Entry
Using Batch Element Entry
Participant Eligibility
Introducing Eligibility
Defining Derived Eligibility Factors
Defining Participant Eligibility Profiles
Compensation Objects
Introducing the Compensation Object Hierarchy
Defining Plan Types and Options
Defining Plans and Programs
Running Plan Design Copy
Standard and Variable Rates
Defining Standard Contributions and Distributions
Defining Variable Rate Profiles
System Extract
Defining a System Extract: Overview and Layout Definition
Defining System Extract Criteria
Running a System Extract
Using HR/Payroll Extracts