
Explore the general overview of Oracle Fusion HCM's workforce compensation, including plan-based salary, incentives, equity, data flows from core HR, and manager-led approvals.
Navigate the Oracle Fusion HCM workforce compensation ecosystem from the springboard to workforce compensation plans, histories, and statements, with manager, administrator, and employee self-service perspectives.
Configure a workforce compensation plan in Oracle Fusion HCM by detailing plan name, display order, frequency, annualization, and eligibility criteria, then validate and process the plan across foundation to processing.
Configure eligibility profiles to control who participates in workforce compensation by using inclusion and exclusion criteria, such as interns, hire date, and assignment, and test with multiple profiles.
Configure plan cycles and dates, and learn how evaluation, plan access, and worksheet update start and end dates affect your workforce compensation plan, including HR data extraction and currency conversion.
Configure and manage budgeting in workforce compensation for top-down and bottom-up budgeting, using budget pools, grouping, dynamic columns, and fast formulas for flexible, visible allocations.
Configure compensation change statements within the workforce compensation plan by mapping columns to an XML document, enabling cross referencing across plans and multi-component setups, with manager-delivered, self-service access.
Configure and optimize the compensation worksheet in Oracle Fusion hcm to tailor manager views, components, and dynamic columns, enabling budgeting, approvals, and communications for workforce plans.
Configure the default worksheet display, set alerts, and design the individual worker display in Oracle Fusion HCM - workforce compensation to monitor targets, changes, and per-employee insights.
Configure and view compensation history in the workforce compensation worksheet, including creating elements, managing country and legislative data group, and reviewing five-year trends for one time incentives and stock grants.
Configure assignment segments in Oracle Fusion HCM workforce compensation to display multiple bonus plan rows per employee. Learn to map data, manage eligibility, and deploy dynamic columns for incentive calculations.
Learn how to configure Oracle Fusion HCM market composites and load market data for the compensation worksheet, enabling job-based percentile insights, multiple composites, and market segments.
Configure performance calibration in Oracle Fusion HCM's workforce compensation to align ratings across teams. Leverage performance management data, bell curves, audits, and filters to support transparent calibration decisions.
Configure and use user defined tables in workforce compensation to store weights and results by business unit and company result, enabling fast formulas and HDL-based loading.
Configure and implement incentive plans in Oracle Fusion HCM workforce compensation. Learn key questions for requirements, data structures, eligibility, proration, overrides, assignment segments, and fast formulas.
Explore how to run and manage workforce compensation batch processes, refresh data, transfer results to core h.r., and post or back out changes using open cycles, eligibility, and alerts.
Learn to run a targeted workforce compensation refresh using a person selection formula to limit updates to specific employees, protecting manual changes and avoiding unintended global updates.
Learn to administer workforce compensation through active plans, global settings, and administration reports, including proxy manager access and worker administration for accurate pay calculations.
Manage workforce compensation by administering workers, updating eligible salaries, budgets, and performance data while safely reprocessing individual cases and preserving human resources records.
NOTE: This course does NOT include Redwood functionality. Many fundamentals of the course remain the same, but there are additional pieces of functionality that has been released that is only built within Redwood (expanded compensation history, updated total compensation statements, team compensation)
April, 2022 Update
NEW CONTENT AVAILABLE! Three new lectures recorded and published specific to targeted refreshes, user defined tables and how to configure incentive plans. Let me know if there is any other content you think is worthwhile to include.
Workforce Compensation
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:
General Overview of Compensation in Oracle
Plan Details, Configure Plan Eligibility
Hierarchies, Currency, Plan Access, Feedback Survey, Plan Info
Budgeting
Components, Performance Ratings, Approvals
Compensation Statement
Worksheet Configuration
Default Worksheet Display, Alerts, Individual Worker Display
Modeling, Reporting, Filters, Landing Page Analytics
Active Plans and Global Settings
Fast Formulas
User Defined Tables
Compensation History
Assignment Segments
Market Composites
Performance Calibration through WFC
Scheduled Processes
Targeted Refresh Process
Administering Workforce Compensation
Decisions and strategy around implementing incentive plans
At the end of this course, you will have a much better understanding of not just how to set up a Workforce Compensation plan, but also the critical decision points of why. If you have any additional questions after viewing this course, reach out to me directly. If you find the course useful, leave me a positive review so others also find this course.