Fusion Compensation Training Day 1
Fusion Compensation Training Day 1
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Course Objectives
Day 1 - Agenda
• Chapter 1: Introduction to Fusion Compensation
• How Fusion Compensation works – Live demo
• Chapter 3: Functional Setup Manager Overview
• Chapter 4: Getting Started for the Implementation
• Chapter 5: Grades, Grade Rates and Salary Basis
• Chapter 6: Grades Step Progression
• Chapter 7: Elements Overview
• Chapter 8: Eligibility Profiles Overview
Product Highlights
• Delivers the flexibility to build from simple to highly complex reward systems for global
organizations while providing simplified decision-making and consistent messaging to
your workforce.
• Tightly integrated with Fusion Global Human Resources and Talent Management
• Can be implemented in a co-existence model with other legacy HR systems
• Ability to handle mass compensation recommendation using workforce compensation
• Ability to perform one off awards to employees using Individual Compensation
• Ability to provide an overview of the total rewards using total compensation
statements
• Provides excel like features to make manager’s lives easy to perform compensation
recommendations
Product Highlights
Navigation
Compensation Tasks
• Option: Each Oracle Fusion offering, in general, includes a set of core functionality
and a set of optional modules, which are called options. It is a part of an offering but
is not required for an offering to be operational.
Example: As well as core functionality, Compensation Management includes
optional functionality such as:
• Individual Compensation
• Workforce Compensation
• Total Compensation Statements
These optional functionality may not be relevant to all Oracle Fusion Application
implementations. You can selectively choose to implement only those options that
are applicable to your business requirements.
Feature: Unit of functionality that is part of an offering or option and identifies a rule for
a specific business process. You make feature selections according to business
requirements, to get the best fit with the offering.
Example:
Compensation has features such as:
Local Installation of Help
Maintain Common Reference Objects
Implementation Project: An implementation project is the list of setup tasks that are
required for implementations of specific offerings and related options. Implementation
projects are also the foundation for identifying what setup data will be exported and
imported, and in which order.
Task List: List of sequenced setup tasks required to enable business functionality
Scope: Sets the context of the task list and the setup data to export and import.
Chapter 5: Grades
Salary basis, associated with a worker's assignment or work terms, identifies the payroll
details used to pay base earnings and the time details used to express and convert base
pay amounts.
You can use grade step progression to move workers automatically from one grade or
grade and step to the next level within a grade ladder. The basic process for managing
grade step progression is:
Automatic: No
Available actions
Manual: Accept or
Reject
Navigation:
Create eligibility profiles to define criteria that determine whether a person qualifies for
objects that you associate the profile with. You can associate eligibility profiles with
objects in a variety of business processes.
End of Day 1
Thank you
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References:
www.docs.oracle.com
Fusion Applications Help