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Fusion Compensation Training – Day 1
An ERPWebTutor Presentation
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About ERPWebTutor
• Launched in 2012 as a video blogging site
• 625+ hours content created
• Trained over 6000 students
• Visitors from 130+ countries
• Helped students change careers and succeed in Oracle ERP areas
We will continue to innovate and motivate with ONE AND ONLY
ONE objective
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Course Objectives
After completing this course, you should be able to:
• Setup fundamental configuration components related Fusion compensation such as
elements, salary basis, eligibility profiles etc.
• Have a good understanding of grades, grade rates etc. which are crucial for
Compensation planning.
• Understand the automatic grade step progression process
• Understand the various roles related to Fusion Compensation
• Configure and test workforce compensation plans
• Configure and test individual compensation plans
• Configure and generate total compensation statements
• Run various batch processes for Fusion Compensation module
• Manage various global settings related to Fusion Compensation
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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
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Chapter 1: Introduction to Fusion Compensation
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Chapter 1: Introduction to Fusion Compensation
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
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Chapter 1: Introduction to Fusion Compensation
Product Highlights
• Effective ways to handle budgets and targets
• Use models to design budgets and targets
• Ability to produce complex compensation statements that meets complex client
requirements and matches legacy templates
• Ability to handle complex approvals using alternate manager hierarchy, secondary
managers, additional reviewers, department and position tree etc.
• Leverage eligibility profiles to group employee populations based on various factors.
• One of most robust and stable fusion HCM cloud product out there
…..and the list goes on
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Chapter 2: How Fusion Compensation works –
Live demo
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Chapter 2: Chapter 2: How Fusion Compensation works
Navigation
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Chapter 2: Chapter 2: How Fusion Compensation works
Compensation Tasks
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Chapter 3: Functional Setup Manager (FSM)
Overview
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Chapter 3: Functional Setup Manager
What is Functional Setup Manager????
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Chapter 3: Functional Setup Manager
Functional Setup Manager provides an end-to-end guided process for managing
your functional setup projects throughout the entire implementation lifecycle.
Using the FSM, one can perform various tasks under an implementation project.
Depending upon the type of implementation (HCM, Compensation Management or
Financials), the project tasks provide a guided flow to all the required setup areas.
The process flow:
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Chapter 3: Functional Setup Manager Terminology
• Offering: An offering is the highest level grouping of Oracle Fusion Applications
functionality. Offerings are typically the starting points for configuration decisions.
They are the primary drivers of the functional setup of Oracle Fusion Applications.
Example: Workforce Deployment, Compensation Management
• 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.
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Chapter 3: Functional Setup Manager Terminology
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
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Chapter 3: Functional Setup Manager – Offering, Option and Features
Perform this task from the Functional Setup Manager area
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Chapter 3: Functional Setup Manager Terminology
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.
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Chapter 4: Getting started with the implementation
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Chapter 4: Getting Started – Setting up Implementation Project
The implementation project provides a task based approach to configure the
required setups.
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Chapter 4: Getting Started – Setting up Implementation Project
When creating an implementation project, select the appropriate offerings
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Chapter 4: Getting Started - Fusion Compensation – Roles
The 2 primary roles needed for majority of the configurations are:
• Compensation Manager
• Compensation Administrator
Make sure to build the data roles
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Chapter 4: Getting Started – Compensation Data Roles
Task: Manage Data roles and Security Profiles
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Chapter 4: Getting Started – Data Role Setup..contd
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Chapter 4: Getting Started – Data Role Setup..contd
Similarly create the roles:
• XX Compensation Manager – View All
• XX Compensation Administrator – View All
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Chapter 5: Grades, Grade Rates and Salary Basis
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Chapter 5: Grades
Use grades to further identify the levels of a job or position
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Chapter 5: Grade Rates
Use grade rates to capture the salary ranges
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Chapter 5: Salary Basis
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.
Connect Salary basis with a grade rate
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Chapter 6: Grade Step Progression
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Chapter 6: Grade Step Progression
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:
• Create the progression grade ladder and enter general properties.
• Add grades (with or without steps)
• Add rules at the ladder, grade, and step level.
• Run the progression grade ladder process.
• Review the results and accept the updates.
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Chapter 6: Grade Step Progression – Progression Grade Ladder
Automatic: No
Available actions
Manual: Accept or
Reject
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Chapter 6: Grade Step Progression – Progression Grade Ladder
Here you will see
the steps
previously created.
Enter the rates.
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Chapter 6: Grade Step Progression – Progression Grade Ladder
Add the eligibility
profiles to
determine the
progression
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Chapter 6: Grade Step Progression – Run Grade Step Progress Process
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Chapter 6: Grade Step Progression – Review Proposed Results
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Chapter 6: Grade Step Progression – Review Proposed Results
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Chapter 6: Grade Step Progression – Change on the employee
assignment
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Chapter 6: Grade Step Progression – Change on the employee salary
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Chapter 6: Grade Step Progression – Synchronize Grade Step Rates
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Chapter 7: Elements Setup Demo
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Chapter 7: Elements Setup Demo
• Elements are the building blocks for payroll processing.
• Can be of the type: earnings, deductions, taxes etc.
• Configured using predefined templates
• Always created under a legislative Data Group
• Different templates when implementing Fusion Payroll vs not using the module
• When Payroll is implemented, element setups are done by the Payroll team
• For a non-payroll implementation or for a co-existence model implementation,
elements must be configured by the Compensation team
Navigation:
Setup and Maintenance: Manage Elements
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Chapter 8: Eligibility Profiles - Overview
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Chapter 8: Eligibility Profiles - Overview
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.
The following are key aspects of working with eligibility profiles:
• Planning and prerequisites
• Specifying the profile type, usage, and assignment usage
• Defining eligibility criteria
• Excluding from eligibility
• Assigning sequence numbers
• Adding multiple criteria
• Viewing the criteria hierarchy
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Chapter 8: Eligibility Profiles - Overview
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End of Day 1
Thank you
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References:
www.docs.oracle.com
Fusion Applications Help
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