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Oracle HRMS -HCM Compensation


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Price:  90,000  80,000
1 Month
0 Lessons

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Oracle HRMS | HCM Compensation planning course provides a thorough introduction to the Total Compensation Framework—the core set of Oracle HRMS features used to set up your compensation and benefits offerings. As a prerequisite, take this course before you implement Standard or Advanced Benefits, Compensation Workbench, Individual Compensation Distribution, Absence Management, or Grade/Step Progression. You learn to define elements to store compensation and benefits data and to manage and validate elements in sets using Batch Element Entry (BEE). Other topics show you how to define a hierarchy of compensation objects and to control eligibility and price tags for those objects. Lastly, you learn to use System Extract to manage third-party reporting.

This course provides a thorough introduction to the Total Compensation Framework—the core set of Oracle HRMS features used to set up your compensation and benefits offerings. As a prerequisite, take this course before you implement Standard or Advanced Benefits, Compensation Workbench, Individual Compensation Distribution, Absence Management, or Grade/Step Progression. You learn to define elements to store compensation and benefits data and to manage and validate elements in sets using Batch Element Entry (BEE). Other topics show you how to define a hierarchy of compensation objects and to control eligibility and price tags for those objects. Lastly, you learn to use System Extract to manage third-party reporting.

Suggested Prerequisite

  • Knowledge of common compensation and benefits administration practices
  • Basic computing skills and understanding of Oracle Applications

Audience

  • Functional Implementer
  • End Users
  • Business Analysts
  • Project Manager
  • Project Manager
  • Sales Consultants
  • Sales Consultants
  • Sales Consultants

This course will be applicable for customers who have implemented Oracle E-Business Suite Release 12 or Oracle E-Business Suite 12.1.

Learn To:

  • Understand the HRMS Total Compensation model
  • Define and manage elements
  • Handle benefits enrollments
  • Create system extracts

Course Objective

  • Use the Total Compensation Framework to manage compensation and benefits for your enterprise
  • Define elements to store compensation and benefits data
  • Enter elements in batch
  • Control eligibility through participant eligibility profiles
  • Calculate derived factors, such as age or length of service, for use in participant eligibility profiles
  • Structure your compensation and benefits offerings in Oracle HRMS
  • Define compensation objects: programs, plan types, plans, and options
  • Link participant eligibility profiles to compensation objects
  • Define standard activity rates to calculate earnings and deductions and absence accruals
  • Attach elements to standard rates
  • Vary a standard activity rate by defining a variable rate
  • Define the data elements and layout of a system extract
  • Process a system extract

Introduction to Compensation and Benefits

  • Introduction to Compensation Management
  • Total Compensation Framework
  • Introduction to Benefits Management

Total Compensation Elements

  • Planning Methods of Entry
  • Introducing Elements
  • Using Batch Element Entry
  • Controlling Eligibility and Costing for Elements
  • Defining Elements

Participant Eligibility

  • Defining Participant Eligibility Profiles
  • Defining Derived Eligibility Factors
  • Introducing Eligibility

Compensation Objects

  • Defining Plans and Programs
  • Running Plan Design Copy
  • Defining Plan Types and Options
  • Introducing the Compensation Object Hierarchy

Standard and Variable Rates

  • Defining Standard Contributions and Distributions
  • Defining Variable Rate Profiles

System Extract

  • Running a System Extract
  • Using HR/Payroll Extracts
  • Defining System Extract Criteria
  • Defining a System Extract: Overview and Layout Definition
  • Experienced & Accredited Trainers
  • Accredited Training Material
  • FREE Practice Examinations
  • Excellent first attempt pass ratio

FREE Practice Exam

  • Industry best Certifications Practice exams would be provided to students FREE of charges to ensure exam success

Flexible Class Options

  • Morning | Evening Classes | Workshops | Fast-Track  BootCamp
  • Week End SUNDAY Classes For Professionals
  • Online Classes – Live Virtual Class (L.V.C), Online Training

INTERNATIONAL STUDENT FEE

International Fee 500$ | 1875 SAR | 1875 AED

Regular Course Fee in Pakistan

50,000 PKR

Practice Exam

Practice examinations are part of the training session

Assessment 

To be awarded the certification in Oracle HRMS Compensation participants will be required to successfully complete project work (100%).

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