08.ebs r12.1 hcm 8 compensation workbench

8/15/2019 08.EBS R12.1 HCM 8 Compensation Workbench

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For Oracle employees and authorized partners only. Do not distribute to third parties.

© 2012 Oracle Corporation – Proprietary and Confidential -1-

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Oracle $%&usiness 'uite (12 "uman Capital )ana*ement +"C), $ssentials

Partner &oot Camp -rainin* Courseare

Compensation /orbench


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Key Content Contribtors

Contributin* Companies


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(127 Oracle "()'


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!nsert Picture "ere#

)odule7 Compensation /orbench


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© 2012 Oracle Corporation – Proprietary and Confidential -"-

Pre%re?uisites

-o understand this module you should hae hand%on noled*e of

folloin* Core "( features

@ /or 'tructure Components

@ Core "( /orforce )ana*ement

@ $lement description and Ain 'etup

&asic Bnoled*e of Fast Formula

@ Definin* (atin* 'cale


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© 2012 Oracle Corporation – Proprietary and Confidential -#-

Module Objectives

Plan Enrollment RequirementsStandard Rates

Life Events

Eligibility Profiles

Total Compensation Statement

Compensation or!benc" for Managers #$dministrators

Profile Options for C%

Perform %udgeting

Manage Promotion and Rating


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© 2012 Oracle Corporation – Proprietary and Confidential -$-

Plan Types

@Determine the cate*ory of compensation offerin*s

@)ust choose the Option -ype of Compensation /orbench3

@-he Compensation Cate*ory specifies if the plan type is for salary bonus orstoc

Plan &efinition' Types and (ears


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© 2012 Oracle Corporation – Proprietary and Confidential -1%-

Compensation Plan

@Compensation /orbench plan is a collection of *roup of arious tass

that are aailable to mana*ers at the same time processed at sametime and use the same hierarchy and approal chain.

@-ypical compensation plans include salary increases lined to a yearlyfocal reie period scheduled bonuses and stoc option *rants. Onecan also define plans for promotionsEob chan*es and performance

ratin*s.

@!n case of multiple plans across different business *roups then all shouldbe associated ith one *lobal plan. One create a sin*le bud*et for the*lobal plan hich you can distribute across the local plans in their localcurrencies.

@One can *roup different plans of same plan type in a business *roupunder one *lobal plan and allocate money to all plans usin* sin*lebud*et.



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+,-otal Compensation# Pro*ram and Plans # Plans.


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@ Gear periods must be defined foreach compensation obEect

@ Gear periods can be defined aseither Calendar3 or Fiscal3

@ /ithin Gear3 periods may beused to specify time ithin ayear

@ )ost commonly used ith?uarterly bonuses3

@ &ud*et/orsheet periods maybe defined for the ithin yearperiods

@ +, -otal Compensation #Heneral Definitions # 9dditional'etup # Pro*ramPlan Gears


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Module Objectives


Standard Rates

Life Events





Perform %udgeting



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Plan Enrollment Requirements

@ Plan enrollment re?uirements are setup to determine the aailabilityperiod of Compensation /orbench in 'elf%'erice for a plan.

@ One can use plan enrollment re?uirements to enter items such asthe7

@ 9ssi*ned life eent date

@ Plan year or ithin year period for the compensation plan

@ Close enrollment date@ $nrollment coera*e and actiity rate start and end dates

@ &ud*et and orsheet characteristics and aailability periods

@ 'uperisor or position hierarchy to use for bud*ets

@ Dates on hich performance ratin*s or Eob chan*es become effectie


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© 2012 Oracle Corporation – Proprietary and Confidential -1!-


+, -otal Compensation # Pro*rams and Plans # Plan $nrollment(e?uirements


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© 2012 Oracle Corporation – Proprietary and Confidential -1&-

Module Objectives



Life Events





Perform %udgeting



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© 2012 Oracle Corporation – Proprietary and Confidential -1"-

Standard Rates

Overvie)

@ 4sed to display calculations to help the mana*er or to allo input

from the mana*er to complete a calculation

@ 9ctiity -ypes determine ho the standard rate is used by C/& andhere the information ill be displayed

@ )any standard rates can be defined for a sin*le comp plan durin*implementation

@ 'tandard (ates are used to record a ariety of compensationamounts such as

@ or!s"eet %udget

@ -he orsheet bud*et is the amount that a mana*er sees on hisher

orsheet to allocate to hisher direct reports.


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© 2012 Oracle Corporation – Proprietary and Confidential -1#-

Standard Rates@ or!s"eet $mount

@ -his rate is re?uired and represents the amount a mana*er enters on the

orsheet in money or shares. 9ttachin* an element entry to this rate ill

forard this amount to the payroll system.

@ Distribution %udget

@ -he distribution bud*et is the bud*et that a mana*er *ies another mana*er to

further distribute don the reportin* hierarchy.

@%udget Reserve

@ 9 bud*et resere allos mana*ers to hold bac money in a bud*et for later

use. Only if you use bud*ets should this rate be defined.

@ Recommended $mount

@ (ecommended amount help mana*er to distribute the tar*et amount to the

employees@ Eligible Salary

@ $li*ible 'alary is the salary used for C/& calculations


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© 2012 Oracle Corporation – Proprietary and Confidential -1$-

Standard Rates

+, -otal Compensation # (atesCoera*e Definitions # 'tandard (ates


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Module Objectives







Perform %udgeting



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Life Events

@ 'eeded life eent type

Compensation3

@ Gou must define separate lifeeents for 'alary &onus and'toc plans

@ Aife eents are attached to the

plan enrollment re?uirements@ /hen the plan is processed the

eents are assi*ned directly toeach person

@ +, -otal Compensation #

Heneral Definitions# 9dditional'etup # Aife $ent (easons

Life Events


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Module Objectives



Life Events




Perform %udgeting



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Overvie)

@ $li*ibility profiles are defined to determine employee eli*ibility for

compensation and benefits plans

@ Folloin* -ab (e*ions are present to define the eli*ibility.@ Personal@ $mployment@ Deried Factors

@ (elated Coera*e@ Other

@ /hen you define more than one alue for a criterion at least one ofthe alues must be present in the person=s record for them to beeli*ible. "oeer hen you use multiple criteria in an eli*ibility profile+for e;ample a /or Aocation and an Or*anization, the person mustmeet at least one alue for each criterion.

@ &$7 $li*ible Profile (ule profile controls the 9D –O( rules beteenmultiple eli*ibility defined for a plan.


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Compensation # Heneral Definitions # $li*ibility Profiles # Participant



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Module Objectives



Life Events




Perform %udgeting



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© 2012 Oracle Corporation – Proprietary and Confidential -2&-


Overvie)

@ -otal Compensation 'tatements is used to communicatecompensations reards and benefits to your employees andcontin*ent orers. -hey can use this statement to ie their totalcompensation for a specified period often one year throu*h aneasy%to%use self%serice interface

@ Compensation administrator or an "( professional can ieemployee statements before you mae the statements aailable toemployees

@ 9dministrator can print statements for *roups of employees at asin*le time. -he enhanced printin* ability enables to efficiently printand distribute -otal Compensation 'tatements to employees ho do

not hae online access

@ !t is I step setup process to *enerate the total compensationstatement for the eli*ible employee.


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© 2012 Oracle Corporation – Proprietary and Confidential -2"-


@ I steps to Define the total compensation statement.

@ +, -otal Compensation # -otal Compensation 'etup /izard


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© 2012 Oracle Corporation – Proprietary and Confidential -2#-


/elcome Aetter -otal Compensation 'tatement

+, -otal Compensation setup /izard # -otal Compensation statement.


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© 2012 Oracle Corporation – Proprietary and Confidential -2$-

Module Objectives



Life Events




Perform %udgeting



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C% for Managers # $dministrators

Roles and Responsibilities of or!benc" $dministrator

@Creates and !dentifies Plans – Plans ould mean if it3s a &onus $ent or

a 'alary !ncrease $ent

@ 9llocate &ud*ets for )ana*ers. !n short Comp &en 9dmin ould createthe &ud*et allocate it to the respectie )ana*ers and )ana*ers oulddistribute it to the $mployees based on performance

@4pdate employeemana*er information

@4pdate plan information

@(efresh Plan and Person !nformation

@&ac out a Compensation Plan

@Post compensation 9ards to employee records@Close out a compensation orbench plan

@Henerate otification to )ass


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C% for Managers # $dministrators@ C/& 9dministrator can update employee salary proposal and

assi*nment records such as &ase 'alary Pay 9nimalization FactorPlan eli*ibility status orsheet amount eli*ible salary etc.

@ +, "( Professional # Compensation /orbench for 9dministrators #$mployee 9dministration


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C% for Managers # $dministrators@ C/& 9dministrator 9ccess Control under )ana*er information -ab

@ +, "( Professional # Compensation /orbench for 9dministrators

# $mployee 9dministration


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C% for Managers # $dministratorsRoles and Responsibilities of Manager

@ 9llocate the bud*et don the hierarchy

@Proide 9ards shared 'alary increase or assi*nment attributeschan*es to the employee reportin* to him

@ 9pproe the 9ctions of subordinate mana*ers

@+, )ana*er 'elf serice # Compensation orbench


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@ 9llocation of Compensation to the $mployees

@ +, )ana*er 'elf serice # Compensation orbench


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@ Compensation 'ummary aailable to the )ana*ers

@ +, )ana*er 'elf serice # Compensation orbench


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For Oracle employees and authorized partners only. Do not distribute to third parties.© 2012 Oracle Corporation – Proprietary and Confidential -3&-

Module Objectives



Standard Rates

Life Events




Perform %udgeting



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For Oracle employees and authorized partners only. Do not distribute to third parties.© 2012 Oracle Corporation – Proprietary and Confidential -3"-


Compensation /orbench proides the folloin* sample confi*urableprofile options

Profile ConfigurableLevels

*alues

"(7 Compensation/orbench

Aicensed

'ite Ges

&$7 C/&'ummary Aeel

'ite 9ll $mployees

&$7 $li*ible Profile(ule

'ite O(


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Module Objectives



Standard Rates

Life Events







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Perform %udgeting

Overvie)

@ Compensation /orbench proides to *eneral styles of bud*etin*

@ 9utomatic &ud*etin*7% 4se this type of bud*et if you predetermine

bud*ets prior to *iin* mana*ers access. 9uto%issuin* bud*ets *ies the

compensation professional control oer the amount a mana*er can

allocate to reportin* employees and creates a uniform compensation

distribution across the enterprise

@ (oll%Don &ud*etin*7% 4se this type of bud*et if you predetermine theinitial bud*et only and line mana*ers complete the bud*etin* tas. 9s acompensation administrator you publish the initial bud*et ith thehi*hest%leel mana*er or ith multiple loer mana*ers. )ana*ers roll thebud*ets don the hierarchy by distributin* the bud*et


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@ C/& 9dministrator publish the bud*et the hi*hest leel mana*erhich in turn uses the &ud*et -as to pass it to the belo hierarchy

@ +, "( Professional # Compensation /orbench for 9dministrators# $mployee 9dministration

Perform %udgeting

P f % d i


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Perform %udgeting

@ Hroup "ead (eceies the &ud*et !nformation from the C/& 9dministrator. Hroup "ead plans and allocates bud*ets to thereportin* mana*ers.

@ +, )ana*er 'elf serice # Compensation orbench # 'etbud*et

@ )ana*er uses set bud*et tas to distribute the bud*et to hisher directreportin* mana*er

P f % d ti


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Perform %udgeting

@ &ud*et 9llocation by C/& )ana*er

@ +, )ana*er 'elf serice # Compensation orbench #'et

bud*et


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Module Objectives



Standard Rates

Life Events





Perform %udgeting

M P ti d R ti


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@ Compensation /orbench proide the feature to process apromotion or complete a performance ratin* and ranin* in

conEunction ith processin* a pay increase bonus or stoc aard.@ !n case performance mana*ement system is used to mana*e

performance appraisal mana*er can ie complete appraisal detailsdirectly from C/& allocation orsheet.

C"ec!list item for Manager' +n case C% Plan consists of ,ob

C"ange- Promotion and Performance Rating +tem only@ +, )ana*er 'elf serice # Compensation orbench

M P ti d R ti


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@ Job Chan*e Promotion -as

@ +, )ana*er 'elf serice # Compensation /orbench # Job

Chan*e Promotions

M P ti d R ti


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@ Performance (atin* -as

@ +, )ana*er 'elf serice # Compensation /orbench #

Performance (atin*

M P ti d R ti


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Manage Promotion and Rating@ Job Chan*ePromotion and Performance (atin* -as summary

@ +, )ana*er 'elf serice # Compensation /orbench # (eie

and 'ubmit


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08.ebs r12.1 hcm 8 compensation workbench

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