1 © 2006 KBACE Technologies, Inc.
Compensation Workbench and Oracle
Advanced Benefits Strategies
Presenters: Dave Neal ([email protected])
Karen Varga ([email protected])
KBACE Sales
Contact: Robert Enders
Director of Business Development
Visit KBACE.com for more information
© 2006 KBACE Technologies, Inc.2
KBACE Corporate Overview
• Incorporated 1998• Privately held, employee owned
• Oracle Certified Advantage Partner
• Multiple Lines of BusinessProfessional Services Support Services
Development Education
Software
• 300+ Full-time Employees with skills and competencies across the entire E-Business Suite which include:
Order Management Manufacturing Projects Financials
Payroll Human ResourcesBenefits Customer Relationship
Management
iApplications Application Technical Concepts
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KBACE References
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• Compensation Workbench• Brief review of Core Features
• Focus on “Pay for Performance”
• Additional features and uses• Oracle Advanced Benefits
• Timing
• Diagnostics
• Existing and future functionality
Agenda
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Compensation Workbench
• Designed using 11i Total Comp model• Compensation tool for recording periodic rewards for a
group of employees• Focus:
• Salary increase
• Bonus
• Stock options
• Performance Ratings
• Job Changes/Promotions
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Core Features
• Compensation Plans • Extensive plan/option eligibility
• Standard and variable rates calculate compensation for eligible employees
• Option Level Components• Itemize salary (Merit, Promotion, Adjustment)
• Reward different types of compensation (Salary, Bonus, Stock)
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Pay for Performance
• Rate and promote employees using individual merit measurements
• Objective merit review • Based on skills and achievements • Not influenced by budget or compensation goals
• Analyze performance and promotion totals by review period
• Enforce business rules based on performance measurements
• Restrict eligibility and recommend increase range• Calculate bonus and stock targets
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Performance
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Performance
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Post to HR Record
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Evaluate for Pay
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Pay for Performance
Read Only Company Guidelines
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Pay for Performance – Target Bonus
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Utilizing CWB Features
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User Hooks• CWB Attributes 1-20
– Return 10 alphanumeric and 10 numeric results by plan
• Fully supported during upgrades• Re-compute using refresh without losing
manager’s work
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USER Hoods - Bonus Calculation Details
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View Maintenance• Multiple views for each plan• Display data in separate views for a single
plan– Bonus details– Total Compensation
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Base Pay View
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Target Bonus View
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Total Compensation View
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CWB Employee Statements• Generated by ‘Worksheet Manager’
• Display detailed reward information by plan
• Create an Employee Statement Plan to combine rewards from other plans
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Employee Statement Task
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Employee Statements
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CWB Creative Uses• Use CWB for modeling
– Bonus forecasting throughout year– Annual/periodic planning for future
distributions– Retirement annuities, deferred compensation,
ESOP rewards for mass element entries
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Oracle Advanced Benefits
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Timing of Processing
• Know timing of other modules – Payroll– Finance– Compensation
• Know impacts to other modules– Assignment Changes– Salary Changes
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Keeping the System Clean• Watch Error logs on a nightly or weekly basis• Report on Backed Out Life Events on a
nightly or weekly basis• Action Items • Triggers
– Consider turning Life Event triggers off when post cwb and/or election worksheet WebADI uploads
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Diagnostics Scripts
• Run frequently so don’t have a mess to clean up at OE
• Watch for common problems– Coverage and Rates Overlaps/Gaps – Payroll and Benefits out of Sync– Suspended items not being unsuspended– Overrides – thru dates and are they still validate– Etc.
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Revisit that Plan Design• Are our Fast Formulas/Work Arounds still
needed or has new functionality been delivered to handle these situations.– Reinstate– Timeliness Evaluation Rules– Rates and Coverage Start and End Date Codes– Legal Disclaimer– Interim Coverage and Waiting Period
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Staying Up to Date• Join BEN Dist List• Read all the readme and look for impacts to your
modules• Always have a back up resource in case of
employee turnover• Make sure that your training documentation is up to
date– User Guide for Configuration– User Guide for Day to Day Enrollment– Common Errors and Resolutions
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Testing Testing and More Testing•Make sure that you have complete test scripts
for patches• Module specific
• Cross Module and interfaces
•Make sure first time roll out to give yourself more time than anticipated
• New module/functionality
• New plan design
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Questions/Answers