Overview of Course

Our R12.x Oracle HRMS Compensation Workbench and Salary Configuration course is designed to provide you with the knowledge and skills needed to configure and manage compensation plans using Oracle HRMS. You'll learn how to use the Compensation Workbench to create and manage salary plans, bonus plans, and stock options, and how to configure salary components and budget pools.

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Course Highlights

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Hands-on experience with Oracle HRMS Compensation Workbench

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Creating and managing salary plans, bonus plans, & stock options

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Configuring salary components & budget pools




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Skills You’ll Learn

#1

Configuring compensation plans using Oracle HRMS Compensation Workbench

#2

Creating salary plans, bonus plans, and stock options

#3

Configuring salary components and budget pools

#4

Managing compensation plans effectively

Training Options

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1-on-1 Training

On Request
  • Option Item Access to live online classes
  • Option Item Flexible schedule including weekends
  • Option Item Hands-on exercises with virtual labs
  • Option Item Session recordings and learning courseware included
  • Option Item 24X7 learner support and assistance
  • Option Item Book a free demo before you commit!
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Corporate Training

On Request
  • Option Item Everything in 1-on-1 Training plus
  • Option Item Custom Curriculum
  • Option Item Extended access to virtual labs
  • Option Item Detailed reporting of every candidate
  • Option Item Projects and assessments
  • Option Item Consulting Support
  • Option Item Training aligned to business outcomes
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Course Reviews

Curriculum

  • Introduction to Salary, Awards, and Absences
  • Administering salaries
  • Mapping compensation surveys
  • Using Grade/Step progression
  • Learning about Compensation Workbench
  • Understanding Individual Compensation Distribution
  • Understanding Total Compensation Managing
  • Absences

  • Implementing Salary Administration
  • Setting up Salary Administration
  • Creating salary elements
  • Defining Salary basis
  • Creating salary components
  • Understanding predefined salary components
  • Understanding salary approvals

  • Using Salary Administration
  • Assigning salary basis
  • Entering salaries
  • Proposing salary changes
  • Correcting/deleting salary records
  • Reviewing salaries
  • Using the Salary Management Folder
  • Web ADI and Salary Management

  • Grades and Pay Administration - Overview
  • Learning about models of pay administration
  • Understanding grade implementation approaches
  • Understanding Non-automatic step progression approach
  • Setting up Grade/Step progression
  • Setting up grade ladder
  • Administering grade/step progression
  • Making manual grade step progressio

  • Why use Criteria-Based rates?
  • Setting up Criteria-based rate
  • Eligibility criteria for criteria-based rates
  • Defining criteria rate
  • Setting up rate matrix

  • Understanding compensation surveys
  • Compensation survey identifier
  • Entering compensation surveys
  • Defining compensation survey lines
  • Mapping compensation survey lines

  • Overivew
  • Understanding compensation workbench
  • Setting up CWB plans
  • Setting up global plans, component plans, and combination plans
  • Define steps to display market salary survey data
  • Controlling access and eligibility in compensation workbench

  • Displaying rates
  • Validating jobs, grades, and positions
  • Displaying columns
  • Configuring flexfields
  • Configuring custom and dynamic columns
  • Displaying performance appraisal details in CWB

  • Opening a Compensation Workbench Award Cycle
  • Publishing budgets
  • Adding individuals into a started compensation workbench cycle
  • Writing allocated amounts from the compensation workbench cycle
  • Refreshing compensation workbench data
  • Generating mass notifications
  • Generating compensation workbench reports for managers
  • Generating compensation workbench reports for administrators

  • ICD for administrators, HR Professionals, and line managers
  • ICD plan administration
  • Creating ICD plans using Quick Setup
  • Assigning awards using ICD
  • Approval chain for ICD
  • Using the Employee Administration portal for ICD transactions

  • Categorizing a compensation statement
  • Explaining total compensation statement
  • Deciding on compensation source
  • Setting up total compensation statement
  • Processing total compensation statements

  • Vehicle repository entry process
  • Vehicle allocation process
  • Mileage claims process
  • Setting up mileage claims

  • Absence management components
  • Defining absence elements
  • Setting up absence management
  • Absence entry and reporting

  • Accrual plan rules
  • Configuring plans rules
  • Setting up PTO accrual plans
  • Administering accrual plans
  • Enrolling employees in accrual plans
  • Viewing accrual information
  • Adapting the predefined accrual formulas and rules
  • Understanding accrual formulas
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Description

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Target Audience:

  • HR professionals
  • Compensation and benefits managers
  • HR administrators
  • HR consultants
  • Payroll administrators
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Prerequisites:

  • Basic knowledge of Oracle HRMS
  • Familiarity with compensation and benefits principles
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Benefits of the course:

  • Gain expertise in using Oracle HRMS Compensation Workbench
  • Learn how to create and manage compensation plans effectively
  • Increase your value as an HR professional
  • Improve your career prospects
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Exam details to pass the course:

  • There is no exam to pass this course.
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Certification path:

  • This course is not a certification course.
  • However, it provides you with the knowledge and skills needed to pursue Oracle HRMS certification.
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Career options:

  • Compensation and benefits analyst
  • HR specialist
  • HR manager
  • Payroll manager
  • HR consultant

Why should you take this course from Skillzcafe:

Skillzcafe
Why should you take this course from Skillzcafe:
  • Bullet Icon Expert-led training by industry professionals
  • Bullet Icon Hands-on experience with Oracle HRMS Compensation Workbench
  • Bullet Icon Comprehensive course material
  • Bullet Icon Real-world examples and scenarios
  • Bullet Icon Flexible learning options
  • Bullet Icon Affordable pricing

FAQs

Oracle HRMS Compensation Workbench is a tool used to create and manage compensation plans, salary structures, bonus plans, and stock options in Oracle HRMS.

Basic knowledge of Oracle HRMS and familiarity with compensation and benefits principles are recommended.

No, this is not a certification course. However, it provides you with the knowledge and skills needed to pursue Oracle HRMS certification.

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