32 Hrs
4056+ Enrollments
R12.x HRMS Compensation Workbench and Salary Configuration
This course is ideal for HR professionals, managers, and administrators who want to gain expertise in configuring and managing compensation plans using Oracle HRMS. The course is designed to provide you with hands-on experience in using the Compensation Workbench to create and manage salary plans, bonus plans, and stock options, and in configuring salary components and budget pools.
R12.x HRMS Compensation Workbench and Salary Configuration
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.
Course Highlights
Hands-on experience with Oracle HRMS Compensation Workbench
Creating and managing salary plans, bonus plans, & stock options
Configuring salary components & budget pools
Key Differentiators
Personalized Learning with Custom Curriculum
Training curriculum to meet the unique needs of each individual
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Trusted by over 100+ Fortune 500 Companies
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Flexible Schedule & Delivery
Choose between virtual/offline with Weekend options
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World Class Learning Infrastructure
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Enterprise Grade Data Protection
Security & privacy are an integral part of our training ethos
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Real-world Projects
We work with experts to curate real business scenarios as training projects
Skills You’ll Learn
Configuring compensation plans using Oracle HRMS Compensation Workbench
Creating salary plans, bonus plans, and stock options
Configuring salary components and budget pools
Managing compensation plans effectively
Training Options
1-on-1 Training
Access to live online classes- Flexible schedule including weekends
- Hands-on exercises with virtual labs
- Session recordings and learning courseware included
- 24X7 learner support and assistance
- Book a free demo before you commit!
Corporate Training
- Everything in 1-on-1 Training plus
- Custom Curriculum
- Extended access to virtual labs
- Detailed reporting of every candidate
- Projects and assessments
- Consulting Support
- Training aligned to business outcomes
Unlock Organizational Success through Effective Corporate Training: Enhance Employee Skills and Adaptability- Choose customized training to address specific business challenges and goals, which leads to better outcomes and success.
- Keep employees up-to-date with changing industry trends and advancements.
- Adapt to new technologies & processes and increase efficiency and profitability.
- Improve employee morale, job satisfaction, and retention rates.
- Reduce employee turnovers and associated costs, such as recruitment and onboarding expenses.
- Obtain long-term organizational growth and success.
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
Meet the instructor and learn about the course content and teaching style.- Make informed decisions about whether to enroll in the course or not.
- Get a perspective with a glimpse of what the learning process entails.
Description
Target Audience:
- HR professionals
- Compensation and benefits managers
- HR administrators
- HR consultants
- Payroll administrators
Prerequisites:
- Basic knowledge of Oracle HRMS
- Familiarity with compensation and benefits principles
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
Exam details to pass the course:
- There is no exam to pass this course.
Certification path:
- This course is not a certification course.
- However, it provides you with the knowledge and skills needed to pursue Oracle HRMS certification.
Career options:
- Compensation and benefits analyst
- HR specialist
- HR manager
- Payroll manager
- HR consultant
Why should you take this course from Skillzcafe:
Expert-led training by industry professionals- Hands-on experience with Oracle HRMS Compensation Workbench
- Comprehensive course material
- Real-world examples and scenarios
- Flexible learning options
- 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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