Oracle Fusion HCM - Workforce Compensation
Why take this course?
🚀 Course Title: Oracle Fusion HCM - Workforce Compensation
🎓 Course Headline: Master Oracle Fusion HCM Workforce Compensation with Our Expert-Led Course!
April, 2022 Update:
✅ NEW CONTENT ALERT! Three new lectures have been added to the course, focusing on targeted refreshes, user-defined tables, and configuring incentive plans. Your feedback is invaluable - if there are other topics you believe should be included, please let us know!
Course Description:
Workforce Compensation within Oracle's Fusion HCM suite is a powerful module that plays a pivotal role in any organization's HR and compensation strategy. This course offers an end-to-end guide to implementing and supporting the Workforce Compensation module, tailored for both newcomers and seasoned professionals alike.
Whether you're initiating a new HCM cloud project, midway through an implementation, or simply brushing up on your knowledge - this course will provide you with a thorough understanding of all aspects of Oracle Fusion HCM Workforce Compensation. 🧭
What You Will Learn:
- General Overview of Compensation in Oracle
- Plan Details and Configuration
- Hierarchies, Currency Management, Plan Access, Feedback Surveys, and Plan Information
- Budgeting Strategies and Execution
- Components, Performance Ratings, Approvals Processes
- Creation of Compensation Statements
- Worksheet Configuration Options
- Customizing Default Worksheet Display, Alerts, and Individual Worker Views
- Diving into Modeling, Reporting, Filters, and Landing Page Analytics
- Understanding Active Plans, Global Settings, and Fast Formulas
- Utilizing User Defined Tables and Compensation History
- Managing Assignment Segments and Market Composites
- Performance Calibration through WFC
- Scheduling Processes and Implementing Targeted Refreshes
- Administering Workforce Compensation with Decision-Making Insights
- Strategic Implementation of Incentive Plans
Course Outline:
- Overview of Oracle's Fusion HCM Compensation Module
- Introduction to the module and its role in HCM
- Plan Details Configuration
- Setting up plan details, eligibility, and access
- Hierarchies, Currency Management & Feedback Surveys
- Working with organizational hierarchies, managing currency, and conducting feedback surveys
- Budgeting
- Effective budgeting within the Workforce Compensation module
- Components & Performance Ratings
- Understanding components, setting up performance ratings, and managing approvals
- Compensation Statements
- Crafting and interpreting compensation statements
- Worksheet Configuration
- Tailoring worksheets to your organization's needs
- Reporting & Analytics
- Leveraging reporting tools and analytics for better decision-making
- User Defined Tables, Compensation History, & Assignment Segments
- Working with user-defined tables, tracking compensation history, and utilizing assignment segments
- Market Composites & Performance Calibration
- Analyzing market composites and calibrating performance through the WFC module
- Scheduled Processes & Targeted Refreshes
- Implementing scheduled processes and conducting targeted refreshes
- Administering Workforce Compensation
- Best practices for administering compensation plans
- Incentive Plans Strategy
- Making informed decisions around implementing incentive plans
By the end of this course, you will not only be equipped with the technical skills to set up a Workforce Compensation plan but also understand the strategic 'why' behind each decision. Should you have any questions after completing this course, feel free to reach out directly to me for clarification. 💌
If you find this course beneficial and informative, I encourage you to leave a positive review to help others make an informed decision about joining this learning journey. Your feedback is crucial for continuous improvement of the course content. Let's navigate the complexities of Oracle Fusion HCM Workforce Compensation together! 🌟
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