Oracle Fusion Compensation Workbench Training (Release 11)

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Carefully constructed by our proficient trainer with more than 5 years of mastery in the Oracle Human Capital Management realm, the Oracle Fusion Compensation Workbench course/training offers a thoughtfully designed curriculum that equips learners with in-depth knowledge and expertise in this specific field. Fusion Compensation Workbench (CWB) is a part of Fusion HCM that allows managers and compensation professionals to plan, model, and allocate budgets and awards, on a global basis across multiple currencies. Users can distribute budgets and compensation based on guidelines, see a worksheet view of employees, their performance ratings, and total compensation.

In This Module We Will Learn :

COMPENSATION MANAGEMENT OVERVIEW

  • Introduction to Compensation Management
  • Compensation Roles
  • Define Compensation Eligibility Profiles
  • Define Elements
  • Demo and Exercise

BASE PAY AND INDIVIDUAL COMPENSATION

  • Define and Manage Base Pay
  • Individual Compensation
  • Demo and Exercise

WORKFORCE COMPENSATION OVERVIEW

  • Introduction to Workforce Compensation
  • Compensation Budget
  • Configure Compensation Worksheet
  • Linking of Performance Management with Compensation
  • Configuring Compensation Model

CONFIGURATION OF WORKFORCE COMPENSATION

  • Validation of Compensation Plan
  • Practice session on workforce compensation plan
  • Administer Workforce Compensation
  • Demo and Exercise

ORACLE FUSION COMPENSATION WORKBENCH TRAINING

  • How to transfer Compensation data to HR
  • Brief understanding on Total Compensation Statement

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