R12.x Oracle HRMS Total Compensation Foundations Course Overview

R12.x Oracle HRMS Total Compensation Foundations Course Overview

The R12.x Oracle HRMS Total Compensation Foundations course is a comprehensive training program designed to educate learners on the intricacies of compensation and benefits management within the Oracle Human Resources Management System (HRMS) software. This course is essential for professionals seeking to effectively manage employee total compensation within an organization using Oracle HRMS.

Module 1 introduces the Total Compensation Framework, laying the groundwork for understanding the broad spectrum of compensation and benefits. It dives into the basics of Benefits and Compensation Management, providing a solid foundation for the subsequent modules.

Module 2 delves into Total Compensation Elements, where learners explore the creation and definition of elements, understand eligibility, and get to grips with batch entry processes.

Module 3 covers Participant Eligibility, teaching how to set eligibility criteria and profiles for compensation participants.

Module 4 addresses Compensation Objects, guiding through the hierarchy and the setup of plans and programs, including the utilization of Plan Design Copy.

Module 5 focuses on Standard and Variable Rates, instructing on how to establish contributions and distributions, and variable rate profiles.

Finally, Module 6 on System Extract educates on creating and running system extracts and using HR/Payroll extracts for data management.

This course empowers learners with the skills to efficiently manage compensation packages, ensuring they are aligned with organizational goals and compliant with regulations, which is crucial in attracting and retaining talent.

This is a Rare Course and it can be take up to 3 weeks to arrange the training.

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  • Live Online Training (Duration : 16 Hours)
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♱ Excluding VAT/GST

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Course Prerequisites

To ensure a successful learning experience in the R12.x Oracle HRMS Total Compensation Foundations course, participants should have the following minimum prerequisites:

  • Basic understanding of HR processes and terminology
  • Familiarity with the concepts of compensation and benefits within an organization
  • Working knowledge of Oracle HRMS navigation and core HR functionality
  • General experience with using payroll and benefits software (not necessarily Oracle-specific)
  • Basic computer literacy and proficiency with office productivity tools such as Microsoft Office
  • An open mind and willingness to learn complex compensation structures and configurations within the Oracle HRMS environment

These prerequisites are intended to provide a foundation for the course content and are not meant to deter any interested learners. Individuals with a keen interest in HRMS and a commitment to learning can benefit from this course and are encouraged to participate.

Target Audience for R12.x Oracle HRMS Total Compensation Foundations

The R12.x Oracle HRMS Total Compensation Foundations course is designed for professionals managing employee compensation and benefits.

  • HRIS Analysts
  • Compensation and Benefits Specialists
  • HR Generalists and Managers
  • Payroll Administrators and Managers
  • HR System Administrators
  • HR Consultants
  • Functional Implementers
  • Project Managers overseeing HRMS implementations
  • Business Analysts
  • IT Professionals working in the HR domain

Learning Objectives - What you will Learn in this R12.x Oracle HRMS Total Compensation Foundations?

Introduction to Course Learning Outcomes

Gain a comprehensive understanding of R12.x Oracle HRMS Total Compensation Foundations, focusing on the framework, management, eligibility, compensation objects, rates, and system extracts to effectively implement compensation solutions.

Learning Objectives and Outcomes

  • Understand the Total Compensation Framework within Oracle HRMS and how it integrates with the overall HR management system.
  • Learn the fundamentals of Benefits and Compensation Management to design and administer comprehensive compensation plans.
  • Define and manage elements, including their creation, attributes, and relationship to payroll and benefits.
  • Control eligibility and costing for elements to ensure accurate compensation and benefit calculations.
  • Explore various methods of entry for elements and learn how to use Batch Element Entry to streamline processes.
  • Establish criteria for participant eligibility and learn how to define derived eligibility factors and profiles.
  • Understand the Compensation Object Hierarchy and its components, such as plan types, options, plans, and programs.
  • Acquire the skills to define standard contributions and distributions, as well as variable rate profiles for flexible compensation arrangements.
  • Learn to create and manage system extracts, including defining layouts, criteria, and how to run and utilize HR/Payroll extracts effectively.
  • Gain proficiency in running the Plan Design Copy to duplicate and modify compensation plan setups efficiently.