R12.x Oracle HRMS Advanced Benefits Fundamentals Ed 1

Enroll for the 3-days R12.x Oracle HRMS Advanced Benefits Fundamentals Ed 1 training and certification course from Koenig solutions accredited by Oracle.

This course teaches you how to set up an employee benefits program using Oracle Advanced Benefits. Taking advantage of the full suite of Advanced Benefits features, students learn to manage benefits administration based on employee life events. Enrollment requirements and dependent designations that you can define help you to control elect-ability of benefits. You’ll learn how to manage coverage calculations—for life insurance type offerings—and actual premiums that you pay to third party providers. You’ll also learn how to enroll a participant into a benefits offering. Lastly, you'll learn the advantages of using the Total Compensation Setup Wizard to create a benefits program.

 Target Audience

This course is designed for:

• Analyst
• End User
• Implementer
• Manager

 Learning Objectives

After completion of this course, participants will learn the following:

• Set up plans subject to US regulations: Imputed Income, COBRA, and HIPAA
• Set up the Benefit Service Center, a call center environment for benefits administration
• Use the Total Compensation Setup Wizard
• Manage employee benefits based on life events
• Set up flex credits and benefit pools
• Define life event reasons and collapsing events
• Schedule an open enrollment period
• Set up enrollment requirements, including action items and certifications
• Manage suspended elections and interim coverage
• Define requirements for dependent designation
• Cover dependents and beneficiaries
• Set up coverage calculations
• Define actual premiums
• Trigger employee communications