To transfer compensation data to the HR module in Oracle Fusion, you need to follow a structured process to ensure the successful flow of compensation plans to the HR records. Below is a general outline of the steps involved in setting up a compensation plan and transferring the data:
1. Create Compensation Plan
- Access the Compensation Work Area:
Navigate to the Compensation module from the Oracle Fusion dashboard. - Create a Compensation Plan:
Define the compensation elements such as merit increases, bonuses, stock options, or other benefits. - Define Eligibility Profiles:
Specify which employees or roles are eligible for the compensation plan. - Configure Components:
Include various components like salary, performance ratings, incentives, and stock options. - Approval Hierarchy:
Define the approval hierarchy for the compensation plan.
2. Load Employee Data
- Employee Population:
Ensure all employees in the compensation plan are loaded into the system. You can upload employee data using the HCM Data Loader (HDL) if required. - Job, Role, and Position Mapping:
Make sure that all employees are correctly mapped to their job roles and positions, as this impacts compensation eligibility.
3. Set Up Calculation Rules
- Compensation Models:
Use salary formulas, performance rating formulas, or predefined rules to calculate compensation adjustments. - Test Calculations:
Perform a dry run of the compensation calculations to validate results before transferring to HR.
4. Run the Compensation Cycle
- Process the Plan:
Initiate the compensation cycle within Oracle Fusion to apply the defined rules to the employees in the plan. - Review Results:
Review and approve the calculated compensation data, ensuring all values are correct and any exceptions are addressed. - Submit Compensation:
Once approved, submit the compensation plan for final review.
5. Transfer Compensation Data to HR
- Prepare for Transfer:
After completing the compensation cycle, go to the Submit Compensation Changes to HR task. - Data Validation:
Ensure all compensation changes have been reviewed, and necessary approvals have been obtained. - Initiate Transfer:
Use the Transfer Workforce Compensation Data to HR process. This can be found in the compensation module under Processes and Reports.- Navigation: Compensation > Processes and Reports > Transfer Workforce Compensation Data to HR
- Select the Compensation Plan:
Select the relevant plan(s) that need to be transferred. - Transfer Options:
Choose whether to transfer salary, bonus, promotion, or other components based on what’s been finalized. - Submit the Process:
Once the parameters are set, submit the process and monitor the progress through the Oracle process monitor.
6. Review in HR
- Verify Compensation Changes in HR:
After the transfer process completes, validate the changes in the HR module. Check whether employee records have been updated with new compensation data. - Update Payroll (if applicable):
If required, ensure that payroll records reflect the new compensation, especially for salary increases or bonuses. - Reports:
Run reports from HR to ensure consistency between the compensation and HR data.
7. Post-Transfer Actions
- Finalize and Close Compensation Plan:
After verifying the data in HR, close the compensation plan cycle. - Communicate Changes:
Notify employees about the updates made to their compensation, either through the Oracle system or other internal channels.
This process can vary slightly depending on your Oracle Fusion setup and configurations, but the core flow remains the same.
Comp Plan Setup-Transfer Compensation Data To HR