Configuring Plan Access in Oracle Fusion is crucial for controlling who can view, edit, or manage specific compensation plans. This ensures that sensitive compensation data is only accessible to authorized users, such as compensation administrators, managers, or HR personnel. Here’s a step-by-step guide to configuring plan access: 1. Navigate to Compensation Work Area Go to …
To back out compensation data from HR in Oracle Fusion, the goal is to undo or remove compensation changes that have been submitted but may need to be retracted due to errors, changes in business strategy, or other reasons. Backing out compensation data is usually performed when incorrect data has been entered or when compensation …
Comp Plan Setups- Backout Compensation Data From HR Read More »
Transferring compensation data from a compensation plan to HR in Oracle Fusion HCM is the final step after the compensation review and approval process. This step updates the employee records in the HR system based on the decisions made during the compensation cycle. Here’s how you can configure and execute this process: 1. Navigate to …
Comp Plan Setups- Transfer Compensation Data To HR Read More »
Configuring Performance Ratings in Oracle Fusion is essential for integrating employee performance data into the compensation process. Performance ratings can influence merit increases, bonuses, or stock allocations, allowing organizations to reward high-performing employees appropriately. Here’s a step-by-step guide on how to configure performance ratings within a compensation plan in Oracle Fusion: 1. Navigate to Compensation …
Configuring a Feedback Survey in Oracle Fusion enables you to collect insights and opinions from managers and employees after the completion of the compensation cycle. This feedback can help improve future compensation processes and ensure that participants are satisfied with the system and decisions made. Here’s how to configure a feedback survey in Oracle Fusion: …
In Oracle Fusion, setting up a new compensation cycle using the Duplicate functionality allows you to streamline the process by copying the configuration from a previous cycle. This saves time and ensures consistency. Here’s a step-by-step guide on how to generate a new compensation cycle: Steps to Generate a New Compensation Cycle Using Duplicate Functionality: …
Comp Plan Setups- Generate New Compensation Cycle Using Duplicate Functionality Read More »
Processing Workforce Compensation Change Statements in Oracle Fusion allows organizations to communicate compensation adjustments (e.g., salary increases, bonuses, promotions) to employees effectively. These change statements are typically generated after compensation cycles are completed and provide employees with detailed breakdowns of their new compensation package. Here is a step-by-step guide to processing these statements: Steps to …
Comp Plan Setups- Process Workforce Compensation Change Statements Read More »
In Oracle Fusion, notifying managers that the Compensation Plan Cycle is open or closed is essential for ensuring that they are aware of when they can start or stop making compensation-related decisions for their teams. This notification process helps streamline communication and ensure compliance with the compensation process deadlines. Here’s how to notify managers about …
Comp Plan Setups- Notify Managers That Plan Cycle Is Open Or Closed Read More »
Notifying managers of approaching worksheet due dates in Oracle Fusion ensures they are aware of important deadlines within the compensation cycle. By setting up automatic reminders, managers can submit their compensation worksheets on time. Here’s how to configure these notifications step-by-step: 1. Navigate to Compensation Work Area Go to Navigator > Compensation > Manage Compensation …
Comp Plan Setups- Notify Managers of Approaching Worksheet Due Dates Read More »
Purging Workforce Compensation Plan data in Oracle Fusion is a crucial task to maintain data integrity, remove outdated information, and comply with data retention policies. The purge process deletes specific compensation data that is no longer required, such as completed compensation cycles or outdated plans, without affecting active compensation cycles or other HR-related data. Here’s …
Comp Plan Setups- Purge Workforce Compensation Plan Data Read More »