Introduction

Compensation Workbench (CWB) 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. They can also promote employees and give them new performance ratings and rankings. Analytics provide internal and external comparisons, statistical analysis, compensation history, and overviews of current budgets and allocations so managers can make decisions that support business objectives.

Prerequisties

• Working knowledge of R12 Oracle Applications Navigation.

Course Content

• Introduction to Compensation and Benefits
• Total Compensation Framework
• Introduction to Benefits Management
• Introduction to Compensation Management
• Total Compensation Elements
• Introducing Elements
• Defining Elements
• Controlling Eligibility and Costing for Elements
• Planning Methods of Entry
• Using Batch Element Entry
• Participant Eligibility
• Introducing Eligibility
• Defining Derived Eligibility Factors
• Defining Participant Eligibility Profiles
• Compensation Objects
• Introducing the Compensation Object Hierarchy
• Defining Plan Types and Options
• Defining Plans and Programs
• Running Plan Design Copy
• Standard and Variable Rates
• Defining Standard Contributions and Distributions
• Defining Variable Rate Profiles
• System Extract
• Defining a System Extract: Overview and Layout Definition
• Defining System Extract Criteria
• Running a System Extract
• Using HR/Payroll Extracts