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Fusion Workforce Compensation Plan Explained – Part 4

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Manage Workforce Compensation

We hope you have completed the workforce compensation plan setup as described in our previous posts Demo of Fusion Workforce Compensation Plan Setup – Part 2 and Fusion Workforce Compensation Plan Setup – Part 3 Now it’s time to see how the compensation plan flows.

Note : If you are looking for training on fusion compensation or any other modules of Fusion HCM, please contact us today. We are offering online training and also offline training in Hyderabad for discounted price.

1. Adjust Budget

In this practice we will open the Budget Pools page as a compensation manager and allocate an initial budget to your compensation plan. Then, we will open the Manage Compensation Models page as a line manager, and create a model that will apply to budget amounts.

Navigation : Compensation » Task Panel » Workforce Compensation »Act as a proxy manager

To manager budget please follow the below steps after clicking on Act as a proxy manager link under the workforce compensation.

1. Above the page header, in the Manager field, select <NAME> that you selected while processing compensation plan, as described in our previous post  Fusion Workforce Compensation Plan Setup – Part 3

2. In the Tasks panel tab, click Manage Budgets to open the Budget Pools page.

3. Click the Task panel icon so that you can see the Adjust Budget button

4. Click Adjust Budget to open the Adjust Budget dialog box.

4. In the Plan field, select AP Annual Compensation Plan.

5. In the Budget Pool field, select AP Merit Budget.

6. In the Reason field, select Miscellaneous Adjustment.

7. In the Adjustment Amount field, enter 100,000.

8. Click Save and Close, which causes the Confirmation dialog box to open.

9. Click OK to return to the Budget Pools page.

Adjust budget in fusion compensation plan

 

Notice the change in the Overall Budget Amount for AP Merit Budget 2016 budget and that updates are allowed.

10. Sign out

2. Modeling Budget

Navigation : My Team » Workforce Compensation » Task Panel » Click Model Compensation

In this exercise you will create a model budget. You can build a global model or use an existing model to distribute budget amounts for the first time based on the model criteria. After you preview the model results, you apply the results as budget amounts to all managers in the model population.

To create a model log in as a manager (preferably top) and follow below steps once you are on Manage Compensation Models page

1. On the section toolbar under Manage Compensation Models, click Create to open the Create Model dialog box.

5. In the Model Name field, enter AP Model.

6. In the Associated Plan field, select AP Annual Compensation Plan : 2017

7. In the Component field, select AP Salary-Merit.

8. Click Continue to open the Create Compensation Model: AP Model page.

9. In the Model Properties section Allocation Method field, select Allocate n percent of eligible salary.

10. In the Model Access field, select Share the model with all managers.

11. In the Criteria 1 field, select Years Employed

Allocate Budget

12. Click Build Model.

13. Under percentage of eligible salary, enter values as follows

Years Employed Percentage of Eligible Salary
0-5 20
5-10 18
10-15 12
15-20 5

Note : You may see different values depending on the employee population so you can play around with these values. You can also try to use different criteria and see how they work. Basically we are trying to create a model where workers will get suggested eligible slary based on their years of experience.

Fusion model

14. Click Preview Model Results, which causes the Warning dialog box to open.

15. Click Yes to open the Preview Model Results: AP Model page.

16. On the Apply Results menu, select Apply to Budget Amounts, which causes the Warning message to open.

17. Click Yes to open the Select Budget Method dialog box.

18. Select Fund budgets for managers one level down.

19. Click OK, which causes the Confirmation dialog box to open.

20. Click OK to return to the Preview Model Results: AP Model page.

21. Click Return to Model to return to the Create Compensation Model: AP Model page.

22. Click Save and Close to return to the Manage Compensation Models page.

At this point, we have adjusted budgets and created the AP Model model and applied it to budget amounts.

3. Managing Budget

Navigation : My Team » Workforce Compensation » Task Panel » Manage Budgets

In this practice, we will open the Budget Pools page and review the budget pool, change the budget method, change one worker’s eligibility, and publish all budgets to your lower managers.

To manage the budget please follow below steps on Budget Pool page

1. In the Budget Pool column, click the AP Merit Budget 2016 link to open the Allocate Budgets: AP Merit Budget 2016 page.

In the Budget Summary section, note the Budget Amount.

2. In the Manager Budgets section, select the Direct Reports row.

3. Scroll to the right to click the Worker List button to open the Worker List: AP Merit Budget 2016: <Manager Name> page.

4. Select the one employee from the list.

5. On the Actions menu, select Request Eligibility Change to open the Change Worker Eligibility dialog box.

6. In the AP Salary Eligibility Status field, select Ineligible.

7. In the Comments field, enter This worker is not eligible.

8. Click Submit, which causes the Confirmation dialog box to open.

9. Click OK to return to the Worker List: AP Merit Budget 2016: <Manager Name >page.

10. Click Done to return to the Allocate Budgets: AP Merit Budget 2016 page.

11. On the Publish menu, select Publish All Budgets to open the Publish All Budgets dialog box.

12. In the Comments field, enter You may now review your budgets.

13. Click Submit, which causes the Confirmation dialog box to open.

14. Click OK to return to the Budget Pool: AP Merit Budget 2016 page.

15. Click Save and Close, which causes the Confirmation dialog box to open.

16. Click OK to return to the Budget Pools page.

4. Managing Budget

Navigation : My Team » Workforce Compensation » Task Panel » Compensate Workforce

In this practice, we will review the workforce compensation worksheet and take the following actions:

  • In the Compensate tab, review the salary statistics and give performance ratings for all workers. Allocate compensation for selected workers.
  • In the Promote tab, promote one worker.
  • In the Approve tab, approve all lower managers’ worksheets.
  • In the Compensate tab, submit your worksheet for approval.
  • In the Reports panel tab, review one report.

To achieve these please follow below steps

1. In the Primary Managed Plan section Plan column, click AP Annual Compensation Plan 2017 to open the Compensate Workforce: AP Annual Compensation Plan 2017 page, click on Compensate tab.

2. In the Summary: All Workers section, expand AP Salary-Merit.

 

3. Select the Salary Statistics subtab.

Fusion Compensation Plan setup

Review the salary distribution.

4. In the Summary: All Workers section, collapse AP Salary-Merit.

5. On the Worksheet section toolbar Team menu, select All.

6. Click the Go button to show the worksheets for all of managers and Manager’s login

7. Select one worker row.

8. In the Actions menu, select Manage Delegations, Delegate Workers to open the Delegate Workers to Another Manager dialog box.

9. In the Review Manager field, select any other manager you want to transfer the worker.

10. Click Submit, which causes the Confirmation dialog box to open.

11. Click OK to return to the Compensate Workforce: AP Annual Compensation Plan: 2017 page.

12. In the Worksheet section, scroll to the right until you see the Compensation Performance Rating-Current column.

13. For each worker, select a Performance Rating.

14. Scroll to the left.

15. In the Percentage of Eligible Salary – Component 1 column enter some numeric value you want to give increment. Note the Available Budget changes.

Promote Worker

1. Select the Promote tab

2. In the Worksheet section, select any one worker.

3. Scroll to the right until you see the Proposed Job field.

4. Search for and select any new Job you want to promote the worker..

Approve Worksheets and Submit Worksheet for Approval

1. Select the Approve tab.

2. On the section toolbar Approve menu, select All Managers, which causes the Warning dialog box to open.

3. Click Yes to open the Confirmation dialog box.

4. Click OK to return to the Compensate Workforce: AP Annual Compensation Plan page . Note the subordinate managers’ access level is now No updates allowed.

5. At the page level, click Submit to open the Submit for Approval dialog box.

6. Click Submit, which causes the Confirmation dialog box to open.

7. Click Send Feedback to open the Send Feedback dialog box.

8. Select ratings and enter feedback.

9. Click Submit, which causes the Confirmation dialog box to open.

10. Click OK to return to the Compensate Workforce: AP Annual Compensation Plan page.

Review Reports

1. In the Reports panel tab under Distribution Analysis, click Allocations by Manager to open the Reports: Allocations by Managers page.

2. Review the report statistics and review other reports.

5. Managing Active Plans

Navigation : Compensation » Task Panel » Workforce Compensation » Manage Active Plans

In these practices, you change the submit mode and add a currency for active plan, give a worker a bonus outside of the compensation cycle, and run a batch process. You also change the submit mode so that all managers must be approved and add the Canadian dollar to the plan.

To do all this login as HR specialist and navigate to Manage Active Plans page and follow below steps

1. In the Plans column, click AP Annual Compensation Plan to open the Manage Active Plans: AP Annual Compensation Plan page.

2. In the Plan Properties section Submit Mode field, select All managers must be approved.

3. Select the Currency Conversion Rates tab.

4. On the Rate Details section toolbar, click the Add button.

5. In the To Currency field, select CAD.

6. In the Conversion Rate field for CAD, enter 1.00689.

7. Click Save and Close to return to the Manage Active Plans page.

Fusion Compensation currency conversion

6. Administering Workers

Navigation : Compensation » Task Panel » Workforce Compensation » Administer Workers

In this exercise we will allocate additional bonus of $2000 to a workers. To do this navigate to Administrator Workers page and follow below steps.

1. In the Search section Name search worker name you want to give bonus. Please note that worker should be part of the AP Annual Compensation Plan.

2. Click Search.

3. In the Search Results section Name column, click on workers name to open the Administer Workers: Select Plan page.

4. In the Participating Plans section Plan column, click AP Annual Compensation Plan to open the Administer Workers page.

5. Select the Compensation tab.

6. Select the AP Bonus subtab.

7. In the Award section Bonus Amount field, enter 2000.

8. Click Save and Close to return to the Administer Workers: Select Plan page.

9. Click Done to return to the Administer Workers page.

At this point, you have given a worker a bonus.

7. Running Batch Processes

Navigation : Compensation » Task Panel » Workforce Compensation » Run Batch Processes

In this practice,  we will run the Transfer Data to HR process to move the data (compensation) to HR. To do this please follow the below steps on Run Batch Processes page

1. In the Transfer Workforce Compensation Data to HR row, click the Run button to open the Transfer Workforce Compensation Data to HR: Plan Details page.

2. In the Plan field, select XX Annual Compensation Plan.

3. In the Cycle field, select 2017.

4. Click Next to open the Transfer Workforce Compensation Data to HR: Element Details page.

5. In the section header Specific Date field, enter today’s date.

6. In the Bonus Amount (AP Bonus) row Specific Date field, enter today’s date.

7. Click Next to open the Transfer Workforce Compensation Data to HR: Salary Details page.

8. Select Post entries as individual components.

9. Next to the section header Specific Date field, click the Apply to All button.

10. Click Next to open the Transfer Workforce Compensation Data to HR: Stock Details page.

11. Click Next to open the Transfer Workforce Compensation Data to HR: Promotion Details page.

12. To clear the promotion processing, select Post.

13. Click Next to open the Transfer Workforce Compensation Data to HR: Other Details page.

14. Click Next to open the Transfer Workforce Compensation Data to HR: Submit Process page.

15. Click Submit, which causes the Confirmation dialog box to open.

16. Click OK to return to the Run Batch Processes page.

17. Click Monitor Processes to open the Monitor Processes page.

Monitor the status of your process. Click Refresh, as required. Once the process is completed successfully data will be transferred to HR from compensation module.

Compete Fusion Compensation setup

Now we have completed here end to end demonstration of fusion Individual compensation and workforce compensation. I hope you liked it and it has helped you in some way. If you have any question, please do not hesitate to post at Oracle Fusion Questions Forum. I have also written interview questions on Fusion Compensation, which you can check @ Fusion Compensation Interview Questions. You can also keep in touch with me on facebook page.

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