Oracle Fusion HCM - Workforce Compensation

Learn how to implement and use Oracle Fusion HCM Workforce Compensation

NOTE: This course does NOT include Redwood functionality. Many fundamentals of the course remain the same, but there are additional pieces of functionality that has been released that is only built within Redwood (expanded compensation history, updated total compensation statements, team compensation)

April, 2022 Update

NEW CONTENT AVAILABLE! Three new lectures recorded and published specific to targeted refreshes, user defined tables and how to configure incentive plans. Let me know if there is any other content you think is worthwhile to include. 

Workforce Compensation

Welcome to this comprehensive review of implementing and supporting Oracle's Fusion HCM Workforce Compensation module. This course will give you an end-to-end walk-through of setting up and administering Workforce Compensation. Whether you are live on HCM cloud already, about to start an implementation or are right in the middle of a project, this course will help you understand the ins and outs of one of the most popular applications in the Oracle HCM suite.

In this course, you will learn about:

• General Overview of Compensation in Oracle

• Plan Details, Configure Plan Eligibility

• Hierarchies, Currency, Plan Access, Feedback Survey, Plan Info

• Budgeting

• Components, Performance Ratings, Approvals

• Compensation Statement

• Worksheet Configuration

• Default Worksheet Display, Alerts, Individual Worker Display

• Modeling, Reporting, Filters, Landing Page Analytics

• Active Plans and Global Settings

• Fast Formulas

• User Defined Tables

• Compensation History

• Assignment Segments

• Market Composites

• Performance Calibration through WFC

• Scheduled Processes

• Targeted Refresh Process

• Administering Workforce Compensation

• Decisions and strategy around implementing incentive plans

At the end of this course, you will have a much better understanding of not just how to set up a Workforce Compensation plan, but also the critical decision points of why. If you have any additional questions after viewing this course, reach out to me directly. If you find the course useful, leave me a positive review so others also find this course.