Use total compensation to attract and retain people

Increased global competition for scarce skilled resources mean that every business has to become
more innovative in offering total compensation packages that meet the many and varying needs of the people it is trying to attract and retain. At the same time, organizations need to exert strong control over employment costs. You can adopt the latest thinking based on benefits best practices as well as comply with governmental regulations by using our full featured, rules-based compensation system. Oracle HR delivers a highly flexible, configurable approach to designing compensation and benefits programs to meet any degree of complexity, as well as wizards to make plan design implementation fast and error free. Use of Oracle Advanced Benefits
provides additional features to automate detection of critical events, to support flexible benefits schemes using flexible benefit plan credits, and to allow the employee to make appropriate enrollment changes. Use Oracle

HR and Oracle HR: Self-service to:

Support employee enrollment and choice in benefits programs, guided by an Oracle HR: Self-service interface, which exactly reflects the choices that they are eligible to make
• Reduce administrative costs and reduce errors through policy automation
• Reduce implementation time and chance of setup errors using the templates and process flows based on commonly used plan types and benefits best practices
• Automate grade step progression process
• Allow managers to undertake specialized activities during compensation review cycles such as issue budgets and allocate compensation using .wizards. to calculate budgets or allocations based on
criteria such as performance or length of service, for example.
• Create and manage leave plans for different employee categories that are finely tuned to the needs of the organization and of the individual.


Manage Globally, act Locally to meet corporate compliance guidelines

To function efficiently, companies need to consolidate global business information real-time. However, it is usually inappropriate to conduct transactions in a single manner, because legal requirements, language, and cultures demand variation. With Oracle, companies benefit from global features such as multi-lingual, multicurrency capabilities, all operating on a single global instance. This enables business to be conducted globally within the same database (consolidating common information), yet still allows users to conduct transactions in a style and language natural to them, which is compliant with local regulations. Additionally, the consolidation of information makes it possible to deliver truly global daily business intelligence.

Oracle HRMS. global and local capabilities allow you to:
• Manage recruitment, hiring and deployment on a global basis to ensure that you can hire the right
talent no matter where they are located.
• Hold information in the correct format with full validation of addresses, currency, and data formats, banking details, payment methods, and office locations for any country.
• Record home and host country compensation in any currency as well as perform euro conversions.
• Use pre-delivered menus and forms for many countries as extensions to the global application. Each delivered country has extra information, new functionality and reports needed to meet legislative reporting requirements or cultural needs.
• Meet corporate compliance obligations through local legislative reporting and analysis of workforce statistics
• Use ’global’ menus and forms that can be configured to meet the needs of additional countries.
• Supervise, analyze and perform transactions and approvals on a workforce dispersed across the world within a global security environment. By logging on to Oracle HR: Self-service, a manager can see all of their global reporting lines at a glance, and can perform appropriate legislation specific transactions for each person.
• Consolidate information across countries or lines of business using reports such as global
headcount/FTE reporting or global HRMS business intelligence. Oracle HR streamlines many global
functions such as international transfers by ensuring that information about an employee that applies worldwide, such as competency profiles, is held only once.