Oracle Cloud HCM Functional - Compensation

Position: Oracle Cloud HCM Functional - Compensation

Location: Hyderabad

Experience: 6+ Years

Responsibilities:

• The HCM Cloud Functional consultant is responsible for requirement gathering, configuration, CRPs and functional consulting activities in implementation and support projects.
• Overall, more than 6 years of Oracle HCM experience in functional roles that may include on-premise and Cloud
• Should have at least 4-5 years of experience in Oracle HCM Cloud implementation as a Functional Consultant.
• Must have experience working on all phases of a project Demos/workshops, Requirement Gathering, analysis/design, configuration, CRP, validation, transition, realization, production support, etc.
• Must have a strong track record of delivering Oracle HCM Cloud solutions, including extensive experience in the areas of business process analysis, requirement definition, and solution design.
• Experience in at least 3 end-to-end implementations in Compensation
• Working knowledge of Core HR (Global Human Resources) and Talent Management is required as secondary skills see the skills detail below. Additional exposure to ORC, Benefits, Payroll / Payroll Interface, Absence Management, HR Helpdesk or Worklife Solutions is preferred.
• Should know most of the Oracle HCM Cloud modules and awareness of the latest release functionality
• Must be flexible to travel

Primary Skills Oracle Cloud Compensation:

• Workforce Compensation: plan setup and configuration, compensation cycles, budget pools and budget distribution, worksheet design and column properties, eligibility profiles, approvals, compensation change statements, and modelling / what-if analysis.
• Individual Compensation Plans (ICP): one-time and recurring awards, element and payroll linkage, plan access and eligibility.
• Salary administration: salary bases, salary components, grades, grade rates, grade ladders and steps, and grade step progression.
• Total Compensation Statements: statement definition, categories, sources and generation.
• Fast Formula for compensation: eligibility, default and validation formulas, proration, rounding and currency conversion rules.
• Data loading and reporting: HCM Data Loader / Spreadsheet Data Loader for salary, grades and grade rates; HCM Extracts, OTBI subject areas and BI Publisher reporting for compensation.
• Market data and benchmarking, Compensation History, and integration of compensation results into Payroll and downstream systems.

Secondary Skills Oracle Cloud Core HR (Global Human Resources):

• Enterprise and workforce structures: legal entities, legal employers, legislative data groups, business units, divisions, departments, locations, jobs, positions and position hierarchies including position synchronisation, which drives compensation eligibility.
• Person and employment model: person records, work relationships, assignments, employment terms, and the actions / action reasons framework.
• Workforce record maintenance: hire, promotion, transfer and termination flows, and their downstream impact on salary and compensation eligibility.
• Approvals and workflow: BPM approval rules, approval hierarchies and the Transaction Console.
• HCM security: roles, data roles, security profiles and Areas of Responsibility, specifically as they govern access to compensation plans, worksheets and salary data.
• Configuration tooling: descriptive and extensible flexfields, lookups, value sets, Checklists and Document Records.
• HCM Data Loader / Spreadsheet Data Loader, HCM Extracts, and Redwood / HCM Experience Design Studio transaction design.

Secondary Skills Oracle Cloud Talent Management:

• Performance Management: performance templates and documents, rating models, review periods, eligibility profiles and the end-to-end performance process flow.
• Use of performance ratings as a compensation driver, including feeding performance documents and ratings into Workforce Compensation worksheets.
• Goal Management: goal plans, goal libraries, mass assignment and alignment to performance documents.
• Profile Management: talent profiles, content types, content items, model profiles and profile comparison.
• Talent Review and Succession Planning: talent review meetings, 9-box analytics, succession plans and talent pools.
• Career Development: development goals, career interests and role readiness.
• Calibration and talent ratings, plus awareness of Oracle Recruiting (ORC) offer compensation as an upstream touchpoint.

Desired Skills/Good to have:

• Ability to conduct training and knowledge sharing sessions in Fusion applications
• Exhibit effective analytical skills & organizational skills
• Good command over spoken & written English
• Effectively manages scope and customer expectations on individual assignments
• Follows through on all assignments and takes ownership of customer issues