Fusion Compensation Management Workforce Compensation Plan Setup
Fusion Compensation Management Workforce Compensation Plan Setup
Fusion Compensation Management Workforce Compensation Plan Setup
Table of Contents
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Fusion Compensation Management – Workforce Compensation Plan Setup
Document Information............................................................................................................3
Document Participants.....................................................................................................................................3
Revision History................................................................................................................................................3
Document Scope.....................................................................................................................4
Module Information.........................................................................................................................................4
Keywords..........................................................................................................................................................4
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Document Information
Document Participants
Author(s) Puneet Agarwal
Contributor(s)
Reviewer(s)/Approver(s)
Benefited/Affected Organization(s) Global Customer Support
Revision History
Version Modified Changed
Who Change Summary
Date Section(s)
1.0 29-Aug-11 Puneet New Document
Agarwal
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Document Scope
Module Information
Business Process Compensation Management
Detailed Business Define / Administer Compensation
Process
Activity Manage Compensation Plans
Pillar Human Capital Management
Product Fusion Version 1.0
Keywords
FAST, Fusion Application, Create Compensation Plan, Define Plan Details, Define Plan
Eligibility, Define Plan Cycles and Dates, Define Plan Currency, Restrict Plan Access, Configure
Feedback, Define Budget Pools, Configure Budget Display, Define Compensation Components,
Configure Performance Ratings, Configure Approvals, Configure Compensation Change
Statements, Define Alerts and Errors, Configure Worksheet Display, Configure Modeling,
Configure Reports, Define Report Dimensions, Validate Plan and Initiate Compensation Cycle
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5. Click on Create button. You now see the task list which lists all the tasks needed to set up a
plan.
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In this Task you enter the basic details that control the high-level workings of the Compensation
plan.
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1. Click on Manage Eligibility Profiles Button and create or update eligibility profiles to use in
compensation plans.
2. Select the Eligibility Profile to be attached to the Compensation Plan. You can attach multiple
Eligibility profile to the Compensation Plan.
3. If there are multiple Eligibility Profiles then you can check “Required” checkbox to make the
Eligibility Profile mandatory for making the employee eligible for compensation Plan.
4. Check “Include ineligible workers on the worksheet” checkbox to make ineligible employee
also included in the worksheet.
5. Click on Next button to proceed to next task.
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3. Click on OK Button.
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4. You can duplicate the plan cycle and carry forward all the date to the next year by clicking on
the Duplicate button.
5. Enter New Cycle Name.
6. Enter New Cycle Display Name.
7. Enter “12” as the Number of Months to Advance.
8. Click on OK button.
9. Click on Next button to proceed to next task.
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1. Select the Currency Switching field to Yes if your plan is global and all workers are not paid in
same currency as the corporate currency. It enables currency switcher to managers.
2. Select the Conversion Type. It determines the source of the currency conversion rate such as
user defined, spot, or corporate.
3. Select the corporate currency. This is the currency in which monetary amounts will be
converted for display purposes and also the currency that corresponds with monetary budget
amounts.
4. Click on Next button to proceed to next task.
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Configure Feedback
In this task you can capture an overall rating for the plan as well as compose up to 5 questions
that you would like managers to answer when they submit their worksheets.
1. Select Enable Feedback field to Yes if you want manager to provide written feedback to
questions.
2. Select Overall Rating field to Yes if you want managers to provide a rating for the
compensation cycle.
3. Enter Special Instructions for manager to choose rating.
4. Disable any ratings you do not want to use.
5. Change the Display Names if you want.
6. Enter up to 5 questions you would like answered.
7. Click on Next button to proceed to next task.
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1. Select the Enable Budgeting field as Yes if you want to enable the budgeting.
2. Click on Create icon in the toolbar.
3. In the Create Budget Pool window, enter the Budget Pool Name.
4. Enter a Display Order.
5. Select the Budgeting Method as Manager level budgeting or Worker level budgeting.
Manager level budgeting means that budgets will start at the highest level and will be
distributed down the reporting hierarchy.
6. Select the Budget Storage Method as Amount or Percentage.
If budget is stored as amount then Budget amounts will remain same irrespective of
change in eligible salary.
If budget is stored as percentages of eligible salaries then budget amounts would
change as the total eligible salary of the workforce changes.
7. Check “Automatically publish budgets” checkbox to automatically publish the budget.
8. Check “Budget is in nonmonetary units” checkbox if budget is non monetary. If this checkbox
is checked then enter the Non Monetary Unit as Day, Hour, item, Share and Unit.
9. Check “Allow over budget when budgeting” checkbox to allow budgeting over the current
budget. If checkbox is checked then enter the Maximum Percentage Over Allocation.
10. Check “Allow over budget when allocating compensation” to allow compensation allocation
over the current budget. If check box is checked then enter the “Maximum Percentage Over
Allocation”.
11. Click the OK button to close the window.
12. Click on Next button to proceed to next task.
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1. Click on the configure button opposite to the Budget Pool for which you want to configure
budget display.
2. Click on the Summary tab to configure the columns that appear in the summary section of the
budget page. Use the expand icon and check the enable checkbox for the column you want to
be included. You can also change the Display Name of the column.
3. Click on Detail table tab to configure the columns that appear in the detail table of the budget
page. Use the expand icon and check the enable checkbox for the column you want to be
included. You can also change the Display Name of the column.
4. Click on Worker List to configure the columns that appear in the worker list page. Use the
expand icon and check the enable checkbox for the column you want to be included. You can
also change the Display Name of the column.
5. Click on Action tab to configure the actions that appear in the menu on the budget page. Check
the enable checkbox for the action you want to be included.
6. Click on Information tab to compose optional information text that appears at the top of the
budget sheet.
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1. Select the Enable Performance Ratings field to Yes if you want to enable performance rating.
2. Select Performance Ratings to Use as Integrate with Oracle Fusion Performance Management
or Use compensation performance ratings or Both.
Integrate with Oracle Fusion Performance Management is used when you want to
capture performance rating from Oracle Fusion Performance Management.
Use compensation performance ratings is used when you want manager to capture
performance ratings from managers during the compensation cycle.
3. Select layout option as Use Traditional list of values system or Use Star Rating System.
In Use Traditional list of values system manager select the option like Outstanding,
Average, Below Average etc.
In star rating system, managers give workers a certain number of stars to rate their
performance.
4. Select the Rating Model. Rating models can be defined with a target distribution. For
example, if the company wants to identify the top performing 10% of the workforce, a target
maximum of 10% could be imposed on the highest rating.
5. Click on Next Button to proceed to next task.
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Configure Approvals
In this task you configure when managers can submit their worksheets for approval, when they
can approve their lower managers’ worksheets and you can define an alternate approval
hierarchy for a given manager other than the one determined by the process when the cycle is
started.
1. Select the Approval Mode as Approve any time or Manager must first submit to determine
when a manager can approve a lower manager’s worksheet.
2. Select the Submit Mode as Submit anytime or All Manager must be approved to determine
when a manager can approve a lower manager’s worksheet.
3. Select the Alternate Approval table to define an alternate approval hierarchy for a given
manager other than the one determined by the process when the cycle is started.
4. Click on Next Button to proceed to next task.
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1. Select the Enable Worker Statement field to Yes to enable manager to generate the
compensation change Statements.
2. Select Statement Group which is set of related template used to generate compensation change
statement.
3. Select the Statement Generation Timing as “Any”, “Processed only”, or “ Processed or final
approval obtained” to set when a manager can generate the statement.
4. Set the Output Format as PDF or RTF.
5. Click on Next Button to proceed to next task.
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1. You can enable the quick alert by checking the Enable Checkbox.
2. Select the Type as “Alert”, “Warning” or “Information”.
3. To Define Custom Alerts, click the Add Row icon.
4. Enter the Name for your alert and select the icon which you want to appear in the alert column
on the worksheet.
5. Enter a Description for the alert.
6. Click the pencil icon in the Criteria column to create the criteria.
7. Click on Next Button to proceed to next task.
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Approvals tab type is specifically designed for managers to approve the worksheets of
their lower level managers.
Compensation, Performance and Promotion tabs allow you to select from the same set of
columns to display, but the summary table and analytics are specific to the focus of the
tab.
Communications is designed for managers to be able to generate compensation change
statements for their. Often this is enabled after the compensation cycle is complete.
A tab type with no page header can be used for any purpose because it does not have a
summary region.
7. Click the Configure Tab Layout button to configure the worksheet tab layout and action
available to manager.
8. Click on the Summary tab to configure the columns that appear in the summary section of the
worksheet. Use the expand icon and check the enable checkbox for the column you want to be
included. You can also change the Display Name of the column.
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9. Click on Detail table tab to configure the columns that appear in the detail table of the
worksheet. Use the expand icon and check the enable checkbox for the column you want to be
included. You can also change the Display Name of the column.
10. Click on Action tab to configure the actions that appear in the menu on the worksheet. Check
the enable checkbox for the action you want to be included.
11. Click on Information tab to compose optional information text that appears at the top of the
worksheet.
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Configure Modeling
In this task you configure the modeling and the access of modeling to managers and
administrator.
1. Select the Enable Modeling field as Yes, if you want to enable modeling.
2. Select the Roles with Model Access as “Enable for administrator and manager” or “Enable for
administrator” to set the role for which Modeling will be configured.
3. Select Managers Can Create Their Own Models as Yes if you want manager to create their
own modeling.
4. In the Allocation Methods table, check the enable checkbox for the Allocation method to be
available to manager.
5. Click on Next Button to proceed to next task.
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Configure Reports
In this task you configure the reports that can be viewed at any time during the compensation
cycle so that managers can analyze their allocations or allocations of their direct reporting
managers.
1. Check the Enable checkbox for the reports that you want to be enable to the managers.
2. Proceed to the next task.
3. Click on Next Button to proceed to next task.
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1. Check the Enable checkbox for the Dimensions by which manager can view reports.
2. Change the Display Name.
3. Configure the range increment in which reports will be shown.
4. Click on Next Button to proceed to next task.
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