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Compensation Workbench and Oracle Advanced Benefits Strategies

Compensation Workbench and Oracle Advanced Benefits Strategies Presenters: Dave Neal (dneal@kbace.com) Karen Varga (kvarga@kbace.com) KBACE Sales Contact: Robert Enders Director of Business Development renders@kbace.com

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Compensation Workbench and Oracle Advanced Benefits Strategies

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  1. Compensation Workbench and Oracle Advanced Benefits Strategies Presenters: Dave Neal (dneal@kbace.com) Karen Varga (kvarga@kbace.com) KBACE Sales Contact: Robert Enders Director of Business Development renders@kbace.com Visit KBACE.com for more information

  2. KBACE Corporate Overview • Incorporated 1998 • Privately held, employee owned • Oracle Certified Advantage Partner • Multiple Lines of Business Professional Services Support Services Development Education Software • 300+ Full-time Employees with skills and competencies across the entire E-Business Suite which include: Order Management Manufacturing Projects Financials Payroll Human Resources Benefits Customer Relationship Management iApplications Application Technical Concepts

  3. KBACE References

  4. Agenda • Compensation Workbench • Brief review of Core Features • Focus on “Pay for Performance” • Additional features and uses • Oracle Advanced Benefits • Timing • Diagnostics • Existing and future functionality

  5. Compensation Workbench • Designed using 11i Total Comp model • Compensation tool for recording periodic rewards for a group of employees • Focus: • Salary increase • Bonus • Stock options • Performance Ratings • Job Changes/Promotions

  6. Core Features • Compensation Plans • Extensive plan/option eligibility • Standard and variable rates calculate compensation for eligible employees • Option Level Components • Itemize salary (Merit, Promotion, Adjustment) • Reward different types of compensation (Salary, Bonus, Stock)

  7. Pay for Performance • Rate and promote employees using individual merit measurements • Objective merit review • Based on skills and achievements • Not influenced by budget or compensation goals • Analyze performance and promotion totals by review period • Enforce business rules based on performance measurements • Restrict eligibility and recommend increase range • Calculate bonus and stock targets

  8. Performance

  9. Performance

  10. Post to HR Record

  11. Evaluate for Pay

  12. Pay for Performance Company Guidelines Read Only

  13. Pay for Performance – Target Bonus

  14. Utilizing CWB Features

  15. User Hooks • CWB Attributes 1-20 • Return 10 alphanumeric and 10 numeric results by plan • Fully supported during upgrades • Re-compute using refresh without losing manager’s work

  16. USER Hoods - Bonus Calculation Details

  17. View Maintenance • Multiple views for each plan • Display data in separate views for a single plan • Bonus details • Total Compensation

  18. Base Pay View

  19. Target Bonus View

  20. Total Compensation View

  21. CWB Employee Statements • Generated by ‘Worksheet Manager’ • Display detailed reward information by plan • Create an Employee Statement Plan to combine rewards from other plans

  22. Employee Statement Task

  23. Employee Statements

  24. CWB Creative Uses • Use CWB for modeling • Bonus forecasting throughout year • Annual/periodic planning for future distributions • Retirement annuities, deferred compensation, ESOP rewards for mass element entries

  25. Oracle Advanced Benefits

  26. Timing of Processing • Know timing of other modules • Payroll • Finance • Compensation • Know impacts to other modules • Assignment Changes • Salary Changes

  27. Keeping the System Clean • Watch Error logs on a nightly or weekly basis • Report on Backed Out Life Events on a nightly or weekly basis • Action Items • Triggers • Consider turning Life Event triggers off when post cwb and/or election worksheet WebADI uploads

  28. Diagnostics Scripts • Run frequently so don’t have a mess to clean up at OE • Watch for common problems • Coverage and Rates Overlaps/Gaps • Payroll and Benefits out of Sync • Suspended items not being unsuspended • Overrides – thru dates and are they still validate • Etc.

  29. Revisit that Plan Design • Are our Fast Formulas/Work Arounds still needed or has new functionality been delivered to handle these situations. • Reinstate • Timeliness Evaluation Rules • Rates and Coverage Start and End Date Codes • Legal Disclaimer • Interim Coverage and Waiting Period

  30. Staying Up to Date • Join BEN Dist List • Read all the readme and look for impacts to your modules • Always have a back up resource in case of employee turnover • Make sure that your training documentation is up to date • User Guide for Configuration • User Guide for Day to Day Enrollment • Common Errors and Resolutions

  31. Testing Testing and More Testing • Make sure that you have complete test scripts for patches • Module specific • Cross Module and interfaces • Make sure first time roll out to give yourself more time than anticipated • New module/functionality • New plan design

  32. Questions/Answers

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