Advance Total Compensation Statement for Executives

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REMINDER Check in on the COLLABORATE mobile app Advance Total Compensation Statement for Executives: A Case Study Prepared by: Patty Snider HCM Senior Consultant Emtec, Inc. Session ID#:

Transcript of Advance Total Compensation Statement for Executives

REMINDER

Check in on the

COLLABORATE mobile app

Advance Total Compensation Statement for Executives: A Case Study

Prepared by:

Patty Snider

HCM Senior Consultant

Emtec, Inc.

Session ID#:

Agenda

■ Introduction

■ Overview of Oracle HCM Cloud Workforce Compensation Module

■ Case Study

■ Lessons Learned

■ Questions

Introduction

Presenter Information

■ Patty Snider, HCM Senior Consultant

▪ Over ten years of experience implementing, upgrading and

administering HRIS systems

— Oracle HCM Cloud

— PeopleSoft HCM

— PeopleSoft ELM

▪ Human Resources process background

▪ Compensation implementation expert

Business and Technology Empowered

Overview of Oracle HCM Cloud Workforce Compensation Module

Oracle HCM Cloud Applications

■ Comprehensive, integrated, and flexible suite of cloud-based HR software

■ Fully integrated functionality within four key areas: core HR, workforce management, workforce rewards, and talent management.

Oracle HCM Cloud Services

Oracle Cloud Workforce Compensation

■ Design compensation programs tailored for global and local organizations all in one application:

▪ Flexible Configuration

▪ Compensation modeling solutions

▪ Integrated performance management

▪ Pay for performance

▪ Total compensation communications

Case Study: Total Compensation Statements for Executives

Customer Profile

■ Internationally-recognized designer of high-end furnishings with 2012 revenue of more than $1.7 billion

■ 4000+ employees in U.S. and Canada

■ Previous compensation system, developed internally, employed Lotus Notes and a custom database

■ Conduct merit/pay administration for the organization twice a year

Objective

Reduce the complexity and the timeline of the salary planning process

The Business Challenge

■ In the previous system, there was an extensive amount of technical preparation work required prior to the opening of each compensation cycle.

▪ Gathering a large number of spreadsheets

▪ Manually updating system data.

▪ Manually create ~200 customized executive

total compensation statements

▪ Limited visibility for higher level managers

▪ Frustrating user experience for superiors and

managers

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Why Modernize Now

1. Reduce complexity in preparing for and administering the compensation planning process

2. Enable greater line manager self-service and real time visibility for high-level management

3. Streamline business process to decrease exceptions

Solution

■ Oracle HCM Cloud Coexistence

▪ Base HCM Cloud for coexistence

▪ Bidirectional integration to/from HR source system and HCM

Cloud application

■ Workforce Compensation Module

▪ Compensation Workforce Plans

▪ Executive Total Compensation Statements

Executive Total Compensation Statement

■ A critical business requirement that required extensive prototyping and review

■ ~200 employees receive executive total compensation statements

■ Prior solution was to manually create individualized customized total cash and non-cash compensation statements

■ Required similar online and printable versions available

HCM Cloud Solution Configuration

■ The statements are now created in Oracle HCM Cloud via two standard templates

■ The templates were configured to support the following:

▪ Ability to retain unique design

▪ Only show the specific cash and non cash compensation items

that apply to specific employee

▪ Leverage template eligibility rules

▪ One click display via UI and PDF to increase user experience

Accommodating Custom Requirements

■ Descriptive Flex Fields to evaluate values within compensation worksheet

■ Four level salary range placement

■ Merit pool budgeting based on an employee’s projected increase

■ User defined fields created to build Total Compensation Statements on demand

Results

■ Streamlined Total Compensation Statement generation process

■ Automatic generation of Compensation Change Statements

■ Streamlined reporting

■ Manager-specific merit budget management

Total Compensation Statement Demo

Sample Printable PDF

Lessons Learned

Lesson Learned

■ Prepare for Data Clean-Up/Conversion

▪ Plan early

▪ Identify required clean-up activities prior to conversion

▪ Ensure proper verification of data

■ SaaS applications leverage best practices

■ Clearly identify business requirements

■ Allow adequate time for prototyping and testing

■ Change management is critical

Questions

Questions

Contact Information

■ Thank you for your time and attendance today!

■ Please contact Patty Snider with any additional questions

regarding your compensation system or implementation:

Phone: 312.216.6974

Email: [email protected]

Website: www.emtecinc.com

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