Transcript KBACE Technologies

Compensation Workbench and Oracle
Advanced Benefits Strategies
Presenters: Dave Neal ([email protected])
Karen Varga ([email protected])
KBACE Sales
Contact:
Robert Enders
Director of Business Development
[email protected]
Visit KBACE.com for more information
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© 2006 KBACE Technologies, Inc.
KBACE Corporate Overview
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Incorporated 1998
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Privately held, employee owned
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Oracle Certified Advantage Partner
Multiple Lines of Business
Professional Services
Development
Software
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Support Services
Education
300+ Full-time Employees with skills and competencies
across the entire E-Business Suite which include:
Order Management
Projects
Payroll
Benefits
Manufacturing
Financials
Human Resources
Customer Relationship Management
iApplications
Application Technical Concepts
© 2006 KBACE Technologies, Inc.
KBACE References
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Agenda
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Compensation Workbench
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Brief review of Core Features
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Focus on “Pay for Performance”
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Additional features and uses
• Oracle Advanced Benefits
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Timing
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Diagnostics
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Existing and future functionality
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Compensation Workbench
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Designed using 11i Total Comp model
Compensation tool for recording periodic rewards for a
group of employees
Focus:
• Salary increase
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Bonus
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Stock options
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Performance Ratings
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Job Changes/Promotions
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Core Features
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Compensation Plans
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Extensive plan/option eligibility
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Standard and variable rates calculate compensation for
eligible employees
Option Level Components
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Itemize salary (Merit, Promotion, Adjustment)
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Reward different types of compensation (Salary, Bonus,
Stock)
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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
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Performance
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Performance
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Post to HR Record
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Evaluate for Pay
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Pay for Performance
Read Only
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Company
Guidelines
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Pay for Performance – Target Bonus
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Utilizing CWB Features
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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
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USER Hoods - Bonus Calculation
Details
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View Maintenance
• Multiple views for each plan
• Display data in separate views for a single
plan
– Bonus details
– Total Compensation
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Base Pay View
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Target Bonus View
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Total Compensation View
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CWB Employee Statements
• Generated by ‘Worksheet Manager’
• Display detailed reward information by plan
• Create an Employee Statement Plan to
combine rewards from other plans
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Employee Statement Task
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Employee Statements
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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
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Oracle Advanced Benefits
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Timing of Processing
• Know timing of other modules
– Payroll
– Finance
– Compensation
• Know impacts to other modules
– Assignment Changes
– Salary Changes
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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
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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.
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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
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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
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Testing Testing and More Testing
• Make sure that you have complete test scripts for patches
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Module specific
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Cross Module and interfaces
• Make sure first time roll out to give yourself more time than
anticipated
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New module/functionality
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New plan design
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Questions/Answers
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