COMPENSATION
Oracle HCM Cloud Compensation module is a comprehensive solution that enables companies to design, approve, and deliver competitive compensation programs that align with their business objectives. It provides a suite of capabilities that help organizations manage all aspects of compensation, from salary and bonus administration to total compensation and employee equity management.
The module enables organizations to design and deliver compensation plans that align with organizational objectives, while creating greater transparency and fairness in rewards. The module also provides improved reporting and analytics capabilities, enabling users to track, analyze, and compare compensation for various employee populations.
The module’s built-in analytics empower employees to understand their total compensation mix, so they can make informed decisions about pay and flexible work arrangements. It also improves efficiency by automating the review and approval process for compensation changes, which helps to reduce administrative burden and inconsistencies between employees.
Overall, Oracle HCM Cloud Compensation module is an effective and comprehensive solution that enables organizations to build competitive compensation programs that better align with their business goals.