In Release 12.1.1, Oracle Compensation has added following new features:
Anniversary Date Based Awards
Currently, Compensation Workbench allows employee rewards to be paid out on a single day across the eligible population. This enhancement provides the ability to reward employees based on an anniversary or variable date. The award effective date could be based on an employee's latest hire date, date of last pay increase or promotion, or any other reference point. You can define your business rules to determine award effective dates for employees. Reward effective dates can be defaulted into the Compensation Workbench worksheet where managers may or may not have the ability to make updates. This allows managers to do up front budgeting and allocate compensation based on the individual employee's award effective date.
Print Total Compensation Statements for Groups of Employees
Currently, you can print statements for one employee at a time. With this enhancement, you can print statements for groups of employees at the same time. A new Print Employee Statements batch process and a new UI to submit this batch process are now available. The administrator can also generate sample statements before submitting the final print job.
This enhancement provides an efficient way to print and distribute hard copies of Total Compensation Statements to employees.
Additionally, enhancements have been made to the selection method for the existing Generate Employee Statements and Purge Employee Statements batch processes. The Generate Employee Statements process will evaluate any eligibility profiles defined in the statement setup in addition to the parameters selected allowing them further filter the employee population. The administrator now has more flexibility when selecting the employee population for whom statements are to be generated or purged.
Display the Worksheet manager in the Switch to Manager Page
Currently, the search results on the Switch To Manager page only provide the employee's supervisor. When an employee has been reassigned from one manager's compensation worksheet to another, the worksheet manager becomes different from their supervisor thus making it difficult for managers to search and identify the employee's actual worksheet manager.
With this release, managers and administrators now see the employee's worksheet manager in addition to their supervisor in the Switch To Manager search results within the compensation worksheet thus making it easier to identify the correct worksheet manager to whom they need to switch.
New Salary Proposal to be Explicitly Approved
Currently, when a new salary proposal is created for a new hire in salary administration it is automatically approved by default even if the user does not have the correct approval. This enhancement now offers the ability to explicitly control approvals for new salary proposals.
The enhancement ensures that the new salary proposal approval is SOX-compliant.
New Compensation Workbench License
Starting June 18th 2007, Oracle's Compensation Workbench is a separately licensed product and will not remain a part of Compensation and Benefits and SSHR. You must purchase the new CWB license only (apart from the Oracle HRMS License) and are not required to purchase SSHR for using CWB.
To use Total Compensation Statement, you must have the CWB or Oracle Advanced Benefits license.
View Complete Performance Management Appraisal Details
As a manager you can now view complete Performance Management appraisal details from the Compensation Workbench allocation worksheet. You can review your employees' latest completed Performance Appraisals using CWB without having to switch responsibilities to access Performance Management.
Store More than 23 dates in Total Compensation Statement
You can now store more than 23 dates in Total Compensation Statement.
