Oracle HCM Compensation

4 weeks ago


Bengaluru, Karnataka, India Thought Frameworks Full time
Job Title: Oracle HCM Compensation & Benefits Module Specialist

Job Summary:
Thought Frameworks is seeking a highly skilled Oracle HCM Compensation & Benefits Module Specialist to join our team. As an Oracle HCM Compensation & Benefits Module Specialist, you will be responsible for managing and administering the Compensation & Benefits module within the Oracle Human Capital Management (HCM) system. This role involves configuring, implementing, and maintaining the module to support the organization's compensation and benefits programs effectively.

Key Responsibilities:
• Configure the Oracle HCM Compensation & Benefits module based on the organization's compensation and benefits policies, guidelines, and structures.
• Collaborate with HR and compensation teams to gather requirements and translate them into system configurations.
• Customize the module to align with the organization's specific needs, such as salary structures, bonus plans, and benefit offerings.
• Test and validate the module's functionality to ensure accurate calculations, eligibility rules, and system integration.

Data Management:
• Ensure accurate and up-to-date data within the Compensation & Benefits module, including salary information, job classifications, and benefit plan details.
• Conduct data analysis and audits to identify and resolve data discrepancies or inconsistencies.
• Collaborate with HRIS and IT teams to integrate data from other systems, such as payroll and performance management, into the Compensation & Benefits module.
• Monitor data quality, troubleshoot issues, and implement data validation and cleansing processes.

System Maintenance and Support:
• Provide ongoing support and troubleshooting for the Oracle HCM Compensation & Benefits module.
• Collaborate with IT and vendor support teams to resolve system issues, implement patches, and perform upgrades.
• Stay up to date with system enhancements and new features, assess their impact, and recommend their adoption if beneficial.
• Conduct system testing and quality assurance to ensure the module's stability and performance.

Reporting and Analytics:
• Generate and analyze reports from the Compensation & Benefits module to provide insights on compensation trends, benefit utilization, and cost analysis.
• Create custom reports and dashboards to meet the needs of HR, finance, and senior management.
• Assist in the development of metrics and key performance indicators (KPIs) to evaluate the effectiveness of compensation and benefits programs.
• Stay informed about regulatory requirements related to compensation and benefits reporting, and ensure compliance in reporting practices.

Training and Documentation:
• Provide training and support to HR staff, managers, and employees on how to effectively use the Compensation & Benefits module.
• Develop user guides, documentation, and training materials to facilitate system understanding and usage.
• Conduct training sessions or workshops to educate users on system updates, enhancements, and best practices.

Requirements:
• Master's degree in human resources, Information Systems, or a related field.
• Previous experience working with Oracle HCM Compensation & Benefits module or similar compensation and benefits management systems.
• Strong understanding of compensation and benefits practices, including salary structures, bonus plans, and benefit offerings.
• Proficiency in configuring and customizing the Oracle HCM Compensation & Benefits module.
• Solid data management and analytical skills, with the ability to interpret and analyze compensation and benefits data.
• Knowledge of relevant employment laws and regulations related to compensation and benefits administration.
• Excellent problemsolving and troubleshooting abilities.
• Strong communication and interpersonal skills to collaborate effectively with stakeholders at all levels.
• Detail-oriented and organized, with the ability to manage multiple tasks and prioritize effectively.
• Ability to stay updated with new system features and industry best practices.
• Professional certifications related to Oracle HCM or compensation and benefits management are a plus.

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