Oracle HCM Compensation Specialist

6 days ago

Anywhere in IndiaMultiple Locations Visionyle Solutions Full time
Job Title: Oracle HCM Compensation Specialist

At Visionyle Solutions, we are seeking a highly skilled Oracle HCM Compensation Specialist to join our team. As a key member of our HR team, you will be responsible for leading the configuration, implementation, and optimization of Oracle HCM Cloud Compensation modules.

Key Responsibilities:
  • Lead the implementation and configuration of the Oracle HCM Compensation module, ensuring that compensation plans are aligned with business objectives.
  • Collaborate with HR and management teams to gather and analyze compensation requirements, translating them into effective Oracle HCM Cloud solutions.
  • Configure and maintain compensation plans, including merit-based compensation, bonuses, stock options, and other incentive programs in Oracle HCM.
  • Provide guidance and expertise in the design of compensation cycles, defining eligibility, budgets, and performance-based reward processes.
  • Ensure the successful integration of compensation data with other Oracle HCM modules such as Core HR, Payroll, and Performance Management.
  • Support compensation reviews and cycles, ensuring timely and accurate data updates, validation, and reporting.
  • Utilize Oracle HCM's analytics and reporting tools to create customized compensation reports, dashboards, and metrics to support decision-making.
  • Manage security and compliance requirements for compensation data, ensuring adherence to company policies and regulatory guidelines.
  • Train and support HR teams and end-users on the use of Oracle HCM Compensation modules, providing user guides, workshops, and troubleshooting as necessary.
  • Perform system testing, data validation, and troubleshooting of Oracle HCM Compensation configurations to ensure the accuracy and reliability of compensation processes.
Requirements:
  • 5+ years of hands-on experience in implementing and configuring Oracle HCM Cloud Compensation modules.
  • Strong understanding of compensation concepts, including merit pay, variable pay, bonuses, and incentive programs.
  • Proven ability to manage the end-to-end compensation cycle, from planning to execution within Oracle HCM Cloud.
  • Experience working with Compensation Workbench, Total Compensation Statements, and related modules.
  • Familiarity with Oracle HCM Cloud modules, including Core HR, Payroll, and Performance Management, and their integration with Compensation.
  • Proficiency in HCM Extracts, Fast Formulas, and BI Publisher for reporting and data analysis in compensation processes.
  • Strong analytical and problem-solving skills to ensure effective troubleshooting of system issues and data discrepancies.
  • Ability to collaborate with cross-functional teams, including HR, IT, and business leaders, to drive successful compensation implementations.
  • Excellent communication and presentation skills for user training, stakeholder management, and project delivery.

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