Oracle Workforce Rewards Cloud

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1 Oracle Workforce Rewards Cloud Release 12 New Feature Summary December

2 TABLE OF CONTENTS REVISION HISTORY... 3 OVERVIEW... 4 COMPENSATION... 5 COMPENSATION AND TOTAL COMPENSATION STATEMENT... 5 View Salary Components... 5 Route Individual Compensation Approvals Based on Salary... 5 Workforce Compensation Notification Personalization... 5 BENEFITS... 6 BENEFITS... 6 Benefits Billing... 6 Improved Self Service Benefits Pages... 6 PAYROLL... 7 GLOBAL PAYROLL... 7 Calculate Accrual Balances in a Payroll Flow... 7 PAYROLL FOR CHINA... 8 Nontaxable Employee and Employer Contribution Threshhold Amounts... 8 PAYROLL FOR KUWAIT... 9 Social Insurance 2015 Enhancement... 9 Electronic Fund Transfer Template Update... 9 Payroll Cycle Flow Update... 9 Report 56 Enhancement... 9 COUNTRY SUPPORT FOR PAYROLL INTERFACE France New Calculation Card: Hardship Factor Statutory Deduction Calculation Card Enhancement Pension and Welfare Calculation Card Enhancement WORKFORCE REWARDS TRANSACTIONAL BUSINESS INTELLIGENCE Enhancements for Compensation New Sample Compensation Analyses Enhancements for Benefits New Dimension: Open Enrollments and Benefit Legal Disclaimer New Dimension: Benefit Person Habits Enhancements for Payroll New Subject Area: Payroll Balances Real Time

3 REVISION HISTORY This document will continue to evolve as existing sections change and new information is added. All updates are logged below, with the most recent updates at the top. Date What s Changed Notes 16 JAN 2016 Oracle Fusion Benefits: Benefits Billing Added new feature information delivered in Rel 12 base release. 05 DEC 2016 Initial Document Creation 3

4 OVERVIEW Oracle HCM Cloud release documents are delivered in five functional groupings: Suggested Reading for all HCM Products: HCM Cloud Common Features (This document pertains to all HCM applications. It is the base human resource information for all products and HCM Tools.) Global Human Resources Cloud (Global Human Resources contains the base application in which other application use for common data such as workforce structures and person information. Regardless of what products you have implemented you may want to see the new features for Global Human Resources that could impact your products.) NOTE: Not all Global Human Resource features are available for the base Talent and Compensation stand alone applications. Optional Reading for HCM Products (Depending on what products are in your cloud service): Talent Management Cloud (All Talent applications) Workforce Rewards Cloud (Compensation, Benefits, Payroll and Global Payroll Interface) Workforce Management Cloud (Absence Management and Time and Labor) Additional Optional Reading: Common Technologies and User Experience (This documents the common features across all Cloud applications and is not specific to HCM) NOTE: All of these documents can be found on the Oracle Help Center at: under Human Capital Management Release Readiness. 4

5 COMPENSATION COMPENSATION AND TOTAL COMPENSATION STATEMENT Oracle Fusion Compensation enables your organization to plan, allocate, and communicate compensation using the most complete solution in the market. Make better business decisions using embedded analytics and a total compensation view of workers, regardless of geographic location or pay package components. VIEW SALARY COMPONENTS View salary components from read only pages, such as compensation history, My Information, and My Team Compensation, when a worker s salary basis is configured to use components to itemize the salary adjustment. Previously, read-only pages did not display components when a worker s salary basis used components. ROUTE INDIVIDUAL COMPENSATION APPROVALS BASED ON SALARY Route approvals for individual compensation awards using the attributes of the worker s salary record in the approval rule. WORKFORCE COMPENSATION NOTIFICATION PERSONALIZATION Personalize workforce compensation notifications. Administrators can now using the Oracle page Composer, selectively show and hide various components of the notification, including fields, labels, and regions. They can also edit labels, colors, and the page layout and add custom text and external links to the page. 5

6 BENEFITS BENEFITS Oracle Fusion Benefits is a complete, configurable and flexible global solution that enables organizations to successfully evolve and adapt to the unique needs of their workforce. The solution enables setup of traditional 'one-size fits all' plans to highly complex plans that selectively target different workforce segments with different benefit packages. Self-service capabilities present the user with an out of the box intuitive guided enrollment process with contextual information and embedded analytics. BENEFITS BILLING Enable your benefits administrators to bill retirees, dependents or employees on unpaid leave of absence directly for benefit plan costs instead of charging through the payroll deduction process. Prepare and generate charges in bulk or individually, depending on the numbers involved. This flexibility enables administrators to generate the first charges for an individual. They can then ensure that the details are correct before handling all subsequent charges via the bulk processes. Once payment is received you can record payments, including exact payments, under or over payments, and even several payments against the same bill. The application handles these different scenarios by subtracting or adding the under or overpaid amounts to the next charges and bill generated. The application settles the oldest bills first, and the highest cost option, which is most likely Medical, until it has allocated the payment made fully. You can even record payment without a bill being previously generated, and make manual adjustments. IMPROVED SELF SERVICE BENEFITS PAGES Help participants through the enrollments process more easily. Filters can be configured on train stops to enable participants to quickly see which plans and options are appropriate to them and hide the ones that aren't. Information icons are now available in each train stop to enable participants to make more in-depth enrollment decisions. Participants can also click the Select buttons or the triangular expansion widgets alongside the plan names to display any additional rates configured to help make selections. Participants can now more easily designate dependents and beneficiaries when making selections by making it a clear part of the selection process. 6

7 PAYROLL GLOBAL PAYROLL Oracle Fusion Global Payroll is a high-performance, graphical, rules-based payroll management application. It s designed to keep pace with the changing needs of your enterprise and workforce in order to reduce setup costs, administration, and processing time. It operates globally and consistently in every country supported by Oracle. It uses a highly scalable processing engine that takes advantage of the features of the Oracle database for parallel processing, resulting in optimal performance. In countries with payroll extensions delivered and supported by Oracle, the application delivers the calculations, tax reporting, and regulatory rules required to accurately process payroll and remain in compliance. CALCULATE ACCRUAL BALANCES IN A PAYROLL FLOW Streamline your end-to-end payroll flow by running the accrual process used by Absence Management as part of your payroll cycle. Add the Calculate Accruals and Balances task to your existing payroll flow. This automatic task will begin when the preceding task completes. 7

8 PAYROLL FOR CHINA Payroll for China supports country specific features and functions for China. It enables users to follow China s business practices and comply with its statutory requirements. NONTAXABLE EMPLOYEE AND EMPLOYER CONTRIBUTION THRESHHOLD AMOUNTS Comply with the regulation on taxable social security contribution calculation in Shenzhen and Shanghai by capturing nontaxable employee and employer contribution threshold amounts and using them in the monthly individual income tax calculation. 8

9 PAYROLL FOR KUWAIT Payroll for Kuwait supports country specific features and functions for Kuwait. It enables users to follow Kuwait s business practices and comply with its statutory requirements. SOCIAL INSURANCE 2015 ENHANCEMENT Comply with legislative requirements. A new component for gratuity contributions has been added to the Social Insurance calculation. The additional employee contribution is applicable to all Kuwaiti workers employed in the private sector and, depending on hire date, some government sector workers. Employers can record whether or not to pay the gratuity amount due to an employee on termination. In addition, they can record whether an employee has received a gratuity payment in the past and the date that payment was received. The payroll process uses this information to determine whether or not gratuity contributions are to be deducted as part of the Social Insurance calculation. ELECTRONIC FUND TRANSFER TEMPLATE UPDATE Comply with legislative requirements. The Electronic Fund Transfer (EFT) template now includes MOSAL ID and IBAN Number in compliance with banking regulations. PAYROLL CYCLE FLOW UPDATE Ensure payroll processes are run in the correct order. Payroll Cycle is a global seeded payroll flow which enables you to run predefined payroll tasks in a predefined sequence for each payroll period, in a best practice flow. The payroll cycle flow has been amended so that the payroll archive is run prior to payment tasks. REPORT 56 ENHANCEMENT Comply with legislative requirements. The payroll archive and Report 56 have been enhanced to manage multiple payroll runs in the same period and report each employee only once. 9

10 COUNTRY SUPPORT FOR PAYROLL INTERFACE FRANCE NEW CALCULATION CARD: HARDSHIP FACTOR Capture the following information related to Hardship: Year Concerned Hardship Factor: Hyperbaric activities, Night time work, Alternative cycle, and Repetitive work STATUTORY DEDUCTION CALCULATION CARD ENHANCEMENT Capture the following additional information in the Statutory Deduction calculation card: Resident Abroad: Social Security and Tax status Pensioner: Employee Pension status upon hire PENSION AND WELFARE CALCULATION CARD ENHANCEMENT Capture the following additional information in the Pension and Welfare calculation card: Number of adult legal beneficiaries Number of dependent children Number of child legal beneficiaries Number of beneficiaries 10

11 WORKFORCE REWARDS TRANSACTIONAL BUSINESS INTELLIGENCE Oracle Fusion Transactional Business Intelligence is a real time, self-service reporting solution offered to all Oracle Cloud application users to create ad hoc reports and analyze them for daily decision-making. Oracle Transactional Business Intelligence provides human resources managers and specialists, business executives, and line managers the critical workforce information to analyze workforce costs, staffing, compensation, performance management, talent management, succession planning, and employee benefits. ENHANCEMENTS FOR COMPENSATION NEW SAMPLE COMPENSATION ANALYSES Streamline building analysis by using the following new sample Compensation analyses now available: High Performers Salary Adjustment: Compa-ratio bands of workers by the length of service in the organization. Compa-Ratio by Worker Count: Calculated compa-ratio bands and the percentage of workers in those bands. Salary Adjustment Trend: Trend of salary adjustment by job, grade, country, and business unit for the years selected. Compa-Ratio by Length of Service: Compa-ratio bands of workers by the length of service in the organization. ENHANCEMENTS FOR BENEFITS NEW DIMENSION: OPEN ENROLLMENTS AND BENEFIT LEGAL DISCLAIMER Enhance your benefits reporting by using these two new dimensions, Open Enrollments and Benefit Legal Disclaimer, to report on enrollments that were recorded with or without disclaimers, and also to report on default and pending enrollments. NEW DIMENSION: BENEFIT PERSON HABITS Use the Person Habits dimension to report on eligibility and rate calculation determinations for benefits processing. 11

12 ENHANCEMENTS FOR PAYROLL NEW SUBJECT AREA: PAYROLL BALANCES REAL TIME Enhance your payroll reporting capabilities with the new subject area related to payroll balances. Use the Payroll Balances subject area to report on worker payroll run balances at all levels such as assignment, employment term, and payroll relationship. Payroll balance categories, balance types, names, and balance values that are available. For access to the library of sample reports and analytic that can be used and/or modified for use please access Apps Connect and the Report Sharing Center

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