Oracle Fusion HCM Payroll

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Oracle Fusion HCM Payroll

• Before we get into the Payroll, let me give you
  an overview of HR team roles and
  responsibilities. In any business, the Human
  Resource team plays a pivotal role to achieve
  the targets. They have been taking care of many
  processes regards to employee onboarding, salary
  negotiation, increments, designations changes,
  and terminations or resignations. Out of all
  these tasks, the Payroll process is one of the
  most important and critical tasks. Payroll is a
  process of providing compensation-related
  benefits to the employee for the services he/she
  rendered for the organization.
• When an employee joins any organization, he/she
  gets some benefits as it is called Joining
  benefits. Lets take an example of an employee
  who resigned and received an appointment letter
  in a new company that is located 300 KM away. In
  this case, the new employer needs to provide
  traveling and hotel expenses for a minimum of 15
  to 20 days. In another scenario, the
  organization provides one month's salary or a
  fixed amount to a new employee as a joining fee.
  By following this method, the business team
  easily gets skilled-based employees with minimum
  effort and they can achieve business goals.
• In every organization, compensation will not be
  the same for each and every employee. It all
  depends on the work experience, nature of the
  work, hours spent by each employee, etc. In
  every organization, based on business
  requirements, employees deliver their services
  in the below-mentioned methods.
• Full Time Employee - In short, it is called FTE.
  Most companies hire resources as FTE. In this
  case, FTE needs to follow organizational policies
  and procedures. In general, every Full-time
  employee needs to work 40 hours in a week. He/she
  will get benefits as per the organization's
  guidelines
• Part Time Employee - To complete any job
  activity, the employee needs to spend only 20 to
  30 hours in a week. Employers would hire a
  part-time employee rather than a full time
  employee. In this way, employers can save the
  expenses spent on the resources
• Contract Employee Companies hire employees to
  complete a specific task or project. Once the
  task is completed, he/she will be retired from
  the organization. In this scenario, the employee
  should be considered a contract employee and will
  not have all the benefits such as health
  insurance, traveling expenses, etc
• Hourly Paid- In a typical employee job scenario,
  he/she must have spent a minimum of 40 hours.
  However, based on the job requirement, the
  employer offers an hourly paid

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method. In this scenario, the employee gets
payment based on the number of hours he/she
spent on the particular task. Lets say the
employer offers per hour 50 and the employee
spent 10 hours, then, the employee gets a salary
of 500. In a nutshell, we can say, the number
of hours spent by an employee multiplied by per
hour wage In any organization, employees have the
right to take leaves based on the leave policy.
Typically, these leaves are eligible for only
Full-time employees. We do have different types
of leaves such as casual leave, privileged leave,
sick leave, maternity leave, paternity leave,
comp off, bereavement leave, and optional
holiday. While employers provide leaves to
employees, they have to follow government rules.
Few organizations provide employees to earn
extra income from their unutilized leaves. Lets
say an employee is eligible to take 20 leaves in
a month. However, at the end of the year, he/she
utilized only 10 leaves. In this case, they can
earn money on the remaining 10 leaves based on
their Basic salary. Employees receive a salary
based on different components such as Promotion,
Experience, Market, Cost of living, Merit,
Profession, etc. This list of components varies
from organization to organization and country to
country. In earlier days, companies exist in
only one specific country. In this scenario, all
the employees have the same components. Now, we
can see company headquarters exist in one country
and their branches are located in multiple
countries. Each country has specific rules while
defining the salary components. Hence,
organizations have to create two different
payroll structures Global Payroll and Country
specific payroll. Based on the organization
structure, if any employee joined as a Manager,
he/she is eligible to take leaves. However, if
any employee joined at an Executive level, he/she
needs to wait one month to take any planned
leaves. In another scenario, only female
employees are eligible to take paternity leave
and male employees are eligible to take
maternity leaves. Hence, we need to define
specific rules for each and every employee based
on the location, gender, and designation for
salary components, leaves, etc. If we are
maintaining a small business, we can easily
capture all this information in Excel or a small
application. However, if the company exists in
multiple locations or countries and has huge
human resources, it is very difficult to maintain
the data in a small application. Hence, the
organization needs to have a robust technology
that should capture the entire information and
can easily access or download reports with
minimum effort. Oracle has understood all the
business problems and requirements. Hence, they
have developed an application called Oracle
Fusion HCM. Initially, oracle produced an
On-premise version called EBS. Later, they
provided a Cloud version which is called Fusion.
Many organizations across the world have already
been utilizing and resolving
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• all the human resources department-related issues
  such as Global and local payroll tasks, leave
  management, compensation items etc.
• Who is eligible to take Oracle FusionHCM
  Training? Graduate or Postgraduate students can
  take this course.
• To go through this training, do we need to know
  programming skills? Absolutely No. Since it is
  a web-based application, any person can easily
  understand and get a job in MNCs.
• Where should I attend this training? In
  Hyderabad, Tech Leads IT training institute
  has been providing training services on Oracle
  HCM Cloud training
• Does Tech leads IT training institute provide
  both Oracle Fusion Functional and Technical
  Training? Yes. We do have trainers who can
  deliver both Oracle Fusion HCM Functional
  training and Oracle Fusion HCM Technical
  Training
• What is Tech leads IT? It is the best institute
  for Oracle Fusion HCM training and exist in the
  market for over 10 years.
• Why should I attend Oracle Fusion HCM training in
  Tech leads IT institute only? This institute has
  a facility to attend Oracle Fusion HCM online
  training and classroom training. The trainer has
  more than 15 years of experience including
  implementation and support. Since the trainer has
  rich experience, he can share all real-time
  problems and scenarios which can help the
  trainees to get a job in less time.
• How can I contact Tech Leads IT? Tech Leads IT
  Institute exists in two locations (SR Nagar and
  Ameerpet)
• SR Nagar Address - 44/A, 302, Floor no 3,
  Geetanjali Apartments, Opp Bahar Cafe, Near SR
  Nagar Police Station SR Nagar, Hyderabad,
  Telangana, India.
• Ameer Pet Address - Annapoorna Block, ADITYA
  ENCLAVE, Flat No.111-A, 1st, Maitrivanam,
  Ameerpet, Hyderabad, Telangana 500016
• Phone and Whatsapp Number - 91 8125 32 32 32
  Email ID info_at_techleadsit.com
• Website - https//www.techleadsit.com/

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1. Does this training provide any job aids? Yes. We
   do provide Oracle Fusion HCM job interview
   questions and answers, conduct mock interviews,
   Oracle Fusion HCM Payroll implementation guide,
   etc. In case, if the trainee misses out on any
   session, he/she can access our learning portal
   where we can access daily training recording
   sessions.
2. Can I get a job after the training? Yes. Since
   many organizations are using the Oracle Fusion
   HCM application, people can get a job in big
   companies as an implementation consultant.
3. Does the trainer help students/working
   professionals to complete the Oracle Fusion HCM
   certificate? Yes. Many of our trainees have
   completed Oracle Cloud Fusion HCM Certificate
   and achieved senior positions in their
   professional journey.