Create a positive and more efficient employee separation process and curb turnover by leveraging mobile, social, analytics, and big data. With Oracle Modern Best Practice, you can gain insight into an employee’s decision to leave. Easily and accurately finalize payout options for employees and contingent labor. Automate processing and payment of final salary and accrued liabilities. Predict future workforce movement and prevent attrition by analyzing turnover factors segmented by upmarket, government, midmarket and small market.
Complete employee and contingent worker separation process (voluntary and involuntary). Incorporate statutory regulations for country/province/state/city. Automated removal of employee access to all systems.
Gain insight as to why the employee or contingent worker decided to leave (if applicable) and discuss off-boarding matters using a checklist.
Automate processing and prorate pay (performance pay, incentive pay, and base pay) due upon termination.
Automatically post final pay to payroll within corporate and statutory time limits, with verification and adjustments for scheduled or off-cycle payroll runs.
Predict future workforce movement and prevent attrition by analyzing turnover factors, such as training, working conditions, and leadership. Use exit interviews and a variety of data, such as region, job, department (upmarket, government, midmarket, and small market), and geography.