Higher education employs many different types of workers—from tenured and adjunct faculty to nonfaculty staff and students—creating additional complexities for benefits management. With Oracle Modern Best Practice, you can leverage mobile, social, analytics, big data, and the cloud to easily define and administer agile, diverse, and attractive benefit programs, such as sabbatical leaves, tuition wavers, and state benefit program accommodations. Seamlessly connect HR data into your financial systems to ensure that fringe benefit pools for merit staff, graduate assistants, and postdoctoral scholars are properly allocated to funding sources. Cloud-based portals unite payroll processing with employee self-service—supporting fast benefit process enrollment.
Define plans, such as fringe benefit entitlements. Determine eligibility and assess the likely cost of the plans. Reuse plan elements across institution campuses as needed. Manage both local and state plans. Administer tuition waivers and sabbatical leaves.
Schedule annual/periodic enrollments for faculty and staff populations (such as tenured and adjunct). Process life events, on-demand requests, and fringe pool allocations.
Prepare plans and manage faculty and staff self-service enrollments. Integrate employee benefit plans with state benefit programs.
Submit employee benefit enrollment information to third-party benefit providers and/or state agencies.
Automate processing to payroll for the designated pay run. Ensure fringe pools are allocated correctly to funding sources outlined in cost accounting.