Promote fairness and help retain top talent, regardless of location, by using real-time data to create and model compensation plans based on your own unique requirements.
Product Essentials—Oracle Compensation (4:22)
The Value Index for total compensation management in 2023 finds Oracle first on the list. Companies that place in the top three in any category earn the designation Value Index Leader. Oracle has done so in all of the seven categories.
Use modeling to calculate amounts based on relevant criteria to see what the actual cost would be and allocate the final amounts.
Provide managers with the ability to distribute amounts to their directs or all managers in the organization.
Make decisions about compensation plans using connected, relevant employee data from Oracle Cloud HCM.
Allocate and manage various types of compensation such as salary, bonuses, and stock for workers, regardless of their location.
Allocate final amounts with automatically calculated salary components for each employee in different countries.
Provide immediate comparisons to budget, pay history, and other industry-standard markers such as compensation ratio.
Define and apply organization-specific rules that enforce manager allocation guidelines and detect anomalies.
Define eligibility for compensation plans based on various criteria from Oracle Cloud HCM data such as grade and division.
Incorporate employee performance measures to drive the planning, budgeting, and approval of compensation allocations.
Compare an employee’s pay to imported market data based on their job or position and their location.
Create individual plans with eligibility rules, document upload, and approvals to enable employees to claim various allowances.
Get a holistic view of your compensation strategy by reviewing various criteria such as level, geography, and gender.
Generate and distribute compensation letters to help managers share new information with employees.
Provide employees with full visibility into their total compensation including earnings, equity awards, benefits, and more.
Discover Oracle Compensation in this product tour.
Guide managers with automatic calculations and alerts that appear when compensation allocations are out of policy.
Drive fairness and equity by enforcing organizational policies at an individual level when making awards.
Make more-informed decisions when distributing rewards by using Oracle HR data, market data, and target amounts.
Recognize your top talent with rewards based on unique requirements, such as Oracle Performance Management measures.
Shorten compensation cycles and make smart decisions with real-time HR data and flexible approval processes.