Category: HCM Fusion

How to view Compensation Plan with respect to IRS contribution in Oracle HCM

Oracle HCM

Report Description:DataTerrain’s Oracle HCM report provides Employee records who have Pre Tax plus Roth Employees contributions that equal or exceed the IRS Employee Contribution Limit. This report can be run for the below parameters● Year● Process Configuration Group● Payroll● Consolidation group● Payroll Statutory Unit● Tax Reporting UnitThis Prebuilt report is available as an HCM Extract and hence it can be run from the Checklist.Output: The output data will have Retirement Plan Code, EDB, Bonus details, Eligible Earning and Tax Elements.The output format of this report is Excel and it can also be rendered as PDF/CSV.Schedule: Payroll Team can also schedule the report for delivery weekly/bi-weekly and use it for a regular audit.DataTerrain, with years of experience and reliable experts, is ready to assist. We have served more than 250 customers in the US and over 70 customers worldwide. We are flexible in working hours and do not need any long-term binding contracts.

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How to ensure that COVID does not disrupt your business

Human Capital Management

In light of the coronavirus outbreak (COVID-19), ensuring business continuity has become a major consideration for organizations worldwide. These are some actions that organizations can take to ensure that their business is not slowed down: Leverage Cloud Platforms – Cloud platforms like Amazon Web services, Azure for Cloud-based infrastructure and cloud-based BI platforms like OAC, Oracle HCM Fusion enables your employees to work from home and continue to be productive. Enable Employee connectivity – Keeping your people connected, engaged and updated is key when business continuity is concerned.  Office productivity platforms like Microsoft O365, G-Suite ensure that employees can use these applications from home and stay connected via Microsoft teams, Google-Hangout, etc. for virtual meetings. For example, your Human resources team will be able to stay on top of managing the employee Payroll by accessing the Oracle HCM platform even if they’re not in the office. Provide the right tools for the employees – The right tools are essential to ensure your employees stay connected in situations such as this – not only with the organizations but your customers too. Ensure that they have access to laptops, work phones, and adequate internet connectivity. DataTerrain with years of experience and reliable experts […]

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Jumpstart Employee Engagement with BI Technology

Oracle HCM

Emerging HCM Cloud Technology Drives Engagement Employees are 50% more likely to lead engagement in an environment where business technology is made available to them. Many organizations are putting special focus on employee engagement to improve the efficacy of their most valuable assets. Capitalize on technology with the right BI support to ensure job satisfaction, career development and employee retention. Here is how emerging technologies are driving employee engagement. New Working Environments Flexible schedules and virtual offices are more important than ever in the current business climate. Work-from-home and virtual meeting spaces are important parts of any organization that wants to retain and attract high-priority talent. This can often lead to less overhead costs and training time for businesses as well, creating a win-win situation for any company that is willing to take digital transformation seriously. Thanks to solutions such as HCM cloud, there are numerous collaboration tools that you can use to achieve your goals. Collaboration and Training In order to remain competitive, continuous training is often required of employees at every level. In-person meetings, subsidised with virtual classes and one-on-one training help to create an environment of education within your organization. Emerging BI tech allows employees to take […]

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