A leading American technology company, one of the Top 10 semiconductor manufacturers in the world, embarked on a multi-year journey to transform its Human Capital Management (HCM). The rapid pace of industry changes across the globe drove an increased focus on managing its talent and necessitated proactive tracking of HR metrics to ensure they continued to attract, invest in, and retain the best talent available across its worldwide centers. With around 30,000 employees, the volume of personnel changes, and relevant data, was quite large. This required standardized reporting and dashboards that also needed to be localized and customized for specific areas. With the proliferation of applications, multiple data sources needed to be integrated. The legacy PeopleSoft system had its limitations in keeping up with the agility the business required. This industry leader selected cloud-based reporting using Oracle HCM and Taleo to provide the necessary functionality required. Improved HCM reporting was expected to align and manage resources better by integrating data across global HR, payroll, time and labor, compensation, and talent management. Improved compliance with local and international laws through the integration of business intelligence, social networking tools, and enhanced data access across devices was another key outcome. The challenge – […]
401K is a popular retirement saving plan provided by the employer which helps employees to save for their retirement years. Every year, there is a contribution limit set for the 401K plan which will be deducted from the Employee’s payment. This deduction should be done as per the defined limit and any employee who has contributed over the limit should check these before their annual tax filing, failing which will invite penalties. ReportDescription: DataTerrain’s Prebuilt report helps the Employer and the Employee to get quickly the list of employees who have contributed more than the limit set for a year. Parameters: This report can be run for a date range so that Users can view the contributions that occurred in a particular date range, generally for a financial year. Parameters available in the report are listed below: • Effective Start Date/End Date • Person Number • Legal Employer • Payroll This report is available as a HCM Extract and BIP report. Based on User’s preference, it can be run from a Checklist or BI Publisher Catalog.Prebuilt HCM Report to audit employees 401K Contribution Limit Output: The output data will have details regarding the person number, latest assignment number and status, […]
DataTerrain’s prebuilt Oracle HCM report provides 100 percent of base salary for weeks 2 to 13 of disability (Week one is taken as Time Bank hours) and also provides 75 percent of your base salary for weeks 14 through 26. This is as per DPC (Disability Policy Consortium) norms. This report can be run for the below parameters● Start Date● End Date● Person● Process Configuration Group● Payroll● Consolidation group● Payroll Statutory Unit● Tax Reporting Unit● Payroll Relation Group This Prebuilt report is available as an HCM Extract and hence it can be run from the Checklist.Output: The output data will have Department classifications, Elements description, Monthly Salary of each employee.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 to get it delivered 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.
Investing in HCM cloud applications like Oracle Fusion HCM has been shown to increase customer UX and provide BI insight to organizations like yours. Here’s how.
