25 Nov 2024

Using Oracle HCM Reports to Determine Payments per DPC Norms

Oracle HCM Reports are a critical tool for payroll teams aiming to ensure compliance with Disability Policy Consortium (DPC) norms. DataTerrain’s prebuilt HCM reports streamline this process by automating the calculation of disability payments.

Oracle HCM Reports simplify payroll compliance with DPC norms, offering detailed outputs and automated calculations.

Core Features of Prebuilt HCM Reports for DPC Compliance

This HCM Extract functionality allows payroll administrators to run reports using configurable parameters, such as:

Start Date and End Date: Define the reporting period.
Person: Select the employee or group of employees for analysis.
Payroll: Identify the applicable payroll process.
Payroll Statutory Unit and Tax Reporting Unit: Ensure compliance with regional tax regulations.
Consolidation group and Process configuration group: Customize payroll grouping for specific organizational needs.

Calculating Disability Payments Using HCM Reports

Consider an employee earning a monthly base salary of $4,000:

For weeks 2–13, the prebuilt HCM report calculates payments as $1,000 per week (100% of base salary).
For weeks 14–26, the payment reduces to $750 per week (75% of base salary).

These calculations ensure compliance with DPC norms, helping payroll teams maintain accuracy in disability payment schedules.

Detailed Outputs of Oracle HCM Reports

The report generates detailed output, including:

Department classifications for payroll segmentation.
Element descriptions for easier interpretation of salary components.
Monthly employee salary breakdowns for streamlined reporting.

The report is accessible as an HCM Extract and can be run directly from the Checklist in Oracle HCM. It supports multiple delivery formats, such as Excel, PDF, and CSV, offering flexibility for analysis.

Streamlining Payroll Audits with Scheduled HCM Reports

Payroll teams can schedule weekly or bi-weekly payroll reports, ensuring regular audits of salary calculations. This feature is precious for organizations aiming to maintain compliance with payroll statutory unit requirements.

Why DataTerrain Is the Ideal Partner for HCM Reporting

With over a decade of experience, DataTerrain provides expertise in HR analytics and payroll solutions. We have served 270+ customers in the U.S., assisting organizations in configuring and running HCM reports.

For more information or assistance, refer to Oracle HCM Documentation or contact DataTerrain directly.