Leading Structural Change in Wages and Compensation for Oracle and SAP
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In today’s rapidly evolving digital landscape, organizations must adapt their compensation strategies to remain competitive and retain top talent. This course focuses on leading structural changes in wages and compensation, specifically within the context of Oracle and SAP systems. Participants will gain insights into how to design, implement, and manage compensation frameworks using these powerful platforms, ensuring alignment with organizational goals and industry best practices.
Objectives
By the end of this course, participants will be able to:
- Understand the fundamentals of wage and compensation structures in Oracle and SAP.
- Lead strategic compensation changes that align with business objectives.
- Customize and optimize Oracle and SAP modules for efficient compensation management.
- Navigate compliance and legal considerations in wage structuring.
- Analyze compensation data to drive informed decision-making.
Who Should Attend?
This course is ideal for:
- HR leaders and compensation managers.
- Payroll and finance professionals using Oracle or SAP systems.
- IT professionals involved in HRIS (Human Resource Information Systems).
- Business consultants specializing in HR technology solutions.
- Organizational leaders aiming to align compensation with strategic goals.
Course Outline
Day 1: Foundations of Compensation Management in Oracle and SAP
- Overview of compensation structures and their strategic importance
- Introduction to Oracle HCM and SAP SuccessFactors Compensation modules
- Key differences and similarities between Oracle and SAP systems
- Setting up compensation frameworks within each platform
Day 2: Designing and Implementing Structural Wage Changes
- Best practices for designing competitive compensation structures
- Configuring wage and salary components in Oracle and SAP
- Managing pay grades, bands, and ranges
- Aligning compensation with performance management systems
Day 3: Compliance, Governance, and Risk Management
- Navigating legal and regulatory considerations in compensation
- Ensuring compliance with labor laws and industry standards
- Automating compliance checks within Oracle and SAP
- Managing audits and risk in wage structuring
Day 4: Advanced Analytics and Data-Driven Compensation Strategies
- Utilizing Oracle and SAP analytics tools for compensation insights
- Building dashboards for real-time wage and compensation analysis
- Forecasting and budgeting for compensation planning
- Case studies on data-driven decision-making in compensation
Day 5: Leading Change and Continuous Improvement
- Strategies for leading organizational change in compensation practices
- Communicating wage changes effectively to stakeholders
- Monitoring and refining compensation structures over time
- Future trends in compensation management and technology integration