Specialist - Oracle HCM Compensation & Benefits Module (6-10 yrs)

Job Description:

As an Oracle HCM Compensation & Benefits Module Specialist, you will be responsible for managing and administering the Compensation & Benefits module within the Oracle Human Capital Management (HCM) system.

Your role will involve configuring, implementing, and maintaining the module to support the organization's compensation and benefits programs effectively.

Key Responsibilities:

Configuration and Implementation:

- Configure the Oracle HCM Compensation & Benefits module based on the organization's compensation and benefits policies, guidelines, and structures.

- Collaborate with HR and compensation teams to gather requirements and translate them into system configurations.

- Customize the module to align with the organization's specific needs, such as salary structures, bonus plans, and benefit offerings.

- Test and validate the module's functionality to ensure accurate calculations, eligibility rules, and system integration.

Data Management:

- Ensure accurate and up-to-date data within the Compensation & Benefits module, including salary information, job classifications, and benefit plan details.

- Conduct data analysis and audits to identify and resolve data discrepancies or inconsistencies.

- Collaborate with HRIS and IT teams to integrate data from other systems, such as payroll and performance management, into the Compensation & Benefits module.

- Monitor data quality, troubleshoot issues, and implement data validation and cleansing processes.

System Maintenance and Support:

- Provide ongoing support and troubleshooting for the Oracle HCM Compensation & Benefits module.

- Collaborate with IT and vendor support teams to resolve system issues, implement patches, and perform upgrades.

- Stay up to date with system enhancements and new features, assess their impact, and recommend their adoption if beneficial.

- Conduct system testing and quality assurance to ensure the module's stability and performance.

Reporting and Analytics:

- Generate and analyze reports from the Compensation & Benefits module to provide insights on compensation trends, benefit utilization, and cost analysis.

- Create custom reports and dashboards to meet the needs of HR, finance, and senior management.

Specialist, Oracle HCM Comp & Benefits

- Assist in the development of metrics and key performance indicators (KPIs) to evaluate the effectiveness of compensation and benefits programs.

- Stay informed about regulatory requirements related to compensation and benefits reporting, and ensure compliance in reporting practices.

Training and Documentation:

- Provide training and support to HR staff, managers, and employees on how to effectively use the Compensation & Benefits module.

- Develop user guides, documentation, and training materials to facilitate system understanding and usage.

- Conduct training sessions or workshops to educate users on system updates, enhancements, and best practices.

Qualifications and Requirements:

- Master's degree in human resources, Information Systems, or a related field.

- Previous experience working with Oracle HCM Compensation & Benefits module or similar compensation and benefits management systems.

- Strong understanding of compensation and benefits practices, including salary structures, bonus plans, and benefit offerings.

- Proficiency in configuring and customizing the Oracle HCM Compensation & Benefits module.

- Solid data management and analytical skills, with the ability to interpret and analyze compensation and benefits data.

- Knowledge of relevant employment laws and regulations related to compensation and benefits administration.

- Excellent problem-solving and troubleshooting abilities.

- Strong communication and interpersonal skills to collaborate effectively with stakeholders at all levels.

- Detail-oriented and organized, with the ability to manage multiple tasks and prioritize effectively.

- Ability to stay updated with new system features and industry best practices.

- Professional certifications related to Oracle HCM or compensation and benefits management are a plus