Compensation in PeopleSoft

Every organization compensates its employees in exchange for their time and labor. It is critical that organizations can not only track compensation, but ensure that employees are properly compensated based on their performance. PeopleSoft Compensation 9.2 makes it easy to track and interpret compensation data through Pivot Grids. The pivot grids can help administrators and management interpret an employee’s current compensation and compensation history.

HCM 9.2 delivers a number of out-of-the-box pivot grids linked to compensation through the PeopleSoft eCompensation Manager Desktop. The delivered Compensation pivot grids include the following:

·      Compensation Peer Analysis
Managers can compare compensation level for their direct reports by department, job level and position.

·      Compensation Distribution
View the range of employee salary distribution—minimum, maximum and midpoint range.

·      Compensation by Performance
Average salary increase by increase in performance rating.

·      Variable Compensation by Performance
Total cash-type variable compensation by increase in performance rating.

·      Cycle Guideline Alert
Number of approved compensation changes that are inside/outside of the recommended salary increases.

·      Cycle Tracking
See the status of open proposals in open compensation cycles. 

It is easy to create new pivot grids leveraging the data within PeopleSoft. You can ask for your how-to guide on pivot grids by clicking here.

Pivot Grid's basis is PS Queries, which displays the gathered data into easy-to-use grids and charts. There are delivered pivot grids in Compensation, which can be configured based on specific needs.

You can also watch other pivot grids delivered in HCM 9.2 in the video below:
https://www.youtube.com/watch?v=UlloVD3NixE&index=11&list=PLF7C41402A8BA9D1A

In addition to Compensation pivot grids, the Compensation History page is improved in 9.2. The Compensation History page in 9.2 is modernized for an enhanced user experience. Users can review compensation history and can review details of any compensation changes, filtering by all job positions held and reviewing the data in a chart by selecting the chart icon.

One defining enhancement in 9.2 is eCompensation on cycle job changes. Up until PeopleSoft 9.1, PeopleSoft did not support any job changes in an open cycle. Now, transactions can be completed at any time without blackout periods. Now, 9.2 sends managers notifications when an employee has a job change during an open cycle.

Another enhancement to the eCompensation pages in HCM 9.2 is an enhanced ad hoc salary change process. Approvers can change the salary for a single employee or a group of employees. The salary change process is simplified and intuitive, completing the transaction in a matter of clicks.

HCM 9.2 makes compensation easy and streamlined. Save your organization time and money as you are able to track and interpret compensation and employee performance.

Oracle in the Cloud

Oracle CEO Mark Hurd opened Oracle OpenWorld’s first full day of sessions on Monday with a keynote on transformations in the cloud. Hurd presented a vision for 2025, outlining how businesses will be transformed by the cloud within the next 10 years and how organizations can prepare with a cloud strategy. Hurd predicts a boom in organizations moving their business processes to the cloud, with Oracle leading the way in cloud innovation.

Mark Hurd opened with the state of the industry, providing an overview of how most corporate CEOs are thinking today. He shared that growing the business, increasing performance and offering short-term gratification on a quarterly basis is critical for today’s CEO. Then, Mark Hurd highlighted that the economy, between 2008 and 2015, has only been at one percent revenue growth and that there is only one solution: Cut costs.

Hurd stated that the current on premise systems are 20 years old on average. Installed before the dawn of Internet, search, mobile, social media and cloud, these systems need upgrading, and the driver for any IT expense is security and compliance.

Hurd envisions a decade-long transition to the cloud motivated by the X Generation, changing the way business works.

“The demographic shift is causing a technology shift,” Hurd said.

The future for Oracle is building best-in-breed applications that run on all three layers of the cloud and on premise. Mark Hurd stated that Oracle was already ahead of the curve with its latest offering. He also stated that Oracle was ready for the next decade to come.

Hurd also made predictions on environment security, presenting cloud as the most secure environment an organization will be able to have. He predicted that all data will be stored on cloud environments versus on premise by 2025.

By 2025, 80 percent of production apps will be in the cloud.
Hurd cited that public cloud SaaS makes up 24 percent of the applications market today and that 85 percent of all new applications are built on architecture today for SaaS.

“Eighty percent of all production apps will be in the cloud. Today it’s about 25 percent,” Hurd said.

According to Hurd, one hundred percent of software development/testing will be done on the cloud. “The days of having servers and operating systems and databases and doing all this on premise are gone,” Hurd said.

·       By 2025, two suite providers will have 80 percent of the SaaS apps market.
Hurd commented, “There will be two suite providers in the cloud.” Mark Hurd said that “One hundred percent of Oracle’s portfolio has been rewritten and rebuilt for the cloud.”

·       100 percent of Dev/Test will be in the cloud by 2025.
According to Hurd, the days of testing on servers and databases are over.

·        All enterprise data will be stored in clouds.
Tens of billions of devices will generate massive amounts of new enterprise data using modern cloud-based applications.

·       Enterprise clouds will be the most secure IT environments.
Hurd stated that with Oracle’s out-of-box solutions and Engineered Systems, the data security switch is always on because it resides in the silicon and the key to the data sits with the customer. Additionally, as security levels increase and compliance needs changing, the system will tell you and offer you solutions.

AIG CTO Mike Brady reflected the same movement, underlying the need to link both worlds, as he can't move to the Cloud without connecting the Data stream coming from the Enterprise.

To get additional insight on Mark's Keynote, I invite you to also read the following article: "Oracle CEO Mark Hurd Lays Out the Future of the Cloud".