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Can we Manage Salary increment in Oracle compensation module ?
Summary
Can we Manage Salary increment in Oracle compensation module ?Content
Hi All,
I am Going to implement Oracle Fusion compensation module. My client requirement is to handle their employee annual Salary Increments, Annual performance bonus through Oracle fusion compensation module. Oracle payroll or Oracle time and labor module will not be implemented.
- Annual Increment
following table shows the requested worksheet
| Employee Name | Last Employee Basic Salary | Overall Performance Ratings | Overall Calculated Performance Rating | Salary Increment Percentage | Salary Increment Amount | Increment Basic Salary |
| Jacob | 34,000.00 | Met Expectation | 3.20 | 10% | 3,400.00 | 37,400.00 |
| Charlie | 45,000.00 | Met Expectation | 3.00 | 10% | 4,500.00 | 49,500.00 |
| Thomas | 65,000.00 | Above Expectation | 4.10 | 15% | 9,750.00 | 74,750.00 |
| Oscar | 56,000.00 | Above Expectation | 3.70 | 15% | 8,400.00 | 64,400.00 |
| William | 40,000.00 | Exceed Expectation | 4.50 | 20% | 8,000.00 | 48,000.00 |
| Alexander | 34,000.00 | Below Expectation |
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