Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register
Get Started with Redwood for Oracle Cloud HCM   Begin Now
To ensure that questions get required attention from community members and are NOT left unanswered, it’s important for the author to indicate (by selecting “Yes” or “No” when prompted) whether the question was answered. (newly added) Please note that it is also important to respond to EACH comment your question receives. Your Yes or No response ensures an accurate status for your question.

For more information, please refer to this announcement explaining best practices for getting answers to questions.

Best Practices for compensation data for India (CTC vs Component setup)

edited Aug 16, 2021 4:34PM in Compensation 7 comments

Content

Hi everyone,

I’m looking for some feedback on best practices related to storing compensation data for India in Oracle.  We are trying to help them streamline some payroll processes and appreciate any thoughts or feedback.

We currently store ‘annual salary’ in oracle representing the CTC cost combining multiple components.  In India we use ADP for payroll and not through Oracle.  Do most companies implement components in Oracle and store that data or leave it as CTC cost only?

 

Thanks for your help!

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!