Oracle HCM: Core HR Part 1 Exam 100% Solved
Human Capital Management (HCM)
set of practices related to people resource management
HCM Benefits
- Manage employee life cycle
- Employee Self Service
- Analytics and Reporting
- Organization
Foundations of HCM
- Legal Entity
- Legislat...
Oracle HCM: Core HR Part 1 Exam 100%
Solved
Human Capital Management (HCM)
set of practices related to people resource management
HCM Benefits
- Manage employee life cycle
- Employee Self Service
- Analytics and Reporting
- Organization
Foundations of HCM
- Legal Entity
- Legislative Data Groups
- Assignments
- Reference Datasets
Legal Entities
recognized party with rights and responsibilities given by legislation
Legislative Data Groups (LDG)
a means of partitioning payroll and related data
Additional information about LDGs
- at least one is required for each country where the enterprise operates
- each is associated with one or more payroll statutory units
- create for each currency in which you pay workers
Assignments
provides information about a persons role such as a job, position, pay, compensation, managers,
working hours and location
Reference Datasets
ability to organize/separate organizational data via SETIDs
Data Efficiency
preserves a history of changes made to the attributes of some objects
Business Unit (BU)
a unit of an enterprise that performs one or many business functions that can be rolled up in a
management hierarchy
Departments
an organization with one or more operational objectives or responsibilities that exists independently
of its manager
, Location
identifies physical addresses of a workforce structure, such as department or job
Cost Center
represents the smallest segment of an organization for which costs are collected and reported
Jobs
holds a specific job group where a worker would belong
Positions
holds a specific position group used by workers for their assignment and is segregated through
business units
Salary Basis
establishes the duration for which a salary is quoted for example: hourly, monthly, or annually
Grades
records the level of compensation for workers (you can set up grade with or without grade steps)
Grade Rates
distinct increments of progression within a grade
Grade Ladders
ability to combine grades into grade ladders to group your grades or grades with steps in the
sequence in which your workers typically progress, descries a worker eligible grades or grades with
steps
Divisions
- a business oriented subdivisions within an enterprise, in which each division organizes itself
differently to deliver products and services or address different markets
- can operate in more than one country and be comprised of many companies or parts of different
companies that are represented by BUs
Actions
track changes to item records, identifies the cause of the creation or change
Example: Termination
Action Resons
optimal ways to provide/associate a reason with an action
Example: Layoff
Promote
permanent movement of a person within the same legal employer
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