Oracle HCM Update 24D: Compensation
Medium Impact
Feature Enablement
Redwood Features
Generative AI Features
24D Update Features Covered:
- Redwood Experience for Online Total Compensation Statement
- Currency Switcher Introduction in Redwood Compensation Pages
- Redwood Changes for Salary Notifications
- Fast Formula Based Defaulting on Redwood Individual Compensation Pages
- AI Assistance for Market Composites in Compensation Info
1. Redwood Experience for Online Total Compensation Statement
Quick Notes:
The Total Compensation Statement page has been redesigned using the Redwood toolset, offering a modern and user-friendly interface. This includes various tabs such as Welcome, Compensation Summary, Cash Compensation, Benefits, and Stock Detail. This enhancement improves user satisfaction and provides a comprehensive view of total compensation.
2. Currency Switcher Introduction in Redwood Compensation Pages
Quick Notes:
A new currency switcher feature allows line and compensation managers to view compensation details in their preferred currency on the Change Salary and View Compensation History pages. This feature enhances productivity and satisfaction by enabling managers to work in their local currency.
3. Redwood Changes for Salary Notifications
Quick Notes:
Approvers can now see redesigned BI Publisher notifications for actions like Change Salary and Salary History, enhancing clarity and user experience. This update ensures that important information is communicated effectively and efficiently.
4. Fast Formula Based Defaulting on Redwood Individual Compensation Pages
Quick Notes:
This feature allows for the defaulting of input values in individual compensation proposals using fast formulas on Redwood Individual Compensation actions and pages. It streamlines the compensation process, reducing manual entry and ensuring consistency and accuracy in compensation data.
5. AI Assistance for Market Composites in Compensation Info
This feature allows managers to generate explanations for market composites in Compensation Info by clicking the AI Assist button. It provides an easy way to understand an employee’s market composites with just one click, enhancing clarity and efficiency in compensation management.
