Oracle Fusion HCM is the Human Capital Management which is a complete set of HR related products. It provides whole information on the functionality that benefits the business. The business process involved in handling a complete product from the start to end is explained and known using this Oracle Fusion HCM. Very helpful to understand the business value and developing the knowledge on business. Good number of positions is available for the candidates. Good knowledge on Oracle Fusion HCM will boost your confidence. Follow our Wisdomjobs page for Oracle Fusion HCM interview questions and answers page to get through your job interview successfully in first attempt. Interview questions are exclusively designed for job seekers to assist them in clearing interviews.
Legislative data groups are a means of partitioning payroll and related data. At least one legislative data group is required for each country where the enterprise operates. Each legislative data group is associated with one or more payroll statutory units. Each legislative data group marks a legislation in which payroll is processed, and is associated with a legislative code, currency and its own cost key flexfield structure.
Oracle Fusion trees are graphical representations of hierarchical data such as the structure of your organization. Oracle Fusion Human Capital Management (HCM) provides predefined tree structures for department, organization, position, and geography trees. You cannot change the predefined HCM tree structures. With the exception of geography trees, you can create multiple trees for each HCM tree type, and multiple versions of each tree. For all HCM tree types, however, only one version of each tree can be active at one time.
For some objects, such as assignments, more than one update per day is maintained by creating a physical record for each update. Such objects include an effective sequence number in each physical record to show the order in which updates made to an object on a single day were applied.
Oracle Fusion Functional Setup Manager (FSM) is an application that provides an end-to-end guided process for managing your functional implementation projects throughout the entire implementation life cycle.
The ESC is an interview-based tool that guides you through the configuration of your enterprise structures. Use the ESC as part of your set up to define the organization structures and job and position structures of the enterprise.
To access ESC, In the Setup and Maintenance work area, select the Establish Enterprise Structures task under the Define Initial Configuration task list.
Benefits of ESC:
In oracle Fusion Reference data sharing facilitates sharing of configuration data such as jobs, grades across business units. It can be understood as buckets of reference data assigned to multiple business units. It helps to reduce duplication and maintenance by sharing common data across business entities where appropriate. In Oracle Fusion Applications reference data sharing feature is also known as SetID. A set, which is available out of the box, is called Common Set.
In HCM Set enabled objects are: Departments, Locations, and Jobs & Grades.
Watch list feature provides a set of shortcuts to items that you want to track or that require your attention. Watch list is used to see a count for each item and to navigate to the relevant work area where you can view or perform tasks on the item. For example, a Watch list item is for expense reports awaiting submission. You can see how many expense reports you have created but not yet submitted, and click the Watch list item link to navigate to the work area where these reports appear.
Whereas Work list feature presents workflow tasks that require your approval or other action, as well as notifications for you to view. Work list is used to manage tasks, access their details, or take appropriate action. For example, some managers might see approval tasks for invoices, and select a particular task to approve, reject, or otherwise act on the corresponding invoice.
Here are few basic and frequently used tasks:
P.S. Task names are not case-sensitive.
When we create Rating Model for performance management we do define Rating Distribution to tell what the minimum is and maximum percentage of worker should fall in each rating level. This is more commonly known as Normalization. Now the Distribution Threshold is a failed to control “Number of eligible workers a manager must have to see distribution target“.
An Oracle Fusion Performance Template can hold maximum of six sections, which are given below:
An absence pattern contains a predefined set of rules that you can use as a starting point to create an absence type. The pattern that you select determines whether special fields appear on the absence type pages, as well as the options available to display and process various aspects of absence recording. For example, the Illness or injury pattern displays a field that enables you to select whether the absence type applies for childbirth or adoption placement.
Following are the three patterns available in Fusion Absence Management:
There are three different plan types available in Fusion Absence Management, which is given below:
Use this type to create absence plans that enable workers to accrue time for the purpose of taking paid leave, for example, a vacation plan. Our requirement qualifies for this plan type.
Use this type to create an absence plan where workers qualify for the plan as a result of events, such as long term illness or maternity, and receive payments during the absence period.
Create absence plans of this type to track paid or unpaid absences without maintaining an accrual balance or providing leave entitlements, such as periodic accruals. You can also use plans of this type in combination with a qualification plan. For example, use a no-entitlement plan to pay workers if they are not eligible for a standard maternity absence qualification plan.
Oracle Fusion useful Setup supervisor (FSM) is an application that gives a give up-to-stop guided system for handling your useful implementation initiatives all through the whole implementation lifestyles cycle.
In oracle Fusion Reference records sharing helps sharing of configuration records together with jobs, grades across business devices. It is able to be understood as buckets of reference records assigned to multiple enterprise gadgets. It helps to reduce duplication and preservation by means of sharing not unusual data across business entities in which suitable. In Oracle Fusion programs reference facts sharing feature is likewise called SetID. A set, that’s to be had out of the field is known as not unusual Set. In HCM Set enabled items are: Departments, locations, Jobs & Grades.
Dealing with the hierarchical data is always a big issue. It is not always possible for the users to keep up the pace with it simply. These trees are nothing but the graphical representation of the same. Even the entire structure of an organization can be represented with the help of it. This makes it easy for the users to effectively manage and understand the tasks that are vital. It also enables users to make some important decisions.
Configuration of the enterprise structure is a task which this tool can easily manage and handle. Thus, it has application for the same. All the position structures can clearly be defined with the help of this approach.
Fusion HCM comes with many features. It can simply represent the structures of organizations, geography tree; inter departments within an organization, as well as positions associated with the same. It is not possible for the users to change the predefined tree structure. However, it is possible to create the new ones with the help of geography trees. Even a single copy can have multiple versions. This doesn’t actually mean that all the versions can be utilized at the same time. Users can consider only one at an instant.
These are Manager Final Feedback Sections, Goal Sections, Review Sections, and Final Feedback Sections by workers and Final Feedback Section by managers and Questionnaire Section.
Managing the legal addresses, grades, business units, legal entity, divisions, departments, locations, lookups, worker goal setups, review periods, documents types (performance related) as well as managing the jobs are the tasks that are quite common during the implementation.
Oracle Fusion HCM Related Tutorials
|Payroll Management Tutorial|
Oracle Fusion HCM Related Interview Questions
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