Leading Structural Change in Wages and Compensation for Oracle and SAP

Day 1:

Introduction to Structural Changes in Wages and Compensation

• Understanding structural change: concepts and importance

• Overview of compensation management

• Key components of a compensation strategy

• Introduction to Oracle and SAP in compensation management

• Case studies on successful structural changes

Day 2:

Designing Compensation Structures

• Analyzing current wage and compensation structures

• Best practices for designing equitable compensation plans

• Using Oracle and SAP to create and modify compensation structures

• Tools and techniques for salary benchmarking

• Practical exercises: Designing a compensation structure

Day 3:

Implementing Compensation Strategies

• Steps to implement structural changes in compensation

• Change management principles and practices

• Configuring Oracle and SAP for new compensation plans

• Integrating compensation strategies with overall HR strategy

• Practical exercises: Implementing a compensation plan

Day 4:

Ensuring Compliance and Monitoring

• Legal and regulatory considerations in compensation

• Ensuring compliance using Oracle and SAP

• Monitoring and auditing compensation changes

• Reporting and analytics: Leveraging Oracle and SAP functionalities

• Practical exercises: Compliance and monitoring simulations

Day 5:

Advanced Techniques and Best Practices

• Advanced compensation management techniques

• Best practices for ongoing management and improvement

• Using Oracle and SAP for continuous improvement

• Developing a roadmap for future compensation changes

• Practical exercises: Creating a continuous improvement plan