Financials 12: Payroll Fundamentals: Earnings and Deductions (UK)

Scheduled Dates (sort by: location | date)

Course Overview

This course provides you a thorough knowledge on setting up payroll earnings and deductions in your organization. You learn about the role of definitions that Oracle Payroll uses to process earnings and deductions. You also learn about the templates and other implementation features available for earnings and deductions in your localization. The course also deals in detail with payroll balances and how you can write formulas to define payroll balances. You learn about how RetroPay works and set up of enhanced RetroPay. The course also deals with third party payments and how you can set up a deduction and third party payment. You also learn how to initiate, set up, and manage deductions for retirement plans.

Audience

• End Users
• Functional Implementer

Prerequisites

• Basic computing skills & understanding of Oracle Application
• Knowledge of common compensation and benefits administration

Skills Gained

• Provide knowledge of setting up payroll earnings and deductions in an organization
• Set up union deductions and professional body membership deductions
• Use predefined earnings types
• Run the Union Deductions report
• Understand the role of payroll balances, and define new balances and balance feeds
• Manage Arrears
• Write or configure simple payroll processing formulas
• Set up third party payment methods
• Define and administer wage attachments
• Set up pension providers, types, and schemes
• Set up enhanced RetroPay
• Learn to use element design wizard

Financials 12: Payroll Fundamentals: Earnings and Deductions (UK) / D49528GC10