1z0-1162-1 Exam Dumps - Oracle Fusion Cloud Applications HCM Foundations Associate - Rel 1

Comprehensive and Detailed Explanation:TheBenefits to Coverage Objective Measurement and Benchmarking Practice (OMBPs)in Oracle Fusion Cloud HCM help organizations assess the efficiency and effectiveness of their benefits administration processes. The two most crucial metrics are:

Time to Process Claims:Measures the average time taken for processing benefits claims. A shorter processing time indicates an efficient benefits system that ensures employee satisfaction.

Deduction Accuracy Rate:Evaluates payroll deductions' precision for employee benefits. Inaccuracies can lead to compliance issues, employee dissatisfaction, and payroll errors.

References:Oracle Fusion Cloud HCM - Benefits Administration and Payroll Integration Guide.

Comprehensive and Detailed Explanation:Nudgesin Oracle Fusion Cloud HCM serve as proactive prompts that encourage employees to stay on track with their responsibilities.

Behavioral Science-Based Design:Encourages small, positive actions that enhance productivity.

Timely Interventions:Helps employees meet deadlines and focus on important tasks.

Employee Engagement:Promotes proactive self-management and continuous improvement.

References:Oracle Fusion Cloud HCM - AI and Behavioral Science in Employee Productivity Guide.

Comprehensive and Detailed Explanation:TheDynamic SkillsandAI Talent Best Matchapplications leverage artificial intelligence tostreamline hiring decisions.

AI-Driven Skill Matching:Identifies the best candidates based on required job competencies.

Improved Talent Acquisition:Reduces the time spent on manual candidate evaluation.

Data-Based Hiring Decisions:Enhances workforce planning by matching skills with organizational needs.

References:Oracle Fusion Cloud HCM - AI-Based Talent Acquisition Guide.

Comprehensive and Detailed Explanation:Payroll integration within theAbsence Tracking to Compliant Absence Management OMBPhelps ensure regulatory compliance by automating the synchronization of absence records and payroll data.

Accurate Leave Calculations:The system automatically updates leave balances based on real-time attendance data, reducing errors that could result in incorrect salary deductions or overpayments.

Regulatory Compliance:Integration ensures that absence records align with labor laws and organizational policies, reducing risks related to non-compliance.

Efficiency and Transparency:Automating leave calculations in payroll reduces administrative overhead and enhances transparency in employee compensation.

References:Oracle Fusion Cloud HCM - Absence Management and Payroll Integration Guide.