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Streamline employee absence balance transfers during global transitions with Oracle HCM Cloud
Transferring an employee’s absence balance during a Global Transfer ensures continuity, fairness, and compliance with legal requirements. It keeps employees motivated, accurately reflects financial liabilities, and facilitates a smooth transition and quick adaptation to new roles while preserving productivity.
With Oracle HCM Cloud, you can now configure absence plans to allow balance transfers to a target plan, provided both the source and target plans belong to the same category. A new configuration option is now available within the Balance Disposition Rules section accessible from the Participation tab of the absence plan setup page. This includes a subsection called “On Transfer to New Legal Employer”.
Navigate to Absence Plans:
Fig.1: Absence Administration Page
Fig.2: Absence Plan Page
Fig.3: Search Absence Plan
Fig.4: Absence Plan Participation Tab
Fig.5: On Transfer to New Legal Employer Section
Fig.6: Transfer Balance Lookup
1. Unlimited
2. Limited by a flat amount
3. Limited by formula
Fig.7: Transfer Rule Lookup
Ultimately, with its new features, Oracle HCM Cloud makes managing employee absence balances easier than ever, solving a long-standing issue. By following the simple steps mentioned, Oracle HCM Cloud consultants can effectively reduce manual errors and inefficiencies, boosting productivity. With Oracle HCM Cloud, organizations can smoothly navigate their digital transformation, focusing on efficiency, accuracy, and productivity.
Author: Sakshi Yadav, Oracle Cloud Consultant
Connect with us for Oracle HCM's End-to-End Implementation, Enhancement, Updates, and Support.
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