Glossary

Compensation element for funds in addition to salary associated with employees, jobs, and positions. Hazard pay and overtime are additional earnings.

A system for storing compensation expenses using General Ledger segments, chart fields, or account code IDs (dimensions).

Oracle Hyperion Planning, Fusion Edition tool for approving compensation budgets that are submitted as planning units.

The link between an employee to a job, position, or FTE.

In some General Ledger systems, settings for individual benefits and employer paid taxes such as union code or the location of positions and employees.

Occurring every two months.

Occurring every two weeks.

PDF or HTML document that details the revenue and capital budgets approved for the proposed fiscal year, and that includes associated financial and operational information.

Dimension that handles effective-dating logic across compensation elements and General Ledger account allocations. For example, a project or program can fund a position, so expenses must be tracked for each.

Item that is part of loading General Ledger and HRMS source data to Public Sector Planning and Budgeting applications, and uploading data back from Oracle Hyperion Public Sector Planning and Budgeting, Fusion Edition applications.

Budget for position or employee expenses that includes salaries, benefits, additional earnings, and employer-paid taxes. These expenses in the compensation budget are linked and aggregated into the line item budget.

Portion of a General Ledger account number that identifies the financial activity in expense accounts. A natural accounts is typically only one of the segments or chart fields in a chart of account structure, and maps to the Account dimension.

Dating method that enables predating to add historical data, or postdating, before changes apply. Effective dating does not delete values; it adds new values with new effective dates.

Dimension for storing the compensation components and grade structures on which compensation expenses are calculated. Each element represents a compensation type, such as salary, benefits, and employer-paid taxes.

Worker with a direct employment relationship with an employer. Employees typically are paid compensation and benefits through the employer's payroll application.

A firm obligation for future payment, generated by purchase orders, for example. Included in the total commitments.

Dimension that represents a cost center, department, or business unit.

Federal Insurance Contributions Act. Federal payroll taxes that fund Social Security and Medicare.

Measures the workforce in relation to full-time employees. For example, an FTE of .5 means the position is for a half-time employee. If a position is to be filled with ten half-time employees, the FTE for that position is 5.

Federal Unemployment Tax Act. Federal payroll taxes that fund unemployment compensation.

An organization's central accounting record, which summarizes all financial transactions by offsetting debit and credit accounts.

Range of possible salaries. See pay scale.

Used to apply minimum, mid, and maximum values to rate-based salaries. See rate-based.

An salary increment corresponding to a point on a grade scale or pay scale. Use grade steps enable to define salary increases for a salary grade.

Represents the number of employees, regardless of their work full-time or part-time FTE. For example, the headcount for an employee who works part-time is 1. The headcount for ten part-time employees is 10.

A software application that combines human resource functions, typically including benefits administration, payroll, recruiting, and training.

A generic employee assignment or role that is independent of a cost center or department. For example, Director can be a job in the Finance department and the Manufacturing department.

An organization's complete budget, which includes all budgeted expenditures and employee expenses derived from the compensation budget.

Plan or implementation you can specify when defining salary grades, benefits, and other compensation elements. Options for dental or medical benefit could include Member and Spouse, or Member and Dependents. Options for salary grades could be grade steps and grade sequences that define possible salary ranges and pay increments.

Setting indicating that different plans or implementations exist for salary grades, benefits, and other compensation elements. Options are applicable for Benefits, Additional earnings and Taxes. For salary, steps or rates defined for different dates.

Range of possible salaries.

Specifies the fiscal year for the scenario or business rule.

Area in the upper portion of Planning that enables you to select a context for your budget data and budgeting tasks by selecting members such as year, version, and scenario.

A position—typically in the manufacturing or transportation industry—in which a group of people doing the same work and having the same reporting relationship are assigned to a single position.

A specific occurrence of a job in an entity (for example, POS1234, a Security Guard in the Treasury Office).

Next increment on a salary grade scale or pay scale.

Salary having a flexible range of minimum, mid, and maximum values that you apply using grade sequences. Use rate-based salary grades for jobs or positions in which factors such as seniority and skill level determine which salary to apply. For example, the position of security officer may have an annual salary range of $45000 (sequence 1) at the entry level, $48000 (sequence 2) after five years of experience, and $50000 (sequence 3) after ten years of experience.

Member of the Version dimension that enables you to modify individual budgets and then submit them for approval.

Salary information associated with positions, jobs, and employees. Salary grades can be rate, value, or step-based.

Dimension enables collecting data for different time periods (for example, the current year's Budget, Forecast1, Forecast2, and so on).

Establishes the relationship and period aggregation of time within the budgets.

Occurring twice a month.

Supports multiple employees holding a single position (also called “job share”) and the ability to assign employees to several part-time positions (for example, an employee works 20 hours in one department and 20 hours in another department).

A position that can be associated with only one employee.

Salary corresponding to a particular point on a pay scale or grade scale. Define step-based salary grades for positions or jobs whose salary can increase incrementally, such as those government departments, in which step 1 may be an annual salary of $76,000, and step 2 $80,000.

State Unemployment Tax Act. State payroll taxes that fund unemployment insurance.

Imposed limits on planning data that administrators define to ensure that values adhere to company policies. For example, the salary for a new position in the Operations department cannot be less than $40,000 or more than $100,000, or the total salary for the Maintenance department cannot exceed $1,000,000.

Salary having one, fixed value for a given period of time. For example, a job or position of municipal street repair crew member could have an annual, unchanging, salary value of $42,000 in FY10. You can adjust this salary value by 2% in FY11 to $42,420, by end dating the existing value for FY10.

Dimension for budget stages or outcomes given the scenario. For example, if Forecast is a scenario, Best Case and Worst Case can be versions.