Oracle HRMS provides a browser-based wizard, Element Design Wizard, through which you can define the following commonly used earnings and deductions elements:

• Children Social Allowance (Earnings)

• Cost of Living Allowance (Earnings)

• Grade Allowance (Earnings)

• Hourly Salary (Earnings)

• Housing Allowance (Earnings)

• Overtime Allowance (Earnings)

• Shift Allowance (Earnings)

• Social Allowance (Earnings)

• Transport Allowance (Earnings)

• Unpaid Leave (Absence)

• Flat amount elements - for which you can define a flat amount as the element value

• Percentage of basic salary elements - for which you can define a percentage of the basic salary as the element value

The Element Design wizard provides an easy, step-to-step guide to define elements, thus making the element creation process quick and error free.

You can select any of the following as the classification for your element:

• Absence

• Earnings

After you select the element classification, the wizard displays the list of secondary classifications available for the selected element.

Oracle HRMS provides predefined templates to create the above-mentioned elements. Each template applies a different calculation rule for the element.

When you define an element through the Element Design wizard, it automatically creates the following attributes for the element:

• Input Values

• Balances

• Fast Formulas

• Formula results