What is GRE/legal entity or GRE organisation and its
purpose and difference between it and other organisation
types?
- 1 Answers
- 19316 Views
- I also Faced
- E-Mail Answers
Answer Posted / suddu225
A legal entity represents the designated legal employer for
all employment-related activities. The legal authorities in
a country recognize this organization as a separate
employer. In an organization hierarchy, a legal entity may
report to an operating company or to the ultimate legal
entity.A legal employer is a legal entity that is
responsible for employing people in a particular country.
Therefore, if you employ people in a country, then you must
have at least one organization classified as a legal entity
and a legal employer. The Configuration Workbench classifies
an organization as a GRE/Legal Entity where your enterprise
operates in a country, and classifies it as an Employer if
you employ people in that country also. For example, you can
have a legal entity in a country where you do business, but
do not employ people in that country.
The ultimate legal entity represents the
enterprise, and typically, the enterprise is the
highest (global) level of a business organization. The
ultimate legal entity is the parent
company or organization for all its subsidiaries and
divisions. Oracle HRMS represents
the ultimate legal entity with the GRE/Legal Entity
organization classification.
IN SHORT :
GRE/Legal Entity: Use this classification to represent the
following organizations:
• Ultimate Legal Entity: this represents the enterprise, and
typically, the
enterprise is the highest (global) level of a business
organization.
• Legal Entity: this represents the designated legal
employer for all
employment-related activities. The legal authorities in a
country recognize this
organization as a separate employer. In an organization
hierarchy, a legal entity
may report to an operating company or to the ultimate legal
entity.
• Consolidated Legal Entity: this organization acts on
behalf of multiple operating companies that are not legally
registered, or simply on behalf of the
enterprise in a country.
| Is This Answer Correct ? | 17 Yes | 3 No |
Post New Answer View All Answers
How is new reports created in Oracle HRMS?
How many types of payrolls are there?
What is Retro Pay in Oracle Payroll? How many types of Retro Pays are available?
hi i have domin experience of 20 yrs working in Army for HR and payroll now i have done my Oracle HRMS training from Hyd. what is the future for me in MNCs. thanks my id is romeoalewis@gmail.com
Can we name certain dffs (description flexfiled) and their location?
List of some Important Tables in HRMS
PRESENTLY I WORK IN QATAR IN SALAM INTERNATIONA INVESTMENT LTD. AS A ORACLE HRMS/PAYROLL DAY TO DAY ENTRY SUPPORT BASIS FROM 3YEARS, QUALIFICATION IS BA AND PGDCA(PVT) WHAT SHOULD I DO FOR OUR NEXT FUTURE, PLZ HELP ME.......
What are 2 modes of date track in Oracle APPS?
Explain the reports available with oracle hrms.
Can a job have multiple positions?
What is a security profile?
Define APIs and use in Oracle HRMS?
What is bus group id? Where do we find it? Explain its importance.
How can we set up Global Payroll?
how to debug a document manager in oracle apps?
