Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Workforce Rewards Cloud
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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Analytics and Reporting | - Compensation Analytics - Workforce Compensation Reports - Audit and Monitoring |
| Workforce Compensation Plans | - Plan Configuration
|
| Workforce Compensation Processing | - Compensation Cycle Management
|
| Compensation Foundation | - Compensation Components Setup
|
| Total Compensation Statements | - Statement Configuration
|
| Individual Compensation | - Awards and Compensation Management
|
| Base Pay | - Salary Administration
|
| Elements, Balances, and Formulas | - Manage Balances - Define Elements - Write Fast Formulas |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process.
What is the reason for this?(Choose the best answer.)
- A. The Validate Plan Setup process does not validate eligibility profiles.
- B. The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.
- C. The Validate PlanSetup process failed to report errors from the eligibility profiles.
- D. The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.
Correct Answer: D 🗳️
Which statement is correct about secondary element classifications? (Choose the best answer.)
- A. They are predefined andcan be edited.
- B. They are predefined and cannot be edited.
- C. They are user-defined and cannot be edited.
- D. They are user-defined and can be edited.
Correct Answer: A 🗳️
During the Compensation Review cycle for the year 2014-15, the manager processes his direct reports compensation changes per the model created by him. After making the changes in the worksheet, the manager submits the proposed changes to the next level manager in the hierarchy for approval. What will the Manager status appear as in the workforce compensation area? (Choose the best answer.)
- A. In Approvals
- B. Fully Approved
- C. Work in Progress
- D. Processed
- E. Submitted
Correct Answer: E 🗳️
You are required to explain to your client the use of Hierarchy design in Compensation Process. Which two Compensation-related activities use Hierarchy? (Choose two.)
- A. Plan access
- B. Sending Compensation alerts
- C. Feedback survey
- D. Allocating budgets
- E. Approval routing
Correct Answer: D,E 🗳️
Which four statements are true if you enable Performance Ratings and integrate with Oracle Fusion Performance Management? (Choose four.)
- A. You need to refresh the HR data for ratings updated in Performance Management so they are updated in the worksheet.
- B. You can also display the Performance Rating History column in the worksheet to see historical ratings given in the Performance Management system.
- C. You can display overall and calculated performance ratings given in the Performance Management system andprovide access to the full performance document from within the worksheet.
- D. You select the performance template or document name and the period to make available, and whether to display only completed ratings or ratings in any status.
- E. You have the option to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
Correct Answer: A,C,D,E 🗳️
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