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| Section | Objectives |
|---|---|
| Topic 1: Compensation Cloud Overview and Configuration | - Application architecture and key components - Security roles and access setup |
| Topic 2: Workforce Compensation Plan Design | - Compensation plans setup and eligibility rules - Budgeting and allocation models |
| Topic 3: Reporting, Analytics, and Modeling | - Compensation reporting tools - What-if modeling and simulation |
| Topic 4: Compensation Cycle Management | - Worksheet configuration and approvals - Merit, bonus, and stock allocation processes |
| Topic 5: Integration and Data Management | - Data loading and import processes - Integration with Oracle HCM Cloud |
1. Which five tasks can be performed by a compensation manager? (Choose five.)
A) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
B) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
C) Determine compensation amounts offline by downloading details to a spreadsheet.
D) Review and approve work of Superior Manager.
E) Promote and rate worker performance while allocating compensation.
F) Allocate compensation.
2. A corporation is implementing Oracle Fusion Workforce Compensation and must set up compensation history. Identify the three correct options regarding the salary component. (Choose three.)
A) The base rate shown in the salary section is the most recent pay rate.
B) The base rate shown in the previous years is the pay rate on 31 December of each year.
C) The base rate shown in the salary section is the average of the pay rate for the entire year.
D) The growth rate shown in the details shows both cumulative and average annual salary growth rates.
3. A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.
Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)
A) Only the first five active components will be loaded at a time by Integrated Workbook.
B) Integrated Workbook can be used to update all the seven components.
C) Only the first six active components will be loaded at a time by Integrated Workbook.
D) Only the first four active components will be loaded at a time by Integrated Workbook.
4. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)
A) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
B) Compensation items with sources belonging to different legal employers cannot be added.
C) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
D) The statement definition acts as a template and determines the layout and content of the generated statement.
E) Edits to compensation categories affect all statement definitions that use that category.
F) The statement definition consists of compensation items added to compensation categories.
5. Identify the three choices available when configuring approvals. (Choose three.)
A) Submit mode
B) Approval mode
C) Auto Approval
D) Alternate approver hierarchy
Solutions:
| Question # 1 Answer: A,B,C,E,F | Question # 2 Answer: A,B,D | Question # 3 Answer: A | Question # 4 Answer: A,D,F | Question # 5 Answer: A,B,D |
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