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| Section | Objectives |
|---|---|
| Reporting, Analytics, and Modeling | - Compensation reporting tools - What-if modeling and simulation |
| Compensation Cycle Management | - Worksheet configuration and approvals - Merit, bonus, and stock allocation processes |
| Integration and Data Management | - Data loading and import processes - Integration with Oracle HCM Cloud |
| Workforce Compensation Plan Design | - Budgeting and allocation models - Compensation plans setup and eligibility rules |
| Compensation Cloud Overview and Configuration | - Security roles and access setup - Application architecture and key components |
1. Per your client's policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. A particular manager is currently in a notice period, but his direct reports are still eligible for the compensation cycle. You observe that the system allows that manager to administer compensation for his direct reports.
You research this and find out that manager is still allowed to carry out the compensation allocation because his Eligibility Status is _________. (Choose the best answer.)
A) Ineligible
B) Restricted
C) Provisional
D) Limited
E) Eligible
2. An administrator of a corporation needs to view a worker's salary basis, change it, view the salary history, and do a graphical analysis of changes made to the salary. However, the administrator is not able to do these things.
Identify the three correct roles that will give the administrator access to complete the process. (Choose three.)
A) Compensation Manager
B) HR Specialist
C) Expenses Manager
D) Line Manager
3. Which two tasks are performed by compensation managers while determining budgets? (Choose two.)
A) Publish budgets to line managers to distribute budgets down the reporting hierarchy or to allocate budget amounts at the employee level.
B) With administrative budgeting, enable managers to award compensation within their allocated budget amounts by automatically publishing budget amounts.
C) Manually calculate budget amounts or automatically determine budget amounts by using a model.
D) Determine budget amounts offline by downloading budget details to a spreadsheet.
4. Identify the four correct options about the summary tables in the compensation history. (Choose four.)
A) The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
B) The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
C) The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
D) The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
E) The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
5. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning.
What is true about the subclassifications for the created element? (Choose the best answer.)
A) Elements can have only one sub-classification.
B) Once a sub-classification is associated with a classification, it cannot be associated with another classification.
C) A sub-classification name cannot be reused under a different primary classification.
D) Sub-classifications provide a way to feed elements.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B,D | Question # 3 Answer: A,B | Question # 4 Answer: A,B,C,D | Question # 5 Answer: B |
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