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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)

A) Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.
B) The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.
C) For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.
D) The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum ofall the components of the salary basis multiplied by 12.

2. The compensation administrator hasconfigured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratingsby using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes thatthe increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How shouldyou accomplish this? (Choose the best answer.)

A) Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
B) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
C) Correct the percentage increase for each of the ratings, run the RefreshWorkforce Compensation Data process, and return the same compensation plan.
D) Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
E) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.

3. A corporation has set up an individual compensation plan for a contribution. This contribution needs an approval hierarchy to be set up.
Identify the four correct optionsregarding approval setup. (Choose four.)

A) Task attachments cannot be sent using email notifications.
B) Reminders can be set for a fixed duration either before expiration or after assignment.
C) Expiry, Escalation, and renew settings are possible for notifications.
D) Approvals can be set up to be completed when one of the approvers takes an action such as Approve or Reject.
E) The notifications sent to the approvers can be made actionable.

4. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

A) Monetary, Timestamp, Boolean
B) Monetary, Nonmonetary, Timestamp, Text
C) Monetary, Nonmonetary, Date,Boolean
D) Monetary, Nonmonetary, Date, Text

5. You are configuring approvals under the Worksheets task list for an annual workforce compensation plan.
Your customer wants the worksheets to be approved by different people other than the hierarchy determined for the plan.
How should you accomplish this? (Choose the best answer.)

A) Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
B) Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
C) Create an alternate manager approval hierarchy that overrides the plan hierarchy.
D) Create an alternate position approval hierarchy that overrides the plan hierarchy.

Solutions: