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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Workforce Compensation Plans | - Plan Configuration
|
| Workforce Compensation Processing | - Compensation Cycle Management
|
| Compensation Foundation | - Compensation Components Setup
|
| Compensation Analytics and Reporting | - Compensation Analytics - Workforce Compensation Reports - Audit and Monitoring |
| Base Pay | - Salary Administration
|
| Elements, Balances, and Formulas | - Manage Balances - Define Elements - Write Fast Formulas |
| Total Compensation Statements | - Statement Configuration
|
| Individual Compensation | - Awards and Compensation Management
|
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.
Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)
- A. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager
3 will decrease to 8%. - B. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager
2 will decrease to 8%. - C. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
- D. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
Correct Answer: A 🗳️
A corporation is implementing Oracle Fusion Workforce Compensation and needs to give a spot bonus for a new hireas well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results. (Choose the best answer.)
- A. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire", this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
- B. Configure the spot bonus as an individual compensation plan andadd "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
- C. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
- D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
Correct Answer: C 🗳️
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 compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.
- B. The Validate PlanSetup process failed to report errors from the eligibility profiles.
- C. The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.
- D. The Validate Plan Setup process does not validate eligibility profiles.
Correct Answer: A 🗳️
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. Limited
- C. Restricted
- D. Provisional
- E. Eligible
Correct Answer: C 🗳️
Plan access restrictions control the situations in which an individual compensation plan is available for allocations or contributions by a line manager or worker, and regulate a user's ability to create, update, or discontinue allocations or contributions under the plan. What are three common decisions to make about plan access? (Choose three.)
- A. If the plan is going to require updates that are driven by business users in the time frame of the next payroll cycle
- B. if planaccess should be related to HR actions
- C. whether or not to restrict access to the plan at all
- D. if there should be a time period in which a user can create, update, or discontinue allocations or contributions
- E. If user access should be based on career levels or earnings thresholds
- F. if there should be a "white list" name criteria for access to the plan
Correct Answer: B,C,D 🗳️
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