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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Total Compensation Statements | 15% | - Generate and manage compensation statements - Define statement definitions and items |
| Topic 2: Individual Compensation | 20% | - Set up approvals, history and eligibility - Define and configure individual compensation plans |
| Topic 3: Base Pay Configuration | 25% | - Set up salary basis and components - Configure compensation zones and base pay structures - Manage grade rates, salary ranges and progression ladders |
| Topic 4: Elements, Balances, and Formulas | 15% | - Explain element classifications and eligibility - Configure balances and formulas for compensation |
| Topic 5: Workforce Compensation | 25% | - Performance ratings, approvals and administration - Plan design, setup and configuration - Validation, batch processes and change statements - Budgets, models, worksheets and cycles |
Question 1
Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people? (Choose the best answer.)
A. Employment-based-eligibility-criteria using length of service
B. Derived -factor-based eligibility criteria using length of service
C. User-defined-criteria-based eligibility profile using hire date
D. Employment-based eligibility criteria suing hire date
Question 2
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. Sub-classifications provide a way to feed elements.
B. A sub-classification name cannot be reused under a different primary classification.
C. Elements can have only one sub-classification.
D. Once a sub-classification is associated with a classification, it cannot be associated with another classification.
Question 3
While configuring Workforce Compensation Plan, you specify Performance Rating date in Plan Cycle as the same in multiple plans.
What will happen when the manager updates a compensation performance rating in the worksheet of one plan? (Choose the best answer.)
A. The rating will be available to all plans that are currently active.
B. The rating will be available to only the plans where the same manager is involved.
C. The rating will be available to all plans with the same Performance Rating date in Plan Cycle.
D. The rating will be available to only the plan where it is updated.
Question 4
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation? (Choose the best answer.)
A. Leave of Absence
B. Any custom alert
C. Employee termination
D. Allocation exceeding target
Question 5
Your customer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)
A. an optional welcome message
B. the date when merit increases are awarded to workers
C. the conversion rate date for currency conversions
D. the date when bonus is awarded to workers
E. the date that statements become available to workers
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: A,D,E |
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