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| Section | Objectives |
|---|---|
| Compensation Cloud Overview and Configuration | - Security roles and access setup - Application architecture and key components |
| Reporting, Analytics, and Modeling | - What-if modeling and simulation - Compensation reporting tools |
| Integration and Data Management | - Integration with Oracle HCM Cloud - Data loading and import processes |
| Compensation Cycle Management | - Merit, bonus, and stock allocation processes - Worksheet configuration and approvals |
| Workforce Compensation Plan Design | - Compensation plans setup and eligibility rules - Budgeting and allocation models |
1. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process. (Choose the best answer.)
A) Compensation Administrator
B) HR Specialist
C) Line Manager
D) Compensation Manager
2. The compensation administrator wants to run the batch process to administer the compensation cycle. Which are the four valid batch processes in terms of the compensation module? (Choose four.)
A) Back Out Workforce Compensation Data
B) Start Workforce Compensation Cycle
C) Evaluate Workforce Compensation Participation
D) Transfer Workforce Compensation Data to HR
E) Refresh Workforce Compensation Data
F) Adjust Workforce Compensation Enrollment Window
3. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement. As an implementation consultant, which is the dependent configuration that you would advise the compensation manager to perform? (Choose the best answer.)
A) Enable components and create at least one component (Configure Compensation Components).
B) Configure related components (Configure Worksheet Page Layout: Detail Table tab.)
C) Enable the Communications tab type (Configure Worksheet Page Layout).
D) Enable components and create a component linked to the budget pool (Configure Compensation Components).
4. Your customer provides compensation such as salary, bonus earnings (paid twice a year), commissions, stock options, and company-paid taxes to its workers. The customer wants you to implement Compensation Statements with graphs. Which three values of the graph column will you exclude? (Choose three.)
A) Monetary Values
B) more than one nonmonetary unit of measure
C) Non Monetary Values
D) Dates
E) Text
5. 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
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A,B,D,E | Question # 3 Answer: D | Question # 4 Answer: C,D,E | Question # 5 Answer: B |
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