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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which three dates are mandatory while creating plan cycles? (Choose three.)

A) HR Data Extraction Date
B) Evaluation Period Start Date
C) Performance Rating Date
D) Default Due Date
E) Plan Access Start Date
F) Worksheet Update Period Start Date

2. Your Workforce Compensation Plan has the following Plan Cycle setup:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* Worksheet UpdatePeriod End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Nov-2014
* Worksheet Update Period End Date: 31-Jan-2015
Due to reorganization in the month of December 2014, theMarketing department was split into two new departments: Branding and Communications, which resulted in transfers of many employees from one manager to another.
You, as the compensation administrator, are required to ensure that all the relevant organizational changes are included in the Compensation Worksheet. What would you have to do to accomplish this? (Choose the best answer.)

A) Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.
B) Run the Back Out Workforce Compensation Data process with the "Full back out" option.
C) Run the Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.
D) Schedule the Refresh Workforce Compensation Data process nightly to ensure that line managers see the most current data,including the recent transfers and other employment changes.

3. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions? (Choose three.)

A) Compensation items with sources belonging to different legal employers cannot be added.
B) The statement definition acts as a template and determines the layout and content of the generated statement.
C) The statement definition consists of compensation items added to compensation categories.
D) Edits to compensation categories affect all statement definitions that use that category.
E) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
F) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.

4. 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 andadd "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B) 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.
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.

5. Your client's organization is a multi-country organization with headquarters in the US, and managers have direct reports in different countries.
In which three ways canthe compensation currency be displayed? (Choose three.)

A) Only one currency can be displayed
B) Each employee's local currency
C) The corporate currency
D) Preferred currency

Solutions: