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| Section | Objectives |
|---|---|
| Workforce Compensation Plan Design | - Compensation plans setup and eligibility rules - Budgeting and allocation models |
| Compensation Cycle Management | - Merit, bonus, and stock allocation processes - Worksheet configuration and approvals |
| Reporting, Analytics, and Modeling | - What-if modeling and simulation - Compensation reporting tools |
| Compensation Cloud Overview and Configuration | - Security roles and access setup - Application architecture and key components |
| Integration and Data Management | - Integration with Oracle HCM Cloud - Data loading and import processes |
1. The compensation administrator has configured 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 ratings by 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 that the 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 should you accomplish this? (Choose the best answer.)
A) Correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and return the same compensation plan.
B) 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.
C) 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.
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.
2. You client has a requirement that allows a salary adjustment based on the number of dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)
A) The Configure Compensation Component task in Manage plans
B) The Salary Component Lookup
C) The Compensation Models
D) It is not possible to achieve this, because only the delivered salary components can be used.
3. A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)
A) Deduction ranges
B) Deduction range group
C) Deduction range Values
D) Deduction overrides
4. Your customer wants to give its employees a way to donate to charity. This donation could be started anytime in the year and can be updated or stopped only during the month of September.
Identify the correct set of plan restriction to achieve the desired results. (Choose the best answer.)
A) The individual compensation plan must be set up with "NO" for plan access restriction.
B) The individual compensation plan must be set up with the following restrictions:
C) The individual compensation plan must be set up with the following restrictions:
D) The individual compensation plan must be set up with the following restrictions:
5. You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year. How should you achieve this? (Choose the best answer.)
A) Do not select any additional actions other than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.
B) Make the plan available for all actions in the list with access level for each action Always allowed.
C) Do not select any additional actions other than Manage Contributions with access level as Create: Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed.
D) Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A |
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