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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Total Compensation Statements | 15% | - Define statement definitions and items - Generate and manage compensation statements |
| Topic 2: Workforce Compensation | 25% | - Validation, batch processes and change statements - Performance ratings, approvals and administration - Budgets, models, worksheets and cycles - Plan design, setup and configuration |
| Topic 3: Elements, Balances, and Formulas | 15% | - Configure balances and formulas for compensation - Explain element classifications and eligibility |
| Topic 4: Individual Compensation | 20% | - Set up approvals, history and eligibility - Define and configure individual compensation plans |
| Topic 5: Base Pay Configuration | 25% | - Configure compensation zones and base pay structures - Set up salary basis and components - Manage grade rates, salary ranges and progression ladders |
1. A corporation has implemented Oracle Fusion Workforce Compensation. The consultant must now create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area? (Choose three.)
A) costing
B) input values
C) status processing rules
D) general information
E) retroactive components
F) auto indirect rules
2. Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)
A) Copy budget amounts from a previous cycle.
B) Publish budgets manually.
C) Publish budgets automatically by running the Build Model process.
D) Use a model to distribute budgets.
3. Your client is a consumer goods wholesaler. The client's organization has five departments. While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees in that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department? (Choose the best answer.)
A) Request excess budget allocation from the manager above him.
B) Initiate budgets automatically by using the Start Compensation Cycle process.
C) Publish the original budgets to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
D) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
4. An organization uses Compensation Statement for its workers in the UK. One of the categories used in the statement has the display name as One-Time Bonus. As an implementation consultant, you are in the process of configuring a new Compensation Statement for workers in Indi a. You decide to reuse the category for the new Compensation Statement. In the process of configuring the Statement Definition, you update the Compensation Category display name to Annual Bonus. However, when the Compensation Statement for workers in the UK displays, it continues to show the Category display name as One-Time Bonus.
What is the cause for this? (Choose the best answer.)
A) The Compensation Category display name is specific to a Statement Definition.
B) The Compensation Statement Definition synchronization process needs to be run to update the Compensation Category display name in all statement definitions.
C) After the Compensation Statement is generated for workers in India, the Category display name of Annual Bonus will start reflecting in the Compensation Statement of workers in the UK.
D) Workers in the UK need to refresh their statements in order to see the updated display name.
5. Which two tasks are true about components in worksheet configurations? (Choose two.)
A) Plans must have at least one component if awarding compensation.
B) You can create up to five components to represent the different types of compensation that you want to award within a plan.
C) Each component has to be of a separate type, such as salary or bonus.
D) There is the flexibility to add any number of components within a compensation plan.
Solutions:
| Question # 1 Answer: A,B,F | Question # 2 Answer: B,D | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A,B |
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