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| Section | Objectives |
|---|---|
| Integration and Data Management | - Data loading and import processes - Integration with Oracle HCM Cloud |
| Workforce Compensation Plan Design | - Budgeting and allocation models - Compensation plans setup and eligibility rules |
| Compensation Cloud Overview and Configuration | - Security roles and access setup - Application architecture and key components |
| Compensation Cycle Management | - Merit, bonus, and stock allocation processes - Worksheet configuration and approvals |
| Reporting, Analytics, and Modeling | - Compensation reporting tools - What-if modeling and simulation |
Question 1
Contingent workers are ineligible as per the eligibility rules defined for your organization's compensation plan. The compensation plan cycle is started. As is the standard practice, the compensation administrator schedules the "Refresh Workforce Compensation Data" nightly. A worker who was a contingent worker is now an employee of the organization and the next day shows up in Manager's worksheet. How is this possible? (Choose the best answer.)
A. Show Ineligible Workers is selected in the compensation plan.
B. Track Ineligible Workers is selected in the compensation plan.
C. Process Ineligible Workers is selected in the compensation plan.
D. Hide Ineligible Workers is selected in the compensation plan.
Question 2
Identify the four correct options about the summary tables in the compensation history. (Choose four.)
A. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
B. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
C. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
E. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
Question 3
The compensation manager wants to run the batch process to start the compensation cycle. Which statement correctly describes the Back Out Workforce Compensation Data process? (Choose the best answer.)
A. It backs out started and processed events for participants.
B. It removes unneeded transaction data from prior plan cycles.
C. It backs out unrestricted events for participants.
D. It reverses a completed Start Workforce Compensation Cycle process or removes posted salary, payroll, and HR changes.
Question 4
When initiating an award, what is correct regarding possible workflow tasks? (Choose the best answer.)
A. You must use VariableAllocationFYITask and not VariableAllocationTask.
B. You must use VariableAllocationTask and edit the rules if using only for notification.
C. You must use VariableAllocationTask and not VariableAllocationFYITask.
D. You may use either VariableAllocationTask and VarialbeAllocationFYITask
Question 5
Identify the three correct statements for an alternate approver hierarchy. (Choose three.)
A. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
B. The alternate approver must be a part of the regular plan hierarchy.
C. You can create multiple approvers for the same manager.
D. The highest Approval sequence is the final approver.
Solutions:
| Question 1 Answer: C | Question 2 Answer: A,C,D,E | Question 3 Answer: D | Question 4 Answer: A | Question 5 Answer: A,C,D |
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