Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Workforce Rewards Cloud
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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Statements | - Statement Configuration
|
| Topic 2: Compensation Foundation | - Compensation Components Setup
|
| Topic 3: Compensation Analytics and Reporting | - Reporting and Analysis
|
| Topic 4: Individual Compensation | - Awards and Compensation Management
|
| Topic 5: Base Pay | - Salary Administration
|
| Topic 6: Workforce Compensation Plans | - Plan Configuration
|
| Topic 7: Workforce Compensation Processing | - Compensation Cycle Management
|
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
The manager administering compensation has the option to create budget models to be used to allocate compensation.
Which fouroptions regarding compensation modeling are correct? (Choose four.)
- A. Managers can create their own models and use them.
- B. Modeling enables managers to automatically allocate compensation to employees who meet certain criteria.
- C. Managers can use a model created by compensation professionals.
- D. Access of a model is limited only to the creator of the model.
- E. Managers cannot sharea model created by them.
- F. A model can be shared with the direct reports of the creator.
Correct Answer: A,B,C,F 🗳️
How would you control the task of determining if a person is eligible for a compensation plan? (Choose the best answer.)
- A. a mix of element eligibility and eligibility profiles
- B. with the eligibility profiles, never through element eligibility
- C. either with eligibility profiles or through element eligibility
- D. through element eligibility only, never with eligibility profiles
Correct Answer: A 🗳️
Which two tasks are true aboutcomponents in worksheet configurations? (Choose two.)
- A. You can create up to five components to represent the different types of compensation that you want to award within a plan.
- B. There is the flexibility to add any number of components within a compensation plan.
- C. Each component has to be of a separate type, such as salary or bonus.
- D. Plans must have at least one component if awarding compensation.
Correct Answer: A,D 🗳️
While validating the Workforce Compensation Plan Setup, the compensation administrator encounters the following Warning: "At least one column that adjusts salary is enabled but no components to be posted assalary are selected." What should the compensation administrator do to eliminate this warning? (Choose the best answer.)
- A. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and enable Eligible Salary.
- B. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Compensation Amount Column Properties, select Yes for Post as Salary.
- C. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Percentage of Eligible Salary Column Properties, add an Element.
- D. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab andenable Compensation Amount.
- E. In Configure Worksheet Page Layout, navigate to the Compensation tab > Detail tab and on the Element Mapping tab of Eligible SalaryColumn Properties, select Yes for Post as Salary.
Correct Answer: B 🗳️
A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
* Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
* Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run __________. (Choose the best answer.)
- A. the Start Compensation Cycle process
- B. the StartCompensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
- C. the Refresh Data process
- D. the Validate Plan Setup process
Correct Answer: B 🗳️
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