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Oracle 1Z0-1049-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Setup and Configuration | - Basic Compensation Configuration - Enterprise Structures and Security Setup |
| Topic 2: Compensation Cloud Overview | - Core Concepts of Workforce Compensation - Key Features and Business Use Cases |
| Topic 3: Budgeting and Workforce Compensation | - Manager Budget Distribution - Budget Allocation Methods |
| Topic 4: Approvals and Security | - Role-Based Access Control - Approval Workflow Configuration |
| Topic 5: Worksheet Management | - Worksheet Configuration and Fields - Manager and Employee Interaction |
| Topic 6: Reporting and Analytics | - Dashboards and Metrics - Standard Compensation Reports |
| Topic 7: Compensation Plans and Cycles | - Cycle Setup and Administration - Plan Design and Eligibility Rules |
| Topic 8: Implementation and Maintenance | - System Maintenance and Updates - Deployment Considerations |
Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:
Question 1
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 actionsother than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.
B. 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.
C. 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.
D. Make the plan available for all actions in the list with access level for each action Always allowed.
Question 2
You canuse predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available? (Choose four.)
A. Allocation outside target range
B. Grade changed in HR
C. Salary changed in HR
D. Job changedin HR
E. Worker is on long-term leave
F. Worker was terminated
Question 3
You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)
A. Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plandetails, Run the Start Compensation Cycle process.
B. Create the workforce compensation plan, Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process
C. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
D. Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the StartCompensation Cycle process.
E. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details.
Question 4
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 Validate Plan Setup process
C. the StartCompensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
D. the Refresh Data process
Question 5
While administering compensation for the workforce, a manger accidentally approves a lower manager's worksheet.
Which three statements will be truein this case? (Choose three.)
A. The lower-level manager's access level is changed to "Approved."
B. The lower-level manager can still make changes in the worksheet and resubmit it for approval.
C. Lower-level managers can no longer make any updates totheir worksheets.
D. The lower-level manager can withdraw the submission and reprocess the compensation allocation.
E. The worksheet goes to next level for approval.
Solutions:
| Question 1 Answer: A | Question 2 Answer: A,B,C,F | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: A,D,E |
