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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Workforce Compensation | 25% | - Administering compensation changes and models - Configuring plan cycles and budgets - Designing compensation plans - Setting up worksheets, approvals, and access |
| Topic 2: Individual Compensation | 20% | - Managing contributions and approvals - Configuring compensation history - Setting up individual compensation plans |
| Topic 3: Base Pay Configuration | 20% | - Defining salary basis - Managing base pay structures - Configuring salary components |
| Topic 4: Total Compensation Statements | 15% | - Generating and publishing statements - Managing statement layouts - Defining compensation statements |
| Topic 5: Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas |
Which two tasks are true about components in worksheet configurations?
Correct Answer: C,D 🗳️
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?
Correct Answer: B 🗳️
Identify the correct option regarding the Payroll element details in the compensation history setup.
Correct Answer: A 🗳️
A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.
Correct Answer: C,D 🗳️
ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?
Correct Answer: E 🗳️
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