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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You client has a requirement that allows a salary adjustment based on the numberof dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called
"Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)

A) The Salary Component Lookup
B) The Compensation Models
C) The Configure Compensation Component task in Manage plans
D) It is not possible to achieve this, because only the delivered salary components can be used.

2. The compensation administrator hasconfigured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratingsby using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes thatthe increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How shouldyou accomplish this? (Choose the best answer.)

A) Correct the percentage increase for each of the ratings, run the RefreshWorkforce Compensation Data process, and return the same compensation plan.
B) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
C) Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
D) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.
E) Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.

3. 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) Each component has to be of a separate type, such as salary or bonus.
C) Plans must have at least one component if awarding compensation.
D) There is the flexibility to add any number of components within a compensation plan.

4. While configuring the Budget page, you are setting the properties of the Job column.
Which two sectionsare available in the properties for the Job column? (Choose two.)

A) Legal Employer
B) Default Value
C) Information
D) General

5. As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for Salary, Merit Increase, and so on. Identify one set of values that Compensation Items can hold. (Choose the best answer.)

A) Monetary, Nonmonetary, Timestamp, Text
B) Monetary, Nonmonetary, Date,Boolean
C) Monetary, Timestamp, Boolean
D) Monetary, Nonmonetary, Date, Text

Solutions: