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| Section | Objectives |
|---|---|
| Topic 1: Integration and Data Management | - Data loading and import processes - Integration with Oracle HCM Cloud |
| Topic 2: Compensation Cloud Overview and Configuration | - Application architecture and key components - Security roles and access setup |
| Topic 3: Reporting, Analytics, and Modeling | - What-if modeling and simulation - Compensation reporting tools |
| Topic 4: Compensation Cycle Management | - Merit, bonus, and stock allocation processes - Worksheet configuration and approvals |
| Topic 5: Workforce Compensation Plan Design | - Compensation plans setup and eligibility rules - Budgeting and allocation models |
Question 1
As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)
A. Compensation Category
B. Statement Definition Name
C. Statement Period
D. Legal Employer
Question 2
A corporation has generated total compensation statements and all workers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements.
Which corrective action will you take? (Choose the best answer.)
A. Educate the workers that corrections are not possible after the total compensation statements have been generated.
B. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
C. Ignore any corrective action.
D. Start manual changes in each worker's total compensation statement.
Question 3
A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.
Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage? (Choose the best answer.)
A. Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
B. Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
C. No impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
D. Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
Question 4
Your client wants to offer a spot incentive bonus to hourly employees who worked 100 percent of their scheduled shift hours in a three-month period. What type of eligibility profile can you use in this case? (Choose the best answer.)
A. Fast-formula-based eligibility profile
B. Derived-factor-based eligibility profile
C. User-defined-criteria-based eligibility profile
D. Employment-criteria-based eligibility profile
Question 5
Identify the three choices available when configuring approvals. (Choose three.)
A. Auto Approval
B. Approval mode
C. Alternate approver hierarchy
D. Submit mode
Solutions:
| Question 1 Answer: A,C | Question 2 Answer: B | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: B,C,D |
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