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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Individual Compensation | 20% | - Set up approvals, history and eligibility - Define and configure individual compensation plans |
| Topic 2: Total Compensation Statements | 15% | - Generate and manage compensation statements - Define statement definitions and items |
| Topic 3: Base Pay Configuration | 25% | - Set up salary basis and components - Manage grade rates, salary ranges and progression ladders - Configure compensation zones and base pay structures |
| Topic 4: Elements, Balances, and Formulas | 15% | - Explain element classifications and eligibility - Configure balances and formulas for compensation |
| Topic 5: Workforce Compensation | 25% | - Performance ratings, approvals and administration - Plan design, setup and configuration - Budgets, models, worksheets and cycles - Validation, batch processes and change statements |
Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)
Correct Answer: B,D 🗳️
Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people? (Choose the best answer.)
Correct Answer: B 🗳️
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up compensation history.
Identify the three correct options regarding the various compensations shown in the history. (Choose three.)
Correct Answer: A,B,D 🗳️
You are responsible for configuring variable allocations to manage approvals for individual compensation plans. Your company wants to control plan availability by using defaults. What are the default attributes of the actionable Variable Allocation task? (Choose the best answer.)
Correct Answer: C 🗳️
You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)
Correct Answer: D 🗳️
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