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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. You are configuring approvals under the Worksheets task list for an annual workforce compensation plan.
Your customer wants the worksheets to be approved by different people other than the hierarchy determined for the plan.
How should you accomplish this? (Choose the best answer.)

A) Create an alternate manager approval hierarchy and replace the plan hierarchy with the created alternate hierarchy.
B) Create an alternate manager approval hierarchy that overrides the plan hierarchy.
C) Have the customer change the business process because you cannot have different approval hierarchies for the plan and the worksheet.
D) Create an alternate position approval hierarchy that overrides the plan hierarchy.

2. Per your client's policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. A particular manager is currently in a notice period, but his direct reports are still eligible for the compensation cycle. You observe that the system allows that manager to administer compensation for his direct reports.
You research this and find out that manager is still allowed to carry out the compensation allocation because his Eligibility Status is _________. (Choose the best answer.)

A) Eligible
B) Ineligible
C) Provisional
D) Restricted
E) Limited

3. Which five tasks can be performed by a compensation manager? (Choose five.)

A) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
B) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
C) Allocate compensation.
D) Review and approve work of Superior Manager.
E) Determine compensationamounts offline by downloading details to a spreadsheet.
F) Promote and rate worker performance while allocating compensation.

4. Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)

A) If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
B) If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
C) If the salary start date is after the current date (that is, it is a future-dated salary record), theFTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.
D) If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary andAnnual FT Salary are calculated by using that value.
E) If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.

5. Identify the four correct options about the summary tables in the compensation history. (Choose four.)

A) The Salary summary table gives detailed information about salary history, percentagechange, compa-ratio, and growth rate.
B) The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
C) The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
D) The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
E) The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.

Solutions: