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| Section | Weight | Objectives |
|---|---|---|
| Individual Compensation | 20% | - Setting up individual compensation plans - Configuring compensation history - Managing contributions and approvals |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas |
| Total Compensation Statements | 15% | - Generating and publishing statements - Defining compensation statements - Managing statement layouts |
| Base Pay Configuration | 20% | - Defining salary basis - Managing base pay structures - Configuring salary components |
| Workforce Compensation | 25% | - Designing compensation plans - Administering compensation changes and models - Configuring plan cycles and budgets - Setting up worksheets, approvals, and access |
A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?
Correct Answer: A,B,D 🗳️
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.
Correct Answer: A 🗳️
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
Correct Answer: B 🗳️
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.
Correct Answer: B 🗳️
A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.
Correct Answer: C,D,E,F 🗳️
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