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Total 181 Questions | Updated On: Nov 19, 2024

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Question 1

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

A : Allocate compensation.

B : Promote and rate worker performance while allocating compensation.

C : Determine compensation amounts offline by downloading details to a spreadsheet.

D : Review and approve work of Superior Manager.

E : Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.

F : Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.

Answer: A,B,C

Question 2

A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual

compensation plan with the following details.

Name: Variable component

Restrict plan access: Yes

Action: Manage Contributions

Access Level: New

Allocations: Always Allow

Update Allocations: Never Allow

Discontinue Allocations: “Allowed during a specific period” with the period start and end dates

configured.

Identify the correct option for the possible actions. (Choose the best answer.)

A : All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.

B : Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.

C : The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.

D : The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.

Answer: A

Question 3

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 : Statement Definition Name

B : Statement Period

C : Legal Employer

D : Compensation Category

Answer: B,D

Question 4

A corporation implemented Fusion Compensation and must run a compensation cycle. The corporation has seven different active components in the salary basis. Salaries of all the employees must be updated in bulk mode.

Which statement is true about the bulk update using Integrated Workbook? (Choose the best answer.)

A : Integrated Workbook can be used to update all the seven components.

B : Only the first four active components will be loaded at a time by Integrated Workbook.

C : Only the first five active components will be loaded at a time by Integrated Workbook.

D : Only the first six active components will be loaded at a time by Integrated Workbook.

Answer: C

Question 5

A corporation implemented Oracle Fusion Workforce Compensation. A Salary Basis has been created and

attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different

Grade rate for the salary basis.

Which option is true? (Choose the best answer.)

A : After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.

B : A new Grade rate can be created and the Salary basis can be modified to include it.

C : No new Grade rate can be created.

D : The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.

Answer: D

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Total 181 Questions | Updated On: Nov 19, 2024

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