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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Compensation Cloud Overview- Core Concepts of Workforce Compensation
- Key Features and Business Use Cases
Topic 2: Budgeting and Workforce Compensation- Manager Budget Distribution
- Budget Allocation Methods
Topic 3: Setup and Configuration- Basic Compensation Configuration
- Enterprise Structures and Security Setup
Topic 4: Worksheet Management- Worksheet Configuration and Fields
- Manager and Employee Interaction
Topic 5: Implementation and Maintenance- System Maintenance and Updates
- Deployment Considerations
Topic 6: Reporting and Analytics- Standard Compensation Reports
- Dashboards and Metrics
Topic 7: Compensation Plans and Cycles- Plan Design and Eligibility Rules
- Cycle Setup and Administration
Topic 8: Approvals and Security- Approval Workflow Configuration
- Role-Based Access Control

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)

  • A. The category does not have employee contribution.
  • B. The category does not have employer contribution.
  • C. The category has been added as a subcategory.
  • D. The category does not have a graph defined in it.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

A corporation implemented Oracle Fusion WorkforceCompensation. 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.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Yourcustomer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
* Evaluation Period Start Date: 1-Jan-2014
* Evaluation Period End Date: 31-Dec-2014
* Worksheet Update Period Start Date: 1-Jan-2014
* WorksheetUpdate Period End Date: 31-Dec-2014
* HR Data Extraction: 31-Dec-2014
* Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)

  • A. The salary adjustment or lumpsum effective date must be later that the worker's payroll last standard process date.
  • B. The salary adjustment or lumpsum must be manually calculated and added for such workers.
  • C. Terminated workers should be excluded from being processed in Workforce Compensation plans.
  • D. The salary adjustment or lumpsum effective date must be earlier than or equal to the worker's termination date.
  • E. The worker termination date should be changed to reflect the same date as the HR Data Extraction date.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

The compensation administrator hasconfigured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratingsby using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes thatthe increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How shouldyou accomplish this? (Choose the best answer.)

  • A. Correct the percentage increase for each of the ratings, run the RefreshWorkforce Compensation Data process, and return the same compensation plan.
  • B. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.
  • C. Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
  • D. Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
  • E. Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
Reveal Solution  Discussion  0

Correct Answer: E  🗳️

Which is the correct priority of deduction information from highest to lowest? (Choose the best answer.)

  • A. 1. Payroll statutory unit deduction card. 2. Tax reporting unit deduction card. 3. Payroll deduction range values (legislative data group level) 4. Personal deduction card (payroll relationship level).
  • B. 1.Personal deduction card (payroll relationship level). 2. Tax reporting unit deduction card. 3. Payroll statutory unit deduction card. 4. Payroll deduction range values (legislative data group level).
  • C. 1.Personal deduction card (payroll relationship level). 2. Payroll deduction range values (legislative data group level) 4. Payroll statutory unit deduction card. 4. Tax reporting unit deduction card.
  • D. 1. Personal deduction card (payroll relationship level). 2. Payroll statutory unit deduction card. 3. Tax reporting unit deduction card. 4. Payroll deduction range values (legislative data group level).
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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