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| Certification Vendor: | Oracle |
| Exam Name: | Oracle Compensation Cloud 2021 Implementation Essentials |
| Exam Number: | 1Z0-1049-21 |
| Exam Format: | Multiple Choice, Multiple Response |
| Available Languages: | English |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle HCM Cloud Compensation |
| Sample Questions: | Oracle 1Z0-1049-21 Sample Questions |
| Exam Way: | Online proctored or testing center-based exam |
| Pre Condition: | No formal prerequisites; familiarity with Oracle HCM Cloud and compensation processes is recommended |
| Section | Objectives |
|---|---|
| Implementation and Maintenance | - System Maintenance and Updates - Deployment Considerations |
| Budgeting and Workforce Compensation | - Budget Allocation Methods - Manager Budget Distribution |
| Setup and Configuration | - Enterprise Structures and Security Setup - Basic Compensation Configuration |
| Compensation Plans and Cycles | - Cycle Setup and Administration - Plan Design and Eligibility Rules |
| Reporting and Analytics | - Standard Compensation Reports - Dashboards and Metrics |
| Approvals and Security | - Approval Workflow Configuration - Role-Based Access Control |
| Worksheet Management | - Worksheet Configuration and Fields - Manager and Employee Interaction |
| Compensation Cloud Overview | - Core Concepts of Workforce Compensation - Key Features and Business Use Cases |
1. A worker complains to the Human Resources department that the total amount does not add up to the amount of salary received in the bank. The department informs the worker that certain items that are shown in theCompensation Statement do not comprise the actual amount paid. The department now wants to make the statement more relevant to workers to avoid such situations.
What should you do to accommodate this requirement? (Choose the best answer.)
A) For each item, specify the Excluded from Gross amount option to indicate that this compensation is not the actual amount paid.
B) For each item, specify the Unpaid amount option to indicate that tis compensation is not the actual amount paid.
C) For each item, specify the Indicative amount option to indicate that this compensation is not the actual amount paid.
D) For each item, specify the Estimated amount option to indicate that this compensation is not the actual amount paid.
2. Your customer wants line managers to be able to access the active workforce compensation plan during the first three months of the Plan period, but not to update it. The evaluation period start and end dates for the plan areJanuary 1 to December 31 of the year.
How should you set this up? (Choose the best answer.)
A) Configure Worksheet update period start and end dates from January 1 to March 31 of the year and Plan access start and end dates from April 1 to December 31 of the year.
B) Configure Plan access start and end dates from January 1 to December31 of the year.
C) Configure Plan access start and end dates from January 1 to March 31 of the year and Worksheet update period start and end dates from April 1 to December 31 ofthe year.
D) Configure Worksheet update period start and end dates from January 1 to December 31 of the year.
3. As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)
A) A loaned employee in your organization returns after assignment completion.
B) An employee leaves an organization.
C) An employee transfers into your organization.
D) A contingent employee becomes a regular employee.
E) An employee's data has been corrected by HR and it now satisfies the eligibility criteria.
F) An intern in your organization gets his place confirmed as an employee.
4. Which four options are valid refresh options for the Refresh Data process? (Choose four.)
A) Reevaluate Eligibility
B) Refresh Plan Currency
C) Refresh Manager Hierarchy
D) Refresh Base and Eligible Salary
E) Refresh summary totals
F) Refresh Plan Access
G) Refresh HR Data
5. A compensation administrator has set up a Workforce Compensation Plan with Budget Pools. Manager Level Budgeting is enabled for the pool and default budget values have been configured for the following columns on the Configure Budget Page Layout page:
* Budget Distribution Amount or Budget Distribution Percentage columns on the Detail Table tab
* Budget Amount or Budget Percentage columns on the Summary Columns tab To distribute the budgets automatically, the compensation administrator should run __________. (Choose the best answer.)
A) the Validate Plan Setup process
B) the Refresh Data process
C) the Start Compensation Cycle process
D) the StartCompensation Cycle process. After this, the Administrator should create a model to distribute the budgets.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A,C,D,E | Question # 4 Answer: A,C,E,G | Question # 5 Answer: D |
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