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Oracle 1Z0-1049-21 Exam Syllabus Topics:

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

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question 1

As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement? (Choose four.)

A. Payroll Balance
B. Deduction Range
C. Formula
D. Input Value
E. Element Entry
F. Benefit Balance


Question 2

A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses withsimilar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)

A. Attach performance bonuses to similar compensation items.
B. Attach performance bonuses to similar elements.
C. Attach performance bonuses to similar sources.
D. Attach performance bonuses to similar compensation categories/subcategories.


Question 3

What is the maximum number andkind of items that you can add when defining a custom category? (Choose the best answer.)

A. three subcategories
B. three items
C. five custom columns
D. three custom columns


Question 4

If you enable Performance Ratings and rate workers within WorkforceCompensation, which two statements are true? (Choose two.)

A. You can display compensation ratings given in the previous plan cycle as a column in the worksheet.
B. Managers can rate workers as they allocate compensation.
C. These ratings are used across compensation plan and cycles.
D. The ratings are transferred to the Performance Management system or toHR.


Question 5

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

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


Solutions:

Question 1
Answer: A,C,E,F
Question 2
Answer: D
Question 3
Answer: C
Question 4
Answer: A,B
Question 5
Answer: A,B,C,D,E

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