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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Total Compensation Statements | 15% | - Define statement definitions and items - Generate and manage compensation statements |
| Topic 2: Workforce Compensation | 25% | - Plan design, setup and configuration - Validation, batch processes and change statements - Budgets, models, worksheets and cycles - Performance ratings, approvals and administration |
| Topic 3: Base Pay Configuration | 25% | - Configure compensation zones and base pay structures - Set up salary basis and components - Manage grade rates, salary ranges and progression ladders |
| Topic 4: Elements, Balances, and Formulas | 15% | - Configure balances and formulas for compensation - Explain element classifications and eligibility |
| Topic 5: Individual Compensation | 20% | - Define and configure individual compensation plans - Set up approvals, history and eligibility |
1. As a compensation executive, you are required to upload stock data sent by a vendor of a corporation into the Fusion application.
Which option is the correct method to do so? (Choose the best answer.)
A) Manage Stock Grants >> Import Items
B) Manage Stock Grants >> Prepare Import Spreadsheet
C) Manage Stock Grants >> Import Category
D) Manage Stock Grants >> Import Source
2. A corporation has implemented Oracle Fusion Workforce Compensation. Per business requirements, the Fusion consultant must integrate Oracle Fusion Workforce Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of an employee for the compensation process.
Identify the option that will enable fetching of the Benefits Amount value. (Choose the best answer.)
A) Select "Pay Separately" as the "Special Purpose" option.
B) Database items are created by default for the element input values.
C) Create an "Amount" input value at the element eligibility link level.
D) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.
3. A corporation has implemented Oracle Fusion Workforce Compensation. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue. (Choose two.)
A) Automatic entry is checked at the element eligibility link for the payroll element used.
B) Automatic entry is checked for the payroll element used.
C) No components are defined to handle these salary adjustments.
D) Salary basis is configured to be non-updatable.
4. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup. (Choose two.)
A) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
D) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
5. Which three statements are true about individual compensation plans? (Choose three.)
A) Individual compensation plans define compensation that managers can award to individual workers outside of the regular compensation cycle, such as spot bonus or education reimbursement.
B) Individual compensation plans are necessary for payment of items such as spot bonus.
C) Workers are individual compensation plans to manage their own contributions to charitable or savings plans.
D) A user's ability to access or make updates to awards in individual compensation plans may be restricted by the user's association to a Legislative Data Group.
E) Individual compensation plans are not necessary for payment of items such as spot bonus.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: B,D | Question # 4 Answer: C,D | Question # 5 Answer: A,B,C |
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