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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
B) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
C) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
D) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
E) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.

2. Which two methods can be used by the Compensation Administrator to publish budgets?

A) Use a model to distribute budgets.
B) Copy budget amounts from a previous cycle.
C) Publish budgets automatically by running the Build Model process.
D) Publish budgets manually.

3. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
B) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
C) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
D) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.

4. Which three statements are true regarding Plan Cycles?

A) All active plans are available to be cross-referenced, even plans with no started cycles.
B) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
C) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) Active plans are available to be cross-referenced, except plans with no started cycles.

5. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
B) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
C) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
D) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.

Solutions: