[2023] Use Real Oracle Dumps - 100% Free 1z0-1049-22 Exam Dumps
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NEW QUESTION 42
A corporation is implementing Oracle Fusion Workforce Compensation and needs to set up the following for all employees:
Salary paid based on the grades of employees.
Car allowance paid based on the department and position.
Spot bonus paid based on a committee's decision.
Identify the correct option for the setup. (Choose the best answer.)
- A. Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
- B. Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan. Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
- C. Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
- D. Set up on individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
Answer: B
NEW QUESTION 43
A corporation has implemented Oracle Fusion Workforce Compensation. Oracle Fusion Supplemental Earning Elements must now be created to capture ad hoc payments for eligible workforce.
Which two statements are true about element eligibility criteria for such elements? (Choose two.)
- A. Some element eligibility criteria may not be available, depending on the level at which the element is attached.
- B. You can define multiple eligibility criteria for each element, but there must be an overlap between them.
- C. You can define multiple eligibility criteria for each element, but there must not be any overlap between them.
- D. You cannot define multiple eligibility criteria for each element in any case.
Answer: C,D
Explanation:
You can define more than one eligibility criteria for each element but there must be no overlap between them. For example, you could create one criteria for the combination of grade A and the job Accountant. However, you could not create one criteria for grade A and a second for the job Accountant. This would imply that an accountant on grade A is eligible for the same element twice. If you have more than one criteria for an element, you can enter different default values, qualifying conditions, and costing information for each eligibility group.
NEW QUESTION 44
You want to use the Workforce Compensation Budget pool for a workforce compensation plan. Select the tasks to be performed, in the correct sequence. (Choose the best answer.)
- A. Create the workforce compensation plan, Configure the workforce compensation plan details, Configure the workforce compensation budget pool, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
- B. 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.
- C. 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
- D. 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.
- E. 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.
Answer: A
NEW QUESTION 45
You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available? (Choose four.)
- A. Job changed in HR
- B. Worker was terminated
- C. Allocation outside target range
- D. Salary changed in HR
- E. Grade changed in HR
- F. Worker is on long-term leave
Answer: B,C,D,E
NEW QUESTION 46
Performance Ratings are enabled in a compensation plan and a Rating Model is supposed to be created. Which two mandatory tasks are involved in creating the Rating Model? (Choose two.)
- A. Review points with from and to points entered for the rating level.
- B. Create a Rating Level for the rating model.
- C. Create Target Distributions for each of the rating levels.
- D. Populate Rating Categories for all rating levels.
Answer: C,D
NEW QUESTION 47
When a manager clicks the "Prepare in workbook" option, while processing compensation changes, what population would she or he see in the exported Excel spreadsheet? (Choose the best answer.)
- A. The filtered population
- B. Entire organization's population under that manager
- C. Budget sheet population
- D. Direct Reports
- E. Worksheet population
Answer: E
NEW QUESTION 48
Which five tasks can be performed by a compensation manager? (Choose five.)
- A. Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
- B. Promote and rate worker performance while allocating compensation.
- C. Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
- D. Determine compensation amounts offline by downloading details to a spreadsheet.
- E. Review and approve work of Superior Manager.
- F. Allocate compensation.
Answer: A,B,C,D,F
NEW QUESTION 49
While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers to achieve this? (Choose the best answer.)
- A. Use the sort feature in the worksheet to control this.
- B. This cannot be done once the population is finalized and the compensation cycle is started.
- C. Use the Advanced Filter option in the worksheet to create a custom condition.
- D. Control the population by using eligibility profiles.
Answer: C
NEW QUESTION 50
After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this? (Choose the best answer.)
- A. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original from, if needed.
- B. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
- C. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
- D. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
Answer: C
NEW QUESTION 51
A corporation has implemented Oracle Fusion Workforce Compensation. The consultant creates multiple elements to meet the business requirements.
Which three statements will help him to make a decision about the element classification? (Choose three.)
- A. Elements can have multiple primary and multiple secondary classifications.
- B. Predefined secondary classifications can be removed or changed.
- C. Primary classifications are provided mainly to reflect tax legislation.
- D. Predefined primary classifications cannot be removed or changed.
- E. Secondary classifications are subsets of the primary classifications.
Answer: C,D,E
NEW QUESTION 52
Identify three correct statements about changes in an employee's compensation when the employee's FTE value changes in employment. (Choose three.)
- A. If the salary start date is after the current date (that is, it is a future-dated salary record), the FTE value is fetched as of the salary start date and Annual Salary and Annual FT Salary are calculated by using that value.
- B. If the salary record end date is the same as the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
- C. If the salary record end date is 31-DEC-4712 (that is, the date is "blank" in the salary UI), the FTE value is fetched as of the current system date and Annual Salary and Annual FT Salary are calculated by using that value.
- D. If the salary record has the end date before the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
- E. If the salary record has the end date after the current date, FTE is fetched as of the salary end date and Annual Salary and Annual FT Salary are calculated by using that value.
Answer: C
NEW QUESTION 53
Which two methods can be used by the compensation administrator to publish budgets? (Choose two.)
- A. Copy budget amounts from a previous cycle.
- B. Use a model to distribute budgets.
- C. Publish budgets manually.
- D. Publish budgets automatically by running the Build Model process.
Answer: B,C
NEW QUESTION 54
A corporation has implemented Oracle Fusion Workforce Compensation for a manufacturing client. Which is the building block used in the calculation of deductions and exemptions? (Choose the best answer.)
- A. Deduction range group
- B. Deduction overrides
- C. Deduction range Values
- D. Deduction ranges
Answer: D
NEW QUESTION 55
After the compensation plan was configured, the Validate Plan Setup process was run successfully with no warnings or errors. However, when the worksheet is accessed by a Line Manager, the Line Manager notices that employees who are ineligible are also visible in the worksheet despite running the Validate Plan Setup process.
What is the reason for this? (Choose the best answer.)
- A. The Validate Plan Setup process failed to report errors from the eligibility profiles.
- B. The Validate Plan Setup process showed a warning about errors on the eligibility profiles, which was ignored by the compensation administrator.
- C. The Validate Plan Setup process does not validate eligibility profiles.
- D. The compensation administrator did not run the Validate Plan Setup process and run the Start Compensation Cycle process instead.
Answer: D
NEW QUESTION 56
Which two tasks are true about components in worksheet configurations? (Choose two.)
- A. Plans must have at least one component if awarding compensation.
- B. Each component has to be of a separate type, such as salary or bonus.
- C. There is the flexibility to add any number of components within a compensation plan.
- D. You can create up to five components to represent the different types of compensation that you want to award within a plan.
Answer: A,D
NEW QUESTION 57
Identify the four correct options about the summary tables in the compensation history. (Choose four.)
- A. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
- B. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
- C. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
- D. The summary table of recruiting payments gives detailed information about effective date, amount, currency, and grand total information for an individual award or compensation amounts.
- E. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
Answer: A,B,D,E
NEW QUESTION 58
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? (Choose the best answer.)
- A. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
- B. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
- C. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
- D. This is possible only in the on-premises model using customization and is not possible in an Saas instance. Therefore, you would respond accordingly to the client.
Answer: A
NEW QUESTION 59
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
- A. Compensation Person Selection
- B. Compensation Item Selection
- C. Compensation amounts Selection
- D. Compensation Organization Selection
- E. Compensation Currency Selection
Answer: B,C
NEW QUESTION 60
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