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QUESTION NO: 1
A corporation is implementing Oracle Fusion Workforce Compensation and the new salary basis is being created.
For an hourly paid employee, which option is true regarding the Annualization factor in the salary basis?
(Choose the best answer.)
A. The Annualization factor used in salary basis is only for display purpose. The amount that is paid to the worker is always determined by the pay period on the payroll linked to worker's assignment.
B. Whether the employee is paid hourly or not, the Annualization factor is the multiplication factor used to convert base pay at the selected frequency to an annualized amount. So any frequency can be used and the corresponding Annualization factor can be determined.
C. For all hourly paid employees, a new salary basis needs to be created and associated that uses a frequency of "Hourly," and the Annualization factor will be the number of hours in a work year.
D. The Annualization factor used in a salary basis is only for display purpose. The amount that is paid to the worker is always determined by the sum of all the components of the salary basis multiplied by
12.
Answer: D
QUESTION NO: 2
The Compensation and Benefits policy defined for your organization limits contingent workers from getting an increment as part of the Annual Salary Review. As a result, the contingent workers are excluded in the eligibility profile and ineligible workers are not tracked as part of the Annual
Salary Review Compensation Plan.
A recent change to this policy enforced a minimum increment for the entire contingent worker population.
Consequently, the compensation administrator ran the Refresh Data process to update the worksheets and include the contingent workforce but none of the contingent workers are included.
What should the compensation administrator do to bring the contingent workers into the manager's compensation worksheet?
(Choose the best answer.)
A. Update the eligibility profile to include the contingent workers and run the Start Workforce
Compensation Cycle process.
B. Update the eligibility profile to include the contingent workers and rerun the Refresh Workforce
Compensation Data process by selecting Refresh Option - Reevaluate Eligibility.
C. Run the Start Workforce Compensation Cycle process.
D. Rerun the Refresh Workforce Compensation Data process by selecting Refresh Option - Reevaluate
Eligibility.
Answer: B
QUESTION NO: 3
A corporation has set up an individual compensation plan for a contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels. (Choose four.)
A. Resource
B. Job Level
C. Department Level
D. Management Chain
E. Supervisory
F. Position
Answer: A,B,C,E
QUESTION NO: 4
Your customer must use Grade Ladders to suit the industry in which it operates. How should you define the Grade Ladders that the customer needs? (Choose the best answer.)
A. by using steps and rate values
B. by using LDG-specific Grade Min, Max, and Mid Point rate values
C. by associating the Grade Ladders with legal entities
D. by using Min, Max, and Mid Point rate values
Answer: D
QUESTION NO: 5
Identify the four correct options about the summary tables in the compensation history.
(Choose four.)
A. The summary table of other compensation gives detailed information about effective date, amount, currency, and grand total information about all awards.
B. The Salary summary table gives detailed information about salary history, percentage change, compa-ratio, and growth rate.
C. 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.
D. The Stock summary table gives detailed information about grant date and price, granted, vested, and unvested shares, and the estimated value of unvested shares.
E. The summary table of payroll elements gives detailed information about element, input value, actual value and the grand total for the year.
Answer: B,C,D,E
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Updated: May 28, 2022