What happens if eligibility requirements are different for components than theyare for a plan? (Choose the best answer.)
A. Component-level eligibility is ignored and a warning is reported.
B. Plan-level eligibility is evaluated before component-level eligibility.
C. Component-level eligibility is evaluated before plan-level eligibility.
D. This is not possible. Component-level eligibility is always identical to plan-level eligibility.
E. Plan-level eligibility is ignored and a warning is reported.
Yourcustomer's company spans multiple countries. It follows a global salary increase process in the month of May and awards bonuses twice a year in the month of June and December for workers who are employed in various countries. As an implementation consultant, you must define Statement Periods for the Compensation Statement. Which three options will you consider? (Choose three.)
A. an optional welcome message
B. the conversion rate date for currency conversions
C. the date that statements become available toworkers
D. the date when bonus is awarded to workers
E. the date when merit increases are awarded to workers
Your Workforce Compensation Plan has the following Plan Cycle setup:
Evaluation Period Start Date: 1-Jan-2014 Evaluation Period End Date: 31-Dec-2014 Worksheet Update Period Start Date: 1-Jan-2014 Worksheet Update Period End Date:31-Dec-2014 HR Data Extraction: 31-Dec-2014 Eligibility Determination Date: 31-Dec-2014 Worksheet Update Period Start Date: 1-Nov-2014 Worksheet Update Period End Date: 31-Jan-2015
Due to reorganization in the month of December 2014, the Marketing department was split into two new departments: Branding and Communications, which resulted in transfers of many employees from one manager to another.
You, as the compensation administrator, are required to ensure that all the relevant organizational changes areincluded in the Compensation Worksheet. What would you have to do to accomplish this? (Choose the best answer.)
A. Schedule the Refresh Workforce Compensation Data process nightly to ensure that line managers see the most current data, including therecent transfers and other employment changes.
B. Run the Refresh Workforce Compensation Data process on 1-Nov-2014 because that is the date when line managers start updating the worksheet.
C. Validate Plan Setup to ensure that all HR Data updates are accounted in the worksheet.
D. Run the Back Out Workforce Compensation Data process with the "Full back out" option.
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. 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.
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 andthe corresponding Annualization factor can be determined.
C. 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.
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.
A corporation has generated total compensation statements and allworkers received their total compensation statements. As a compensation executive, you realize that some corrections are needed in the generated statements.
Which corrective action will you take? (Choose the best answer.)
A. Educate the workers that corrections are not possible after the total compensation statements have been generated.
B. Ignore any corrective action.
C. Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
D. Start manual changes in each worker's total compensation statement.
Your customer has standard working hours = 40 hours per week. An employee has the following salary basis setup:
Working hours = 32 hours per week Base pay = 20 USD per hour
What will be the employee's Annual Salary and Annualized full-time salary? (Choose the best answer.)
A. Annual Salary = 32280, Annualization Salary = 41600
B. Annual Salary = 52000, Annualization Salary = 41600
C. Annual Salary = 41600, Annualization Salary = 41600
D. Annual Salary = 32280, Annualization Salary = 52000
As a compensation manager, in which four cases would you find an employee newly added to your worksheet? (Choose four.)
A. An employee transfers into your organization.
B. An employee's data has been corrected by HR and it now satisfies the eligibility criteria.
C. An employee leaves an organization.
D. A contingent employee becomes a regular employee.
E. A loaned employee in your organization returns after assignment completion.
F. An intern in your organization gets his place confirmed as an employee.
A corporation is implementing Oracle Fusion Workforce Compensation. Different currencies are set at the Legislative Data Group level, the Organization payment level, the Bank account level, and the payroll element level.
The currency shown while configuring salary basis comes from which level? (Choose the best answer.)
A. From the input value of the payroll element
B. From the Legislative Data Group level, because that is the highest level in the hierarchy.
C. From the Organization payment level, because the compensation isfinally paid through this
D. From the Bank account level
The compensation plan that is implemented for your customer has a column that defaults based on adynamic column. However, as per the customer's requirement, if the value in this column is manually updated in the worksheet by a manager, there should not be any further changes made to it automatically when the "Refresh Data" process is run. How can a compensation administrator achieve this? (Choose the best answer.)
A. by setting up the properties of the column as updatable only once
B. by deselecting the Refresh Data triggering event in the dynamic column
C. by deselecting the Start Compensation Cycletriggering event in the dynamic column
D. by deselecting the Change Worksheet Data triggering event in the dynamic column
You client has a requirement that allows a salary adjustment based on the numberof dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)
A. The Configure Compensation Component task in Manage plans
B. The Salary Component Lookup
C. It is not possible to achieve this, because only the delivered salary components can be used.
D. The Compensation Models
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