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Per your client’s policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. A particular manager is currently in a notice period, but his direct reports are still eligible for the compensation cycle. You observe that the system allows that manager to administer compensation for his direct reports. You research this and find out that manager is still allowed to carry out the compensation allocation because his Eligibility Status is . (Choose the best answer.)
Which three statements are true regarding plan cycles? (Choose three.)
All active plans are available to be cross-referenced, even plans with no started cycles.
You can display a target amount or custom score from a previous plan cycle in the current plan cycle.
Active plans are available to be cross-referenced, except plans with no started cycles.
You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
Answer: A, B, E
You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employees under him. Where will the rating specified by the manager be available? (Choose the best answer.)
Only within the current compensation plan and all cycles associated with it
Only within the current compensation plan and the current cycle
To the current compensation plan and the Performance Management system
To the current compensation plan and HR system
A corporation has implemented Oracle Fusion Workforce Compensation and set up an individual compensation plan with the following details.
. Name: Variable component
. Restrict plan access: Yes
. Action: Manage Contributions
. Access Level: New
. Allocations: Always Allow
. Update Allocations: Never Allow
Discontinue Allocations: “Allowed during a specific period” with the period start and end dates configured.
Identify the correct option for the possible actions. (Choose the best answer.)
All Employees will be able to start the contribution anytime, update never, but discontinue during the period defined.
Only managers will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant created a Bonus element with primary classification as Supplemental earning. What is true about the subclassifications for the created element? (Choose the best answer.)
Sub-classifications provide a way to feed elements.
Once a sub-classification is associated with a classification, it cannot be associated
with another classification.
A sub-classification name cannot be reused under a different primary classification.
Elements can have only one sub-classification.
Which statement is correct about secondary element classifications? (Choose the best answer.)
They are user-defined and can be edited.
They are user-defined and cannot be edited.
They are predefined and can be edited.
They are predefined and cannot be edited.
You have created a total compensation statement. However, you are not able to see one of the categories in the summary section on the left pane. What is the reason for this? (Choose the best answer.)
The category does not have employee contribution.
The category does not have employer contribution.
The category has been added as a subcategory.
The category does not have a graph defined in it.
Identify the two valid formula types applicable for Workforce Compensation Plans. (Choose two.)
Compensation Currency Selection
Compensation Organization Selection
Compensation Item Selection
Compensation Person Selection
Compensation amounts Selection
Answer: C, E
While working on a budget sheet or a compensation worksheet, a manager chooses to use the “Export to Excel workbook” option to do his or her work. Which four of the following steps would he or she need to perform upon clicking the “Export to Excel workbook” option and prior to finalizing his or her proposal and submitting it for approval? (Choose four.)
Download and authenticate workbooks.
Edit the workbook data.
Filter the edits and upload only the edited fields.
Resolve errors created by the uploaded file.
Upload filter the workbook to include only employees whose data has been modified in the workbook, prior to uploading the file.
Repeat the steps as many times as necessary to accommodate the revisions.