Oracle Compensation Cloud 2021 Implementation Essentials : 1Z0-1049-21

1Z0-1049-21 pass collection

Exam Code: 1Z0-1049-21

Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials

Updated: Jul 15, 2026

Q & A: 180 Questions and Answers

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Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. 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) Start manual changes in each worker's total compensation statement.
B) Edit "Statement Definition," make the required corrections, and regenerate the total compensation statements as a newer version.
C) Educate the workers that corrections are not possible after the total compensation statements have been generated.
D) Ignore any corrective action.


2. A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses withsimilar or related compensation items.
How will you configure this requirement in the Fusion application? (Choose the best answer.)

A) Attach performance bonuses to similar compensation items.
B) Attach performance bonuses to similar elements.
C) Attach performance bonuses to similar compensation categories/subcategories.
D) Attach performance bonuses to similar sources.


3. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October
2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)

A) Manager Z, because this is the current manager to whom Employee X is reporting.
B) Employee X does not appear on any manager's sheet, because he will not be evaluated by thecompensation plan.
C) Manager Y, because this is the original manager of Employee X.
D) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.


4. You have created a compensation plan and configured the plan details. However, when you try to run the
"Start Compensation Cycle" process, you are not able to see the plan you created in the list that appears.
Which three options could be possible reasons for this? (Choose three.)

A) Your user role does not have access to view the plan.
B) Restrict Plan access is set to "Yes" and the compensation administrator role is added tothe list of roles in
"Plan access from Compensation work area."
C) The compensation administrator or equivalent role is not attached to your plan.
D) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
E) Accessto the compensation administrator role is restricted in Plan Access.


5. The compensation administrator hasconfigured an Annual Salary Review plan that is linked to the performance of employees so that the annual increment amount is based on the rating that an employee has received in the performance evaluation. The percentages are fixed for each of the ratingsby using the dynamic column. All the managers have completed updating the worksheet and the information has been transferred to HR by running the Transfer Workforce Compensation Data to HR process.
After this, the compensation administrator realizes thatthe increment percentages for each of the ratings used in the dynamic column were incorrect. Now each of these incorrect salary records should be deleted and new correct salary record entries should be made for the employees in Manage Salary.
How shouldyou accomplish this? (Choose the best answer.)

A) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan. Finally transfer the data to HR.
B) Run the Back Out Workforce Compensation Data process, run the Refresh Workforce Compensation Data process, return the same compensation plan, and then transfer the data to HR.
C) Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
D) Run the Back Out Workforce Compensation Data process, correct the percentage increase for each of the ratings, run the Refresh Workforce Compensation Data process, and rerun the same compensation plan.
E) Correct the percentage increase for each of the ratings, run the RefreshWorkforce Compensation Data process, and return the same compensation plan.


Solutions:

Question # 1
Answer: B
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: A,B,E
Question # 5
Answer: C

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