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

1Z0-1049-21 Exam Questions
  • Exam Code: 1Z0-1049-21
  • Exam Name: Oracle Compensation Cloud 2021 Implementation Essentials
  • Updated: Jul 30, 2026
  • Q & A: 180 Questions and Answers
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Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Setup and Configuration- Enterprise Structures and Security Setup
- Basic Compensation Configuration
Topic 2: Approvals and Security- Role-Based Access Control
- Approval Workflow Configuration
Topic 3: Compensation Cloud Overview- Core Concepts of Workforce Compensation
- Key Features and Business Use Cases
Topic 4: Implementation and Maintenance- System Maintenance and Updates
- Deployment Considerations
Topic 5: Reporting and Analytics- Standard Compensation Reports
- Dashboards and Metrics
Topic 6: Budgeting and Workforce Compensation- Manager Budget Distribution
- Budget Allocation Methods
Topic 7: Worksheet Management- Worksheet Configuration and Fields
- Manager and Employee Interaction
Topic 8: Compensation Plans and Cycles- Plan Design and Eligibility Rules
- Cycle Setup and Administration

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

1. Which statement is trueregarding elements? (Choose the best answer.)

A) Elements have one primary classification, one secondary classification, and one subclassification.
B) Elements have one primary classification, possibly multiple secondary classifications, and possibly multiple subclassifications.
C) Elements have possibly multiple primary classifications, one secondary classification, and one subclassification.
D) Elements have possibly multiple primary classifications, possible multiple secondary classifications, and possibly multiple subclassifications.
E) Elements have one primary classification, one secondary classification, and possibly multiple subclassifications.


2. 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) Change the plan status to Inactivate and create a new compensation plan with correct percentage increase for each of the ratings.
B) Correct the percentage increase for each of the ratings, run the RefreshWorkforce Compensation Data process, and return the same compensation plan.
C) 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.
D) 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.
E) 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.


3. Identify the three correct statements for an alternate approver hierarchy. (Choose three.)

A) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set orsequence of approvers.
B) The highest Approval sequence is the final approver.
C) You can create multiple approvers for the same manager.
D) The alternate approver must be a part of the regular plan hierarchy.


4. As an implementation consultant, you have defined a total compensation statement. From a security perspective, you are required to identify a key user who will have access to view the total compensation statement.
Which role is mandatory to view the compensation statement? (Choose the best answer.)

A) Compensation Analyst
B) Compensation Manager
C) Compensation Executive
D) Compensation Specialist


5. Which three tasks are part of Plan Foundation Configuration Options? (Choosethree.)

A) Plan Access
B) Plan Currency
C) Alerts
D) Components
E) Feedback Survey


Solutions:

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

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