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Oracle Cloud - Implementing Workforce Compensation > Implementation Guide - Personal Study Guide > Flashcards

Implementation Guide - Personal Study Guide Flashcards

1
Q

Which six functional areas are part of the Compensation Management?

A 
Base Pay
Grade Step Progression
Individual Compensation
Workforce Compensation
Total Compensation Statement
Market Data
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2
Q

Name the function area based on this description:

Collect and store salary information and pass it to payroll for processing. Also set up salary ranges and metrics to help managers and HR specialists follow organizational policies when proposing and approving salary changes. For example, a manager reviewing the salary
information for a promotion sees that the salary is just below the midpoint of the person’s grade rate. The person is a high performer, so the manager decides to increase the salary change to be above the midpoint.

A

Base Pay

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3
Q

Name the function area based on this description:

Automate people’s progression through grade ladders according to eligibility criteria and rules that reflect your progression policies. Also propose a new salary amount for the progression, or
even automatically update the salary amount. For example, automatically promote someone to the next step of a progression grade ladder after 1 year when their performance rates 4 or
higher.

A

Grade Step Progression

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4
Q

Name the function area based on this description:

Design compensation plans that let managers and HR specialists allocate off-cycle compensation to individuals, such as bonuses, tuition reimbursement, or allowances. Also design plans that let individuals contribute to charities or savings plans. And, identify the compensation awards that individuals can see in their compensation history.

A

Individual Compensation

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5
Q

Name the function area based on this description:

Create compensation plans and cycles used for compensating a group of workers. Configure the type of compensation allocated, the information displayed to managers, and whether
budgeting is used. Also configure eligibility criteria for the plan or component, and the approval hierarchy.

A

Workforce Compensation

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6
Q

Name the function area based on this description:

Design and deliver statements for individuals that can include traditional forms of pay, such as
salary and individual compensation awards. You can also include nontraditional forms of pay,
such as fringe benefits, cost of benefits, and paid time off.

A

Total Compensation Statements

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7
Q

Name the function area based on this description:

Analyze compensation survey data, including key metrics, such as percentiles and deciles, survey jobs, survey job structures, and other survey attributes.

A

Market Data

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8
Q

What items can be assigned to Eligibility Profiles, but must be create first before associated?

A

Eligibility Criteria
User-Defined Criteria
Derived Factors

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9
Q

What do you have, when you add an eligibility criterion to a profile, you define how to use it to determine eligibility?

A

Eligibility Profile

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10
Q

There are several objects that use Eligibility Profiles, but there are three that only can be attached to one profile. Name the three.

A

Variable rate or variable coverage profile
Checklist task
Total compensation statement

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11
Q

There are several objects that use Eligibility Profiles. There are five objects that more than one can be attached to an Eligibility Profile, name them.

A 
Benefits object
Compensation object
Performance documents
Goal plans or goal mass assignments
Absence plan
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12
Q

Name the Object that uses an eligibility profile based on this define purpose:

Establish the criteria required to qualify for that rate or coverage

A

Variable rate or variable coverage profile

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13
Q

Name the Object that uses an eligibility profile based on this define purpose:

Control whether that task appears in an
allocated checklist

A

Checklist task

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14
Q

Name the Object that uses an eligibility profile based on this define purpose:

Apply additional eligibility criteria
after statement generation population
parameters

A

Total compensation statement

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15
Q

Name the Object that uses an eligibility profile based on this define purpose:

Establish the eligibility criteria for specific
programs, plans, and options

A

Benefits object

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16
Q

Name the Object that uses an eligibility profile based on this define purpose:

Establish the eligibility for specific plans
and options

A

Compensation object

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17
Q

Name the Object that uses an eligibility profile based on this define purpose:

Establish the eligibility for performance
documents

A

Performance documents

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18
Q

Name the Object that uses an eligibility profile based on this define purpose:

Establish eligibility for the goal

A

Goal plans or goal mass assignments

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19
Q

Name the Object that uses an eligibility profile based on this define purpose:

Determine the workers who are eligible
to record an absence that belongs to that
plan

A

Absence plan

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20
Q

If you are not using/implementing Oracle Global Payroll, what do you use to create payroll elements for Compensation and HR Management?

A

The Define Elements, Balances, and Formulas task list

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21
Q

If you’re using Oracle Global Payroll, use the _________________.

A

Define Payroll task list

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22
Q

Why use the Define Payroll task list, when creating payroll elements, instead of the Define Elements, Balance, and Formulas task list?

A

The Define Payroll task list includes

additional tasks required to set up payroll processing.

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23
Q

If you use predefined Payroll Interface extracts to transfer data to a third-party payroll provider, you may need to create additional objects. Name them.

A

element subclassifications
balances
organization payment methods
object groups

24
Q

What are the required tasks, when creating payroll elements for compensation and HR management?

A

Manage Elements
Manage Payroll Definitions
Manage Consolidation Groups

25
Q

What required task is needed to support elements?

A

Manage Payroll Definitions

26
Q

What required task is needed to create payroll definitions?

A

Manage Consolidation Groups

27
Q

In what two offerings, can the Define Elements, Balances and Formulas task list be found?

A

Workforce Deployment and Compensation Management

28
Q

Before you start the required payroll tasks, what three tasks should be completed in the Workforce Deployment and Compensation Management offerings first?

A

Manage Legal Entities
Manage Legal Entity HCM Information
Manage Features by Country or Territory

29
Q

The task, Manage Legal Entities, is used to _______________.

A

Create payroll statutory units.

30
Q

The task, Manage Legal Entity HCM Information, is used to _______________.

A

Associate a legislative data group with

each payroll statutory unit.

31
Q

The task, Manage Features by Country or Territory, is used to _______________.

A

Select Payroll Interface as the extension for any countries or territories where you extract HR data to send to a third-party payroll provider.

32
Q

Why is it important to complete the task, Manage Legal Entities, prior to the Define Elements, Balances, and Formulas task list?

A

Ensures that hiring employees automatically creates payroll relationship records.

33
Q

Why is it important to complete the task, Manage Legal Entity HCM Information, prior to the Define Elements, Balances, and Formulas task list?

A

Ensures that hiring employees automatically creates payroll relationship records.

34
Q

Why is it important to complete the task, Manage Features by Country or Territory, prior to the Define Elements, Balances, and Formulas task list?

A

Ensures that you use the appropriate element templates to create earnings.

35
Q

What is the element purpose of the source application, Compensation?

A
  • Earnings and deduction elements, such as bonuses, overtime earnings, and voluntary deductions.
  • Information elements to load user-defined data to use during a workforce compensation cycle.
36
Q

What is the element purpose of the source application, Benefits?

A

• Deduction elements to record activity rate calculation results, such
as:
◦ Employee contributions and employer distributions for medical options
◦ Flex credits for flex benefits
• Earnings elements if you want to disburse unused credits as cash.

37
Q

What is the element purpose of the source application, Time and Labor?

A

Earnings elements with input value of

Hours.

38
Q

What is the element purpose of the source application, Absence Management?

A

Earnings elements with input value of

Hours.

39
Q

What does the Configure Legislations for Human Resources task ?

A

create and edit legislative data for a country or territory that doesn’t have a predefined country
extension. It guides you through configuring some payroll objects and values required for creating elements, including:

  • Tax year start date
  • Period of service on rehire rules
  • Default currency
  • Element classifications
  • Component groups
  • Payment types
40
Q

What four source applications have elements under Manage Elements that can communicate payment and distribution information information to payroll application from the source applications?

A
  • Compensation
  • Benefits
  • Time and Labor
  • Absence Management
41
Q

Which applications have payroll definitions that can be defined under Manage Payroll Definitions?

A
  • Global Payroll Interface
  • Compensation
  • Benefits
  • Time and Labor
  • Absence Management
42
Q

Which applications have payroll definitions that must be defined under Manage Payroll Definitions?

A
  • Global Payroll Interface

* Compensation

43
Q

Which applications have payroll definitions that can optionally (or is not required) be defined under Manage Payroll Definitions?

A

• Benefits (Optional)

      Required to use the payroll period frequency to calculate communicated rates or values passed to payroll.

• Time and Labor (Optional)

      Required to pass time entries to payroll calculation cards for payroll processing or for extract to a third-party payroll application.

• Absence Management (Not required)

      N/A
44
Q

How many consolidation groups should you have when implementing Workforce Compensation?

A

There should be at least one consolidation group for each legislative data group, where you create elements. (Payroll definitions require a consolidation group.)

45
Q

What are the requirements of the Payroll-Related Setup Task:

Manage Organization Payment Methods

A

If you want to record personal payment methods for your employees, you must create organization payment methods and associate them with your payroll definitions. Organization payment methods define the combination of payment type and currency to use for payments to employees or external parties.

46
Q

What are the requirements of the Payroll-Related Setup Task:

Manage Element Classifications

A

Primary element classifications are predefined. If you run the Calculate Gross Earnings process (provided with Global Payroll Interface), you might create sub-classifications to feed user defined balances.

47
Q

What are the requirements of the Payroll-Related Setup Task:

Manage Fast Formulas

A

You can write formulas for a number of uses, including:
• Validating user entries into element input values
• Configuring compensation, benefit, and accrual plan rules
• Calculating periodic values for gross earnings and defining element skip rules for the Calculate Gross Earnings process (provided with Global Payroll Interface)

48
Q

What are the requirements of the Payroll-Related Setup Task:

Manage Balance Definitions

A

If you’re using Global Payroll Interface, creating earnings elements creates balances automatically. You can edit these generated balance definitions.

If you’re using the Calculate Gross Earnings process, you may want to create additional balances for extracts or reporting.

49
Q

What are the requirements of the Payroll-Related Setup Task:

Manage Object Groups

A

You can create object groups to specify subsets of elements or payroll relationships to include in a report or process, such as the Calculate Gross Earnings process.

50
Q

What compensation types do you typically use elements for when configuring?

A
  • Recurring base pay, such as annual salaries and hourly earnings
  • Recurring plan payments, such as an allowance
  • Nonrecurring plan payments, such as a bonus
  • Recurring and nonrecurring stock grants. Stocks awarded by individual and workforce compensation plans use element entries. Stocks loaded from third-party suppliers using the Stock Grants task don’t use element entries.
  • Recurring and nonrecurring storage of nonmonetary information, such as durations or points
  • Recurring voluntary deductions, such as savings plans or charitable contributions
  • Nonrecurring voluntary deductions, such as a onetime charitable contribution
51
Q

You can define US legislative data group (LDG) elements for salary bases as well as _______________ and ____________ compensation plans.

A
  • individual

* workforce

52
Q

Describe Benefit Balance as a Compensation Item in a Total Compensation Statements

A

Compensation such as data obtained from a legacy compensation application entered as a one-time benefit balance.

53
Q

Describe Element Entry as a Compensation Item in a Total Compensation Statements

A

Compensation such as salary and bonus earnings retrieved from an element entry.

54
Q

Describe External Data as a Compensation Item in a Total Compensation Statements

A

Compensation such as data internal to the organization from another system, or data from a third party supplier.

55
Q

Describe Formula as a Compensation Item in a Total Compensation Statements

A

Create a formula to retrieve compensation information that isn’t stored in the other predefined source types.

56
Q

Describe Payroll Balance as a Compensation Item in a Total Compensation Statements

A

Compensation such as commissions or company paid taxes retrieved from payroll balance records

57
Q

Describe Salary as a Compensation Item in a Total Compensation Statements

A

Compensation such as Salary Basis or all Salary Bases from a particular LDG

Oracle Cloud - Implementing Workforce Compensation (3 decks)

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