Oracle Compensation Cloud 2024 Implementation Professional (1Z0-1049-24)

Course Description

Prepare to pass exam: Oracle Compensation Cloud 2024 Implementation Professional

The Oracle Compensation Cloud 2024 Implementation Professional certification is designed for Implementation Consultants and Administrators, Compensation Analysts who implement enterprise HCM solutions using Oracle Compensation Cloud. Individuals who earn this credential are skilled at and capable of configuring application tools, such as Base Pay, Individual Compensation, Workforce Compensation, and Total Compensation Statements.

If you have a valid Oracle Compensation Cloud Implementation Professional Certification, and your credential has not expired, you can maintain your certification by taking the corresponding shorter Delta exam.

To prepare for the Oracle Compensation Cloud 2024 Implementation Professional exam, focus on mastering compensation management principles, configuration, and integration with other Oracle HCM modules while gaining hands-on experience in setting up compensation plans. Utilize official documentation, training courses, and practice exams to reinforce your knowledge effectively.

Exam topics covered

Elements, Balances, and Formulas Overview

• Explain earnings and deduction elements

Setting Up Base Pay

• Explain salary basis
  
• Describe salary components
• Manage base pay
• Grade rates
• Manage salary range differentials
• Configure progression grade ladders
• Manage grade ladder groups
• Determine salary using the Progression processes
• Configure compensation zones

Configuring Individual Compensation

• Define individual compensation plans
  
• Define variable allocation approvals
• Configure compensation history
• Manage personal contributions
• Configure individual compensation

Configuring and Administering Workforce Compensation

• Define compensation plan design choices
  
• Explain compensation worksheets
• Manage models and budgets
• Manage and administer compensation plans
• Set up plan cycles
• Configure budget page layouts
• Configure performance ratings
• Implement approvals
• Administer compensation plans
• Configure plan access
• Manage compensation change statements

Generating Total Compensation Statements

• Explain total compensation statements
  
• Manage statement definitions
• Generate total compensation statements
• Configure compensation items
• Set up compensation categories

Validating Workforce Compensation Plans and Batch Processes

• Validate workforce compensation plans
  
• Implement compensation processes
• Execute related batch processes