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Updated: Nov 06, 2026

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Oracle 1Z0-1049-21 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Compensation Cloud 2021 Implementation Essentials
Exam Number:1Z0-1049-21
Exam Format:Multiple Choice Questions (MCQ)
Exam Price:USD $245
Exam Duration:90 minutes
Passing Score:66%
Real Exam Qty:55
Available Languages:English
Related Certifications:Oracle Compensation Cloud 2021 Certified Implementation Specialist
Sample Questions:Oracle 1Z0-1049-21 Sample Questions
Exam Way:Pearson VUE test center or Oracle online proctored exam.
Pre Condition:No formal prerequisite exam required. Oracle recommends hands-on experience with Oracle Compensation Cloud and Oracle HCM Cloud implementations.
Official Syllabus URL:https://education.oracle.com

Oracle 1Z0-1049-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Individual Compensation- Awards and Compensation Management
  • 1. Awards and Spot Bonuses
  • 2. Individual Compensation Plans
  • 3. Compensation History
Topic 2: Compensation Analytics and Reporting- Reporting and Analysis
  • 1. Audit and Monitoring
  • 2. Workforce Compensation Reports
  • 3. Compensation Analytics
Topic 3: Workforce Compensation Plans- Plan Configuration
  • 1. Worksheet Configuration
  • 2. Budget Setup
  • 3. Plan Access
  • 4. Column and Component Design
Topic 4: Base Pay- Salary Administration
  • 1. Manage Base Pay
  • 2. Salary Components
  • 3. Grade Rates
  • 4. Salary Basis
  • 5. Compensation Zones
Topic 5: Workforce Compensation Processing- Compensation Cycle Management
  • 1. Compensation Processes
  • 2. Batch Processes
  • 3. Plan Validation
  • 4. Refresh and Publish Data
Topic 6: Compensation Foundation- Compensation Components Setup
  • 1. Compensation Categories
  • 2. Compensation Objects
  • 3. Eligibility Profiles
Topic 7: Compensation Statements- Statement Configuration
  • 1. Display Components
  • 2. Statement Definitions
  • 3. Generate Compensation Statements

Oracle Compensation Cloud 2021 Implementation Essentials Sample Questions:

Question #1

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. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
  • B. Employee X does not appear on any manager's sheet, because he will not be evaluated by thecompensation plan.
  • C. Manager Z, because this is the current manager to whom Employee X is reporting.
  • D. Manager Y, because this is the original manager of Employee X.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharingbonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario? (Choose the best answer.)

  • A. More than one administrator might be using the item and, therefore, it cannot be deleted.
  • B. The item cannot be deleted,because it is attached to a category.
  • C. Before deleting the item, you must configure a zerovalue behavior for the item.
  • D. The above scenario does not stand true as the item can be deleted.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

What is the relationship between Net Pay and Earnings? (Choose the best answer.)

  • A. Net Pay is a calculated balance that is standard earnings minus all the deductions calculated for the run.
  • B. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the deductions calculated for the run.
  • C. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings for the run.
  • D. Net Pay is a calculated balance that is the sum of standard earnings and supplemental earnings minus all the non-voluntary deductions calculated for the run.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #4

As compensation manager, you are generating a total compensation statement for a corporation. Which two options are mandatory to be used as inputs while generating the total compensation statement? (Choose two.)

  • A. Statement Period
  • B. Statement Definition Name
  • C. Legal Employer
  • D. Compensation Category
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Question #5

Your customer is planning to configure an Individual Compensation Company Car Plan to include only the Sales department employees. The customer alsowants to restrict luxury model vehicles to executive positions.
Which three statements are true about accomplishing this? (Choose three.)

  • A. You can attach eligibility profiles with Plan, Option, or both.
  • B. Createan eligibility profile to include the executive positions and attach it to the Luxury models option.
  • C. Createan eligibility profile to include executive positions and attach it to Company Car Plan.
  • D. You cannot achieve this because you cannot attach eligibility profiles with Plan and Option.
  • E. Create an eligibility profile to include the Sales department and the executive positions and attach it to Company Car Plan and the Luxury models option.
  • F. Create an eligibility profile to include only the Sales department and attach it to Company Car Plan.
Reveal Solution  Discussion  0

Correct Answer: C,E,F  🗳️

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