Oracle 1Z0-1049-20 Exam: Tips and Exam Objectives
Oracle 1Z0-1049-20 is an Oracle Compensation Cloud 2022 Implementation Professional exam that is designed to test your knowledge and skills related to implementing and configuring compensation plans using Oracle Compensation Cloud. The exam is intended for professionals who have a good understanding of compensation management and are interested in becoming Oracle Compensation Cloud 2022 Certified Implementation Specialists.
Exam Objectives:
The exam focuses on six main topics:
- Compensation Plan Administration
- Base Pay
- Incentive Compensation
- Compensation Statements
- Configuration
- Integration
Each of these topics is further broken down into specific objectives that you will need to know in order to pass the exam. Here is a breakdown of the main objectives:
Compensation Plan Administration:
- Create a compensation plan
- Configure a compensation plan
- Manage compensation plan participants
- Manage compensation plan budgets
Base Pay:
- Configure base pay components
- Configure base pay programs
- Configure base pay rates and rules
- Manage base pay adjustments
Incentive Compensation:
- Configure incentive compensation components
- Configure incentive compensation programs
- Configure incentive compensation rules and rates
- Manage incentive compensation adjustments
Compensation Statements:
- Configure compensation statements
- Generate compensation statements
- Manage compensation statement history
Configuration:
- Configure compensation components and programs
- Configure organization-specific compensation settings
- Configure compensation workflows
Integration:
- Configure data exchange with external systems
- Configure and use web services
- Configure and use Oracle HCM Cloud REST APIs
Exam Details:
The Oracle 1Z0-1049-20 exam is a computer-based test that is administered by Pearson VUE. The exam consists of 70 multiple-choice questions that need to be completed within 105 minutes. The passing score for the exam is 63%, which means you need to answer at least 44 questions correctly to pass. The exam is available in English and Japanese languages. The cost of the exam is $245.
You can take the exam online or in-person. The online exam can be taken from anywhere with a reliable internet connection, a webcam, and a microphone. The in-person exam can be taken at a Pearson VUE testing center. You need to create an account with Pearson VUE and schedule the exam in advance.
Related Books:
There are several books available that can help you prepare for the Oracle 1Z0-1049-20 exam. Here are some of the most popular books:
- Oracle Compensation Workbench: User's Guide by Oracle Corporation
- Oracle Fusion Applications Administration Essentials by Floyd Teter
- Oracle HCM Cloud: Enterprise and Workforce Management by Aaron Engelsrud
In addition to these books, there are also online resources, such as Oracle's official documentation, forums, and practice tests that can help you prepare for the exam. It is recommended that you review the exam objectives and use a combination of study materials to cover all the topics thoroughly.
When studying for the exam, it is also important to get hands-on experience with Oracle Compensation Cloud. You can sign up for a free trial of Oracle Cloud and practice implementing and configuring compensation plans in a test environment.
Finally, on the day of the exam, be sure to read the questions carefully and take your time to think through each answer before making your selection. If you are unsure about an answer, you can mark it for review and come back to it later. Don't forget to manage your time effectively, and don't spend too much time on any one question.
In conclusion, passing the Oracle 1Z0-1049-20 exam requires a solid understanding of compensation plan administration, base pay, incentive compensation, compensation statements, configuration, and integration. With thorough preparation and practice, you can become an Oracle Compensation Cloud 2022 Certified Implementation Specialist and demonstrate your expertise in this field.