Exam (elaborations)
Oracle HCM Core HR Part 1 2023 updated
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Oracle HCM Core HR Part 1
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Oracle HCM: Core HR Part 1Human Capital Management (HCM) - correct answer set of practices related to people resource management
HCM Benefits - correct answer - Manage employee life cycle - Employee Self Service - Analytics and Reporting - Organization
Foundations of HCM - correct answer - Legal Entity - Legislative Data Groups - Assignments - Reference Datasets
Legal Entities - correct answer recognized party with rights and responsibilities given by legislation
Legislative Data Groups (LDG) - correct answer a means of partitioning payroll and related data
Additional information about LDGs - correct answer - at least one is required for each country where the
enterprise operates - each is associated with one or more payroll statutory units - create for each currency in which you pay workers
Assignments - correct answer provides information about a persons role such as a job, position, pay, compensation, managers, working hours and location
Reference Datasets - correct answer ability to organize/separate organizational data via SETIDs Data Efficiency - correct answer preserves a history of changes made to the attributes of some objects
Business Unit (BU) - correct answer a unit of an enterprise that performs one or many business functions that can be rolled up in a management hierarchy
Departments - correct answer an organization with one or more operational objectives or responsibilities that exists independently of its manager
Location - correct answer identifies physical addresses of a workforce structure, such as department or job
Cost Center - correct answer represents the smallest segment of an organization for which costs are collected and reported
Jobs - correct answer holds a specific job group where a worker would belong
Positions - correct answer holds a specific position group used by workers for their assignment and is segregated through business units
Salary Basis - correct answer establishes the duration for which a salary is quoted for example: hourly, monthly, or annually
Grades - correct answer records the level of compensation for workers (you can set up grade with or without grade steps)
Grade Rates - correct answer distinct increments of progression within a grade
Grade Ladders - correct answer ability to combine grades into grade ladders to group your grades or grades with steps in the sequence in which your workers typically progress, descries a worker eligible grades or grades with steps
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