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Oracle Fusion Cloud Applications HCM Foundations Associate - Rel 1 Sample Questions (Q24-Q29):

NEW QUESTION # 24
How does the Workforce Plan to Budget OMBP assist organizations in optimizing their resource allocation?

A. By forecasting talent needs and associated costs, aligning them with the organization's financial goals, and translating talent requirements into a budget.
B. By creating a comprehensive workforce plan, identifying talent gaps, developing succession plans, and defining training needs.
C. By analyzing market trends, competitor data, and industry benchmarks to inform talent acquisition and retention strategies.

Answer: A

Explanation:
Comprehensive and Detailed Explanation:TheWorkforce Plan to Budget OMBPallows organizations to align workforce planning with financial strategies to optimize resource allocation.
* Forecasting Talent Needs:Identifies short-term and long-term hiring requirements based on business growth projections.
* Cost Management:Helps organizations balance workforce expansion with budget constraints to avoid over-hiring or under-utilization of funds.
* Strategic Workforce Planning:Translates hiring requirements into a structured budget to ensure efficient allocation of financial resources.
References:Oracle Fusion Cloud HCM - Workforce Planning and Budgeting Guide.

NEW QUESTION # 25
Which two metrics effectively evaluate the Benefits to Coverage OMBP in Oracle Fusion Cloud HCM?

A. Benefits Enrollment Ratio, measures the proportion of eligible employees enrolling in benefits plans.
B. Deduction Accuracy Rate, assesses the precision of payroll deductions for benefits, ensuring correct calculations.
C. Provider Network Size, analyzes the variety of benefits providers available to employees.
D. Time to Process Claims, tracks the duration taken to process and approve benefits claims.

Answer: B,D

Explanation:
Comprehensive and Detailed Explanation:TheBenefits to Coverage Objective Measurement and Benchmarking Practice (OMBPs)in Oracle Fusion Cloud HCM help organizations assess the efficiency and effectiveness of their benefits administration processes. The two most crucial metrics are:
* Time to Process Claims:Measures the average time taken for processing benefits claims. A shorter processing time indicates an efficient benefits system that ensures employee satisfaction.
* Deduction Accuracy Rate:Evaluates payroll deductions' precision for employee benefits. Inaccuracies can lead to compliance issues, employee dissatisfaction, and payroll errors.
References:Oracle Fusion Cloud HCM - Benefits Administration and Payroll Integration Guide.

NEW QUESTION # 26
Which three are key capabilities of Oracle Cloud Success Navigator?

A. It offers guidance for continuous innovation.
B. It offers preconfigured starter environments.
C. It is a source of online product documentation.
D. It provides guidance for implementation.
E. It is a place to renew your Oracle Cloud Service subscriptions.

Answer: A,B,D

Explanation:
Comprehensive and Detailed Explanation:TheOracle Cloud Success Navigatorprovides various tools and resources to help organizations make the most of their Oracle Cloud investment. Its key capabilities include:
* Guidance for Continuous Innovation:Helps organizations stay up to date with Oracle Cloud features and improvements.
* Implementation Guidance:Provides structured support to streamline the deployment of Oracle Cloud solutions.
* Preconfigured Starter Environments:Offers ready-to-use configurations that simplify adoption and implementation.
References:Oracle Cloud Success Navigator Documentation - Key Capabilities.

NEW QUESTION # 27
How does the Time to Hire metric contribute to the Attract Talent to Onboard New Hires OMBP, and what is its key benefit?

A. It uses historical data to forecast the future performance of new hires, aiding in talent retention.
B. It measures the average time taken from the initial job offer to the candidate's acceptance, providing insights into the efficiency of the hiring process.
C. It measures the average time from when a job is posted until the first candidate applies, providing insight into the efficiency of the recruiting process.

Answer: B

Explanation:
Comprehensive and Detailed Explanation:TheTime to Hiremetric in theAttract Talent to Onboard New Hires OMBPassesses the efficiency of the recruitment cycle by tracking the time elapsed between extending a job offer and candidate acceptance.
* Process Optimization:Helps organizations refine hiring strategies to reduce delays in the recruitment process.
* Candidate Experience:A shorter time to hire enhances the candidate's perception of the company, improving the likelihood of offer acceptance.
* Operational Efficiency:Identifies bottlenecks in the hiring process and enables HR teams to make data- driven improvements.
References:Oracle Fusion Cloud HCM - Talent Acquisition and Recruiting Metrics Guide.

NEW QUESTION # 28
Which work area provides the Benefits Administrator the ability to view a participant's real-time enrollment summary information?

A. Plan Configuration is used for setting up and configuring benefit plans.
B. Benefits Service Center is used for managing and viewing participant data.
C. Evaluation and Reporting is used for analyzing and reporting benefit plan data.
D. Benefits Extracts is used for extracting benefit data for integration with other systems.

Answer: B

Explanation:
Comprehensive and Detailed Explanation:TheBenefits Service Centeris the primary work area for Benefits Administrators to manage and monitor participant data in real-time.
* Real-Time Enrollment Monitoring:Administrators can view an employee's current benefit enrollment details.
* Data Accuracy & Compliance:Ensures that benefit records are up to date and comply with organizational policies.
* Seamless Administration:Provides a centralized platform for HR teams to manage benefits efficiently.
References:Oracle Fusion Cloud HCM - Benefits Administration Guide.

NEW QUESTION # 29
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