Which statements are valid regarding the effective date in Oracle Fusion HCM?

The effective date in Oracle Fusion HCM is a crucial concept that allows organizations to track and maintain historical data effectively. When a specific effective date is assigned to a piece of information, it serves as a timestamp indicating when that data was relevant or put into action. This data can include employee records, compensation changes, job assignments, and so on.

The assertion that effective date enables organizations to maintain the history of data is accurate because it allows for a clear record of changes over time. For instance, if an employee's salary or job title changes, the effective date marks exactly when that change takes effect. This not only aids in maintaining accurate historical records but also assists in reporting and auditing processes, as past data can be referenced as it was at any given time, leading to better compliance with regulations and organizational policies.

This capability to maintain historical accuracy is essential in talent management and organizational decision-making, ensuring that all stakeholders have access to the right information at the right time. Ultimately, effective date features in Oracle Fusion HCM contribute towards better data integrity and operational efficiency within an organization.