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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Total Compensation Statements | - Statement Definitions |
| Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.
- A. Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
- B. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
- C. Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
- D. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
- E. Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
Correct Answer: D 🗳️
You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?
- A. Plan Access
- B. Feedback Survey
- C. Components
- D. Alerts
- E. Plan Currency
Correct Answer: A,B,E 🗳️
ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?
- A. Salary Component
- B. Plan Access
- C. Plan Eligibility
- D. Budget Pools
- E. Action and Action Reasons
Correct Answer: A 🗳️
A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.
- A. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
- B. The summary in the compensation history shows the data for only five years.
- C. Compensation history displays six categories of compensation.
- D. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
Correct Answer: A,B,C 🗳️
Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?
- A. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
- B. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
- C. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
- D. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
Correct Answer: A,B,C 🗳️
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