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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.

A) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
B) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
C) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
D) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

2. Identify the three correct statements for an alternate approver hierarchy.

A) The highest Approval sequence is the final approver.
B) You can create multiple approvers for the same manager.
C) By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
D) The alternate approver must be a part of the regular plan hierarchy.

3. Which three dates are mandatory while creating plan cycles?

A) HR Data Extraction Date
B) Default Due Date
C) Evaluation Period Start Date
D) Plan Access Start Date
E) Worksheet Update Period Start Date

4. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Approval routing
B) Feedback survey
C) Plan access
D) Allocating budgets
E) Sending Compensation alerts

5. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
B) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
C) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.

Solutions: