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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Setup and Configuration | - Salary Basis and Grades - Eligibility Profiles - Manage Compensation Plans |
| Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Salary and Bonus Management | - Bonus and Incentive Plans - Salary Administration |
| Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
| Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?
- A. Sending Compensation alerts
- B. Feedback survey
- C. Allocating budgets
- D. Approval routing
- E. Plan access
Correct Answer: B,D 🗳️
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?
- A. Allocation exceeding target
- B. Employee termination
- C. Any custom alert
- D. Leave of Absence
Correct Answer: B 🗳️
Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.
- A. Ineligible
- B. Limited
- C. Provisional
- D. Eligible
- E. Restricted
Correct Answer: E 🗳️
A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.
- A. Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
- B. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
- C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
- D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
Correct Answer: B 🗳️
Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?
- A. It is not possible to achieve this, because only the delivered salary component can be used
- B. The Compensation Models
- C. The Configure Compensation Component task Manager plans
- D. The Salary Component Lookup
Correct Answer: A 🗳️
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