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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) The Configure Compensation Component task Manager plans
B) The Salary Component Lookup
C) The Compensation Models
D) It is not possible to achieve this, because only the delivered salary component can be used

2. Which five tasks can be performed by a compensation manager?

A) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
B) Review and approve work of Superior Manager.
C) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
D) Allocate compensation.
E) Determine compensation amounts offline by downloading details to a spreadsheet.
F) Promote and rate worker performance while allocating compensation.

3. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Multiple payroll elements can be attached a salary basis.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
C) Payroll elements of any classification type can be attached to a salary basis.
D) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.

4. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A) Compensation Category
B) Compensation Statement Definition
C) Compensation Item
D) Compensation Source

5. 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) Restricted
B) Limited
C) Provisional
D) Ineligible
E) Eligible

Solutions: