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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Topic 2: Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
| Topic 3: Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Topic 4: Compensation Setup and Configuration | - Salary Basis and Grades - Manage Compensation Plans - Eligibility Profiles |
| Topic 5: Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?
- A. Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
- B. Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
- C. Active plans are always shown in read-only mode until the Worksheet update period starts.
- D. Active plans are always shown in read-only mode once it is past the eligibility determination date.
Correct Answer: C 🗳️
You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?
- A. Allocating budgets
- B. Approval routing
- C. Sending Compensation alerts
- D. Feedback survey
- E. Plan access
Correct Answer: B,D 🗳️
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?
- A. Use compensation performance ratings.
- B. Integrate with Oracle Fusion Profile Management.
- C. Integrate with Oracle Fusion Goal Management.
- D. Use both Performance Management ratings and compensation ratings.
- E. Integrate with Oracle Fusion Performance Management.
Correct Answer: A,B,D 🗳️
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?
- A. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
- B. Manager Y, because this is the original manager of Employee X
- C. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
- D. Manager Z, because this is the current manager to whom Employee X is reporting
Correct Answer: C 🗳️
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 Compensation Models
- C. It is not possible to achieve this, because only the delivered salary component can be used
- D. The Salary Component Lookup
Correct Answer: C 🗳️
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