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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1
As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A. Compensation items are added to a compensation category to include them in statements.
B. Compensation items are the foundation upon which the Compensation Statement is built.
C. Compensation items cannot be used across statement definitions.
D. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
E. Compensation items can be added to statement definitions directly.

Question #2
Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
B. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
C. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
D. This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.

Question #3
Which five tasks can be performed by a compensation manager?

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

Question #4
A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A. The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.
B. All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
C. Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
D. The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.

Question #5
An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

A. Compensation Administrator
B. HR Specialist
C. Compensation Manager
D. Line Manager

Solutions: