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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Topic 2: Compensation Setup and Configuration | - Manage Compensation Plans - Eligibility Profiles - Salary Basis and Grades |
| Topic 3: Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
| Topic 4: Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Topic 5: Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
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 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.
- B. The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
- C. 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.
Correct Answer: C 🗳️
A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?
- A. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
- B. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
- C. No new Grade rate can be created.
- D. A new Grade rate can be created and the Salary basis can be modified to include it.
Correct Answer: A 🗳️
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?
- A. Leave of Absence
- B. Allocation exceeding target
- C. Any custom alert
- D. Employee termination
Correct Answer: D 🗳️
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 🗳️
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. Provisional
- B. Eligible
- C. Ineligible
- D. Limited
- E. Restricted
Correct Answer: E 🗳️
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