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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
B) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
C) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.
D) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.

2. Which two tasks are true about components in worksheet configurations?

A) Each component has to be of a separate type, such as salary or bonus.
B) Plans must have at least one component if awarding compensation.
C) You can create up to five components to represent the different types of compensation that you want to award within a plan.
D) There is the flexibility to add any number of components within a compensation plan.

3. While configuring the Budget page, you are setting the properties of the job column.
Which two sections are available in the properties for the job column?

A) Information
B) General
C) Legal Employee
D) Default Value

4. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
B) Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
C) Set up a salary basis and restrict the eligibility to the required roles.
D) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

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

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

Solutions: