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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) Control the population by using eligibility profiles.
B) Use the sort feature in the worksheet to control this.
C) Use the Advanced Filter option in the worksheet to create a custom condition.
D) This cannot be done once the population is finalized and the compensation cycle is started.

2. A Corporation has implemented Oracle Fusion Compensation for a manufacturing client. Per the business requirements, the Fusion consultant must integrate Oracle Fusion Compensation with Oracle Fusion Benefits to fetch the value of Benefits Amount as one of the input values for the Benefit element to get the eligible salary of the employee for the compensation process.
Identify the option that will enable the fetching of Benefits Amount.

A) Select "Pay Separately" as the "Special Purpose" option.
B) Create an "Amount" input value at the element eligibility link level.
C) Database items are created by default for the element input values.
D) Select the "Allow User Entry" and "Create a Database Item" check boxes for the element input value.

3. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
B) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
C) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
D) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.

4. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
B) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
C) The published budget is always a percentage of the total budget pool.
D) The published amount stay with the manager when workers are reassigned or their eligibility changes.

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

Solutions: