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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Setup and Configuration | - Manage Compensation Plans - Eligibility Profiles - Salary Basis and Grades |
| Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
| Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
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. Default Value
- C. Legal Employee
- D. General
Correct Answer: A,D 🗳️
A corporation is implementing Oracle Fusion Compensation Management and needs to set up Compensation history.
Identify the three correct options regarding the various compensations shown in the history.
- A. Compensation history displays six categories of compensation.
- B. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
- C. Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
- D. The summary in the compensation history shows the data for only five years.
Correct Answer: A,B,D 🗳️
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. No new Grade rate can be created.
- B. 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.
- C. A new Grade rate can be created and the Salary basis can be modified to include it.
- D. 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.
Correct Answer: B 🗳️
A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.
- A. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
- B. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
- C. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
- D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
Correct Answer: C 🗳️
Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?
- A. Initiate budgets automatically by using the Start Compensation Cycle process.
- B. Request excess budget allocation from the manager above him.
- C. Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
- D. Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
Correct Answer: A 🗳️
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