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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Workflows and Approvals | - Workflow Configuration - Approval Rules |
| Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
| Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
| Reporting and Analysis | - Compensation Reporting - Analytics in Fusion HCM Compensation |
| Compensation Setup and Configuration | - Salary Basis and Grades - Manage Compensation Plans - Eligibility Profiles |
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) This cannot be done once the population is finalized and the compensation cycle is started.
C) Use the Advanced Filter option in the worksheet to create a custom condition.
D) Use the sort feature in the worksheet to control this.
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) 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.
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) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
3. 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 Compensation Models
B) It is not possible to achieve this, because only the delivered salary component can be used
C) The Configure Compensation Component task Manager plans
D) The Salary Component Lookup
4. When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?
A) Reject
B) Reply
C) Dismiss
D) Accept
5. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?
A) Use both Performance Management ratings and compensation ratings.
B) Integrate with Oracle Fusion Profile Management.
C) Use compensation performance ratings.
D) Integrate with Oracle Fusion Goal Management.
E) Integrate with Oracle Fusion Performance Management.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A,B,C |



