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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

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

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

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

3. A corporation implemented oracle Fusion Compensation. The Fusion Consultant followed the approach of Fusion Fast Formula instead of using Dynamic calculation in the Compensation Plan.
Which three statements are true about Fusion Fast Formula?

A) Compensation default and override formula types default the value of a column of Workforce Compensation Plan.
B) Use Fast Formulas instead of existing application code to obtain non-standard results.
C) "Working Storage Area" is not one of the components of Fusion Fast Formula.
D) Fast Formulas support the business need when existing rules and parameters are adequate.
E) Compensation start date and Compensation end date are individual Compensation Plan Formula types.

4. 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

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 a salary basis and restrict the eligibility to the required roles.
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) 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: