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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

Your client's eligibility criteria requiresyou to create user-defined criteria. While creating, you realize that certain fields are available to you. Upon researching you find out that only fields from the following two records and for fields that do not belong to these records fast formula is required.
Which are those two records?

A. Legislative Information
B. Person Attributes
C. AssignmentTables
D. Compensation History

Question 2

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. Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
D. Allocate compensation.
E. Determine compensation amounts offline by downloading details to a spreadsheet.
F. Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.

Question 3

As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A. Compensation items with sources belonging to different legal employers cannot be added.
B. The statement definition consists of compensation items added to compensation categories.
C. Edits to compensation categories affect all statement definitions that use that category.
D. Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.
E. The statement definition acts as a template and determines the layout and content of the generated statement.
F. Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.

Question 4

ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A. Budget Pools
B. Action and Action Reasons
C. Plan Access
D. Salary Component
E. Plan Eligibility

Question 5

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.

Solutions: