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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Salary and Bonus Management | - Bonus and Incentive Plans - Salary Administration |
| Topic 2: Compensation Setup and Configuration | - Manage Compensation Plans - Salary Basis and Grades - Eligibility Profiles |
| Topic 3: Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Topic 4: Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Topic 5: Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?
- A. Enable Components and create at least one component (Configure Compensation Component)
- B. Configure related components (Configure Worksheet Page Layout: Detail Table tab)
- C. Enable the Communication tab type (Configure Worksheet Page Layout)
- D. Enable components and create a component linked to the budget pool (Configure Compensation Components)
Correct Answer: A 🗳️
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 automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
- B. The summary in the compensation history shows the data for only five years.
- C. Compensation history displays six categories of compensation.
- D. Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
Correct Answer: B,C,D 🗳️
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. It is not possible to achieve this, because only the delivered salary component can be used
- B. The Salary Component Lookup
- C. The Compensation Models
- D. The Configure Compensation Component task Manager plans
Correct Answer: A 🗳️
A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?
- A. Adjustment due to corrections within the organization
- B. Regular and automatic adjustment
- C. Market adjustment due to salary being out of line with the market
- D. Equity adjustment to correct salary compression or inversion
Correct Answer: A,B,C 🗳️
While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?
- A. Level of detail
- B. Category Detail
- C. Contribution Type and Unit of Measure
- D. Category Type
- E. Compensation Items
- F. Statement definitions
Correct Answer: A,C,E 🗳️
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