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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Setup and Configuration | - Eligibility Profiles - Manage Compensation Plans - Salary Basis and Grades |
| Topic 2: Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Topic 3: Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
| Topic 4: Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
| Topic 5: Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
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. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
- B. 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.
- C. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
- D. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
Correct Answer: C 🗳️
Identify the three correct statements for an alternate approver hierarchy.
- A. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
- B. The alternate approver must be a part of the regular plan hierarchy.
- C. You can create multiple approvers for the same manager.
- D. The highest Approval sequence is the final approver.
Correct Answer: A,C,D 🗳️
A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?
- A. Set up different salary bases for different grades with the same payroll element. The frequency
of both salary basis and grade rate need not match. - B. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
- C. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
- D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.
Correct Answer: A 🗳️
You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?
- A. Feedback survey
- B. Sending Compensation alerts
- C. Plan access
- D. Allocating budgets
- E. Approval routing
Correct Answer: A,E 🗳️
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 a component linked to the budget pool (Configure Compensation Components)
- B. Configure related components (Configure Worksheet Page Layout: Detail Table tab)
- C. Enable Components and create at least one component (Configure Compensation Component)
- D. Enable the Communication tab type (Configure Worksheet Page Layout)
Correct Answer: C 🗳️
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