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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.

A) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
B) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
C) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.
D) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.

2. The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?

A) Use compensation performance ratings.
B) Integrate with Oracle Fusion Goal Management.
C) Integrate with Oracle Fusion Performance Management.
D) Use both Performance Management ratings and compensation ratings.
E) Integrate with Oracle Fusion Profile Management.

3. 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 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.
B) 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.
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 should match.
D) 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.

4. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) To the current compensation plan and the Performance Management system
B) Only within the current compensation plan and all cycles associated with it
C) Only within the current compensation plan and the current cycle
D) To the current compensation plan and HR system

5. 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) Market adjustment due to salary being out of line with the market
B) Regular and automatic adjustment
C) Adjustment due to corrections within the organization
D) Equity adjustment to correct salary compression or inversion

Solutions: