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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Workflows and Approvals | - Workflow Configuration - Approval Rules |
| Topic 2: Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
| Topic 3: Salary and Bonus Management | - Bonus and Incentive Plans - Salary Administration |
| Topic 4: Compensation Setup and Configuration | - Eligibility Profiles - Salary Basis and Grades - Manage Compensation Plans |
| Topic 5: Reporting and Analysis | - Compensation Reporting - Analytics in Fusion HCM Compensation |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While configuring theBudget page, which five tabs are available in Page Layout?
- A. Budgeting
- B. Detail table
- C. Worker List
- D. Information
- E. Actions
- F. Summary
- G. Comments
The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?
- A. The published amount stay with the manager when workers are reassigned or their eligibility changes.
- B. The published budget is always a percentage of the total budget pool.
- C. The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
- D. The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
Identify the three correct statements for an alternate approver hierarchy.
- A. The alternate approver must be a part of the regular plan hierarchy.
- B. You can create multiple approvers for the same manager.
- C. By defining alternate approvers, you replace the standard approval hierarchy for a manager with a new set or sequence of approvers.
- D. The highest Approval sequence is the final approver.
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. The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
- 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. Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
- D. Set up a salary basis and restrict the eligibility to the required roles.
A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?
- A. The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
- B. After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
- C. A new Grade rate can be created and the Salary basis can be modified to include it.
- D. No new Grade rate can be created.
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