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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 Compensation history.
Identify the three correct options regarding the various compensations shown in the history.

A) Compensation history displays six categories of compensation.
B) Compensation history shows one-time payments in other compensation and allowances paid regularly in recurring payments.
C) Compensation history automatically retrieves salary and stock-related information. The Recurring payments and other categories have to be added manually.
D) The summary in the compensation history shows the data for only five years.

2. 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 Compensation Statement Plan with cross-references to compensation awarded in each plan.
D) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.

3. 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) AssignmentTables
C) Person Attributes
D) Compensation History

4. Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

A) Employment-based eligibility criteria using hire date
B) Employment-based-eligibility-criteria using length of service
C) User-defined-criteria-based eligibility profile using hire date
D) Derived-factor-based eligibility criteria using length of service

5. A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
B) Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
C) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.

Solutions: