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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Basics | - Compensation Plan Concepts - Salary and Compensation Components |
| Topic 2: Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Topic 3: Total Compensation Statements | - Statement Definitions |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While configuring theBudget page, which five tabs are available in Page Layout?
- A. Detail table
- B. Actions
- C. Summary
- D. Worker List
- E. Comments
- F. Information
- G. Budgeting
Correct Answer: A,B,D,F,G π³οΈ
ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?
- A. Plan Access
- B. Plan Eligibility
- C. Budget Pools
- D. Salary Component
- E. Action and Action Reasons
Correct Answer: D π³οΈ
Which five tasks can be performed by a compensation manager?
- A. Promote and rate worker performance while allocating compensation.
- B. Review and approve work of Superior Manager.
- C. Determine compensation amounts offline by downloading details to a spreadsheet.
- D. Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
- E. Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
- F. Allocate compensation.
Correct Answer: A,C,D,E π³οΈ
Which three dates are mandatory while creating plan cycles?
- A. Default Due Date
- B. HR Data Extraction Date
- C. Evaluation Period Start Date
- D. Plan Access Start Date
- E. Worksheet Update Period Start Date
Correct Answer: B,C,E π³οΈ
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. Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
- B. Set up a salary basis and restrict the eligibility to the required roles.
- C. The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
- D. 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.
Correct Answer: C π³οΈ
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