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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #1
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. Action and Action Reasons
B. Plan Access
C. Salary Component
D. Plan Eligibility
E. Budget Pools

Question #2
A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?

A. Deduction ranges
B. Deduction range groups
C. Deduction overrides
D. Deduction range Values

Question #3
After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A. Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
B. Use the Edit button in the Employee's included area while creating a model to exclude the employee.
C. Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.
D. Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.

Question #4
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. Adjustment due to corrections within the organization
C. Regular and automatic adjustment
D. Equity adjustment to correct salary compression or inversion

Question #5
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?

A. Manager Y, because this is the original manager of Employee X
B. Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
C. Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
D. Manager Z, because this is the current manager to whom Employee X is reporting

Solutions: