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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question 1

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 a salary basis and restrict the eligibility to the required roles.
B. Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
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.

Question 2

A corporation started giving performance bonuses to eligible employees on a monthly basis. As a compensation administrator, you are required to display performance bonuses with similar or related compensation items.
How will you configure this requirement in the Fusion application?

A. Attach performance bonuses to similar compensation categories/subcategories.
B. Attach performance bonuses to similar compensation items.
C. Attach performance bonuses to similar elements.
D. Attach performance bonuses to similar sources.

Question 3

You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A. Worker was terminated
B. Salary changed in HR
C. Allocation outside target range
D. Job changed in HR
E. Grade changed in HR
F. Worker is on long-term leave

Question 4

As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?

A. Compensation Source
B. Compensation Statement Definition
C. Compensation Category
D. Compensation Item

Question 5

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

Solutions: