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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Elements, Formulas, and Eligibility | 20% | - Managing fast formulas - Describing element classifications and deductions - Creating element eligibility criteria |
| Base Pay Configuration | 20% | - Defining salary basis - Configuring salary components - Managing base pay structures |
| Total Compensation Statements | 15% | - Managing statement layouts - Defining compensation statements - Generating and publishing statements |
| Individual Compensation | 20% | - Configuring compensation history - Managing contributions and approvals - Setting up individual compensation plans |
| Workforce Compensation | 25% | - Administering compensation changes and models - Setting up worksheets, approvals, and access - Designing compensation plans - Configuring plan cycles and budgets |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?
- A. This cannot be done once the population is finalized and the compensation cycle is started.
- B. Use the sort feature in the worksheet to control this.
- C. Control the population by using eligibility profiles.
- D. Use the Advanced Filter option in the worksheet to create a custom condition.
Correct Answer: B 🗳️
Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?
- A. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
- B. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
- C. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
- D. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
Correct Answer: A,C,D 🗳️
The Fusion Compensation module must be integrated with Fusion Performance Rating. In which three ways can the performance rating be made available?
- A. Use both Performance Management ratings and compensation ratings.
- B. Use compensation performance ratings.
- C. Integrate with Oracle Fusion Profile Management.
- D. Integrate with Oracle Fusion Goal Management.
- E. Integrate with Oracle Fusion Performance Management.
Correct Answer: A,B,C 🗳️
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 length of service
- B. Employment-based eligibility criteria using hire date
- C. Derived-factor-based eligibility criteria using length of service
- D. User-defined-criteria-based eligibility profile using hire date
Correct Answer: D 🗳️
As an implementation consultant, you are required to define a total compensation statement. To construct the total compensation statement, you must follow a set of activities in sequence.
Select the correct sequence to construct a total compensation statement.
- A. Create compensation items >> attach the items to compensation categories >> arrange categories hierarchically in the statement definition >> specify the statement period and display options >> generate the statement.
- B. Create compensation items >> generate a statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories.
- C. Create compensation items >> attach the items to compensation categories >> generate the statement >> specify the statement period and display options >> arrange categories hierarchically in the statement definition.
- D. Create compensation items >> specify the statement period and display options >> arrange categories hierarchically in the statement definition >> attach items to compensation categories >> generate the statement.
Correct Answer: C 🗳️
