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Oracle 1z1-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While administering compensation for the workforce, Manager X accidentally approves a lower manager's. Which three statements will be true in this case?

A) The lower-level manager can still make changes in the worksheet and resubmit it for approval.
B) The lower-level manager's access level is changed to "Approved."
C) The lower-level manager can withdraw the submission and reprocess the compensation allocation.
D) The worksheet goes to next level for approval.

2. 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) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
B) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
C) Set up a salary basis and restrict the eligibility to the required roles.
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.

3. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
B) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
C) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
D) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.

4. A corporation has implemented Oracle Fusion Compensation Management and set up an individual compensation plan with the following details.
-Name: Variable component -Restrict plan access: Yes -Action: Manage Contributions -Access Level: New -Allocations: Always Allow -Update Allocations: Never Allow -Discontinue Allocations: "Allowed during a specific period" with the period start and end dates
configured.
Identify the correct option for the actions possible.

A) The plan setup is always for HR to take actions and, therefore, only HR will be able to start the contribution anytime, update never, but discontinue during the period defined for any specific employee.
B) Only managers will be able start the contribution anytime, update never, but discontinue during the period defined for any specific employee by using the manager dashboard.
C) All Employees will be able start the contribution anytime, update never, but discontinue during the period defined.
D) The contribution will be automatically added to all the employees in the payroll and HR can discontinue allocations on a request basis.

5. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Allocating budgets
B) Plan access
C) Approval routing
D) Sending Compensation alerts
E) Feedback survey

Solutions: