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Oracle 1z0-495 Exam Syllabus Topics:

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

A) HR Specialist
B) Compensation Manager
C) Compensation Administrator
D) Line Manager

2. You create a compensation plan and attach a Compensation Performance rating model to it. While the manager is allocating compensation, he specifies a rating for each of the employeesunder him. Where will the rating specified by the manager be available?

A) To the current compensation plan and the Performance Management system
B) Only within the current compensation plan and all cycles associated with it
C) Only within the current compensation plan and the current cycle
D) To the current compensation plan and HR system

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

4. 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) 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.
D) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

5. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Access to the Compensation Administrator role is restricted in Plan Access.
B) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
C) The Compensation Administrator or equivalent role is not attached to your plan.
D) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
E) Your user role does not have access to view the plan.

Solutions: