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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Total Compensation Statements | - Statement Definitions |
| Plan Configuration | - Eligibility and Profiles - Budgeting and Worksheets |
| Compensation Basics | - Salary and Compensation Components - Compensation Plan Concepts |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Per your client 5 policy on eligibility for a compensation revision cycle, employees who are in a notice period are not eligible. Manager X is currently in a notice period, but his direct reports are still eligible compensation cycle. You observe that the system allows Manager X to administer compensation for his direct reports.
You research this and find out that Manager X is still allowed to carry out the compensation allocation because his Eligibility Status is_____________.
- A. Provisional
- B. Restricted
- C. Eligible
- D. Limited
- E. Ineligible
Correct Answer: B 🗳️
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. User-defined-criteria-based eligibility profile using hire date
- B. Employment-based eligibility criteria using hire date
- C. Employment-based-eligibility-criteria using length of service
- D. Derived-factor-based eligibility criteria using length of service
Correct Answer: A 🗳️
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. Budget Pools
- B. Salary Component
- C. Action and Action Reasons
- D. Plan Access
- E. Plan Eligibility
Correct Answer: B 🗳️
A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.
- A. Automatic entry is checked at the element eligibility link for the payroll element used.
- B. No components are defined to handle these salary adjustments.
- C. Automatic entry is checked for the payroll element used.
- D. Salary basis is configured to be non-updatable.
Correct Answer: B,C 🗳️
A corporation is implementing Oracle Fusion Compensation Management and must set up Compensation history. Identify the three correct options regarding the salary component.
- A. The growth rate shown in the details shows both cumulative and average annual salary growth rates.
- B. The Base rate shown in the salary section is the average of the pay rate for the entire year.
- C. The Base rate shown in the salary section is the most recent pay rate.
- D. The base rate shown in the previous years is the pay rate on 31 December of each year.
Correct Answer: B,C,D 🗳️
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