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Oracle 1z0-495 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion HCM: Compensation 2014 Essentials |
| Exam Number: | 1z0-495 |
| Passing Score: | 62% |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice, Multiple Select |
| Certificate Validity Period: | Retired; no longer active |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Human Capital Management |
| Real Exam Qty: | 71 |
| Exam Price: | $245 USD |
| Recommended Training: | Oracle Fusion HCM: Compensation 2014 Implementation Training |
| Exam Registration: | Oracle Certification Portal Pearson VUE |
| Sample Questions: | Oracle 1z0-495 Sample Questions |
| Exam Way: | In-person at Pearson VUE test centers or online proctored (before retirement) |
| Pre Condition: | No mandatory prerequisites; recommended hands-on experience with Oracle Fusion HCM Compensation |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Workforce Compensation | 25% | - Configuring plan cycles and budgets - Setting up worksheets, approvals, and access - Administering compensation changes and models - Designing compensation plans |
| Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas |
| Total Compensation Statements | 15% | - Defining compensation statements - Managing statement layouts - Generating and publishing statements |
| Individual Compensation | 20% | - Configuring compensation history - Setting up individual compensation plans - Managing contributions and approvals |
| Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?
- A. You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
- B. If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
- C. You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
- D. You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
Correct Answer: A,B,D 🗳️
A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.
- A. Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
- B. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
- C. Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.
- D. Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
Correct Answer: A 🗳️
While configuring theBudget page, which five tabs are available in Page Layout?
- A. Summary
- B. Budgeting
- C. Actions
- D. Information
- E. Detail table
- F. Comments
- G. Worker List
Correct Answer: B,C,D,E,G 🗳️
Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?
- A. The Compensation Models
- B. The Configure Compensation Component task Manager plans
- C. It is not possible to achieve this, because only the delivered salary component can be used
- D. The Salary Component Lookup
Correct Answer: C 🗳️
While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?
- A. Enable components and create a component linked to the budget pool (Configure Compensation Components)
- B. Configure related components (Configure Worksheet Page Layout: Detail Table tab)
- C. Enable the Communication tab type (Configure Worksheet Page Layout)
- D. Enable Components and create at least one component (Configure Compensation Component)
Correct Answer: D 🗳️
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