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Oracle 1z1-495 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Fusion HCM: Compensation 2014 Essentials |
| Exam Number: | 1Z0-495 |
| Exam Format: | Multiple Choice, Scenario-based Questions |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion HCM Core HR Oracle Fusion HCM Foundations |
| Recommended Training: | Oracle Fusion HCM Training Courses |
| Exam Registration: | Oracle Certification Registration |
| Sample Questions: | Oracle 1z1-495 Sample Questions |
| Exam Way: | Computer-based exam (proctored test center or online proctoring depending on region) |
| Official Syllabus URL: | https://education.oracle.com/ |
Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Setup and Configuration | - Manage Compensation Plans - Eligibility Profiles - Salary Basis and Grades |
| Topic 2: Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
| Topic 3: Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Topic 4: Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Topic 5: Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Which three statements are true regarding Plan Cycles?
- A. You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
- B. You can display a target amount or custom score from a previous plan cycle In the current plan cycle.
- C. All active plans are available to be cross-referenced, even plans with no started cycles.
- D. You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
- E. Active plans are available to be cross-referenced, except plans with no started cycles.
Correct Answer: A,B,D 🗳️
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. Sending Compensation alerts
- C. Feedback survey
- D. Approval routing
- E. Plan access
Correct Answer: C,D 🗳️
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
- A. The above scenario does not stand true as the item can be deleted.
- B. Before deleting the item, you must configure a zero value behavior for the item.
- C. The item cannot be deleted, because it is attached to a category.
- D. More than one administrator might be using the item and, therefore, it cannot be deleted.
Correct Answer: D 🗳️
You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.
- A. Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
- B. Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.
- C. Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
- D. Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
- E. Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
Correct Answer: C 🗳️
As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?
- A. Compensation items cannot be used across statement definitions.
- B. Compensation items are added to a compensation category to include them in statements.
- C. Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
- D. Compensation items can be added to statement definitions directly.
- E. Compensation items are the foundation upon which the Compensation Statement is built.
Correct Answer: A,D 🗳️
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