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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. Which two tasks are true about components in worksheet configurations?
A) Plans must have at least one component if awarding compensation.
B) You can create up to five components to represent the different types of compensation that you want to award within a plan.
C) There is the flexibility to add any number of components within a compensation plan.
D) Each component has to be of a separate type, such as salary or bonus.
2. As compensation administrator, you are required to show "Actual Amounts paid to the worker" in the Total Compensation Statement. To meet this requirement, which component must be created?
A) Compensation Category
B) Compensation Item
C) Compensation Source
D) Compensation Statement Definition
3. 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.
4. Which five tasks can be performed by a compensation manager?
A) Analyze proposed changes for equity among peer groups and by manager, alignment with the market, and pay for performance strategies.
B) Promote and rate worker performance while allocating compensation.
C) Determine compensation amounts offline by downloading details to a spreadsheet.
D) Allocate compensation.
E) Generate company-configured compensation change statements to notify workers of a compensation award, job change, or performance rating assignment.
F) Review and approve work of Superior Manager.
5. 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) Salary Component
B) Plan Eligibility
C) Budget Pools
D) Plan Access
E) Action and Action Reasons
Solutions:
Question # 1 Answer: B,C | Question # 2 Answer: B | Question # 3 Answer: B,C,D | Question # 4 Answer: A,B,C,E | Question # 5 Answer: A |
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