Oracle Fusion HCM: Compensation 2014 Essentials : 1z1-495 valid dumps

1z1-495 real exams

Exam Code: 1z1-495

Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials

Updated: Jan 20, 2025

Q & A: 71 Questions and Answers

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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As an implementation consultant, you are required to define the total compensation statement. You are creating the statement definitions for your compensation statement.
Which three statements are true about the statement definitions?

A) Compensation items with sources belonging to different legal employers cannot be added.
B) The statement definition acts as a template and determines the layout and content of the generated statement.
C) The statement definition consists of compensation items added to compensation categories.
D) Edits to compensation categories affect all statement definitions that use that category.
E) Reusing statement definitions by creating new statement periods and then modifying the definition for subsequent periods is not possible.
F) Multiple legal employers, multiple countries, and multiple currencies cannot be included in one statement.


2. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
B) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.
C) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
D) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.


3. 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


4. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
B) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
C) No new Grade rate can be created.
D) A new Grade rate can be created and the Salary basis can be modified to include it.


5. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Leave of Absence
B) Allocation exceeding target
C) Any custom alert
D) Employee termination


Solutions:

Question # 1
Answer: C,E,F
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: D

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