PDF Version DemoOracle 1z1-495 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Fusion HCM: Compensation 2014 Essentials |
| Exam Number: | 1z0-495 |
| Exam Price: | $245 USD |
| Passing Score: | 62% |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Related Certifications: | Oracle Fusion Human Capital Management |
| Exam Format: | Multiple Choice, Multiple Select |
| Certificate Validity Period: | Retired; no longer active |
| Real Exam Qty: | 71 |
| Recommended Training: | Oracle Fusion HCM: Compensation 2014 Implementation Training |
| Exam Registration: | Oracle Certification Portal Pearson VUE |
| Sample Questions: | Oracle 1z1-495 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 1z1-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Elements, Formulas, and Eligibility | 20% | - Creating element eligibility criteria - Describing element classifications and deductions - Managing fast formulas |
| Individual Compensation | 20% | - Configuring compensation history - Managing contributions and approvals - Setting up individual compensation plans |
| Base Pay Configuration | 20% | - Defining salary basis - Configuring salary components - Managing base pay structures |
| Total Compensation Statements | 15% | - Defining compensation statements - Generating and publishing statements - Managing statement layouts |
| Workforce Compensation | 25% | - Configuring plan cycles and budgets - Administering compensation changes and models - Setting up worksheets, approvals, and access - Designing compensation plans |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
1. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?
A) Sending Compensation alerts
B) Allocating budgets
C) Plan access
D) Approval routing
E) Feedback survey
2. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?
A) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
B) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
C) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.
3. A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?
A) Equity adjustment to correct salary compression or inversion
B) Market adjustment due to salary being out of line with the market
C) Adjustment due to corrections within the organization
D) Regular and automatic adjustment
4. Which three dates are mandatory while creating plan cycles?
A) Default Due Date
B) HR Data Extraction Date
C) Worksheet Update Period Start Date
D) Plan Access Start Date
E) Evaluation Period Start Date
5. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?
A) Manager Z, because this is the current manager to whom Employee X is reporting
B) Manager Y, because this is the original manager of Employee X
C) Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
D) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
Solutions:
| Question # 1 Answer: D,E | Question # 2 Answer: C | Question # 3 Answer: B,C,D | Question # 4 Answer: B,C,E | Question # 5 Answer: D |
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