Oracle 1z0-495 Actual Tests : Oracle Fusion HCM: Compensation 2014 Essentials

A corporation is implementing Oracle Fusion Compensation Management and must set up salary bases. Employees are assigned different grades within the organization and the salaries are dependent on the grades.
What is the correct way to set up the salary bases?

• A. Set up different salary bases for different grades with the same payroll element. The frequency
  of both salary basis and grade rate need not match.
• B. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate need not match.
• C. Set up different salary bases for different grades with the same payroll element. The frequency of both salary basis and the grade rate should match.
• D. Set up different salary bases for different grades and different payroll elements, because the payroll element can be attached to only one salary basis. The frequency of both salary basis and grade rate should match.

Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

• A. Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
• B. Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
• C. This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
• D. Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

• A. The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
• B. The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
• C. The published amount stay with the manager when workers are reassigned or their eligibility changes.
• D. The published budget is always a percentage of the total budget pool.

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 "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
• 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 Contributions," 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 Individual Compensation," which will enable Managers to add it to reportees.
• D. 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.

Identify the correct option regarding the Payroll element details in the compensation history setup.

• A. Any payroll element can be added and all other details are auto-populated excluding the history category.
• B. Any payroll element can be added and all other details are auto-populated including the history category.
• C. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.
• D. Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.