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- Exam Code: 1z0-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Certification Provider: Oracle
- Corresponding Certification:Oracle Applications
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Instant Download Oracle : 1z0-495 Questions & Answers as PDF & Test Engine
- Exam Code: 1z0-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Oct 06, 2026
- No. of Questions: 71 Questions and Answers
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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Compensation Setup and Configuration | - Eligibility Profiles - Salary Basis and Grades - Manage Compensation Plans |
| Compensation Workflows and Approvals | - Workflow Configuration - Approval Rules |
| Salary and Bonus Management | - Bonus and Incentive Plans - Salary Administration |
| Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
| Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While implementing Oracle Fusion Compensation Management for client XYZ, you are grouping compensation items and categories for displaying them together. Therefore, when planning how to group compensation items and categories, you must consider which three options?
- A. Statement definitions
- B. Category Type
- C. Category Detail
- D. Compensation Items
- E. Contribution Type and Unit of Measure
- F. Level of detail
Correct Answer: D,E,F 🗳️
While configuring theBudget page, which five tabs are available in Page Layout?
- A. Information
- B. Worker List
- C. Detail table
- D. Actions
- E. Summary
- F. Budgeting
- G. Comments
Correct Answer: A,B,C,D,F 🗳️
A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.
- A. The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
- B. Set up a salary basis and restrict the eligibility to the required roles.
- C. Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
- D. Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
Correct Answer: A 🗳️
Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?
- A. Derived-factor-based eligibility criteria using length of service
- B. User-defined-criteria-based eligibility profile using hire date
- C. Employment-based eligibility criteria using hire date
- D. Employment-based-eligibility-criteria using length of service
Correct Answer: B 🗳️
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 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.
- B. 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.
- 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,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.
- E. 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.
Correct Answer: C 🗳️
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