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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
B) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
C) Manager Y, because this is the original manager of Employee X
D) Manager Z, because this is the current manager to whom Employee X is reporting

2. 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) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
B) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
C) Set up a salary basis and restrict the eligibility to the required roles.
D) 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.

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) Action and Action Reasons
B) Plan Eligibility
C) Salary Component
D) Budget Pools
E) Plan Access

4. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
B) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
C) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
D) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.

5. Which four options are valid refresh options for the Refresh Data process?

A) Refresh Budget Pools
B) Refresh Manager Hierarchy
C) Refresh Plan Access
D) Reevaluate Eligibility
E) Refresh HR Data
F) Refresh Base and Eligible Salary
G) Refresh Plan Currency

Solutions: