Oracle 1z0-495 Exam : Oracle Fusion HCM: Compensation 2014 Essentials

Oracle 1z0-495 exam
  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Jun 01, 2026
  • Q & A: 71 Questions and Answers
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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. As compensation manager, you are creating a Salary compensation item to define a total compensation statement. Which two statements are correct about compensation items?

A) Compensation items are the foundation upon which the Compensation Statement is built.
B) Compensation items cannot be used across statement definitions.
C) Compensation items are added to a compensation category to include them in statements.
D) Compensation items need not be mapped to the specific source from which the compensation information is retrieved.
E) Compensation items can be added to statement definitions directly.


2. 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) Employment-based eligibility criteria using hire date
B) Employment-based-eligibility-criteria using length of service
C) Derived-factor-based eligibility criteria using length of service
D) User-defined-criteria-based eligibility profile using hire date


3. 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 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.
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 grade rate need not match.
D) 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.


4. 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.


5. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Initiate budgets automatically by using the Start Compensation Cycle process.
B) Request excess budget allocation from the manager above him.
C) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
D) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.


Solutions:

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

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