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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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) Regular and automatic adjustment
B) Equity adjustment to correct salary compression or inversion
C) Market adjustment due to salary being out of line with the market
D) Adjustment due to corrections within the organization

2. 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) Category Type
B) Compensation Items
C) Contribution Type and Unit of Measure
D) Level of detail
E) Category Detail
F) Statement definitions

3. 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) Employment-based eligibility criteria using hire date
C) User-defined-criteria-based eligibility profile using hire date
D) Employment-based-eligibility-criteria using length of service

4. 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 "All" as an action so that this plan can be added to anyone at any time.
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 "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.

5. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Allocating budgets
B) Feedback survey
C) Plan access
D) Sending Compensation alerts
E) Approval routing

Solutions: