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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

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

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) Set up a salary basis and restrict the eligibility to the required roles.
C) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.
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. 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) Manager Y, because this is the original manager of Employee X
C) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
D) Manager Z, because this is the current manager to whom Employee X is reporting

4. A corporation implemented Fusion Compensation and wants to validate the salaries with the setup. Select the two options that are true about validation setup.

A) Using either a formula at the element level or criteria at the element link level, a warning message can be generated when a new or adjusted salary does not pass the configured validation.
B) Using either a formula at the element level or criteria at the element link level, approval can be prevented when the new or adjusted salary does not pass the configured validation.
C) Using grade rate validation, approval can be prevented when the new or adjusted salary is outside the range of salary configured in the grade rate attached to salary basis,
D) Using grade rate validation, a warning message can be generated when the new or adjusted salary is outside the range of salary configured in the grade rate attached to the salary basis.

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

Solutions: