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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A corporation has implemented Oracle Fusion Compensation for a manufacturing client. The Fusion consultant must create an element eligibility link for an Earnings element.
While creating the element eligibility link, which three options can be set up in the element eligibility work area?

A) Retroactive components
B) Status processing rules
C) Costing
D) General information
E) Auto indirect rules
F) Input values

2. Your client wants you to create a single Compensation Change statement that includes compensation awarded for multiple plans. What would you, as an implementation consultant, advise your client?

A) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.
B) This is possible only in the on-premises model using customization and is not possible inan SaaS instance. Therefore, you would respond accordingly to the client.
C) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
D) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.

3. 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) Equity adjustment to correct salary compression or inversion
D) Regular and automatic adjustment

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

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

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

Solutions: