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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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

2. Which three dates are mandatory while creating plan cycles?

A) HR Data Extraction Date
B) Evaluation Period Start Date
C) Plan Access Start Date
D) Default Due Date
E) Worksheet Update Period Start Date

3. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
B) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
C) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
D) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.

4. A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

A) Automatic entry is checked for the payroll element used.
B) Salary basis is configured to be non-updatable.
C) Automatic entry is checked at the element eligibility link for the payroll element used.
D) No components are defined to handle these salary adjustments.

5. 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) 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.
B) Create a separate Change statement template for this purpose and associate it with the Statement group for which this is required.
C) Create a custom data model that can pull compensation awarded from different plans and display the data using a BI publisher layout.
D) Create a Compensation Statement Plan with cross-references to compensation awarded in each plan.

Solutions: