Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?

A) Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
B) Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
C) Access to the Compensation Administrator role is restricted in Plan Access.
D) The Compensation Administrator or equivalent role is not attached to your plan.
E) Your user role does not have access to view the plan.

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

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

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

4. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Plan Access
B) Action and Action Reasons
C) Budget Pools
D) Salary Component
E) Plan Eligibility

5. The Budget Pool Storage Method selected is "Amount". One of the line managers in the organization has twenty employees reporting to him. One of the employees leaves the organization during the compensation cycle.
What will be the effect on the budget allocated to the Line Manager?

A) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
B) The published budget change when a manager's total eligible salary changes, such as when workers are reassigned.
C) The published amount stay with the manager when workers are reassigned or their eligibility changes.
D) The published budget is always a percentage of the total budget pool.

Solutions: