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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. 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 update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
C) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.
D) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.

2. Which two tasks are true about components in worksheet configurations?

A) There is the flexibility to add any number of components within a compensation plan.
B) Each component has to be of a separate type, such as salary or bonus.
C) Plans must have at least one component if awarding compensation.
D) You can create up to five components to represent the different types of compensation that you want to award within a plan.

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

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

5. 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 "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.
C) 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.
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 Individual Compensation," which will enable Managers to add it to reportees.

Solutions: