Oracle 1z0-495 : Oracle Fusion HCM: Compensation 2014 Essentials

  • Exam Code: 1z0-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Aug 22, 2026
  • Q & A: 71 Questions and Answers

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Oracle 1z0-495 Exam Syllabus Topics:

SectionWeightObjectives
Total Compensation Statements15%- Generating and publishing statements
- Defining compensation statements
- Managing statement layouts
Individual Compensation20%- Setting up individual compensation plans
- Managing contributions and approvals
- Configuring compensation history
Workforce Compensation25%- Designing compensation plans
- Setting up worksheets, approvals, and access
- Administering compensation changes and models
- Configuring plan cycles and budgets
Base Pay Configuration20%- Configuring salary components
- Defining salary basis
- Managing base pay structures
Elements, Formulas, and Eligibility20%- Describing element classifications and deductions
- Creating element eligibility criteria
- Managing fast formulas

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

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


2. While creating a compensation plan, the compensation manager of your client's organization chooses to enable Compensation Change statement, as an implementation consultant, which is the dependantconfiguration that you would advise the compensation manager to platform?

A) Enable the Communication tab type (Configure Worksheet Page Layout)
B) Enable components and create a component linked to the budget pool (Configure Compensation Components)
C) Configure related components (Configure Worksheet Page Layout: Detail Table tab)
D) Enable Components and create at least one component (Configure Compensation Component)


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


4. A corporation implemented Oracle Fusion Compensation Management. A Salary Basis has been created and attached to the workers and a Compensation cycle has been run. The corporation now wants to use a different Grade rate for the salary basis.
Which option is true?

A) After the salary basis is associated with any worker, you cannot delete it or modify any characteristic. Therefore, a new Salary Basis must be created with a new Grade rate.
B) No new Grade rate can be created.
C) The salary of an employee is based on the grade to which the employee is assigned. Therefore, nothing has to be changed at the salary basis level once it has been created. Employee data must be modified to reflect the new grade.
D) A new Grade rate can be created and the Salary basis can be modified to include it.


5. You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?

A) Grade changed in HR
B) Job changed in HR
C) Worker is on long-term leave
D) Allocation outside target range
E) Salary changed in HR
F) Worker was terminated


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: A,C,D,F

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