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

2. What are the two correct options with respect to budgeting when the salary has multiple components?

A) Multiple components cannot have a single budget.
B) Budgets can be separate for each component.
C) Multiple components can have a single budget.
D) Budgets cannot be separate for each 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 change when a manager's total eligible salary changes, such as when workers are reassigned.
B) The published budgets change when a manager's total eligible salary changes, such as when workers eligibility changes.
C) The published budget is always a percentage of the total budget pool.
D) The published amount stay with the manager when workers are reassigned or their eligibility changes.

4. You are required to explain to your client the use of Hierarchy design in Compensation Process.
Which two Compensation-related activities use Hierarchy?

A) Feedback survey
B) Sending Compensation alerts
C) Allocating budgets
D) Plan access
E) Approval routing

5. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) Control the population by using eligibility profiles.
B) Use the Advanced Filter option in the worksheet to create a custom condition.
C) This cannot be done once the population is finalized and the compensation cycle is started.
D) Use the sort feature in the worksheet to control this.

Solutions: