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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A manager publishes budgets as amounts to the managers reporting to him. The following table shows the allocations made to each direct report (managers) and the total salaries of the employees in their chain.

Now, one of Manager 2's employees with eligible salary of $ 100,000 is reassigned to Manager 3. What will be the impact on Budget Percentage?

A) Allocated budget will not change. Budget percentage of Manager 3 will increase to 12.5% and Manager 2 will decrease to 8%.
B) No Impact. The budget allocated to the employee will automatically be allocated to Manager 3. Budget percentage will remain as 10.
C) Budget allocated for the employee will be released back to the manager for reallocation. Budget percentage will remain unchanged.
D) Allocated budget will not change. Budget percentage of Manager 2 will increase to 12.5% and Manager 3 will decrease to 8%.

2. 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) Adjustment due to corrections within the organization
C) Market adjustment due to salary being out of line with the market
D) Regular and automatic adjustment

3. 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) Access to the Compensation Administrator role is restricted in Plan Access.
C) Your user role does not have access to view the plan.
D) The Compensation Administrator or equivalent role is not attached to your plan.
E) 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."

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

5. You want to use the Workforce Compensation Budget pool for a workforce compensation plan.
Select the task to be performed, in the correct sequence.
a)Configure the workforce compensation budget pool
b)Configure the workforce compensation plan details
c)Run the Start Compensation plan
d)Create at least one worksheet compensation component and associate the budget pool with it.

A) Create the workforce compensation plan. Configure the workforce compensation budget pool,Configure the workforce compensation plan details, Create at least one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
B) Create the workforce compensation plan, Configure the workforce compensation plan details. Configure the workforce compensation budget pool, Create at (east one worksheet compensation component and associate the budget pool with it, Run the Start Compensation Cycle process.
C) Run the Start Compensation Cycle process, Create the workforce compensation plan, Configure the workforce compensation budget pool. Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details
D) Create the workforce compensation plan. Configure the workforce compensation budget pool,Create at least one worksheet compensation component and associate the budget pool with it, Configure the workforce compensation plan details. Run the Start Compensation Cycle process.
E) Configure the workforce compensation budget pool, Configure the workforce compensation plan details, Run the Start Compensation Cycle process, Create the workforce compensation plan, Create at least one worksheet compensation component and associate the budget pool with it.

Solutions: