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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?

A) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
B) Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
C) Multiple payroll elements can be attached a salary basis.
D) Payroll elements of any classification type can be attached to a salary basis.

2. A corporation needs to set up a compensation plan for a Housing allowance that will allow the company to grant these allowances to only employees above a particular role.
Identify the option that indicates the correct way of implementing it.

A) Set up access restrictions to the individual compensation plan using the correct HR act/on so that it can be added only to the specific roles.
B) Set up a salary basis and restrict the eligibility to the required roles.
C) Set up role-based security to the Individual compensation wor1< area so that only managers are allowed.
D) The payroll administrator must add the element to the employees in the specified roles, because this cannot be achieved through configuration.

3. An administrator of a corporation must generate the compensation statements for the workers to notify them about their compensation details.
Identify the correct role that will give the administrator access to complete the process.

A) Compensation Manager
B) Compensation Administrator
C) Line Manager
D) HR Specialist

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

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

Solutions: