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Oracle Fusion HCM: Compensation 2014 Essentials - 1z1-495 real prep

1z1-495
  • Exam Code: 1z1-495
  • Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
  • Updated: Nov 08, 2025
  • Q & A: 71 Questions and Answers
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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y.
On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal
Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear?

A) Manager Z, because this is the current manager to whom Employee X is reporting
B) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle
C) Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
D) Manager Y, because this is the original manager of Employee X


2. Identify the correct option regarding the Payroll element details in the compensation history setup.

A) Any payroll element can be added and all other details are auto-populated excluding the history category.
B) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated including the history category.
C) Any payroll element can be added and all other details are auto-populated including the history category.
D) Any payroll element can be added and the input value of the element must be selected. All other details are auto-populated excluding the history category.


3. What happens when you define Workforce Compensation Plan components but the employee to whom the compensation change is being administered does not have ant component in this or her salary?

A) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
B) The component adjustment is not posted as a salary adjustment to the employee's record. While designing the compensation plan, it has to be kept in mind that plan components must have a direct mapping with the employee's salary components.
C) The first component is automatically mapped to the salary and amount associated with this component is posted as a salary adjustment to the employee record.


4. Which three dates are mandatory while creating plan cycles?

A) Evaluation Period Start Date
B) Plan Access Start Date
C) Worksheet Update Period Start Date
D) Default Due Date
E) HR Data Extraction Date


5. 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.


Solutions:

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

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