Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?

A) Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
B) Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
C) Active plans are always shown in read-only mode until the Worksheet update period starts.
D) Active plans are always shown in read-only mode once it is past the eligibility determination date.

2. 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 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.
B) The sum of all components identified to be posted as single salary adjustment amount to the employee salary record.
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.

3. Your client is a consumer goods wholesaler. The client's organization has five departments.
While performing compensation budgeting activity, the client has a policy that the departments that have exceeded their sales targets receive an additional budget to reward the employees to that department. In the current year, only the Electronics department has exceeded its sales target.
How would the compensation manager allocate the extra budget to the manager of the Electronics Department?

A) Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
B) Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
C) Request excess budget allocation from the manager above him.
D) Initiate budgets automatically by using the Start Compensation Cycle process.

4. You are configuring Fusion HCM Compensation Management for a customer. Which three tasks are part of Plan Foundation Configuration Options?

A) Components
B) Plan Access
C) Plan Currency
D) Feedback Survey
E) Alerts

5. A corporation is implementing Oracle Fusion Compensation Management and has set up an Individual Compensation plan for contribution towards a retirement benefit. This contribution must be approved by the four-level manager hierarchy.
Identify all the four builders that support a restriction for the number of levels.

A) Resource
B) Management Chain
C) Job level
D) Department Level
E) Supervisory
F) Position

Solutions: