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. A corporation is implementing Oracle Fusion Compensation Management and needs to set up the
following for all employees:
-Salary paid based on the grades of employees.
-Car allowance paid based on the department and position
-Spot bonus paid based on a committee's decision.
Identify the correct option for the setup.

A) Set up a salary basis for "Salary" and associate a grade rate matrix and the payroll element to it. Set up individual compensation plans for the car allowance and spot bonus, and restrict the access to line manager and HR specialist respectively. Additionally, add an eligibility profile to the car allowance to restrict it to specific departments and positions.
B) Set up a salary basis for "Salary" and associate a grade rate matrix to it, and add a car allowance and spot bonus as components for the salary basis along with Salary. Attach the required payroll elements to the salary. Have salary validations to restrict access and payment for specific departments and positions.
C) Set up Salary and the spot bonus as two salary bases, because there are no eligibility restrictions. Set up the car allowance as an individual compensation plan- Add the required payroll elements and add eligibility profiles for the car allowance for specific departments and positions.
D) Set up one individual compensation plan with all three options. Add the required payroll elements and add restriction based on eligibility profiles and plan access.

3. After creating a compensation plan and eligibility profiles, you are currently modeling the budget allocation. The HR manager informs you that one employee under Supervisor 1 has been seconded to a different country on a temporary basis with no changes to his employment terms and that this employee must be removed from the budgeting exercise.
What is the correct way of achieving this?

A) Use the Include check box next to the employee's name in the Budget worksheet to exclude the employee from the cycle.
B) Modify the eligibility profile by using a formula to exclude the employee from appearing under Supervisor 1. After the compensation cycle is completed, revert the eligibility profile to its original form, if needed.
C) Use the Edit button in the Employee's included area while creating a model to exclude the employee.
D) Advise Supervisor 1 not to allocate any compensation for the employee. In the meanwhile, manually adjust the budget allocated to Supervisor 1 to exclude the employee's amount.

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

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

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

Solutions: