- Exam Code: 1z1-495
- Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
- Updated: Sep 29, 2026
- Q & A: 71 Questions and Answers
Oracle Fusion HCM: Compensation 2014 Essentials : 1z1-495 valid dump
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Foundations in Oracle Fusion HCM | - Overview of Compensation Structures - Role of Compensation in HCM Cloud |
| Topic 2: Compensation Setup and Configuration | - Eligibility Profiles - Manage Compensation Plans - Salary Basis and Grades |
| Topic 3: Salary and Bonus Management | - Bonus and Incentive Plans - Salary Administration |
| Topic 4: Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Topic 5: Reporting and Analysis | - Compensation Reporting - Analytics in Fusion HCM Compensation |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
Question #1
As an implementation consultant, you have defined a total compensation statement. You have defined three compensation items (a new hire bonus, a profit sharing bonus, and a quarterly bonus), which are attached to the bonus category. You no longer need the quarterly bonus item but you are unable to delete it.
Which statement is true for the given scenario?
- A. The item cannot be deleted, because it is attached to a category.
- B. Before deleting the item, you must configure a zero value behavior for the item.
- C. More than one administrator might be using the item and, therefore, it cannot be deleted.
- D. The above scenario does not stand true as the item can be deleted.
Correct Answer: C 🗳️
Question #2
You can use predefined alerts to notify managers about issues on the worksheet that need their attention.
Which four predefined alerts are available?
- A. Worker is on long-term leave
- B. Salary changed in HR
- C. Worker was terminated
- D. Grade changed in HR
- E. Allocation outside target range
- F. Job changed in HR
Correct Answer: A,C,D,E 🗳️
Question #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. Line Manager
- C. Compensation Administrator
- D. HR Specialist
Correct Answer: D 🗳️
Question #4
Which two methods can be used by the Compensation Administrator to publish budgets?
- A. Copy budget amounts from a previous cycle.
- B. Publish budgets manually.
- C. Publish budgets automatically by running the Build Model process.
- D. Use a model to distribute budgets.
Correct Answer: A,D 🗳️
Question #5
Which two tasks are true about components in worksheet configurations?
- A. You can create up to five components to represent the different types of compensation that you want to award within a plan.
- B. Plans must have at least one component if awarding compensation.
- C. Each component has to be of a separate type, such as salary or bonus.
- D. There is the flexibility to add any number of components within a compensation plan.
Correct Answer: A,D 🗳️
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