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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Performance Ratings is enabled in compensation plan. Which three statements are correct regarding performance ratings?

A) You can allow managers to enter performance ratings during the compensation cycle to be used only in the compensation plan.
B) You cannot make performance ratings and documents completed in Oracle Fusion Performance Management available to managers from the worksheet.
C) You can allow managers to update the overall performance rating, overall goal rating, and overall competency rating in the compensation worksheet.
D) If you use performance ratings while allocating compensation, you can display the latest ratings to the managers during the compensation cycle.

2. Which three statements are true regarding Plan Cycles?

A) You can reference a plan within itself to display values from a previous plan cycle in a subsequent cycle.
B) All active plans are available to be cross-referenced, even plans with no started cycles.
C) Active plans are available to be cross-referenced, except plans with no started cycles.
D) You cannot display a target amount or custom score from a previous plan cycle in the current plan cycle.
E) You can display a target amount or custom score from a previous plan cycle In the current plan cycle.

3. A corporation is implementing Oracle Fusion Compensation Management and needs to give a spot bonus for a new hire as well as give the same for special recognition for employees.
Identify the correct option that will enable the organization to achieve the desired results.

A) Configure the spot bonus as an individual compensation plan and add "Hire" as an action. Then, after an employee is hired, this plan can be added to employees anytime.
B) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Individual Compensation," which will enable Managers to add it to reportees.
C) Configure the spot bonus as an individual compensation plan and add "All" as an action so that this plan can be added to anyone at any time.
D) Configure the spot bonus as an individual compensation plan and add "Hire" as an action so that for HR action "Hire," this bonus can be added. Also add "Manage Contributions," which will enable managers to add it to reportees.

4. While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with compa-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant, help the managers achieve this?

A) This cannot be done once the population is finalized and the compensation cycle is started.
B) Use the sort feature in the worksheet to control this.
C) Use the Advanced Filter option in the worksheet to create a custom condition.
D) Control the population by using eligibility profiles.

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

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

Solutions: