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Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

1. Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?

A) Use fast formula to display the employee currency using conversion rates
B) Display the corporate currency
C) Enable currency switching
D) Set the preferred currency in the worksheet

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

3. Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?

A) Any custom alert
B) Allocation exceeding target
C) Employee termination
D) Leave of Absence

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

5. ABC Company's compensation has an itemized structure. The company wants to increase the Cost of Living allowance of the employees living in the New Jersey area by 3% to compensate for the increased living costs. Which feature of Oracle Fusion Compensation can be used to achieve this?

A) Plan Access
B) Budget Pools
C) Plan Eligibility
D) Salary Component
E) Action and Action Reasons

Solutions: