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Oracle 1z1-495 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle Fusion HCM: Compensation 2014 Essentials
Exam Number:1z0-495
Available Languages:English
Real Exam Qty:71
Exam Format:Multiple Select, Multiple Choice
Certificate Validity Period:Retired; no longer active
Exam Duration:120 minutes
Passing Score:62%
Related Certifications:Oracle Fusion Human Capital Management
Exam Price:$245 USD
Recommended Training:Oracle Fusion HCM: Compensation 2014 Implementation Training
Exam Registration:Oracle Certification Portal
Pearson VUE
Sample Questions: DOWNLOAD DEMO
Exam Way:In-person at Pearson VUE test centers or online proctored (before retirement)
Pre Condition:No mandatory prerequisites; recommended hands-on experience with Oracle Fusion HCM Compensation
Official Syllabus URL:https://education.oracle.com/

Oracle 1z1-495 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Workforce Compensation25%- Setting up worksheets, approvals, and access
- Designing compensation plans
- Administering compensation changes and models
- Configuring plan cycles and budgets
Topic 2: Individual Compensation20%- Configuring compensation history
- Setting up individual compensation plans
- Managing contributions and approvals
Topic 3: Elements, Formulas, and Eligibility20%- Describing element classifications and deductions
- Managing fast formulas
- Creating element eligibility criteria
Topic 4: Total Compensation Statements15%- Generating and publishing statements
- Managing statement layouts
- Defining compensation statements
Topic 5: Base Pay Configuration20%- Managing base pay structures
- Defining salary basis
- Configuring salary components

Your Oracle Fusion HCM: Compensation 2014 Essentials Questions, Answered by SurePassExams

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Oracle points candidates toward these official training options:

Combine a course that fits your schedule with regular question practice for the steadiest progress.

Oracle sets the following prerequisites for the Oracle Fusion HCM: Compensation 2014 Essentials: No mandatory prerequisites; recommended hands-on experience with Oracle Fusion HCM Compensation.

Confirm the current requirements on the official certification page before booking.

The Oracle Fusion HCM: Compensation 2014 Essentials blueprint is organized into these main domains:

  • Base Pay Configuration (20%)
  • Elements, Formulas, and Eligibility (20%)
  • Individual Compensation (20%)

Further domains complete the official outline, and our question bank spans all of them.

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According to the latest exam information, the 1z1-495 exam contains 71 questions and runs for 120 minutes minutes. Timing yourself during practice sessions is a smart habit — pacing problems sink more candidates than knowledge gaps.

At present, the passing score for the 1z1-495 exam is 62% and the registration fee is $245 USD. Both figures are set by Oracle and can change, so double-check them on the official site when you register.

Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:

Question #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 until the Worksheet update period starts.
  • 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 once it is past the eligibility determination date.
  • D. Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

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. Leave of Absence
  • C. Employee termination
  • D. Allocation exceeding target
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Your client's compensation plan for employees includes a component that is based on years of service in the organization. If a person completes 10 years in the company, he or she will be eligible for a seniority component and the associated fixed salary amount. What type of eligibility profile you would need to create in order to track work experience of people?

  • A. User-defined-criteria-based eligibility profile using hire date
  • B. Derived-factor-based eligibility criteria using length of service
  • C. Employment-based-eligibility-criteria using length of service
  • D. Employment-based eligibility criteria using hire date
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

A corporation has implemented Oracle Fusion Compensation Management. A Salary basis has been created to manage employees' salaries. It has a payroll element attached. As part of the Salary changes, when the compensation manager is trying to update the Salary amounts, the same is not reflecting in the payroll elements entries of the employee.
Identify the two possible causes for the issue.

  • A. Automatic entry is checked at the element eligibility link for the payroll element used.
  • B. Automatic entry is checked for the payroll element used.
  • C. No components are defined to handle these salary adjustments.
  • D. Salary basis is configured to be non-updatable.
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #5

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. Initiate budgets automatically by using the Start Compensation Cycle process.
  • B. Publish the original budget to all managers, followed by publishing the extra budget to only the manager of the Electronics department.
  • C. Create a separate compensation plan for Electronics department employees and publish the extra budget to the manager of the department.
  • D. Request excess budget allocation from the manager above him.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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