Last Updated: Oct 07, 2026
No. of Questions: 71 Questions & Answers with Testing Engine
Download Limit: Unlimited
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| 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| Certificate Validity Period: | Retired; no longer active |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/ |
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Workforce Compensation | 25% | - Setting up worksheets, approvals, and access - Designing compensation plans - Administering compensation changes and models - Configuring plan cycles and budgets |
| Topic 2: Individual Compensation | 20% | - Configuring compensation history - Setting up individual compensation plans - Managing contributions and approvals |
| Topic 3: Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Managing fast formulas - Creating element eligibility criteria |
| Topic 4: Total Compensation Statements | 15% | - Generating and publishing statements - Managing statement layouts - Defining compensation statements |
| Topic 5: Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
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Oracle points candidates toward these official training options:
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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.
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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.
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?
Correct Answer: A 🗳️
Which alert is advised to be disabled when you are using HCM co-existence between Oracle PeopleSoft HCM and Oracle Fusion Compensation?
Correct Answer: C 🗳️
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?
Correct Answer: A 🗳️
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.
Correct Answer: B,C 🗳️
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?
Correct Answer: A 🗳️
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