Oracle Fusion HCM Interview Questions and Answers
by Nithyanandham, on Dec 24, 2022 3:44:25 PM
Q1. What is Human Capital Management (HCM)?
Human Capital Management (HCM) is a set of practices employed to manage human resources of an organization. These practices focus on satisfying the specific needs of organizations, and are majorly implemented in three areas:
- workforce acquisition
Q2. Why is Human Capital Management important?
In the present scenario, understanding the economy is a vast term. No one knows what factors are important in terms of investment without managing the capital. Organizations have to face a ton of issues if they don’t manage the same in a reliable manner. The fraud transactions and risks are the major trouble creators. Effective management always makes sure proper utilization and records can be accessed anytime when users want.
Q3. What are the core pillars of Human Capital Management?
Following are the four major pillars of effective human capital management:
Q4. What is Oracle Fusion HCM?
Oracle Fusion Cloud Human Capital Management is natively built for the cloud and offers a wide range of applications required for an organization to manage human resources. It streamlines the work process of HR leaders with unique solutions for every stage of an employee lifecycle which include attracting new talent, screening, hiring, on-boarding, managing payroll, managing time and absence, managing performance, compensation, and benefits, optimizing workflow, etc.
Oracle Fusion HCM cloud built with an AI-first approach and allows individuals to make real-time smarter decisions. It is highly flexible and easily integrates with multiple applications like supply chain, financials, CRM etc. Oracle offers a wide range of products designed for HCM which include Global HR, Talent Management, Workforce Management, Workforce Rewards, and Work-Life Solutions.
Q5. What do you mean by LDG in Fusion HCM?
LDG stands for Legislative Data Group and is useful when it comes to portioning the payroll and the data which is concerned. Wherever enterprises are present, there is always a need for one group for smooth operations. Payroll is generally processed and is generally associated with the legislative code.Each legislative data group consists of elements like legislative code, own cost key flexfield structure, and currency. Other factors that matter largely in LDG are the structure of the task and the current one is utilized.
Q6. Explain plan types in Oracle Fusion HCM?
There are three types of plans available in Oracle Fusion HCM. They are
- Accrual Plan:This Plan defines the purpose on which the workforce is opting for leave.
- Qualification Plan:This plan states whether a candidate is eligible to take the leave and wage payment during leave.
- No Entitlement:It tracks all leaves irrespective of paid or unpaid they are.
Q7. What are the work structures we have in Fusion HCM?
Q8. What is the use of Reference data sharing in Oracle Fusion HCM?
The main advantage of Reference Data sharing is that it eliminates duplicate data in the common transactional data.
Q9. What is FSM in Oracle Fusion HCM?
FSM is abbreviated as Functional Setup Manager (“FSM ”) and it is the essential component of Oracle Fusion applications. It allows developers/administrators to manage application operations and design objects. It streamlines the implementation process experience for all Fusion applications across HCM, ERP, CX, and SCM pillars.
FSM allows you to:
- It lets you understand implementation needs and plan
- Customize applications to meet business requirements
- Allows you to import functional setup data between various instances.
- Validates configuration data by analyzing reports
Q10. What exactly do you know about the Fusion Tress? How are they significant in Fusion HCM?
Dealing with hierarchical data is always a big issue. It is not always possible for the users to keep up the pace with it simply. These trees are nothing but the graphical representation of the same. Even the entire structure of an organization can be represented with the help of it. This makes it easy for users to effectively manage and understand the tasks that are vital. It also enables users to make some important decisions.
Q11. What is the watchlist in Oracle Fusion?
Watchlist is an essential component of Oracle Fusion components that gives the users a set of shortcuts to work areas based on the user preferences. It consists of items delivered by applications and items that are created by the end-user.
Q12. Give the difference between Watchlist and the Worklist in Oracle HCM?
- A watchlist provides shortcuts to all the tasks that need attention from the user. It displays the count of all items. Users can easily modify the shortcuts.
- A worklist displays a list of tasks that are important and needs the approval of the user. These are priority tasks for the users.
Q13. What is the fast formula in Oracle Fusion HCM?
Oracle Fast Formula is a tool to write formulas using English words and basic mathematical functions to perform calculations or comparisons. Fast Formula is an easy way to customize the existing functionality in Fusion Benefits and it hides the complexity of accessing the database tables and columns.
Q14. Can Oracle transactional Business Intelligence(OTBI) integrate with Fusion HCM extract?
OTBI can integrate with Fusion HCM extract in the following two ways:
- HCM Extracts can extract the data and produce an output using CSV, XML or PDF. OTBI can then accept a data source in excel or XML format (SaaS customers will need Oracle to set this up for them).
- BI Publisher can also accept a data source in excel or XML format (again SaaS customers will need Oracle's help). HCM extracts has integration with BI Publisher.
Q15. Name a few core tables available in Oracle Fusion HCM?
Q16. How can you access the ESC in the Fusion HCM?
For this, a user simply needs to select the EES (Establish Enterprise Structure). This is available under the DIC task list.
Q17. Explain the benefits of ESC in Oracle Fusion HCM
Below are the advantages of ESC in Oracle Fusion HCM.
- Users can instantly create organization structures.
- It can easily create several configurations that help in testing multiple scenarios.
- Users can roll back to the previous configuration.
- To make sure that there are no errors,users can roll review it before loading.
Q18. Name the sections of Oracle Fusion overall performance Template?
- Competency section
- Worker very last comments section
- Goal segment
- Supervisor very last comments segment
- Standard evaluate phase
- Questionnaire segment
Q19. What is the limit on holding the sections on a performance template?
It can hold 6 sections at a time and not more than that
Q20. What is Absence Management in Oracle Cloud HCM?
Oracle Absence Management is a core component of Oracle Cloud HCM that enables you to effectively set rules for managing employee absenteeism globally and locally. This would bring down the elements associated with absenteeism such as productivity, cost, and risk. Using Absence management organizations can build, customize, and configure simplified absence management plans.
Q21. What are the different Oracle HCM Modules?
Following are the different Oracle HCM modules available and each of them contributes their part to streamline the process to manage the human resources of an organization across the globe.
- Core Human Resources
- Workforce Directory
- HR Help Desk
- Absence Management
- Workforce Modeling and Predictions
- Advanced HCM Controls
- Work-Life Solutions
Q22. Name the tool used for Data Migration in Oracle Fusion HCM ?
Data loader is the tool used for migrating data in Oracle Fusion HCM.
Q23. Is Oracle Fusion HCM a currency independent platform?
Yes, Oracle Fusion HCM is a currency independent platform. It contains inter currency conversion features that help users to understand the currency concepts. Users can know the rates of local currency and can also manage currency aspects in Oracle Fusion HCM.
Q24. What are the factors that you should consider for specifying the key responsibility areas for an employee?
It largely depends on the overall skills, experience, educational qualification, areas of interest, as well as efforts. With the help of these factors, it is possible for the organizations to make sure that there is always a positive work environment and thus maximum efficiency.
Q25. What are the major factors that play a vital role in the HCM for the learning capacity of the employees?
The major factors that play a vital role in the HCM
- Career Development