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| Section | Objectives |
|---|---|
| Topic 1: Variable Pay | - Bonus Calculation and Rules - Variable Pay Plans Setup |
| Topic 2: Compensation Templates and Forms | - Template Configuration - Routing and Permissions |
| Topic 3: Compensation Administration | - Compensation Planning Overview - Compensation Process Configuration |
| Topic 4: Reporting and Analytics | - Compensation Reports - Executive Review Dashboards |
| Topic 5: Eligibility and Guidelines | - Merit and Budget Guidelines - Employee Eligibility Rules |
1. You have defined the eligibility rules as shown in the attached screenshot. Budgeting is done as a percent of the current salary. What can you see on the compensation form for an employee in Salary Plan PRM?
Please choose the correct answer.
Response:
A) The employee appears on the form and is included in the total budget basis but CANNOT receive an award amount in merit, adjustment or lump sum.
B) The employee appears on the form, is NOT included in the total budget basis and CANNOT receive an award amount in merit, adjustment or lump sum.
C) The employee does NOT appear on the form but their salary is included in the total budget basis.
D) The employee does NOT appear on the form and their salary is NOT included in the total budget basis.
2. Your customer has a compensation plan template with the functional currency EUR. The manager's own currency is USD. The manager's compensation worksheet contains employees who are paid in the following currencies: EUR, USD, CHF and GBP.
Which view must you enable to make sure the manager can display the salary of all of their employees in USD?
Please choose the correct answer.
Response:
A) The includeFunctionalCurrency view
B) The includePlannerCurrency view
C) The includeLocalCurrency view
D) The includeAnyCurrency view
3. Which report can aggregate compensation details form multiple plans?
There are TWO answers for this question
Response:
A) Adhoc report
B) Executive Review
C) Aggregate export
D) Online Report Designer
4. What field types must be used to suppess a statemant?
Note: there are 2 correct answers to the list
Response:
A) numeric field
B) Standard field
C) custom field
D) string field
5. A customer is generating compensation statements. In role based permission (RBP), the compensation link has been enabled for everyone. The following permissions are set Actions for All Plan->s Manage Statement Templates:
- Employee: Yes
- Employee's Manager: Yes
- Employee's HR: Yes
- Matrix Manager: Yes
While the following permission are set in Complete Compensation Cycle-> Manage Statement Templates.
- Employee: Yes
- Employee's Manager: No
- Employee's HR: Yes
- Matrix Manager: No
In this scenario, who can view the compensation statement?
Response:
A) Employee and Employee's HR
B) Employee and Matrix Manager
C) Employee and Employee's Manager
D) Employee, Employee's Manager, and Employee's HR
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A,D | Question # 4 Answer: B,C | Question # 5 Answer: A |
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