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| Section | Objectives |
|---|---|
| Topic 1: Compensation Worksheets | - Worksheet Management
|
| Topic 2: Reports and Analytics | - Compensation Reports
|
| Topic 3: Compensation Plan Setup | - Configure Compensation Plan Templates
|
| Topic 4: Compensation Statements | - Statement Design and Generation
|
| Topic 5: Implementation and Workflow | - Compensation Process Flow
|
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.
A) The employee does NOT appear on the form but their salary is included in the total budget basis.
B) The employee does NOT appear on the form and their salary is NOT included in the total budget basis.
C) 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.
D) 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.
2. You set up a merit guideline rule based on the performance rating. You import guideline formulas as shown in the attached screenshot. According to the imported formulas, what is the minimum merit guideline if an employee's performance rating is 4? Please choose the correct answer.
A) 1%
B) 0%
C) 2%
D) 4%
3. Your customer wants to round up all dollar figures in the compensation form to the nearest hundred dollars. What XML code do you need to include in the template to accomplish this? Please choose the correct answer.
A) <comp-number-format-ext id="defMoneyFormat" mode-'truncate" useFor="money">
B) <comp-number-format-ext id="defMoneyFormat" mode-'truncate" useFor-'money">
C) <comp-number-format-ext id="defMoneyFormat" mode="round" useFor="money">
D) <comp-number-format-ext id="defMoneyFormat" mode-'truncate" useFor-'money">
4. Which of the following options reflects a best practice for configuring compensation plan guidelines?
Please choose the correct answer.
A) Make sure the Enable Guideline Optimization checkbox is selected if your customer has less than
1,000 ^ guidelines.
B) Add a formula without any criteria at the bottom of the guideline list to act as a default.
C) Always arrange guideline formulas in order by performance rating and comp ratio.
D) Allow planners to enter negative salary adjustment recommendations.
5. What are the advantages of the PercentofMeritTarget budget mode? Please choose the correct answer.
A) It is dynamic since budgets recalculate when new targets are loaded.
B) It is client-specific and uses custom calculations if needed.
C) It is easy to configure since it is based on employee performance and benchmarks.
D) It is flexible since it is NOT based on users' imported salaries.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
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