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| Section | Objectives |
|---|---|
| Variable Pay | - Bonus Calculation and Rules - Variable Pay Plans Setup |
| Reporting and Analytics | - Compensation Reports - Executive Review Dashboards |
| Eligibility and Guidelines | - Employee Eligibility Rules - Merit and Budget Guidelines |
| Compensation Administration | - Compensation Planning Overview - Compensation Process Configuration |
| Compensation Templates and Forms | - Template Configuration - Routing and Permissions |
1. What optional XML configuration controls threshold limits and the system behavior when final salary exceeds threshold Response:
A) Comp rule hard limit
B) Guideline rules
C) Force comment
D) Comp-salary-rule
2. Which of the following options reflects a best practice for configuring compensation plan guidelines?
Please choose the correct answer.
Response:
A) Allow planners to enter negative salary adjustment recommendations.
B) Always arrange guideline formulas in order by performance rating and comp ratio.
C) Add a formula without any criteria at the bottom of the guideline list to act as a default.
D) Make sure the Enable Guideline Optimization checkbox is selected if your customer has less than
1,000 guidelines.
3. When must you configure a template to be local currency centric?
There are 2 correct answers.
Response:
A) When you want the worksheet to display the budget in the local currency of the planner.
B) When you want the system to assign each employee to the correct currency code based on the employee's country.
C) When you want planners to input data in the currency type in which the employee is paid.
D) When you want to import employee salary in the currency in which the employee is paid.
4. Which of the field can you use when you set up forced comments in the compensation plan template?
There are 2 correct answers.
Response:
A) lumpSum
B) bonus
C) promotion
D) custom
5. Which operations can you use to create formulas?
There are THREE answers for this question
Response:
A) #
B) +
C) /
D) *
E) <<
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: A,D | Question # 4 Answer: A,B | Question # 5 Answer: B,C,D |
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