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| Section | Objectives |
|---|---|
| Compensation Templates and Forms | - Template Configuration - Routing and Permissions |
| Reporting and Analytics | - Compensation Reports - Executive Review Dashboards |
| Eligibility and Guidelines | - Merit and Budget Guidelines - Employee Eligibility Rules |
| Variable Pay | - Variable Pay Plans Setup - Bonus Calculation and Rules |
| Compensation Administration | - Compensation Planning Overview - Compensation Process Configuration |
1. Your customer uses a look-up table to calculate custom budgets as shown in the attached screenshot.
The budget is based on an employee's country and status. In the template, the country is defined with the field ID customCountry and the status defined with the field ID customStatus.
What is the correct syntax to calculate merit budget?
Response:
A) toNumber(lookup("2018_BudgetPool", customCountry, customStatus, merit)) * curSalary
B) toNumber(lookup("2018_BudgetPool", customCountry, customStatus, 1)) * curSalary
C) toNumber(lookup, "2018_BudgetPool", customCountry, customStatus, 1) * curSalary
D) lookup(toNumber("2018_BudgetPool", customCountry, customStatus, merit)) * curSalary
2. What must you do before generating compensation statements?
Please choose the correct answer.
Response:
A) Publish the final compensation data to the employee profile.
B) Recall compensation statements from the previous year.
C) Grant all managers permission to launch statements.
D) Send worksheets to the completed step in the route map.
3. Which of the following is a recommended option for updating the Employee Profile with compensation data?
There are 2 correct answers.
Response:
A) Create a custom portlet on the employee profile and import compensation data to the portlet using the Import Extended User Information option.
B) Permission Human Resource users to enter compensation data on fields in a custom background portlet as part of the profile completion process.
C) Publish new compensation data from the compensation worksheet directly to the Employee Profile in a standard compensation portlet.
D) Import historical compensation data in custom compensation columns on the user data file (UDF) and create a custom background portlet to display the data.
4. When setting up rating sources in a compensation plan template, which of the following rating types can you select?
There are 2 correct answers.
Response:
A) overall360
B) overallPerformance
C) overallCompetency
D) overallPerformancePotential
5. A planner recommends a $5000 equity award. Using the stock value table as shown in the attached screenshot and a 50/50 value award split between stock and options, how many units of each does the employee receive?
Please choose the correct answer.
Response:
A) 25 shares of stock and 15 options
B) 125 shares of stock and 125 options
C) 200 shares of stock and 334 options
D) 100 shares of stock and 167 options
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A,C | Question # 4 Answer: B,C | Question # 5 Answer: D |
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