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| Section | Objectives |
|---|---|
| Topic 1: Data Integration and Configuration | - Employee data and import processes
|
| Topic 2: Compensation Form and Worksheet Design | - Template configuration
|
| Topic 3: Reporting and Analytics | - Compensation reporting tools
|
| Topic 4: Compensation Plan Configuration | - Budget setup and eligibility rules
|
| Topic 5: Variable Pay and Incentive Management | - Variable pay plan design
|
1. In Admin Tools, you configure a merit budget based on a percentage of the current salary. In the 'Based
On' dropdown option you select 'User'. How would you define the budget percentage?
Please choose the correct answer.
Choose one:
A) Assign a percentage to each user in the Budget Assignment section.
B) Import a percentage for each employee in the user data file (UDF).
C) Use default percentage for all users.
D) Assign each user to a budget group and then assign group percentages.
2. Which permission can you use to restrict certain groups from seeing the budget allocation in the
worksheet? Please choose the correct answer. Choose one:
A) Field-based permission
B) Executive review permission
C) Budget assignment permission
D) Budget override permission
3. 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 does NOT appear on the form and their salary is NOT included in the total budget basis.
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 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 does NOT appear on the form but their salary is included in the total budget basis.
4. Your customer's budget for merit is 3% of the employee's annual salary. A full time employee has worked
for the company for half of the year. The guidelines for this employee show adjusted values for the 50%
work time.
Your customer does NOT want to give the manager the full budget for this employee. Only 50% of the
employee's calculated budget is to be included in the budget total. How can you accomplish this?
Please choose the correct answer.
Response:
A) Enable prorating in the guidelines in the Admin Tools.
B) Set 50% for the value in the user data file (UDF) field SALARY_BUDGET_MERIT_PERCENTAGE.
C) Enable prorating in the budget calculation in the Admin Tool.
D) Set 50% as the value for the employee in the user data file (UDF) field COMPENSATION_FTE.
5. When must you configure a template to be local currency centric?
There are 2 correct answers.
Choose:
A) When you want to import employee salary in the currency in which the employee is paid.
B) When you want planners to input data in the currency type in which the employee is paid.
C) When you want the system to assign each employee to the correct currency code based on the
employee's country.
D) When you want the worksheet to display the budget in the local currency of the planner.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A,D |
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