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| Section | Weight | Objectives |
|---|---|---|
| Integration and Implementation | 8%-12% | - System integration
|
| Salary and Stock Planning | 8%-12% | - Compensation components
|
| Budget Management | 12%-16% | - Budget configuration
|
| Permissions and Executive Review | 8%-12% | - Security and review process
|
| Guidelines and Recommendations | 8%-12% | - Compensation guidelines
|
| Compensation Worksheets | 12%-16% | - Worksheet configuration
|
| Reports and Statements | 8%-12% | - Output and reporting
|
| Compensation Plan Templates | 8%-12% | - Plan template configuration
|
| Employee Data and Eligibility | 8%-12% | - Import and eligibility rules
|
1. 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.
Choose one:
A) 1%
B) 2%
C) 4%
D) 0%
2. What are the advantages of the Percent of Merit Target budget mode? Please choose the correct answer.
Choose one:
A) It is easy to configure since it is based on employee performance and benchmarks.
B) It is flexible since it is NOT based on users' imported salaries.
C) It is client-specific and uses custom calculations if needed.
D) It is dynamic since budgets recalculate when new targets are loaded.
3. What can you do with a compensation profile?
There are 3 correct answers.
Choose:
A) Enter recommendations.
B) Import salary history into the profile
C) View budget.
D) Display salary history.
E) Promote an employee
4. You use date-based proration and you do NOT include dates in the user data file (UDF) for an employee.
What dates does the system use to calculate the proration percent? Please choose the correct answer.
Response:
A) The start date and end date of the customer's fiscal year.
B) The start date and end date of the compensation worksheet.
C) The review start date and review end date configured in the compensation template.
D) January 1 to December 31 of the current year.
5. You want to display the percentage of employees in each pay grade who are eligible to receive a stock
grant.
Which of the following activities must you perform to do this?
Please choose the correct answer.
Response:
A) Create an eligibility engine rule in the Admin Tools which defines stock eligibility by pay grade.
B) Create a custom stock field with a formula that calculates stock grant percentages per pay grade.
C) Upload a stock participation guideline table CSV file in the Admin Tools.
D) Import the value TRUE in the STOCK_UNITS_ELIGIBLE column of the user data file (UDF) for users
with eligible pay grades.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B,D | Question # 4 Answer: A | Question # 5 Answer: C |
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