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| Section | Weight | Objectives |
|---|---|---|
| Base Pay Configuration | 25% | - Set up salary basis and components - Configure compensation zones and base pay structures - Manage grade rates, salary ranges and progression ladders |
| Total Compensation Statements | 15% | - Generate and manage compensation statements - Define statement definitions and items |
| Workforce Compensation | 25% | - Performance ratings, approvals and administration - Plan design, setup and configuration - Budgets, models, worksheets and cycles - Validation, batch processes and change statements |
| Individual Compensation | 20% | - Define and configure individual compensation plans - Set up approvals, history and eligibility |
| Elements, Balances, and Formulas | 15% | - Configure balances and formulas for compensation - Explain element classifications and eligibility |
Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
Correct Answer: A,C,F,G 🗳️
While you are setting up Stock Details, you notice that the details you entered are different from the ones showing up in system.
What could have been the possible reasons for this? (Choose the best answer.)
Correct Answer: D 🗳️
Employee X was hired on 5 March 2014 as a Web Designer and was reporting to Manager Y. On 10 September 2014, this employee was transferred to Manager Z to work as an Online Campaign designer. The company where Employee X works is doing a compensation cycle for the current year starting 1 October 2014. The employee record set up in the plan setting is "Employment terms," while the Legal Employer of Employee X uses a two-tier model.
On which manager's worksheet does Employee X appear? (Choose the best answer.)
Correct Answer: B 🗳️
Identify the four components that can be included in a fast formul
a. (Choose four.)
Correct Answer: B,C,D,E 🗳️
You client has a requirement that allows a salary adjustment based on the number of dependents the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this? (Choose the best answer.)
Correct Answer: D 🗳️
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