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| Section | Weight | Objectives |
|---|---|---|
| Individual Compensation | 20% | - Define and configure individual compensation plans - Set up approvals, history and eligibility |
| Workforce Compensation | 25% | - Performance ratings, approvals and administration - Plan design, setup and configuration - Budgets, models, worksheets and cycles - Validation, batch processes and change statements |
| Elements, Balances, and Formulas | 15% | - Configure balances and formulas for compensation - Explain element classifications and eligibility |
| Total Compensation Statements | 15% | - Generate and manage compensation statements - Define statement definitions and items |
| 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 |
1. Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
A) Budget Available
B) Started
C) Processed
D) Unprocessed
E) Closed
F) Fully Approved
G) Submitted
H) Partially approved
2. 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.)
A) You do not have the privileges to change Stock Details.
B) You may have forgotten to save the changes made.
C) Network connectivity issue may have hindered your data being sent to the server.
D) Another administrator might have accessed these settings after you have saved it.
3. 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.)
A) Manager Y, because this is the original manager of Employee X.
B) Employee X does not appear on any manager's sheet, because he will not be evaluated by the compensation plan.
C) Manager Z, because this is the current manager to whom Employee X is reporting.
D) Both Manager Y and Manager Z, because he has worked under both of them during the current cycle.
4. Identify the four components that can be included in a fast formul
a. (Choose four.)
A) Output statement
B) Conditions
C) Assignment statements
D) Comments
E) Input statement
F) Symbolic variables
5. 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.)
A) It is not possible to achieve this, because only the delivered salary components can be used.
B) The Compensation Models
C) The Configure Compensation Component task in Manage plans
D) The Salary Component Lookup
Solutions:
| Question # 1 Answer: A,C,F,G | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B,C,D,E | Question # 5 Answer: D |
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