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| Section | Weight | Objectives |
|---|---|---|
| Compensation Data and Calculations | 18%-22% | - Job code and pay grade mapping - Salary and adjustment calculations - Compa-ratio and range penetration |
| Budget Management | 12%-16% | - Budget calculation and adjustment - Cascading budget configuration - Budget setup and allocation |
| Worksheet Design and Display | 14%-18% | - Column and field configuration - Executive review settings - Formulas and business rules |
| Compensation Plan Template Configuration | 16%-20% | - XML configuration and Success Store - Template setup and creation - Role-based permissions (RBP) |
| Integration and Advanced Features | 6%-10% | - LTI and stock plans - Route map configuration - Integration with Employee Central |
| Guidelines and Eligibility | 10%-14% | - Guideline configuration - Eligibility rules and criteria - Standard vs custom guidelines |
| Compensation Statements and Reporting | 8%-12% | - Ad hoc reports and dashboards - Compensation history setup - Statement template design |
1. When must you configure a template to be local currency centric?
There are 2 correct answers.
Choose:
A) When you want planners to input data in the currency type in which the employee is paid.
B) When you want the worksheet to display the budget in the local currency of the planner.
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 to import employee salary in the currency in which the employee is paid.
2. Which operators can you create formulas?
There are 3 correct answers.
Response:
A) <<
B) *
C) #
D) /
E) +
3. 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) Set 50% as the value for the employee in the user data file (UDF) field COMPENSATION_FTE.
B) Enable prorating in the guidelines in the Admin Tools.
C) Enable prorating in the budget calculation in the Admin Tool.
D) Set 50% for the value in the user data file (UDF) field SALARY_BUDGET_MERIT_PERCENTAGE.
4. Your customer notices incorrect data in the standard Current Salary column on a launched compensation
worksheet. What must the customer do to correct the salary data on the worksheet?
Please choose the correct answer.
Choose one:
A) Import the correct data for Current Salary through Executive Review offline edits.
B) Select 'No' for the 'Read-only' option of the Current Salary column in the Column Designer and enter
the correct data on the worksheet.
C) Import the correct data in the SALARY and COMPENSATION_SAL_RATE_UNITS columns of the user
data file (UDF).
D) Enter the correct Current Salary data directly on the worksheet using Executive Review.
5. 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 but their salary is included in the total budget basis.
B) The employee does NOT appear on the form and their salary is NOT included in the total budget basis.
C) 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.
D) 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.
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B,D,E | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |
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