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1. You customer uses a multi-currency compensation plan template. Where can they update the exchange rate for US Dollars (USD) to Euros (EUR) using the Admin Tools?
Please choose the correct answer.
Choose one:
A) Compensation Home -> Manage worksheets
B) Compensation Home -> Plan Setup -> Setting -> Currency settings
C) Compensation Home -> Actions for all Plans
D) Compensation Home -> Plan Setup -> Plan Details
2. What must you do before generating compensation statements? Please choose the correct answer.
Response:
A) Recall compensation statements from the previous year.
B) Publish the final compensation data to the employee profile.
C) Grant all managers permission to launch statements.
D) Send worksheets to the completed step in the route map.
3. You want to prevent planners from entering a negative merit increase in the compensation worksheet.
Which configuration steps must you perform?
Please choose the correct answer.
Response:
A) Create a guideline rule with the High/Low Action option set to Allow in Admin Tools.
Define each guideline formula with default value of 0
B) Create a guideline rule with the Force Default On Rating Change option set to Yes in Admin Tools.
Delete the <comp-guideline-pattern> in the form template XML.
C) Enable a hard limit stop for the minimum merit guideline in Admin Tools.
Set the minimum value to 0 for all guideline formulas.
D) Select the Enable Guideline Optimization setting in Admin Tools.
Delete the <comp-guideline-pattern> in the form template XML.
4. Which of the following options reflects a best practice for configuring compensation plan guidelines?
Please choose the correct answer.
Response:
A) Add a formula without any criteria at the bottom of the guideline list to act as a default.
B) Always arrange guideline formulas in order by performance rating and comp ratio.
C) Allow planners to enter negative salary adjustment recommendations.
D) Make sure the Enable Guideline Optimization checkbox is selected if your customer has less than
1,000 guidelines.
5. Which compensation permissions are typically enabled for human resource business partners?
There are 3correct answers.
Choose:
A) Manage Plan Template
B) Change User Information
C) Compensation Management
D) Executive Review Read
E) Run Ad Hoc Reports
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: C,D,E |
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