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1. 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 appears on the form and is included in the total budget basis but CANNOT receive an award amount in merit, adjustment or lump sum.
C) The employee appears on the form, is NOT included in the total budget basis and CANNOT receive an award amountin merit, adjustment or lump sum.
D) The employee does NOT appear on the form and their salary is NOT included in the total budget basis.
2. Your customer needs to remove a compensation statement from the system for one employee that was NOT eligible for a merit increase. How can youaccomplish this? Please choose the correct answer.
Choose one:
A) Recall the compensation statement for the employee.
B) Remove the employee from the compensation form and run the 'Update all worksheet' job.
C) Remove the employee from the compensation form andregenerate thse statement
D) Make the employee ineligible for a merit increase using the eligibility engine.
3. Which compensation function requires thejob code and pay grade mapping table?
Please choose the correct answer.
Response:
A) Calculating Compa-Ratio
B) Cascading Budget
C) Compensation History
D) Job Selector
4. Which of the following types of statements are available to use in Success Store for compensation?
There are 2 correct answers.
Response:
A) Combined personal Compensation and variable pay statement
B) Variable pay goal statement
C) Simple personal compensation statement
D) Standard personal variable pay statement
5. 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 performancerating is 4?
Please choose the correct answer.
Choose one:
A) 0%
B) 4%
C) 2%
D) 1%
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C,D | Question # 5 Answer: C |
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