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| Section | Objectives |
|---|---|
| Compensation Administration | - Compensation Forms
|
| Compensation Planning | - Budget Management
|
| System Configuration and Integration | - Data Model and Business Rules
|
Question 1
In Admin Tools, you configure a merit budget based on a percentage of the current salary. In the 'Based
On' dropdown option you select 'User'. How would you define the budget percentage?
Please choose the correct answer.
Choose one:
A. Import a percentage for each employee in the user data file (UDF).
B. Assign each user to a budget group and then assign group percentages.
C. Use default percentage for all users.
D. Assign a percentage to each user in the Budget Assignment section.
Question 2
Your customer uses the following planning fields in the compensation plan template
Promotion
-
Merit
-
Adjustment
-
Using the design worksheet in the Admin Tools, which standard field would you add to the compensation plan template to display the total amount awarded?
Please choose the correct answer.
Response:
A. Total Raise
B. Total Compensation
C. Total Increase
D. Total Compensation In Local Currency
Question 3
What are the advantages of the Percent of Merit Target budget mode? Please choose the correct answer.
Choose one:
A. It is flexible since it is NOT based on users' imported salaries.
B. It is dynamic since budgets recalculate when new targets are loaded.
C. It is easy to configure since it is based on employee performance and benchmarks.
D. It is client-specific and uses custom calculations if needed.
Question 4
When would you create budget groups?
There are 2 correct answers.
Choose:
A. When a customer wants group assignments to change dynamically
B. When a customer requires a cascading budget
C. When a customer requires different guidelines ranges for each department.
D. When a customer requires different budget strategies for each location
Question 5
Your customer wants to round up all dollar figures in the compensation form to the nearest hundred dollars. What XML code do you need to include in the template to accomplish this?
Please choose the correct answer.
A. <comp-number-format-ext id="defMoneyFormat" mode="truncate" useFor="money">
< comp-number-format-ext-format><![CDATA[#,#00]]></comp-number-format-ext-format>
B. <comp-number-format-extid="defMoneyFormat" mode="truncate" useFor="money">
< comp-number-format-ext-format><![CDATA[#,100]]></comp-number-format-ext-format>
C. <comp-number-format-ext id="defMoneyFormat" mode="truncate" useFor="money">
< comp-number-format-ext-format><![CDATA[#,#0]]></comp-number-format-ext-format>
< comp-number-format-ext-multiple roundingMode="halfUp">100</ comp-number-format-ext-multiple>
D. <comp-number-format-ext id="defMoneyFormat" mode="round" useFor="money">
< comp-number-format-ext-format><![CDATA[#,#00]]></comp-number-format-ext-format>
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: C,D | Question 5 Answer: C |
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