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| Section | Weight | Objectives |
|---|---|---|
| Reports and Statements | 8%-12% | - Output and reporting
|
| Guidelines and Recommendations | 8%-12% | - Compensation guidelines
|
| Employee Data and Eligibility | 8%-12% | - Import and eligibility rules
|
| Budget Management | 12%-16% | - Budget configuration
|
| Integration and Implementation | 8%-12% | - System integration
|
| Salary and Stock Planning | 8%-12% | - Compensation components
|
| Permissions and Executive Review | 8%-12% | - Security and review process
|
| Compensation Plan Templates | 8%-12% | - Plan template configuration
|
| Compensation Worksheets | 12%-16% | - Worksheet configuration
|
1. Your customer has the following requirements for their compensation plan:
1 . Use a hard stop in the customer's guidelines
2 . Display only the high and low values in the compensation worksheet.
3 . Display a prompt message to planners if they go outside of the high/low values.
Which guideline rule settings must you set to fulfill these requirements?
Please choose the correct answer.
Response:
A) <comp-guideline-pattern>low-high</comp-guideline-pattern>Hard Limit: Yes High/Low Action: Warn
B) <comp-guideline-pattern>min-max</comp-guideline-pattern>HardLimit: Yes High/Low Action: Warn
C) comp-guideline-pattern>low-high</comp-guideline-pattern>Hard Limit: Yes High/Low Action: Allow
D) <comp-guideline-pattern>min-max</comp-guideline-pattern>Hard Limit: Yes High/Low Action: Allow
2. Which information is included in the rollup report? Please choose the correct answer.
Response:
A) The sum of budget and total spend for each planner in the hierarchy
B) The sum of budget and total spend for each division, department, or location
C) The total number of employees that received a promotion summarized by job level.
D) The average bonus payout amount for each location
3. Your customer has a compensation plan template with the functional currency EUR. The manager's own
currency is USD. The manager's compensation worksheet contains employees who are paid in the
following currencies: EUR, USD, CHF and GBP.
Which view must you enable to make sure the manager can display the salary of all of their employees in
USD?
Please choose the correct answer.
Choose one:
A) The includePlannerCurrency view
B) The includeAnyCurrency view
C) The includeLocalCurrency view
D) The includeFunctionalCurrency view
4. 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 and their salary is NOT included in the total budget basis.
B) 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.
C) The employee does NOT appear on the form but their salary is included in the total budget basis.
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.
5. What are the advantages of the Percent of Merit Target budget mode?
Please choose the correct answer.
Response:
A) It is easy to configure since it is based on employee performance and benchmarks.
B) It is flexible since it is NOT based on users' imported salaries.
C) It is client-specific and uses custom calculations if needed.
D) It is dynamic since budgets recalculate when new targets are loaded.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |
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