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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Budget Management | 12%-16% | - Budget configuration
|
| Topic 2: Employee Data and Eligibility | 8%-12% | - Import and eligibility rules
|
| Topic 3: Compensation Plan Templates | 8%-12% | - Plan template configuration
|
| Topic 4: Permissions and Executive Review | 8%-12% | - Security and review process
|
| Topic 5: Guidelines and Recommendations | 8%-12% | - Compensation guidelines
|
| Topic 6: Salary and Stock Planning | 8%-12% | - Compensation components
|
| Topic 7: Integration and Implementation | 8%-12% | - System integration
|
| Topic 8: Reports and Statements | 8%-12% | - Output and reporting
|
| Topic 9: Compensation Worksheets | 12%-16% | - Worksheet configuration
|
1. You want to rename the Salary tab of the compensation plan template. Which field type must you
configure?
Please choose the correct answer.
Response:
A) Navigation Fields.
B) Rollup Report Fields.
C) Form Fields.
D) Custom Fields.
2. When should you configure a compensation template using the second manager hierarchy?
Please choose the correct answer.
Response:
A) Your customer wants both the standard manager and the matrix manager to approve compensation.
B) Your customer has more than three manager approval levels in their route map.
C) Your customer wants someone other than the standard manager to make compensation
recommendations.
D) Your customer wants to include inactive employees on the compensation worksheet.
3. Which of the following options reflects a best practice for configuring compensation plan guidelines?
Please choose the correct answer.
Response:
A) Make sure the Enable Guideline Optimization checkbox is selected if your customer has less than
1 ,000 guidelines.
B) Allow planners to enter negative salary adjustment recommendations.
C) Always arrange guideline formulas in order by performance rating and comp ratio.
D) Add a formula without any criteria at the bottom of the guideline list to act as a default.
4. Your customer has customized two compensation statements from the Success Store. One statement is
used for employees in the Manufacturing department and the other is used for all other employees. How
do you make sure that the Manufacturing employees receive the proper statement?
Please choose the correct answer.
Response:
A) Make the Manufacturing statement template the default template.
B) Assign statement groups under Complete Compensation Cycle.
C) Set default permissions for the statement template under Action for All Plans.
D) Use role-based permissions in Admin Tools
5. 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 -> Plan Details
C) Compensation Home -> Plan Setup -> Setting -> Currency settings
D) Compensation Home -> Actions for all Plans
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: D |
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