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1. Your customer requires the stock budget allocation for each employee to be visible on the compensation worksheet. How can you achieve this?
Please choose the correct answer.
Response:
A) Add a guideline field in the design worksheet labeled as "Stock Budget Allocation".
B) Add a new budget calculation based on "User" and use "STOCK_BUDGET_STOCK_AMOUNT" as the import key.
C) Create a custom field and pull data from the "STOCK_BUDGET_STOCK_AMOUNT" column of the user data file (UDF)
D) Create a custom field and use the Direct Amount budget mode for stocks.
2. 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) Add a formula without any criteria at the bottom of the guideline list to act as a default.
C) Always arrange guideline formulas in order by performance rating and comp ratio.
D) Allow planners to enter negative salary adjustment recommendations.
3. When must you configure a template to be local currency centric?
There are 2 correct answers.
Response:
A) When you want the system to assign each employee to the correct currency code based on the employee's country.
B) When you want planners to input data in the currency type in which the employee is paid.
C) When you want the worksheet to display the budget in the local currency of the planner.
D) When you want to import employee salary in the currency in which the employee is paid.
4. Your customer isusing one goal section and one competency section. The customer displays section weights in the performance review form which is equally important. Based on the requirement and best practices, what weights do you assign to the sections?
Please choose the correct answer.
Response:
A) Goal section 0%, competency section0%
B) Goal section 50%, Competency section 50%
C) Goal section 25%, Competency section 25%
D) Goal section 100%, Competency section 100%
5. Your customer has different compensation plan templates for stock and compensation.
This customer therefore wants to use one combined compensation statement.
What can you use to achieve this?
Please choose the correct answer.
Response:
A) Role-based permissions
B) The interoperability option
C) The Assign Statement Groups option
D) The Secondary Plan option
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C,D | Question # 4 Answer: B | Question # 5 Answer: D |
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