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| Section | Objectives |
|---|---|
| Topic 1: Base Compensation Configuration | - Salary basis setup - Grade, grade step, and salary structure configuration |
| Topic 2: Total Compensation Configuration | - Budgeting and allocation rules - Compensation statements setup |
| Topic 3: Elements and Compensation Basics | - Element configuration and usage in compensation plans - Earnings and deductions setup |
| Topic 4: Security and Administration | - Roles and data security for compensation - Access and approval flows |
| Topic 5: Workforce Compensation Implementation | - Compensation plans setup - Eligibility and workforce rules |
What are the two correct options with respect to budgeting when the salary has multiple components? (Choose two.)
Correct Answer: C,D 🗳️
Explanation: Only visible for PracticeTorrent members. You can sign-up / login (it's free).
Your customer's Workforce Compensation Plan for Annual Salary Review is set up with the following dates in the Plan Cycle:
Evaluation Period Start Date: 1-Jan-2014
Evaluation Period End Date: 31-Dec-2014
Worksheet Update Period Start Date: 1-Jan-2014
Worksheet Update Period End Date: 31-Dec-2014
HR Data Extraction: 31-Dec-2014
Eligibility Determination Date: 31-Dec-2014
There is a worker with a termination date of 30-Oct-2014. When the Transfer Data to HR process is run, it fails for this worker. What should you do to successfully add the lump sum award element entries and salary adjustments? (Choose the best answer.)
Correct Answer: E 🗳️
Which three tasks are part of Plan Foundation Configuration Options? (Choose three.)
Correct Answer: A,B,C 🗳️
You are configuring a work-administered individual compensation plan where your workers can enroll in the plan anytime during the year, but can discontinue their contributions only in the month of March each year. How should you achieve this? (Choose the best answer.)
Correct Answer: B 🗳️
Your customer's compensation manager needs to know, what are the four valid statuses of the compensation worksheet? (Choose four.)
Correct Answer: B,C,E,F 🗳️
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