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1. Which compensation column in the User Data File (UDF) is required for multi-currency deployments?
Please choose the correct answer.
Response:
A) Local currency code
B) Functional currency code
C) Salary type
D) Country
2. Your customer has part time employees. What do you configure in the system to have it calculate the compa-ratio, range penetration, current salary and adjusted salary ranges?
Please choose the correct answer.
Choose one:
A) Set COMPENSATION_SAL_RATE_TYPE in the user data file (UDF) to FULL_TIME or PART_TIME.
B) Set SALARY_PRORATING in the user data file (UDF) to the percent that the employees work full time.
C) Set the XML tag "is Actual Salary Imported" to TRUE in the compensation plan template.
D) Add the standard FTE field to the compensation plan template.
3. 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) Create a custom field and pull data from the "STOCK_BUDGET_STOCK_AMOUNT" column of the user data file (UDF)
B) Create a custom field and use the Direct Amount budget mode for stocks.
C) Add a guideline field in the design worksheet labeled as "Stock Budget Allocation".
D) Add a new budget calculation based on "User" and use "STOCK_BUDGET_STOCK_AMOUNT" as the import key.
4. Which of the following options reflects a best practice for configuring compensation plan guidelines?
Please choose the correct answer.
Response:
A) Always arrange guideline formulas in order by performance rating and comp ratio.
B) Make sure the Enable Guideline Optimization checkbox is selected if your customer has less than
1,000 guidelines.
C) Add a formula without any criteria at the bottom of the guideline list to act as a default.
D) Allow planners to enter negative salary adjustment recommendations.
5. Which of the following types of statements are available to use in Success Store for compensation?
There are 2 correct answers.
Response:
A) Variable pay goal statement
B) Combined personal Compensation and variable pay statement
C) Standard personal variable pay statement
D) Simple personal compensation statement
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C,D |
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