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| Section | Weight | Objectives |
|---|---|---|
| Data Management and Import | 15% | - Data integration with Employee Central - Employee data import and validation - Lookup tables and reference data |
| Compensation Plan Setup | 20% | - Plan creation and configuration - Eligibility and routing rules - Merit, bonus, and equity plans |
| Reporting and Workflows | 10% | - Approval workflow configuration - Audit and change tracking - Standard and custom reports |
| Compensation Statements | 15% | - Personalization and data display - Statement template design - Generation and distribution process |
| Compensation Worksheets | 20% | - Data population and calculation rules - Worksheet configuration and layout - Permissions and role-based access |
| Budgeting and Guidelines | 20% | - Guideline configuration and enforcement - Budget setup and distribution - Budget roll-up and adjustment |
1. Using role-based permission (RBP), which permissions are typically granted to a group composed of the senior leadership team?
There are 2 correct answers.
Response:
A) Route map management
B) Executive review access
C) Form template management
D) Ad hoc reports and dashboards
2. Your customer needs a budget that calculates a percentage of imported values for each employee on the compensation worksheet.
Which Based On option can you use to fulfill this requirement?
Please choose the correct answer.
Response:
A) Group
B) User
C) Template
D) Import
3. 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.
Response:
A) Set COMPENSATION_SAL_RATE_TYPE in the user data file (UDF) to FULL_TIME or PART_TIME.
B) Add the standard FTE field to the compensation plan template.
C) Set the XML tag "isActualSalaryImported" to TRUE in the compensation plan template.
D) Set SALARY_PRORATING in the user data file (UDF) to the percent that the employees work full time.
4. A planner recommends a $5000 equity award. Using the stock value table as shown in the attached screenshot and a 50/50 value award split between stock and options, how many units of each does the employee receive?
Please choose the correct answer.
Response:
A) 125 shares of stock and 125 options
B) 200 shares of stock and 334 options
C) 25 shares of stock and 15 options
D) 100 shares of stock and 167 options
5. Which of the following types of statements are available to use in Success Store for compensation?
There are 2 correct answers.
Response:
A) Combined personal Compensation and variable pay statement
B) Variable pay goal statement
C) Simple personal compensation statement
D) Standard personal variable pay statement
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C,D |
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