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1. You configure the following salary rule in the compensation plan template XML.
<comp-salary-rule useFor="merit" benchmark="range-penetration"
actionOnExceed="disallow"><comp-salary-rule-threshold>100.0</comp-salary-rule- threshold><message-on-exceed><![CDATA[ You have exceeded the maximum of the salary range.
]]></message-on-exceed></comp-salary-rule>
On the compensation worksheet, a planner enters a merit increase, which puts the employee's final salary over the maximum for the salary range. How does the system behave?
Response:
A) The rule prevents the planner from saving the merit increase. The planner must go back and change their merit recommendation.
B) A popup message asks the planner if the exceeded amount should be assigned to lump sum. The planner can save the merit recommendation by selecting "Cancel" in the pop-up message.
C) The rule alerts the planner that the range penetration threshold has been exceeded and the merit field text turns red. The planner saves the merit recommendation.
D) A popup message asks the planner if the exceeded amount should be assigned to lump sum. The planner cannot save the merit increase by selecting "Cancel" in the pop-up message.
2. 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) 25 shares of stock and 15 options
C) 100 shares of stock and 167 options
D) 200 shares of stock and 334 options
3. Where can you set permissions for the other details tab?. (1 Answer)
A) In the performance form XML -> Meta section
B) In admin center -> Forms template settings
C) In admin center -> legal scan library
D) In provisioning -> Company settings
4. 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.
Response:
A) Compensation Home -> Manage worksheets
B) Compensation Home -> Actions for all Plans
C) Compensation Home -> Plan Setup -> Setting -> Currency settings
D) Compensation Home -> Plan Setup -> Plan Details
5. You use date-based proration and you do NOT include dates in the user data file (UDF) for an employee. What dates does the system use to calculate the proration percent?
Please choose the correct answer.
Response:
A) January 1 to December 31 of the current year.
B) The start date and end date of the customer's fiscal year.
C) The start date and end date of the compensation worksheet.
D) The review start date and review end date configured in the compensation template.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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