HRC - Compensation

In Compensation, which of these changes once approved can be sent to HR & Payroll seamlessly? (Select All That Apply)

• Demographic Changes

• Rate / Salary Changes

• Department Changes

• Bonus Amounts

True or False. A Service Bureau User must impersonate the client user/admin to functionally use Compensation without errors.

• True

• False

What are the two options under the Configuration Menu Area?

• Reporting

• Bonus Setup

• Plan Setup

• Statement Templates

Which of the following below in HR & Payroll must be configured first before a Lump Sum Bonus Plan is created in Compensation?

• Positions

• Address

• Rate of Pay / Salary

• Job Title

When creating a New Compensation Plan, which of the following is not a step within the wizard?

• Preview & Launch

• Plan Participants

• General

• Eligibility

• Plan Rules

True or False. Under Plan Participants, the user/admin can restrict eligible population by cost center, employment type, employment dates, and positions.

• True

• False

When creating a plan and enabling Plan Guidelines, the user/admin can select one of these guideline types.

• Performance

• Position

• Performance + Pay Grade

• Pay Grade

True or False. The only type of compensation plan we have available for the client is the Merit - Annual plan.

• True

• False

When creating a Lump Sum Bonus plan, which of the following frequency is not available?

• Annual

• Quarterly

• Monthly

• Bi-Weekly

True or False. When creating a Statement Template, users are only limited to the 8 colors they see on the page. They cannot use any other color hex codes.

• True

• False