Compensation Certification Review - Part 2

What additional action would you recommend to your customer for worker-administered plans to control plan availability in addition to HR actions? (Choose the best answer.)

• Manage Individual Contribution

• Manage Contributions

• Manage Variable Allocations

• Manage Worker Contributions

• Allocate Workforce Compensation

An organization provides compensation such as salary and bonus earnings for its workers. It also tracks commissions and company-paid taxes for them.

Which two statements are true when configuring the items? (Choose two.)

• Benefit Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

• Element Entry will require you to specify the Legislative Data Group as the Additional Data Entry.

• Formula will require you to specify the Legislative Data Group as the Additional Data Entry.

• Payroll Balance will require you to specify the Legislative Data Group as the Additional Data Entry.

While administering compensation, the managers in the organization want to first allocate compensation to the outstanding performers with comp-ratio less than 80 and, therefore, want to view only this population. How would you, as a consultant help the managers to achieve this? (Choose the best answer.)

• Use the Advanced Filter option in the worksheet to create a custom condition.

• Control the population by using eligibility profiles.

• Use the sort feature in the worksheet to control this.

• This cannot be done once the population is finalized and the compensation cycle is started.

Which two tasks are true about components in worksheet configurations? (Choose two.)

• Plans must have at least one component if awarding compensation.

• You can create up to five components to represent the different types of compensation that you want to award within a plan.

• Each component has to be of a separate type, such as salary or bonus.

• There is the flexibility to add any number of components within a compensation plan.

While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr-2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on

5- Apr-2014, he is able to see the active plan, but in read-only mode. What could be the possible reason for this? (Choose the best answer.)

• Active plans are always shown in read-only mode until the Worksheet update period starts.

• Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.

• Active plans are always shown in read-only mode once it is past the eligibility determination date.

• Active plans are always shown in read-only mode from the Plan Access start date, which is generally prior to the Worksheet update date.

Identify four correct history categories when setting up compensation history. (Choose four.)

• Salary

• Other Compensation

• Stock

• Recurring Payments

• Payroll Elements

Which three dates are mandatory while creating plan cycles? (Choose three.)

• Evaluation Period Start Date

• Worksheet Update Period Start Date

• Plan Access Start Date

• HR Data Extraction Date

• Default Due Date

If you enable Performance Ratings and rate workers within Workforce Compensation, which two statements are true? (Choose two.)

• Managers can rate workers as they allocate compensation.

• These ratings are used across compensation plan and cycles.

• The ratings are transferred to the Performance Management system or to HR.

• You can display compensation ratings given in the previous plan cycle as a column in the worksheet.

You are configuring a worker-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.)

• Select specific HR actions such as transfer, promotion, and new hire for the plan with access level for each action allowed during a specific period.

• Do not select any additional actions other than Manage Contributions with access level as Create: Always allowed; Update: Allowed during a specified period; Discontinuing: Never allowed.

• Make the plan available for all actions in the list with access level for each action Always allowed.

• Do not select any additional actions other than Manage Contributions with access level for each action as Create: Always allowed; Update: Never allowed; Discontinuing: Allowed during a specified period.

You are responsible for configuring an individual compensation plan with multiple options. Which two statements are true about the plan options? (Choose two.)

• You can associate each option with the same payroll element and input value.

• You can associate each option with only one payroll element and input value.

• You can associate each payroll element with only one plan and option.

• You can associate each payroll element with multiple plans and options.