Compensation (EP) Flashcards
If you assign a grade to the common set, is the grade available for use in:
A. All Business Units
B. Specified Business Units
Answer: A
Grades are keyed by a reference data set (SetID). (T/F)
True
Grades can be set up:
A. with steps.
B. without steps.
C. with or without steps.
Answer C
Define Grade Steps
Grades steps are distinct increments of progression within a grade.
Define Grade Rate Values
grade rate values are compensation amounts associate with each grade
True or False:
Grade rates serve only as a guideline to validate that the salary you propose during the compensation process for a worker is appropriate for their current grade.
True
What is used to configure the amount, range, currency, and legislative data group (LDG) associated with each salary grade?
A Grade Rate
What is another term for Grade step progression?
Progression ladders
What is Grade Step Progression used for?
It is used to move workers automatically from one grade or grad and step to the next level within a grade ladder.
What is the basic process for managing grade step progression?
- Create the progression grade ladder and enter general properties.
- Add grades.
- Add rules at the ladder, grade, and step level.
- Run the progression grade ladder process
- Review the results and accept the updates.
What are the two available Grade step progression batch processes? And what do they do?
- Run Grade step Progression Process
- Synchronize Grade Step Rates process
These processes will update worker’s assignment and salary records, based on rates and rules associated with a progression grade ladder.
What are salary range differential values?
Salary range differential values are multipliers applied to grade rates to adjust them.
What are salary range differential values associated with?
Salary range differential values are associated with a salary range differential profile which is linked to the salary basis.
