Compensation framework

Question 1

complete this sentence

The Workday compensation framework lets you track compensation at the ___ and ____ ____ level

Answer 1

The Workday compensation framework lets you track compensation at the enterprise and individual worker level

Question 2

what does comp in WD include ?

Answer 2

One or more compensation packages.
Compensation grades and grade profiles with defined pay ranges.
Compensation plan types (e.g. salary, hourly, and allowance).
Compensation elements.
Compensation eligibility rules.

Question 3

name 2 ways WD assigns compensation to an employee

Answer 3

through Biz process transactions such as hire or job change

Question 4

what are some of the eligibility rules that drive comp assignment using worker details ?

Answer 4

org assignments
job profile
location
position
or any other available class report field

Question 5

what does a comp grade do?

Answer 5

provides guidances with reference to pay ranges for a given job or job Level. They define a minimum, midpoint and three four or 5 segments.

Question 6

Does WD require a comp range for the total base bay compensation basis ?

Answer 6

yes .

Question 7

what do comp grade profiles do

Answer 7

allow of localization of pay components

Question 8

what do comp plans do?

Answer 8

provide various types of pay components

Question 9

what do comp packages do ?

Answer 9

group comp grades and comp plans together

Question 10

what do comp eligibility rules do ?

Answer 10

they determine a workers eligibility doe each comp component during staffing and comp transactions.

Default compensation components during staffing
events.

Identify population eligible for merit or bonus target that differs from the default aka assign comp target uniquely to different employee populations for bonus plans, merit plans, stock plans, and grade profiles

you can also use them to roll out or remote comp plans (allowance, bonus commission, merit, stock, and period salary plans) for a target population

Question 11

how do you control comp components a worker is eligible for ?

Answer 11

assign eligibility rules to the comp compenents using one of the below:

Use the Assign Compensation Components to Rule task.
Directly assign rules to each compensation component definition.

Question 12

what criteria often defaults when completing comp staffing transactions ?

Answer 12

Package
Grade and grade profile
Salary and hourly plans
Allowance plans
Stock, merit, and bonus plans

Question 13

how can comp default ? list the methods

Answer 13

Eligibility rules
Grades on job profiles
Default compensation on position
Default compensation on job requisition
Default compensation on offer

Question 14

true or false

To have compensation components populate by default for eligible employees during staffing transactions (hire, job change), you must further assign the eligibility rule to a compensation package and associate the default grade, grade profile, and one or more plans with that package. The rule for plans can be different than the rule for the package the plans are in

Answer 14

True

Question 15

true or false

if a worker is eligible for a package, grade, and a plan in the package, defaulting occurs.

Answer 15

true

Question 16

True or false

If a worker is eligible for a plan that is not in a compensation package, defaulting does not occur, but the plan is available to select.

Answer 16

True

Question 17

true or false

If a worker is not eligible for a plan and the plan is in the compensation package, defaulting does not occur.

Answer 17

true

Question 18

true or false

If a worker is eligible for more than one compensation package or compensation grade, these components will not default but the package, grade, and plans will be available to select.

Answer 18

true

Question 19

true or false

If you use compensation eligibility rules and default compensation from a position, the default compensation overrides the eligibility rules.

Answer 19

true

Question 20

what is a job profile ?

Answer 20

the foundation of each position or job

Question 21

What is a job family ?

Answer 21

A grouping of job profiles that selects all profiles in that job family

Question 22

are employee types tenanted data ?

Answer 22

yes

Question 23

give examples of employee types

Answer 23

regular, intern, or ex-pat

Question 24

what feature on the hire job process is used to indicate worker status

Answer 24

exempt or non-exempt. this is a checkbox

Question 25

management level is what?

Answer 25

A ranking to determine the management level hierarchy assigned to the job profile.

Question 26

define other rules ;

Answer 26

Eligibility rules to build more complex eligibility rules.

Question 27

how many delivered fields are available as criteria for building comp eligibility rules ?

Answer 27

50

Question 28

what happens if you attach two rules to the same comp component ?

Answer 28

the system automatically uses OR logic between the rules

Question 29

what task would you use to test comp eligibility rules ?

Answer 29

Test Compensation Eligibility Rule task. It is used in a specific instance eg an employees hire event. If you expect that the employee is eligible for the compensation component the rule is attached to, then the result should be "yes" The results also display where the rule is currently in use

Question 30

which audit analyzes employees that fit the below criteria : Eligible and assigned to a compensation component. Eligible, but not assigned to a compensation component. Ineligible and assigned to a compensation component

Answer 30

Employee compensation audit

Question 31

if you pulled the Compensation Rule Assignment report what would you expect to see?

Answer 31

the compensation components using the rule. This report also returns a sample population of 50 employees by position that are eligible for these components based on the compensation eligibility rule

Question 32

true or false when creating an optimized comp eligibility rule you must select source fields that have the fewest number of instances.

Answer 32

true .

Question 33

does order in which conditions are listed matter? why or why not?

Answer 33

yes it matters, you must list conditions that exclude the largest number if instances first. Listing general rules first reduces the number of instances evaluated within each condition , thus optimizing the efficiency of your rule

Question 34

what are the 3 items you must use in your condition rule that allow to filter out unnecessary data without using calculated fields ?

Answer 34

Filters, subfilters and related objects

Question 35

True or false: you can set up more than one comp basis and range for a grade

Answer 35

True

Question 36

what task enables you to define the comp element field ? and what are the 2 key things that it does ?

Answer 36

Maintain Compensation Element task this field : Maps compensation plans to payroll earnings. Defines base pay on compensation grades and grade profiles

Question 37

what are examples of comp elements ?

Answer 37

base pay, car allowance and commission

Question 38

What determines an employee's eligibility for a compensation component during staffing events ?

Answer 38

comp eligibility rule

Question 39

What groups together compensation plans and grades ?

Answer 39

comp package

Question 40

What allows for localizations of pay ranges ?

Answer 40

comp grade profile

Question 41

What compensation component do you associate with a workers earnings ?

Answer 41

comp plan

Question 42

True or false You can set up percent, amount or unit based allowance plans to meet business needs ?

Answer 42

True

Question 43

True or false defaulting will only occur if a employee is eligible for MULTIPLE comp packages and comp grades

Answer 43

false, defaulting only occurs if the employee is eligible for one comp package and one comp grade

Question 44

True or false You CANNOT configure allowance plans to allow for override at time of hire, transfer or during other comp related events

Answer 44

False you can configure this

Question 45

what is localization as it pertains to comp components ?

Answer 45

this is when pay varies based on location or some other business related criteria