Definitions 1
Definitions 2
Demo
Setup and Tasks
Misc
100
A sum of money paid to a new employee and is designed to be an incentive for that employee to join the company.
What is SIGN ON BONUS
100
Complete non-recurring payment consisting of a single amount of money
What is LUMP SUM
100
This status symbol will be shown when a compensation plan task is completed/looked at.
What is GREEN CHECK MARK
100
The task where you set up frequency of the plan as well as annualization factors.
What is PLAN DETAILS
100
This alert type is a hard stop
What is WARNING
200
This defines how to calculate eligibility criteria that change over time, such as a person’s age or length of service.
What is DERIVED FACTORS
200
DOUBLE POINTS: The advancement of an employee's rank or position in an organizational hierarchy system
What is PROMOTION
200
Create this alert expression. Description: Merit Increase is below the salary increase guide minimum. [Increase Guide - Min] [Increase Guide - Max] [Bonus Amount] [Merit %] >, <, =, +, -
What is [Merit %] < [Increase Guide - Min]
200
The task where you enable columns to appear in the summary and detail tables.
What is WORKSHEET DISPLAY
200
Manual workers, usually those employed in production, maintenance, and related occupations, and paid by the hour or on an incentive basis.
What is BLUE COLLAR WORKERS
300
A user-defined set of criteria used to determine whether a person qualifies for a benefits offering, variable rate or coverage, compensation plan, checklist task, or other object for which a person falls within the criteria established.
What is ELIGIBILITY PROFILE
300
Custom factors used to determine eligibility for objects such as benefits offerings and rates, compensation plans, and checklist tasks.
What is USER-DEFINED CRITERIA
300
A Run Batch Process that will reverse a completed Start Workforce Compensation Cycle process or remove salary, payroll and HR changes posted.
What is BACK OUT
300
One guess only for the person that selected this question. +300 with each slide adding a multiplier. SEE BONUS SLIDE
What is Lando Calrissian
300
Every compensation plan must have at least one of these. You may have up to five of them to represent the different types of compensation that you want to award within a plan.
What are COMPONENTS
400
User-selected way a model automatically calculates workforce compensation budget amounts, compensation amounts, or targets.
What is ALLOCATION METHOD
400
Refers to the pay relationships among jobs within the organization or compared to labor market
What is EQUITY
400
These are conditional statements, or expressions, that you use to calculate and display values that vary by worker or to change the value of one column based on the value of another.
What is DYNAMIC COLUMNS
400
This is where you configure “preferences” that will affect all compensation plans.
What is GLOBAL SETTINGS
400
This communicates compensation, rewards, and benefits to workers. It can include compensation often overlooked by workers, such as fringe benefits or perks, company contributions towards health and welfare benefits, the value of stock grants, and paid time off.
What is TOTAL COMP STATEMENT
500
A person employed to fill a temporary need for labor stemming from absence of regular employees, seasonal or irregular increases in need for workers, or other temporary or short term circumstances. These people may be employees of the company for which they work, independent contractors, or employees of temporary help firms.
What is CONTINGENT WORKER
500
This is often referred to as whole job methods, as they evaluate the entire job and place different jobs in hierarchical order without a numeric value being assigned to each job. As a result, one can tell that job A is valued more than Job B but not how much more it is valued.
What is NONQUANTITATIVE METHOD
500
Creating Budget Pools – The reason given by Pushpinder that the budget would be in non-monetary units.
What is STOCK
500
This task is where you take the most time in setting up a compensation plan. You can set up dynamic calculations and column properties in this task.
What is WORKSHEET DISPLAY
500
These can be written based on the needs of the client to be used in the compensation worksheet and/or eligibility profile. You can create simple to complex script/code that require multiple compound conditions or multiple database records.
What is FAST FORMULA
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