Workday Pro Compensation Certification Exam Questions
and Answers TEST BANK MIDTERM EXAM 2026-2027 || Most
Recent Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded A+ |
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Use Calculate 100% FTE for Pay Range Comparisons
Allows comparisons of part-time workers to their full-time equivalents.
This function is appropriate if using full-time pay ranges and if you select
the Apply FTE% option on the salary plan. The Apply FTE% option has no
impact on calculations.
Compa-ratio Midpoint
Two Options:
Use Calculated 50% Value: Calculates the compa-ratio based on the
midpoint between the min and max.
Use Configured Midpoint Value: Uses a configured midpoint of the range
to calculate the compa-ratio.
Enable Dynamic Display for Compensation Plan Sections
Simplifies assigning compensation during the 'Propose Compensation
Change' process, internal job changes, and internal hires by displaying only
relevant plan
types for the employee. Leaving this option clear will display empty plan
sections with an Add button for plan selections with no plans to select
from
,Creating Compensation Eligibility Rules have three phases
1. Plan: Eligibility rules determine what compensation components
should be available for each employee.
2. Actuals: Staffing events determine which compensation components an
employee is actually participating in. Using compensation eligibility rules to
default compensation components reduces the risk of data entry error. You
may still require manual entry or analysis to enter salary or hourly amounts,
or to manually change the compensation defaults when needed.
3. Payout: Payroll and Compensation elements determine how
compensation pays out.
Employee Compensation Audit
This report analyzes which employees:
Are eligible and assigned to a compensation
component Are eligible and not assigned a
compensation component Are Ineligible and assigned
to a compensation component
Fields in a Salary Plan
Eligibility Rules, Apply FTE%, Compensation Element, Exclude from Merit
Eligibility Rules
Eligibility rules determine which employees are eligible for this salary plan
,Apply FTE%
The FTE percent option allows you to determine how to prorate
compensation
based on employees full-time equivalent hours percentage. There are three
options to select from:
- Apply FTE
- Use assigned value in 100% Calculation
-None of the above
Compensation Element
Tie compensation components to pay components, allowing Payroll to
process the earnings. You can tie one or more compensation elements to
the Base Pay Element field on the compensation grade to define Total
Base Pay.
Exclude from Merit
Select this checkbox if you do not want a salary plan included in the
compensation review process. Exclude from merit if an employee has more
than one salary plan, and only one plan should receive a merit increase.
Fields you can select or populate on a salary plan
Eligibility rules, Apply FTE %, Compensation Element, Exclude from Merit
Checkbox
Fields of a Period Salary Plan
Compensation Period Multiplier, Compensation Period, Compensation Basis,
Period Salary Plan Profiles
, Compensation Period Multiplier
Enter the multiplier for the period. For example, if the 13th month pays at 1.5
times salary, enter that value as the multiplier
Compensation Period
Select one of the defined compensation periods to determine the length of
a pay period.
Compensation Basis
Select a compensation basis to associate with a percent based plan. This
basis will determine the target amount for this plan.
Workday Delivered Compensation Basis
1. Total salary allowances (can be hidden)
2. Total base pay (configurable)
3. Eligible earnings override (used for custom award calculations via
spreadsheet import)
*Companies can create custom compensation basis and configure
eligibility rules for them.
Period Salary Plan Profiles
Allows you to create one period salary plan with profiles that can have
different compensation period multipliers and compensation bases
and Answers TEST BANK MIDTERM EXAM 2026-2027 || Most
Recent Exam Actual Complete Real Exam Questions And
Correct Answers (Verified Answers) Already Graded A+ |
Guaranteed Success!! Brand New Exam | Just Released!!
Use Calculate 100% FTE for Pay Range Comparisons
Allows comparisons of part-time workers to their full-time equivalents.
This function is appropriate if using full-time pay ranges and if you select
the Apply FTE% option on the salary plan. The Apply FTE% option has no
impact on calculations.
Compa-ratio Midpoint
Two Options:
Use Calculated 50% Value: Calculates the compa-ratio based on the
midpoint between the min and max.
Use Configured Midpoint Value: Uses a configured midpoint of the range
to calculate the compa-ratio.
Enable Dynamic Display for Compensation Plan Sections
Simplifies assigning compensation during the 'Propose Compensation
Change' process, internal job changes, and internal hires by displaying only
relevant plan
types for the employee. Leaving this option clear will display empty plan
sections with an Add button for plan selections with no plans to select
from
,Creating Compensation Eligibility Rules have three phases
1. Plan: Eligibility rules determine what compensation components
should be available for each employee.
2. Actuals: Staffing events determine which compensation components an
employee is actually participating in. Using compensation eligibility rules to
default compensation components reduces the risk of data entry error. You
may still require manual entry or analysis to enter salary or hourly amounts,
or to manually change the compensation defaults when needed.
3. Payout: Payroll and Compensation elements determine how
compensation pays out.
Employee Compensation Audit
This report analyzes which employees:
Are eligible and assigned to a compensation
component Are eligible and not assigned a
compensation component Are Ineligible and assigned
to a compensation component
Fields in a Salary Plan
Eligibility Rules, Apply FTE%, Compensation Element, Exclude from Merit
Eligibility Rules
Eligibility rules determine which employees are eligible for this salary plan
,Apply FTE%
The FTE percent option allows you to determine how to prorate
compensation
based on employees full-time equivalent hours percentage. There are three
options to select from:
- Apply FTE
- Use assigned value in 100% Calculation
-None of the above
Compensation Element
Tie compensation components to pay components, allowing Payroll to
process the earnings. You can tie one or more compensation elements to
the Base Pay Element field on the compensation grade to define Total
Base Pay.
Exclude from Merit
Select this checkbox if you do not want a salary plan included in the
compensation review process. Exclude from merit if an employee has more
than one salary plan, and only one plan should receive a merit increase.
Fields you can select or populate on a salary plan
Eligibility rules, Apply FTE %, Compensation Element, Exclude from Merit
Checkbox
Fields of a Period Salary Plan
Compensation Period Multiplier, Compensation Period, Compensation Basis,
Period Salary Plan Profiles
, Compensation Period Multiplier
Enter the multiplier for the period. For example, if the 13th month pays at 1.5
times salary, enter that value as the multiplier
Compensation Period
Select one of the defined compensation periods to determine the length of
a pay period.
Compensation Basis
Select a compensation basis to associate with a percent based plan. This
basis will determine the target amount for this plan.
Workday Delivered Compensation Basis
1. Total salary allowances (can be hidden)
2. Total base pay (configurable)
3. Eligible earnings override (used for custom award calculations via
spreadsheet import)
*Companies can create custom compensation basis and configure
eligibility rules for them.
Period Salary Plan Profiles
Allows you to create one period salary plan with profiles that can have
different compensation period multipliers and compensation bases
