Products tagged "Workday-Pro-Compensation Questions"
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Q1. A client has several individual payment plans within a tenant. They want to make sure that during a payment event, only a single one-time payment is processed.
How should this be set up?

A. Segment access to the Domain: One Time Payment
B. Apply a rule-driven business process configuration
C. Activate Multiple One-Time Payments in the Edit Tenant Setup – HCM > Compensation
D. Keep Multiple One-Time Payments disabled in the Edit Tenant Setup – HCM > Compensation

Answer: D

Q2. A firm wants to build a compensation foundation for its sales department. This foundation should cover:
Base pay
Monthly commission income
Quarterly incentive plan
How should they set up this compensation foundation?

A. Develop a flexible compensation foundation that includes salary, commission, and bonus plan.
B. Utilize the total salary and allowances foundation and incorporate the bonus plan.
C. Establish a new compensation grade and link the appropriate compensation plans.
D. Create a calculated compensation foundation, including salary, commission, and bonus plan.

Answer: A

Q3. You have a seniority-based dynamic calculated plan that increases the plan amount every three years of an employee’s service. An employee has completed six years. What actions are needed to ensure the employee’s plan updates with the new amount?

A. You must design a custom audit report to track employees reaching their anniversary, then submit a Request Compensation Change to trigger the calculation and revise the amount for the employee.
B. You must configure the Schedule Automatic Step Progression task so Workday processes the calculation on the anniversary date and updates the amount for the employee.
C. You must arrange a Mass Operation Management task to review and update all employees linked to the dynamic plan.
D. No action is needed. Workday performs a daily check and automatically adjusts the amount for the employee.

Answer: D

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