Workday Compensation Knowledge Checks Questions with Correct Answers

1. How are compensation components grouped to ensure accurate defaulting? Correct Answer Pulled together in a compensation package 1. A compensation grade provides a: Correct Answer Reference when entering a salary 1. T/F: As a compensation partner, you can edit grade ranges. Correct Answer False 1. T/F: Compensation eligibility rules are required when creating a compensation plan Correct Answer False 1. The Employee Visibility Date enables you to select which of the following dates: Correct Answer A future date that controls when an employee can view their pay-related compensation events 2. T/F: The primary goal of a compensation eligibility rule is to define an eligible population and allow the system to correctly default compensation components during a staffing event. Correct Answer True 2. Which of the following are not commonly used compensation eligibility rule criteria? Correct Answer Job Segments 2. What are three examples of how compensation eligibility rules can be used? Correct Answer Default Compensation Plans Eligibility for Grade Profiles Rollout and Remove Plans 3. T/F: It is recommended you use compensation eligibility rules, position compensation, requisition compensation, and offer compensation in combination. Correct Answer False 3. T/F: If using job requisitions, the request compensation change step is required. Correct Answer False 4. What is the function of the compensation element? Correct Answer Ties compensation to payroll 4. T/F: Pay range segments are calculated by Workday and cannot be overridden. Correct Answer False 4. During an Employee Compensation Step Progression process, a worker will automatically be progressed to a new pay rate within their assigned grade or grade profile based on: Correct Answer Duration in step and/or an optional progression rule