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NEW QUESTION: 1
An accuracy KPI has dropped significantly compared to previous periods. After some initial checks it turns out that the data is correct. What is the right way to proceed?
A. Inform the CT head on the next CT meeting.
B. Organize a meeting with NPO in order to make a action plan to improve.
C. Communicate the deviation to the project stakeholders
D. Organize a meeting with key team members in order to identify root causes and make an action plan to improve.
NEW QUESTION: 2
You are the Director of XYZ Company. Identify three standard functionalities available to you through Compensation Workbench Budgeting.
A. You may choose not to pass down budgets to the managers below you. Instead you can hold the entire amount.
B. You cannot do budgeting using Compensation Workbench.
C. You may choose to pass down the budgets only to those managers reporting directly to you.
D. You may choose to pass down budgets to all the managers below you.
Budgeting in Compensation Workbench
Compensation Workbench provides two general styles of budgeting:
* Automatic Budgeting: use this type of budget if you predetermine budgets prior to giving managers access. For example, you enter a budget of 7.5% for all managers in the west, and 10% for all managers in the east. Auto-issuing budgets gives the compensation professional control over the amount a manager can allocate to reporting employees and creates a uniform compensation distribution across the enterprise.
You can set up variable rate profiles to vary the flat percentage or amount based on a variety of eligibility criteria such as location.
* Roll-Down Budgeting: use this type of budget if you predetermine the initial budget only, and line managers complete the budgeting task. As a compensation administrator, you publish the initial budget with the highest-level manager, or with multiple lower managers. Managers roll the budgets down the hierarchy by distributing the budget. Managers decide the level to which they want the budget to trickle down by selecting the budgeting method on the Budget Task.