Home » Oracle » 1z0-982 » What step is NOT required to calculate Merit dollars for each Employee within the Workforce framework?
What step is NOT required to calculate Merit dollars for each Employee within the Workforce framework?
A. Enter or Load a Merit Override Rate.
B. Enter or Load a Merit Month by employee.
C. Enter or Load a Performance Metric by employee.
D. Ensure there is a Merit Rate for each Performance Metric and component definitions have been updated
E. Execute the calculate Compensation Business Rule
Correct Answer: A
Explanation/Reference:
Incorrect Answers:
B: Set up employee properties such as Employee Type. Add, import, or export properties such as Skill Set, FT/PT, Start Month, Merit Month, and Hiring Status.
Then to view and edit employee properties, use Compensation Planning, then the Manage Employee Details tab.
D: Merit Rates (Mandatory – if enabled).
This is used to set defaults across the application for standard merit increases
E: After managers review and update existing employee information, they plan for new hires. After planning all new hires, managers can run the Calculate
Compensation business rule for their entire organization to get an updated plan or forecast for total compensation, headcount, and FTE.
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