Workday HCM Core Questions with Correct Answers

Workday HCM Core Compensation Grades - Answer- Defines the compensation range or salary band, for a given job or job level. Provides Guidance for salary or hourly rates. Compensation Profiles - Answer- These allow for variations of grade, usually based on location or currency. Compensation Elements - Answer- These are assigned to individual plans and used to connect with earning in payroll. Eligibility Rules - Answer- Used to automate the assignment of compensation components for an employee at time of a staffing event. Compensation Package - Answer- The delivery mechanism for how all the compensation components are delivered to an employee. Defaulting - Answer- Assigning eligibility rules to grades and plans and bundling the grades and plans to Package allows for this. Staffing Model: Job Management - Answer- Allows flexibility and speed when hiring No required number of jobs to be filled Position no longer exists when the worker leaves Does not maintain ongoing position history Staffing Model: Position Management - Answer- Provides Greatest control over hiring. Must be an approved and available position prior to an EE starting. More narrowly defined positions. Pay scale/Job Skill/ Experience level can be different for each