Bonus and Stock Grant Configuration Options

<p>Compensation Basis (D)</p> Signup and view all the answers

<p>Rounding Rule (C)</p> Signup and view all the answers

<p>'Request Stock Grant' is initiated by managers, while 'Add Stock Grant' is used by compensation partners or administrators. (B)</p> Signup and view all the answers

<p>Percent of Target (C)</p> Signup and view all the answers

<p>To select the rule that determines the vesting date for a stock grant. (D)</p> Signup and view all the answers

<p>Request Stock Grant (C)</p> Signup and view all the answers

<p>Stock Grants Summary (D)</p> Signup and view all the answers

<p>It adjusts the merit increase based on an employee's tenure during the review period as defined by the administrator selected proration rule. (D)</p> Signup and view all the answers

<p>Includes employees in their waiting period with targets defaulting to zero, allowing managerial discretion for increases. (A)</p> Signup and view all the answers

<p>To prevent calculations of individual targets and pool amounts using the matrix, displaying guidelines only. (A)</p> Signup and view all the answers

<p>Allow Target Override (D)</p> Signup and view all the answers

<p>Rounding Rule (D)</p> Signup and view all the answers

<p>Eligibility is determined by the length of time since the employee's hire date, as defined in the waiting period rules. (D)</p> Signup and view all the answers

<p>Percent Plan (B)</p> Signup and view all the answers

<p>Hide Target (C)</p> Signup and view all the answers

<p>To increase an employee's base pay as a reward for performance. (C)</p> Signup and view all the answers

<p>Bonuses are one-time payments in addition to base pay, while merit increases adjust the base pay. (A)</p> Signup and view all the answers

<p>Processing stock vesting and grant data. (D)</p> Signup and view all the answers

<p>Eligibility rules, individual targets, employee review data, and proration. (A)</p> Signup and view all the answers

<p>Using the employee's total base pay. (A)</p> Signup and view all the answers

<p>They assign different merit targets to employee groups based on compensation eligibility rules. (C)</p> Signup and view all the answers

<p>To specify which employees are qualified to participate in the merit plan. (C)</p> Signup and view all the answers

<p>Administrators, managers, planners, and reviewers. (D)</p> Signup and view all the answers

<p>Set Compensation Review Statement Visibility (C)</p> Signup and view all the answers

<p>Customizing statements using Report Designer and defining a business form layout. (C)</p> Signup and view all the answers

<p>By setting a future effective date or employee visibility date in the compensation review process and using the <code>Release Compensation Review Statement</code> task. (D)</p> Signup and view all the answers

<p>To make compensation review statements visible to employees. (B)</p> Signup and view all the answers

<p>When you want the statement to be visible to employees immediately, foregoing the effective visibility date. (C)</p> Signup and view all the answers

<p>By using <code>Edit Tenant Setup - HCM</code> task and selecting 'Hide Create New Compensation Review Statement button for Employee'. (A)</p> Signup and view all the answers

<p>Select the 'Generate Statement PDF' checkbox to enable statement creation. (D)</p> Signup and view all the answers

<p>On the latest of either the effective date or the employee visibility date on the compensation review process. (C)</p> Signup and view all the answers

<p>Vest from Date (C)</p> Signup and view all the answers

<p>The price the employee must pay per share when exercising the option. (B)</p> Signup and view all the answers

<p>Board Approved? (D)</p> Signup and view all the answers

<p>To uniquely identify the stock grant within the system. (C)</p> Signup and view all the answers

<p>The employee forfeits the unvested options. (C)</p> Signup and view all the answers

<p>To accurately value the grant and handle international transactions. (B)</p> Signup and view all the answers

<p>Determining fair market value of the equity grant. (A)</p> Signup and view all the answers

<p>A valuation of the company. (B)</p> Signup and view all the answers

<p>The ‘Vest from Date’ must always be later than or equal to the ‘Grant Date’. (C)</p> Signup and view all the answers

<p>The options are forfeited and become worthless. (A)</p> Signup and view all the answers

The basic pay structure for employees without additional awards.

Includes awards such as merit, bonuses, and stocks beyond base pay.

A compensation program that rewards employees with increases based on performance.

A payment made in addition to base pay, often based on performance over time.

A benefit that allows employees to purchase company stock at a set price.

A structured process where employee awards are proposed and assessed.

Criteria that determine who qualifies for certain compensation awards.

The percentage increase in pay based on an employee's performance and base salary.

The selected method for calculating a percent award, like Total Base Pay.

A tool for adjusting the bonus pool based on defined company metrics and results.

Modifiers that affect bonuses based on plan performance and individual achievements.

Rules determining how bonuses are adjusted based on employee tenure or timing.

A guideline for rounding the final amount of an employee's bonus award.

Option in compensation matrix to display guidelines without calculating individual targets.

Permits individual target percent entries during compensation staffing events.

Obscures target information from specific security groups such as employees or managers.

Defines a period before an employee becomes eligible for certain awards, based on various criteria.

Incorporates employees in the merit process if assigned during the defined process period.

Allows consideration of employees in wait period for potential awards, targets default to zero.

A rule that determines when stock grants become owned by employees.

Types of stock grants offered to employees, which must be created first in the system.

A rule defining when a stock grant expires; must total 100% with other grant types.

A value that must equal 100% when multiple grant types are present.

A business process for employees to receive stock grants initiated by managers or compensation partners.

Three standard templates for reporting employee compensation reviews.

Tailored templates created using Report Designer in Workday Studio.

A task to make compensation review statements available to employees.

Checkbox option to create a PDF version of the compensation review statements.

Task to control when statements are visible to employees.

The specified date when a compensation review becomes active.

The date when employees can first see their compensation review statements.

Configuration task to manage settings for compensation review processes.

The specific portion or total amount of stock granted to an employee.

The date when the stock grant is officially awarded to an employee.

The date when the employee begins to earn rights to the granted stock.

The predetermined price at which the stock can be purchased.

The type of money in which the stock grant is valued.

A factor used to determine the pricing of stock options.

The date by which stock options must be exercised or they expire.

A unique identifier assigned to each stock grant for tracking purposes.

Indicates whether the stock grant has received approval from the company's board.