Who is a compensation analyst? This is an individual who works in human resources focusing on the analysis of employee salaries and benefits to ensure that they are fair. Below are the top 20 compensation analyst interview questions and answers to guide you on your interview. You will also find the sample answers to guide you on how you are supposed to answer the questions.
Compensation Manager Interview Questions with Answer Examples
Creating Legal Entities Using a Spreadsheet
If you have a list of legal entities already defined for your enterprise, you can upload them from a spreadsheet. To use this option, you first download a spreadsheet template, then add your legal entity information to the spreadsheet, and then upload directly to your enterprise configuration. You can export and import the spreadsheet multiple times to accommodate revisions.
Incentive CompensationBusiness Units by Division and Zones: Example
This example uses a fictitious global company to demonstrate business unit analysis as part of enterprise structure planning. In this scenario, you are chairing a committee to create a model for your global enterprise structure.
You work for a multinational conglomerate that operates in 15 countries worldwide. You bought Oracle Fusion Incentive Compensation to implement as a standalone application.
You have three processing centers (Asia-Pacific, Americas, and Europe-Middle East) and two divisions:
There is no overlap of plans between the divisions. All employees report to in-region managers, there are no cross-region teams.
You want to segregate data for security purposes by division. Compensation analysts in different regional centers work on a 24 x 7 basis on paysheets for any participant worldwide in their assigned division. Both divisions and all business units use USD as the operating currency so that executives can easily review all performance and expenses.
The following are elements to consider when creating the business units for your global enterprise structure.
Because Oracle Fusion Incentive Compensation accommodates muticurrency processing and reporting, your committee recommends creating three separate business units.
The implementation of three business units:
Using Rollbackfor the Enterprise Structures Configurator: Explained
After running the Load Configuration process, you can roll back the configuration. The rollback operation removes all enterprise objects that were created when you loaded the configuration.
You can manually roll back the enterprise configuration if you have loaded it in error, or if you decide that you want to load a different one.
