The third part of Set Up and Use the Talent Application (25 – 30%) is Configure compensation information:
- Describe examples of fixed and variable compensation plans
- Use recommendations with compensation
- Review and make changes to compensation plans
- Define mandatory confirmation for compensation plans
- Describe the range utilization matrix
- Define reference points
- Create compensation grids
- Define eligibility rules for compensation
- Configure pay rate conversions
- Set up and use vesting rules
- Configure and use pay for performance features
- Describe compensation process events
- Perform the compensation processes
- Adjust compensation for an employee
Malin Martnes 
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