HR, Payroll & Talent Modules Flashcards
7 cards from real ERP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 HR, Payroll & Talent Modules flashcards as text
In ERP payroll processing, what does the term 'gross-to-net' calculation refer to?
Answer: Calculating take-home pay by subtracting taxes and deductions from gross wages
Gross-to-net calculation is the payroll process of starting with an employee's gross earnings and subtracting all applicable taxes, withholdings, and deductions to arrive at the net pay amount.
Which ERP feature allows HR managers to define a hierarchy of positions independent of the employees who fill them?
Answer: Position management
Position management in ERP HR modules allows organizations to define, budget, and manage positions as entities separate from the employees who occupy them.
In talent management modules, what is the primary purpose of a 9-box grid?
Answer: Assessing employees on performance and potential to identify talent tiers
The 9-box grid is a talent assessment tool that plots employees on a matrix of current performance versus future potential, helping identify high performers, high potentials, and those needing development.
When an ERP system calculates FUTA (Federal Unemployment Tax Act) tax, which base wage limit applies per employee per year?
Answer: $7,000
FUTA tax applies only to the first $7,000 of each employee's wages per calendar year, after which no additional FUTA tax is owed for that employee.
In ERP HR modules, what does 'benefits administration' typically include?
Answer: Managing enrollment, eligibility, cost-sharing, and life event changes for employee benefits
Benefits administration in ERP covers the full lifecycle of employee benefits including plan setup, eligibility rules, open enrollment, qualifying life events, cost calculations, and carrier integrations.
What is the function of a 'time-off accrual policy' in an ERP HR module?
Answer: Automatically calculating and accumulating earned leave balances based on defined rules
Time-off accrual policies in ERP define the rules by which employees earn paid leave over time, such as accruing a set number of hours per pay period based on tenure.
In ERP talent modules, what does a 'competency gap analysis' help an organization identify?
Answer: The difference between the skills employees currently have and the skills required for their roles
A competency gap analysis compares required competencies for a position against an employee's assessed competency levels to identify development needs and training priorities.