PeopleSoft HRMS Functional Interview Questions
This system brings all functions onto a single platform for maximum accuracy, consistency and security and provides analytics and reporting features to make more informed decisions.
PeopleSoft HRMS Functional Interview Questions Blog offers businesses looking to streamline HR management and enhance company success an invaluable opportunity.
It’s completely adaptable – perfect for firms that seek to improve HR administration while increasing company growth!
1. What is PeopleSoft HRMS Functional, and how is it used?
PeopleSoft HRMS Functional is a software that helps manage and pay for human resources in a company.
It is used by configuring and using the product to handle various human resource activities.
2. How does the company use business units about PeopleSoft?
The company uses business units to segregate transaction data specific to its three divisions: Candy, Chocolate, and Christmas Gifts.
The company can track each product’s expenses, profits, and losses by creating three business units.
3. Why does the company create three business units for its divisions?
The company creates three business units for its divisions to ensure that each product’s transaction data can be tracked separately.
This allows the company to have a clearer understanding of the performance of each product.
4. What is Set ID, and why is it essential in PeopleSoft setup?
Set ID is a unique identifier in PeopleSoft that is used to key setup data.
It is essential because it ensures that all business units can point to the same setup data, enabling the company to leverage existing data for new business units.
5. How do you input company-specific information into the PeopleSoft system?
To input company-specific information into the PeopleSoft system, navigate to Set H C M, Foundation Tables, and Organisation.
Once there, you can input all the company-specific information within the system and specify the business unit to track Bob’s Candy division.
6. What is the purpose of the Set HCM in PeopleSoft?
PeopleSoft HCM allows organisations to maintain and manage employee data, including demographic information, job history, payroll, and benefits.
This ensures that all HR records are accurate and up-to-date.
7. What is the role of the location code in the company’s address?
The location code is used to identify the company’s address within the software. It is essential as it helps maintain accurate records of the company’s physical location.
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The company information is added to the same folder organisation by creating a new company, assigning it a short form, updating the effective date, describing the company, and giving the location code and default set ID to the new location.
This automatically updates the company’s address.
9. What is the purpose of the USA section when updating the company’s information?
The USA section is essential when updating the company’s information as it contains details such as the company’s email address, pay group, earnings program, and federal ID number.
These details are necessary for generating pay checks using payroll for the North America module.
10. What is the role of the establishment ID in the company’s payroll and regulatory entities?
The establishment ID in the company’s payroll and regulatory entities is the area where the company operates.
It is crucial as it helps manage various regulatory requirements and payroll functions based on the company’s location.
11. What is the significance of updating the practical and effective dates of the establishment ID?
Updating the practical and effective dates of the establishment ID is significant as it ensures that its information is accurate and up-to-date within the software.
12. What is the role of the finance department in the company, and how is it created?
The finance department is essential to the company, managing its financial activities.
It is created by navigating to the same folder organisation, selecting departments, and adding a new value with the department name (Finance), and tax location.
13. How is a new tax location created, and what is its purpose in the company?
A new tax location is created by navigating to Set HCM, product-related Payroll for North America, Federal and State Taxes, and Tax Location Table.
The purpose of a new tax location is to accurately track and manage tax-related information for a specific geographical area.
14. What is the importance of product-level configuration in PeopleSoft HRMS?
Product-level configuration in PeopleSoft HRMS is crucial as it allows the company to turn on or off certain products or features of the HRMS application based on their needs.
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15. How is the default company for a product defined, and why is it important?
The default company for a product is defined by navigating to Set HCM and selecting the product.
It is essential as it sets the default company for all related activities within the product.
16. What is the significance of defining minimum and maximum regular hours at the business unit level?
Defining minimum and maximum regular hours at the business unit level is essential to avoid errors in payroll and scheduling, ensuring that employees are paid accurately for their regular working hours.
Test your knowledge with these multiple-choice questions to see how well you’ve retained information from this platform!!
1. Which navigation paths should you use to input company-specific information into the PeopleSoft system?
Set HCM, Foundation Tables, and Organisation. ✔️
Set ID, Business Unit, and Product Configuration.
PeopleSoft, Setup Data, and HRMS Application.
Navigate to none of the above.
2. What is the purpose of the Set ID in PeopleSoft?
To input company-specific information.
To critical setup data. ✔️
To specify the business unit for tracking divisions.
To turn on or off certain products or features of the HRMS application.
3. Why is a product-level configuration in PeopleSoft HRMS crucial?
It allows the company to input all the company-specific information within the system.
It helps in leveraging existing data for new business units. ✔️
It allows the company to turn on or off certain products or features of the HRMS application based on their needs.
It specifies the business unit to track Bob’s Candy division.
4. What is the purpose of mapping the Set ID specified to the company data, according to the text?
Ensure all three divisions or business units can use the same PeopleSoft HRMS Functional setup data. ✔️
To emphasise the business unit in HRMS.
To differentiate the company data from the PeopleSoft HRMS Functional setup data.
To critical setup data in PeopleSoft.
5. Why does the Set ID map all business units to the same Set ID in PeopleSoft HRMS?
To differentiate the company data from the PeopleSoft HRMS Functional setup data.
To ensure all three divisions. ✔️
To critical setup data in PeopleSoft.
To emphasise the business unit in HRMS.
6. In PeopleSoft, what is set up data keyed by?
Business Unit.
Set ID. ✔️
Division.
Company Data.
PeopleSoft HRMS Functional Interview Questions Blog provides a flexible human resource management solution that automates recruiting, benefits administration, payroll processing, time and labour management, and performance measurement and control.
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