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| Section | Objectives |
|---|---|
| Topic 1: Variable Pay Program Setup | - Program configuration
|
| Topic 2: Permissions and Administration | - Role-based permissions
|
| Topic 3: Bonus Calculation and Guidelines | - Calculation methods
|
| Topic 4: Employee History and Data | - Historical data management
|
| Topic 5: Reports and Reward Statements | - Reporting
|
| Topic 6: Business Goals and Bonus Plans | - Goal and plan configuration
|
1. Company ABC rewards its sales employees based on company and individual performance. An employee's individual performance is worth 80% of the total payout and business goals are worth 20% of the total payout. The business goals are corporate revenue, weighted 40% and corporate operating income amount, weighted 60%. The employee target bonus is $1,000.
Corporate revenue amount 50%
Corporate operating income amount 100%
Target Individual Amount 120%
What is the final bonus payout amount?
Please choose the correct answer.
Response:
A) $960
B) $1,120
C) $1,000
D) $1,160
2. Which steps are necessary to activate the variable pay individual view?
There are 3 correct answers to this question.
Response:
A) Configure employee files
B) Add variable pay individual view to variable plan template
C) Select display live profile view after form creation
D) Complete variable pay forms
E) Add variable pay individual view to succession data model
3. Your customer uses Business Goals in a Variable Pay Program. All the necessary configuration is completed.
You have launched the Variable Pay worksheet and the observed Bonus Payout is calculated correctly but Business Goals do not appear in the worksheet.
With all necessary permissions given, which file do you need to check?
Please choose the correct answer
Response:
A) Business Goal Weights import file
B) Business Goals import file
C) Variable Pay Program XML file
D) Business Goal XML file
4. Your customer has the following bonus plan eligibility requirements:a. Hire date is on or before "8th Sept 2015" b. Business unit is equal to "HR" or location is equal to "East" Which option can be used to fulfil this requirement?
Please choose the correct answer.
Response:
A) Use configure business rules
B) Use bonus plan data file import
C) Use eligibility rule data file import
D) Use compensation eligibility rules
5. You enabled the Decentralized Administration function. Which object must be manually modified to include the "Administrator_Group"?
Please choose the correct answer.
Response:
A) Goal Plan
B) Bonus Plan
C) Weights and mappings
D) Eligibility Rules
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A,C,E | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: B |
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