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| Section | Weight | Objectives |
|---|---|---|
| Integration Scenarios | 8-12% | - Data synchronization - Integration with Employee Central |
| Bonus Calculation Methods | 8-12% | - Calculation formulas and logic - Proration and forecasting |
| Business Goals and Goal Weights | 12% | - Goal setup and file upload - Weight assignment and mapping |
| Bonus Plans | <8% | - Budget management - Plan structure and setup |
| Variable Pay Program Settings | 12% | - Manage plan details and settings - Program creation and configuration |
| Employee History Data and Background Elements | 12% | - Data import and mapping - Background element configuration |
| Eligibility | 8-12% | - Employee eligibility verification - Eligibility rule creation |
| Reports and Reward Statements | 8-12% | - Standard and custom reporting - Reward statement design |
| Variable Pay Form | 8-12% | - User interface customization - Worksheet configuration |
1. The client has 3 business 3 business goals for their variable pay program: PROFIT. EBITA and NETSALES. However, If their net sales is less than the payment regardless of performance) and payout will be zero. How can one goal's performance affect the payout of another goal? There are 2 correct answers to this question.
A) Using the performance minimum in business goals
B) Use IF/THEN logic to modify the payout amount at the assignment level
C) Using the gates option for business goals
D) Configuring an eligibility rule
2. In order to assign employees to a bonus plan, what relationships must be maintained?
A) Use a lookup field in the user data file
B) Assign the eligibility rule to a look up field in bonus plan data file
C) Assign the eligibility rule to a look up field in Eligibility data file
D) Use a lookup field in the employee history data file
3. What are the different payout function types? There are 3 correct answers to this question.
A) Interpolation
B) Proration
C) Indirect
D) Step
E) Direct
4. How does the variable pay form determine the default compensation number format?
Please choose the correct answer.
A) Based on the planner's imported default locale
B) Based on the number format rules
C) Based on the format assigned to the field
D) Based on the employee's imported default locale
5. One of the business goals is to reduce the amount of Customer complaints. Which of the following are correct imports of the goal?
A) Metrics Can now be loaded as: performanceMin=50, performanceTargetLow=70, I performanceTarget=100, performanceTargetHigh=130 performanceMax=150
B) Metrics Can now be loaded as: performanceMin=50, performanceTargetLow=70, I performanceTarget=100, performanceTargetHigh=130 performanceMax=150
C) Metrics Can now be loaded as: performanceMin=150, performanceTarget=100, performanceMax=50
D) Metrics Can now be loaded as: performanceMin=50, performanceTarget=100, performanceMax=150
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: B,D | Question # 3 Answer: A,D,E | Question # 4 Answer: B | Question # 5 Answer: B,C |
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