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| Section | Weight | Objectives |
|---|---|---|
| Bonus Calculation Methods | 20% | - Proration and adjustments - Calculation formulas and logic |
| Variable Pay Form | 10% | - Workflow and approval setup - Form configuration and layout |
| Business Goals and Goal Weights | 15% | - Goal setup and linking - Weight assignment and scaling |
| Variable Pay Program Settings | 20% | - Program configuration - Plan setup and general parameters |
| Integration Scenarios | 3% | - Integration with Employee Central - Data synchronization |
| Eligibility | 15% | - Eligibility rules and criteria - Employee inclusion/exclusion |
| Employee History and Background Elements | 10% | - History records management - Data import and mapping |
| Reports and Reward Statements | 7% | - Standard and custom reports - Reward statement generation |
1. Why would you need to use multiple bonus plans?
There are 3 correct answers to this question.
Response:
A) Different Bonus plan caps
B) Different Bonus eligibility rules
C) Different Bonus Achievement calculations
D) Different set of business goals
E) Different Business Goals weights
2. How are bonus plans assigned to employee assignments?
There are 2 correct answers to this question.
Response:
A) The bonus plan file includes start and end dates that correspond to each employee assignment dates
B) The bonus plan for each employee assignment is included in the employee history data file
C) The eligibility file should contain the bonus plan name
D) Creating rule in eligibility file that corresponds to each bonus plan
E) Using the fields in employee history as look-up attributes in eligibility file
3. Your Customer wants to use its business units to assign goal achievements. To set up this requirement, what do you need to do?
Please choose the correct answer.
Response:
A) Define business units field in the variable pay background element XML
B) Import data via Employee History data file
C) Define business units field as department in succession data model XML
D) Import data via User Data File(UDF)
4. Which report can be generated only after worksheets have been launched?
Please choose the correct answer.
Response:
A) Bonus Payout
B) Business goal Performance
C) Bonus Payout Details
D) Employee History Gaps
5. Which steps are necessary to activate the variable pay individual view?
There are 3 correct answers to this question.
Response:
A) Select display live profile view after form creation
B) Configure employee files
C) Add variable pay individual view to succession data model
D) Add variable pay individual view to variable plan template
E) Complete variable pay forms
Solutions:
| Question # 1 Answer: A,D,E | Question # 2 Answer: D,E | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: A,B,C |
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