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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Bonus Calculation Methods | 20% | - Proration and adjustments - Calculation formulas and logic |
| Topic 2: Integration Scenarios | 3% | - Data synchronization - Integration with Employee Central |
| Topic 3: Eligibility | 15% | - Eligibility rules and criteria - Employee inclusion/exclusion |
| Topic 4: Variable Pay Program Settings | 20% | - Plan setup and general parameters - Program configuration |
| Topic 5: Variable Pay Form | 10% | - Form configuration and layout - Workflow and approval setup |
| Topic 6: Employee History and Background Elements | 10% | - History records management - Data import and mapping |
| Topic 7: Reports and Reward Statements | 7% | - Standard and custom reports - Reward statement generation |
| Topic 8: Business Goals and Goal Weights | 15% | - Goal setup and linking - Weight assignment and scaling |
Question 1
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 Goals import file
B. Business Goal XML file
C. Business Goal Weights import file
D. Variable Pay Program XML file
Question 2
How does the variable pay form determine the default compensation number format?
Please choose the correct answer.
Response:
A. Based on the format assigned to the field
B. Based on the planner's imported default locale
C. Based on the number format rules
D. Based on the employee's imported default locale
Question 3
Which file is used to assign weight to business goals relative to the bonus plan they are included to?
Please choose the correct answer.
Response:
A. Bonus plans
B. Business Goals file
C. Business goal weights file
D. Eligibility file
Question 4
Why would you need to use multiple bonus plans?
There are 3 correct answers to this question.
Response:
A. Different set of business goals
B. Different Bonus Achievement calculations
C. Different Business Goals weights
D. Different Bonus plan caps
E. Different Bonus eligibility rules
Question 5
What is the Difference between additive and multiplicative formulas for bonus calculation?
Please choose the correct answer.
Response:
A. Additive formulas use section weights whereas multiplicative formulas use payout percent
B. Additive formulas use payout percent whereas multiplicative formulas use section weights.
C. Additive formulas use payout amount whereas multiplicative formulas use payout percent
D. Additive formulas use payout percent whereas multiplicative formulas use payout amount multiplied by section weights.
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: A,C,D | Question 5 Answer: C |
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