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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Variable Pay Form and Workflow | 20% | - Approval workflow setup - Rating integration and calibration - Form template configuration |
| Topic 2: Business Goals and Calculation | 25% | - Business goal setup and weighting - Proration and custom formulas - Bonus calculation methods - Goal gates and cascading |
| Topic 3: Eligibility and Employee Data | 20% | - Eligibility rules and criteria - Background elements configuration - Employee history data import |
| Topic 4: Variable Pay Program Foundation | 15% | - Program settings and configuration - Bonus plan structure and components - Variable Pay overview and concepts |
| Topic 5: Reporting, Statements and Integration | 20% | - Integration with Employee Central and Performance Management - Standard and custom reports - Reward statement generation |
1. Based on the Eligibility rule in the following screenshot, which employees are eligible for bonus plan B1?
Please choose the correct answer.
Response:
A) All employees from division D1 with department T1 AND all employees from division D2 with job role J1.
B) All employees from division D1 OR D2 with department T1 AND job role J1.
C) All employees from division D1 AND D2 with department T1 OR job role J1
D) All employees from division D1 OR D2 OR department T1 OR with job role J1
2. Which variable pay feature ensures that the minimum level of funding is achieved before there is a final payout?
Please choose the correct answer.
Response:
A) Team guidelines
B) Business goal gates
C) Performance minimum
D) Individual guidelines
3. A customer does not want the basis to be prorated. In the employee history data file, what dates must the customer enter?
Please choose the correct answer.
Response:
A) Dates earlier or equal to program dates
B) Dates earlier than program dates
C) Dates equal to the program dates
D) Dates later than program dates
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 Bonus eligibility rules
D) Different Bonus plan caps
E) Different Business Goals weights
5. How are business goals cascaded to employees?
Please choose the correct answer.
Response:
A) Eligibility file contains the look-up attributes to cascade goals to employees
B) Business goal uses fields from Employee History file as look-up attributes
C) Business goals come from Performance Management forms
D) Bonus Plan defines which goals are assigned to bonus plan
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A,D,E | Question # 5 Answer: B |
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