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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Employee History and Background Elements | 10% | - History records management - Data import and mapping |
| Topic 2: Business Goals and Goal Weights | 15% | - Goal setup and linking - Weight assignment and scaling |
| Topic 3: Variable Pay Program Settings | 20% | - Program configuration - Plan setup and general parameters |
| Topic 4: Eligibility | 15% | - Employee inclusion/exclusion - Eligibility rules and criteria |
| Topic 5: Bonus Calculation Methods | 20% | - Proration and adjustments - Calculation formulas and logic |
| Topic 6: Integration Scenarios | 3% | - Data synchronization - Integration with Employee Central |
| Topic 7: Variable Pay Form | 10% | - Form configuration and layout - Workflow and approval setup |
| Topic 8: Reports and Reward Statements | 7% | - Standard and custom reports - Reward statement generation |
1. This feature allows managers and employees to see an individual employee view of the Variable Pay bonus plan.
Please choose the correct answer.
Response:
A) Configure label names and visibility
B) Role-Based permission
C) Live profile visibility
D) Field-Based permission
2. This file defines the section weight used for calculating incentive payments.
Please choose the correct answer.
Response:
A) Employee History Data File
B) Business Goals
C) Bonus Plan
D) Business Goal weights
3. A new employee history file was reimported and the old employee history data is deleted. To update the form, which of the following activities do you need to do?
There are 2 correct answers to this question.
Response:
A) Launch new worksheets
B) Run calculate bonus payout
C) Update all worksheets
D) Delete old worksheets
4. Which feature allows you to configure more than 5 predetermined points of min, low target, high, max for goal performance?
There are 2 correct answers to this question.
Response:
A) Multiple Business goal sections
B) Goal accelerators
C) Goal Gates
D) Flexible payout curves
5. Which field can be updated using only the bonus plan import file?
Please choose the correct answer.
Response:
A) Cap Percent
B) Associate Type
C) Eligibility Rule
D) Pool Identifier
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B,D | Question # 4 Answer: B,C | Question # 5 Answer: C |
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