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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Reports and Executive Review | 8% | - Review and reporting
|
| Topic 2: Business Goals and Goal Weights | 15% | - Goal management
|
| Topic 3: Bonus Calculation and Funding | 14% | - Compensation calculations
|
| Topic 4: Form Configuration | 12% | - Worksheet setup
|
| Topic 5: Variable Pay Program Settings | 21% | - Program foundation configuration
|
| Topic 6: Implementation and Administration | 6% | - System administration
|
| Topic 7: Employee History Data | 18% | - Employee data preparation
|
| Topic 8: Permissions and Security | 6% | - Access control
|
1. Which parameters can you use in the "Based On Budget Calculation" section for Variable Pay Program?
There are 3 correct answers to this question.
Response:
A) Template
B) User
C) Results
D) Forecast
E) Group
2. Where do you set the display order of the business goals?
Please choose the correct answer.
Response:
A) Business goals in Manage plan details
B) Weights and Mappings Data file
C) Bonus plan data file
D) Business goals data file
3. In which file do you include forecasted data for what-if scenarios?
Please choose the correct answer.
Response:
A) Weights and mappings
B) Business goals
C) Bonus plans
D) Employee history
4. Your customer wants to measure the profit based on corporate divisions. In which files do you specify this look up field?
Please choose the correct answer.
Response:
A) User Data File (UDF) and bonus plan data file.
B) Employee history data file and business goals data file
C) User data file(UDF) and business goal data file
D) Employee history data file and Bonus plan data file
5. Which use cases require multiplicative formulas?
There are 2 correct answers to this question.
Response:
A) A customer would only pay the target amount if an employee completed above 70% of his individual goals.
B) A customer would like the bonus payout to be weighted 50:50 between the personal and business performance.
C) A customer would like to determine the individual and team sections as a percent.
D) A customer would like to calculate the individual and team sections as an amount.
Solutions:
| Question # 1 Answer: A,B,E | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A,C |
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