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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Goals and Calculation | 25% | - Goal gates and cascading - Proration and custom formulas - Bonus calculation methods - Business goal setup and weighting |
| Topic 2: Eligibility and Employee Data | 20% | - Background elements configuration - Eligibility rules and criteria - Employee history data import |
| Topic 3: Variable Pay Form and Workflow | 20% | - Rating integration and calibration - Form template configuration - Approval workflow setup |
| Topic 4: Reporting, Statements and Integration | 20% | - Reward statement generation - Integration with Employee Central and Performance Management - Standard and custom reports |
| Topic 5: Variable Pay Program Foundation | 15% | - Variable Pay overview and concepts - Program settings and configuration - Bonus plan structure and components |
1. In order to assign employees to a bonus plan, what relationships must be maintained?
There are 2 correct answers to this question.
Response:
A) Use a lookup field in the employee history data file
B) Use a lookup field in the user data file
C) Assign the eligibility rule to a look up field in bonus plan data file
D) Assign the eligibility rule to a look up field in Eligibility data file
2. Eligibility file is linked to which import files?
Please choose the correct answer.
Response:
A) User data file
B) Bonus plan data file
C) Employee history data file
D) Business goals data file
3. Basis is referred to as
Please choose the correct answer.
Response:
A) Calculated Individual payout
B) Bonus target opportunity
C) Section payout amount
D) Final bonus payout
4. 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
5. Your customer has the following bonus plan eligibility requirements:a. Hire date is on or before "8th Sept 2015" b. Business unit is equal to "HR" or location is equal to "East" Which option can be used to fulfil this requirement?
Please choose the correct answer.
Response:
A) Use configure business rules
B) Use compensation eligibility rules
C) Use bonus plan data file import
D) Use eligibility rule data file import
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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