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| Section | Weight | Objectives |
|---|---|---|
| Bonus Calculation and Payout | 21% - 30% | - Compensation calculations
|
| Permissions and Security | < 10% | - Access management
|
| Employee History Data | 11% - 20% | - Employee data management
|
| Variable Pay Form Administration | 11% - 20% | - Form management
|
| Business Goals and Goal Weights | 11% - 20% | - Goal management
|
| Variable Pay Program Settings | 11% - 20% | - Program configuration
|
| Integration and Reporting | < 10% | - System integration
|
1. What is the difference between additive and multiplicative formulas for bonus calculation with respect to the impact of section weight, payout percent, and payout amount?
A) Additive formulas use payout percent, whereas multiplicative formulas use payout amount multiplied by section weights.
B) Additive formulas use payout percent, whereas multiplicative formulas use section weights.
C) Additive formulas use section weights, whereas multiplicative formulas use payout percent.
2. Which tools can employees use to see the final payout amount awarded to them? Note: There are 3 correct answers to this question.
A) Combined Rewards Statement
B) Variable Pay Rewards Statement
C) Bonus Assignment Statement
D) Variable Pay Individual View
E) Personal Compensation Statement Notification
3. A customer is using a custom formula to calculate the employee basis. What must you do to ensure that the basis calculates correctly?
A) Configure the Basis field as a custom field in the background element.
B) Leave the Basis field blank when importing the employee history data file.
C) Delete the Basis field header when importing the employee history data file.
D) Configure the Basis field to be hidden in the background element.
4. What attribute must you change when creating a new Business Goal XML template to ensure that the correct business goals are referenced?
A) Plan type
B) Plan ID
C) Plan number format
D) Plan name
5. How do you ensure that a planner enters an amount within a specific range?
A) Create gates using performanceMin and performanceMax.
B) Enter values in the minimum/maximum columns on the business goals file.
C) Set min-max to display as guideline pattern.
D) Configure minimum/maximum guidelines in the plan setup.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,B,E | Question # 3 Answer: D | Question # 4 Answer: A,B,D | Question # 5 Answer: C |
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