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| Section | Weight | Objectives |
|---|---|---|
| Variable Pay Form Administration | 11% - 20% | - Form management
|
| Bonus Calculation and Payout | 21% - 30% | - Compensation calculations
|
| Variable Pay Program Settings | 11% - 20% | - Program configuration
|
| Employee History Data | 11% - 20% | - Employee data management
|
| Permissions and Security | < 10% | - Access management
|
| Integration and Reporting | < 10% | - System integration
|
| Business Goals and Goal Weights | 11% - 20% | - Goal management
|
1. When employee profile is selected as the rating source for the Variable Pay program, which information is required for the bonus calculation? Note: There are 2 correct answers to this question.
A) Rating type
B) Effective date
C) Performance management template name
D) EC field mapping
2. Your customer, who has offices in the US and Germany, has the following two bonus schemes: Revenue Enabling Bonus. Revenue Generating Bonus. US employees in the Revenue Enabling Bonus scheme are weighted 40% Business Achievement and 60% Personal Achievement, while inGermany, it is 50% for each.
They all have the same business goal: "Corporate Results". US employees in the Revenue Generating Bonus scheme are weighted 35% Business Achievement and 65% Personal Achievement. The only business goal is
"Country Results", where the goal achievement differs between the US and Germany. What is the minimum number of bonus plans required to meet this requirement?
A) 4
B) 3
C) 1
D) 2
3. A public sector company would like to pay one business goal according to the following guidelines: If the company makes profits, employees get 100% of their target payout. If the company loses
$50,000, employees get 50% of their target payout. If the company loses $100,000 or more, nobody receives a payout. Finance provides administrators with the final amount on February 1 every year. How should your customer create this interpolated business goal?
A) Load metrics as: performanceMin= 0, performanceTarget= 50, performanceMax= 100
B) Use the Direct Payout function type and load 40,000 as achievement.
C) Load metrics as: performanceMin=-100,000, performanceTarget=-50,000, performanceMax=0
D) Use the Direct Payout function type and load 100,000 as achievement.
4. Your customer wants to display historical bonus payments with the current worksheet. How can they show this information? Note: There are 2 correct answers to this question.
A) Configure custom views in plan setup.
B) Create eligibility rules to pull historical data from previous plans.
C) Define compensation period data in the compensation profile.
D) Build an integration with the previous variable pay goal template.
5. Your customer wants to ensure that no employee's bonus exceeds 200% of their bonus target. How can this be achieved?
A) Use bonus plan caps.
B) Use a bonus plan multiplier of 200%.
C) Use guidelines where the maximum is set to 200%.
D) Use gates on business goals.
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A,C | Question # 5 Answer: A |
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