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| Section | Weight | Objectives |
|---|---|---|
| Variable Pay Program Settings | 21% | - Program foundation configuration
|
| Permissions and Security | 6% | - Access control
|
| Bonus Calculation and Funding | 14% | - Compensation calculations
|
| Form Configuration | 12% | - Worksheet setup
|
| Employee History Data | 18% | - Employee data preparation
|
| Business Goals and Goal Weights | 15% | - Goal management
|
| Implementation and Administration | 6% | - System administration
|
| Reports and Executive Review | 8% | - Review and reporting
|
1. What does a point-in-time calculation mean?
Please choose the correct answer.
Response:
A) Target amount is based on effective date of each assignment
B) Target amount is based on a fixed date
C) Employee assignment will not be pro-rated
D) Goal payout will not be pro-rated
2. Your customer asks for separate teams to manage the compensation process across the globe using a single template for the organization.
Which features are required?
There are 2 correct answers to this question.
Response:
A) Statement Assignment Groups
B) Decentralized Admin
C) Role-Based Per
D) Field Permission Groups
3. A customer Updated an employee's assignment date using the employee history editor, but the proration amount remained the same in the worksheet.
How can you correct this?
Please choose the correct answer.
Response:
A) Use Calculate bonus payout"
B) Use "Update all worksheets"
C) Use "Update a Specific Worksheet"
D) Delete the existing worksheet and then launch a new set.
4. Where do you set the display order of the business goals?
Please choose the correct answer.
Response:
A) Weights and Mappings Data file
B) Bonus plan data file
C) Business goals data file
D) Business goals in Manage plan details
5. Your customer uses Business Goals in a Variable Pay Program. All the necessary configuration is completed.
You have launched the Variable Pay worksheet and the observed Bonus Payout is calculated correctly but Business Goals do not appear in the worksheet.
With all necessary permissions given, which file do you need to check?
Please choose the correct answer
Response:
A) Business Goals import file
B) Business Goal XML file
C) Business Goal Weights import file
D) Variable Pay Program XML file
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B,C | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: C |
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