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| Section | Weight | Objectives |
|---|---|---|
| Form Configuration | 12% | - Worksheet setup
|
| Bonus Calculation and Funding | 14% | - Compensation calculations
|
| Implementation and Administration | 6% | - System administration
|
| Variable Pay Program Settings | 21% | - Program foundation configuration
|
| Business Goals and Goal Weights | 15% | - Goal management
|
| Permissions and Security | 6% | - Access control
|
| Reports and Executive Review | 8% | - Review and reporting
|
| Employee History Data | 18% | - Employee data preparation
|
1. Which use cases require multiplicative formulas?
There are 2 correct answers to this question.
Response:
A) A customer would like to determine the individual and team sections as a percent.
B) A customer would like to calculate the individual and team sections as an amount.
C) A customer would like the bonus payout to be weighted 50:50 between the personal and business performance.
D) A customer would only pay the target amount if an employee completed above 70% of his individual goals.
2. In order to assign employees to a bonus plan, what relationships must be maintained?
There are 2 correct answers to this question.
Response:
A) Assign the eligibility rule to a look up field in bonus plan data file
B) Assign the eligibility rule to a look up field in Eligibility data file
C) Use a lookup field in the employee history data file
D) Use a lookup field in the user data file
3. This file contains the achievement forecasts and results.
Please choose the correct answer.
Response:
A) Business Goals
B) Bonus Plan
C) Goal weights
D) Employee History
4. By default bonus forecasting results can be grouped into which categories?
There are 2 correct answers to this question.
Response:
A) Planners
B) Job code
C) Country
D) Department
5. Which sequence should be followed for bonus forecast to work?
Please choose the correct answer.
Response:
A) Upload goals file
Upload weights and mappings file
Create bonus forecast
B) Create bonus forecast
Upload Goals file
Upload weights and mappings file
C) Upload weights and mappings file
Upload goals file
Create bonus forecast
D) Upload Goals file Create bonus forecast
Upload weights and mapping file
Upload goals file
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A,C | Question # 3 Answer: A | Question # 4 Answer: C,D | Question # 5 Answer: D |
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