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| Section | Weight | Objectives |
|---|---|---|
| Integration Scenarios | 8-12% | - Integration with Employee Central - Data synchronization |
| Reports and Reward Statements | 8-12% | - Reward statement design - Standard and custom reporting |
| Bonus Plans | <8% | - Budget management - Plan structure and setup |
| Variable Pay Program Settings | 12% | - Program creation and configuration - Manage plan details and settings |
| Business Goals and Goal Weights | 12% | - Goal setup and file upload - Weight assignment and mapping |
| Employee History Data and Background Elements | 12% | - Background element configuration - Data import and mapping |
| Variable Pay Form | 8-12% | - User interface customization - Worksheet configuration |
| Eligibility | 8-12% | - Eligibility rule creation - Employee eligibility verification |
| Bonus Calculation Methods | 8-12% | - Calculation formulas and logic - Proration and forecasting |
Question 1
Company ABC rewards its sales employees based on company and individual performance. An employee's individual performance is worth 80% of the total payout and business goals are worth 20% of the total payout. The business goals art corporate revenue, weighted 40% and corporate operating income amount, weighted 60%.
The employee target bonus is
$1,000.
Corporate revenue amount 50%
Corporate operating income amount 100%
Target Individual Amount 120%
What is the final bonus payout amount?
Please choose the correct answer.
A. $1,120
B. $1,000
C. $960
D. $1,160
Question 2
Which of the following Variable Pay scenarios can you use in feature allows you to configure more than 5 predetermined points of min, I for?
There are 2 correct answers to this question.
A. Check to see if employees are assigned to correct bonus plans
B. Check for inactive planners
C. Check for formula configuration
D. Check employees assignment gap
Question 3
Which field in the Bonus Plan is required to connect to Business Goal Weights file? Please choose the correct answer.
A. Bonus Caps column
B. Business Weight column
C. Bonus Plan name column
D. Individual or Team weight column
Question 4
Eligibility file is linked to which import files? Please choose the correct answer.
A. Employee history data file
B. Business goals data file
C. User data file
D. Bonus plan data file
Question 5
Which setting must remain consistent when configuring variable pay background elements? There are 2 correct answers to this question.
A. Background element ID must always start with "varPayEmpHistData"
B. Type ID must always be 24
C. The assignment dates and the program dates must be identical
D. Target bonus amount must always use "basis" as data field ID
Solutions:
| Question 1 Answer: D | Question 2 Answer: B,C | Question 3 Answer: C | Question 4 Answer: A | Question 5 Answer: A,D |
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