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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Permissions and Security | < 10% | - Access management
|
| Topic 2: Integration and Reporting | < 10% | - System integration
|
| Topic 3: Business Goals and Goal Weights | 11% - 20% | - Goal management
|
| Topic 4: Employee History Data | 11% - 20% | - Employee data management
|
| Topic 5: Bonus Calculation and Payout | 21% - 30% | - Compensation calculations
|
| Topic 6: Variable Pay Program Settings | 11% - 20% | - Program configuration
|
| Topic 7: Variable Pay Form Administration | 11% - 20% | - Form management
|
1. Your customer wants to use business goals in a Variable Pay program. Which actions are needed? Note: There are 3 correct answers to this question.
A) Reference the Plan ID in the Bonus Plan file.
B) Update eligibility rules to include a bonus plan.
C) Reference the Plan ID in the business goal data file.
D) Assign the Business Goal template to the Variable Pay program.
E) Upload the Business Goal XML template in Provisioning.
2. 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.
3. Which mathematical operations can be used with standard bonus calculation equations? Note: There are 2 correct answers to this question.
A) Multiplication
B) Subtraction
C) Division
D) Addition
4. What is the effect of proration rounding?
A) Changes start and/or end date used in BonusCalculation
B) Rounds proration to a monthly value
C) Forces proration to have X decimal places, where X is configurable
D) Allows for the use of "point in time" salary calculations
5. Bonuses for all engineers at your client are calculated as follows: Basis (prorated salary × bonus target) × company achievement. Bonuses for all marketing staff at your client are calculated as follows: Basis × 50% individual achievement + 50% company achievement. How can this be implemented? Note: There are 2 correct answers to this question.
A) One variable pay program using Base × Business Performance × Individual Performance. Two bonus plans: one with the weighting 100% individual and the other 50% corporate and 50% individual.
B) One variable pay program that uses Base × (Business Performance + Individual Performance). Two bonus plans: one with the weighting 100% individual and the other 50% corporate and 50% individual
C) One variable pay program that uses Base × (Business Performance + Individual Performance). Two bonus plans: one with the weighting 100% corporate and the other 50% corporate and 50% individual.
D) Two variable pay programs: one using Base × Business Performance and using Base × (Business Performance + Individual Performance). The additive plan uses one business goal section weighted at
50%
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: A,C | Question # 3 Answer: A,D | Question # 4 Answer: B | Question # 5 Answer: C,D |
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