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| Section | Weight | Objectives |
|---|---|---|
| Integration Scenarios | 8% - 12% | - Integration with Performance Management - Hybrid and non-EC environments - Integration with SAP SuccessFactors Employee Central |
| Bonus Calculation Methods | 8% - 12% | - Final payout calculation - Additive and multiplicative formulas - Assignment-based rating |
| Variable Pay Program Settings | 11% - 20% | - Currency and date configuration - Program configuration and setup - Plan templates and general settings |
| Bonus Plans | 8% - 12% | - Configure bonus plan attributes - Plan type and formula selection - Link plans to business goals |
| Business Goals and Goal Weights | 8% - 12% | - Import business goals data - Create and manage business goal templates - Define weights and payout functions |
| Reports and Reward Statements | 8% - 12% | - Configure reward statements - Export and share results - Generate standard and custom reports |
| Eligibility | 8% - 12% | - Assign bonus plans to eligible employees - Legacy and MDF eligibility rules - Enable compensation eligibility |
| Variable Pay Form | 8% - 12% | - Form workflow and routing - Configure form layout and sections - Define fields and permissions |
| Employee History Data and Background Elements | 11% - 20% | - Map data fields - Import and validate employee history data - Configure background elements |
1. What is the relationship between goal weights and bonus plans?
A) All bonus plans must have equally weighted business goals.
B) Business goal weights must be created first, before bonus plans are created.
C) Goals are uniquely weighted based on the bonus plan they are assigned to.
D) Goal weights are required to equal 100% for each bonus plan.
2. Assume a starting point of "All employees are eligible" and all employees will appear on the worksheet regardless of employee history. Why would you use Manager Form Eligibility Rules?
A) To include inactive users as part of the Variable Pay form
B) To exclude employees who have given their notice from the bonus payout calculation
C) To include inactive users as part of the payout calculation
D) To exclude employees who have given their notice from the Variable Pay form
3. Which of the following can be achieved using variable pay gates? Notes: There are 2 correct answers to this question.
A) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The Individual section is capped to 100% unless the combined payout of the business goals exceeds 75%.
B) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDAgoal will payout at 0% unless the Individual performance rating is "Good" or better.
C) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The entire business goal section will pay out at 50% unless Customer Satisfaction is above target.
D) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal CANNOT pay more than 100% unless Revenue achieves above target.
4. The screenshot below is the entire currency conversion table. The functional currency of this customer is USD.
Which currency view modes can be used with this table?
A) Functional and User
B) Functional only
C) Functional, User, and Planner
D) Functional, User, Planner, and Any Currency
5. Your client wants to award quarterly bonuses, where the quarters are aligned as follows: Q1: November
1-January 31. Q2: February 1-April 30. Q3: May 1-July 31. Q4: August 1-October 31. Bonuses are paid at the end of each quarter. Which of the following combinations of configuration options would work for this scenario?
A) One variable pay template with the bonus start date November 1 and end date October 31; employee history is loaded with four records per employee (one per quarter) and bonus paid in fullon October 31
B) One variable pay template with the bonus start date November 1 and end date October 31, and the bonus plan multiplier set to 25%
C) Four variable pay templates, with the bonus start and end dates aligned with "traditional" quarter dates and custom columns in the employee history to display the customer's dates
D) Four variable pay templates, with the bonus start and end dates aligned with the customer's dates and employee history to match
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: B | Question # 3 Answer: B,C | Question # 4 Answer: A | Question # 5 Answer: B,C |
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