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| Section | Weight | Objectives |
|---|---|---|
| Implementation and Administration | 6% | - System administration
|
| Form Configuration | 12% | - Worksheet setup
|
| Reports and Executive Review | 8% | - Review and reporting
|
| Bonus Calculation and Funding | 14% | - Compensation calculations
|
| Business Goals and Goal Weights | 15% | - Goal management
|
| Employee History Data | 18% | - Employee data preparation
|
| Variable Pay Program Settings | 21% | - Program foundation configuration
|
| Permissions and Security | 6% | - Access control
|
1. Where do you set the display order of the business goals?
Please choose the correct answer.
Response:
A) Business goals in Manage plan details
B) Bonus plan data file
C) Business goals data file
D) Weights and Mappings Data file
2. In which file do you specify the relationship between bonus plan and business goals?
Please choose the correct answer.
Response:
A) Business goal template
B) Business goal weights file
C) Business goals data file
D) Bonus Plan data file
3. How can an employee's target bonus value get prorated based on the employee's hire date?
Please choose the correct answer.
Response:
A) Put the employee's hire date in the startDate for the assignment in the employee history file
B) Set the includeSalaryProrating option to 'true' in the template XML and use date-based proration
C) Calculate the percent of proration and put that percentage in the SALARY_PRORATING column on the user data file(UDF)
D) Make sure the SALARY_PRORATING_START_DATE in the user data file(UDF) is the employee's hire date
4. Which setting must remain consistent when configuring variable pay background elements?
There are 2 correct answers to this question.
Response:
A) Background element ID must always start with "varPayEmpHistData"
B) The assignment dates and the program dates must be identical
C) Target bonus amount must always use "basis" as data field ID
D) Type ID must always be 24
5. What is the Difference between additive and multiplicative formulas for bonus calculation?
Please choose the correct answer.
Response:
A) Additive formulas use payout percent whereas multiplicative formulas use section weights.
B) Additive formulas use section weights whereas multiplicative formulas use payout percent
C) Additive formulas use payout amount whereas multiplicative formulas use payout percent
D) Additive formulas use payout percent whereas multiplicative formulas use payout amount multiplied by section weights.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A,C | Question # 5 Answer: C |
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