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| Section | Objectives |
|---|---|
| Topic 1: Bonus Calculation Methods | |
| Topic 2: Variable Pay Program Settings | |
| Topic 3: Eligibility | |
| Topic 4: Bonus Plans | |
| Topic 5: Integration Scenarios | |
| Topic 6: Business Goals and Goal Weights | |
| Topic 7: Employee History Data and Background Element | |
| Topic 8: Variable Pay Form | |
| Topic 9: Reports and Reward Statements |
1. How are business goals cascaded to employees? Please choose the correct answer.
A) Eligibility file contains the look-up attributes to cascade goals to employees
B) Bonus Plan defines which goals are assigned to bonus plan
C) Business goal uses fields from Employee History file as look-up attributes
D) Business goals come from Performance Management forms
2. Your customer asks for separate teams to manage the compensation process across the globe using a single template for the organization.
Which features are required?
There are 2 correct answers to this question.
A) Statement Assignment Groups
B) Field Permission Groups
C) Decentralized Admin
D) Role-Based Per
3. The customer is using a custom formula to calculate for employee basis. What do you need to do in regards to the basis field maintenance?
A) Delete the field when importing the Employee history data file
B) Leave the field blank when importing the Employee History data file
C) Configure the field to be hidden in the background element
D) Configure the field as a custom field in the back ground element
4. Customer variable pay program dates are January 1 to December 31, 2014. Given the screenshot below, what are proration and prorated target amount? Please choose the correct answer.
A) 25% and 6000 respectively
B) 25% and 2000 respectively
C) 75% and 2000 respectively
D) 75% and 6000 respectively
5. The custom formula is tgtPcf'salary. Looking at the background element, what adjustment must be made?
Please choose the correct answer.
A) The tgtPct and salary fields must both be numeric fields
B) The tgtPct and salary fields must both be float fields
C) The basis field must be hidden in the background element
D) The basis field must be deleted from background element
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C,D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C |
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