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| Section | Weight | Objectives |
|---|---|---|
| Eligibility and Employee Data | 20% | - Employee history data import - Eligibility rules and criteria - Background elements configuration |
| Business Goals and Calculation | 25% | - Proration and custom formulas - Goal gates and cascading - Business goal setup and weighting - Bonus calculation methods |
| Variable Pay Program Foundation | 15% | - Bonus plan structure and components - Variable Pay overview and concepts - Program settings and configuration |
| Reporting, Statements and Integration | 20% | - Standard and custom reports - Integration with Employee Central and Performance Management - Reward statement generation |
| Variable Pay Form and Workflow | 20% | - Approval workflow setup - Rating integration and calibration - Form template configuration |
1. You enabled the Decentralized Administration function. Which object must be manually modified to include the "Administrator_Group"?
Please choose the correct answer.
Response:
A) Weights and mappings
B) Bonus Plan
C) Goal Plan
D) Eligibility Rules
2. The employee appears on a variable pay form with greyed out data. Why does this occur?
There are 2 correct answers to this question.
Response:
A) The employee is missing in the Employee History data file.
B) The employee was excluded, according to the Manage Form eligibility rule.
C) The status of the employee is "inactive".
D) PM forms for the employee are missing.
3. Which budget types can you set up in variable pay?
There are 3 correct answers to this question.
Response:
A) Allocated budget
B) Forecast Budget
C) Results budget
D) Modelling budget
E) Target budget
4. A customer does not want the basis to be prorated. In the employee history data file, what dates must the customer enter?
Please choose the correct answer.
Response:
A) Dates earlier or equal to program dates
B) Dates earlier than program dates
C) Dates later than program dates
D) Dates equal to the program dates
5. What report would you process to verify the calculation of business goal performance with the employee's target in their history?
Please choose the correct answer.
Response:
A) Bonus Payout Details
B) Business goal Performance
C) Bonus Payout
D) Employee History
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,B | Question # 3 Answer: B,C,D | Question # 4 Answer: A | Question # 5 Answer: A |
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