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| Section | Objectives |
|---|---|
| Topic 1: Configuration and Administration | - Program Setup
|
| Topic 2: Variable Pay Fundamentals | - Overview and Concepts
|
| Topic 3: Execution and Reporting | - Worksheet and Payout Management
|
1. Which variable pay feature ensures that the minimum level of funding is achieved before there is a final payout?
Please choose the correct answer.
A) Performance minimum
B) Team guidelines
C) Individual guidelines
D) Business goal gates
2. If the starting point of eligibility is set to "No employees are eligible" what actions are required to include employees in the bonus plan?
There are 2 correct answers to this question.
A) Add employees to the history data file
B) Create rule in manager form eligibility to include employees
C) Flag employees as "TRUE" in UDF eligibility
D) Use an MDF rule instead of importing eligibility rules
3. How do you ensure that a planner enters an amount within specific range?
Please choose the correct answer.
Response:
A) Create gates using performanceMin and performanceMax
B) Enter values in the minimum / maximum columns on the business goals file
C) Configure minimum / maximum guidelines in the plan set up.
D) Configure the min / max in the <comp-guideline-pattern> in the XML
4. This feature allows managers and employees to see an individual employee view of the Variable Pay bonus plan. Please choose the correct answer
A) Live profile visibility
B) Field-Based permission
C) Configure label names and visibility
D) Role-Based permission
5. Which fields are required in the Employee history data file? There are 3 correct answers to this question.
A) Start Date
B) End Date
C) Salary
D) Basis
E) Bonus Target Percentage
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B,C | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: A,B,D |
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