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| Section | Objectives |
|---|---|
| Topic 1: Variable Pay Fundamentals | - Overview and Concepts
|
| Topic 2: Configuration and Administration | - Bonus Plans and Calculation
|
| Topic 3: Execution and Reporting | - Worksheet and Payout Management
|
1. 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
2. Your customer uses Business Goals in a Variable Pay Program. All the necessary configuration is completed.
You have launched the Variable Pay worksheet and the observed Bonus Payout is calculated correctly but Business Goals do not appear in the worksheet.
With all necessary permissions given, which file do you need to check?
Please choose the correct answer
A) Business Goal XML file
B) Business Goals import file
C) Business Goal Weights import file
D) Variable Pay Program XML file
3. Which use cases require multiplicative formulas? There are 2 correct answers to this question.
A) A customer would like the bonus payout to be weighted 50:50 between the personal and business performance.
B) A customer would like to determine the individual and team sections as a percent.
C) A customer would like to calculate the individual and team sections as an amount.
D) A customer would only pay the target amount if an employee completed above 70% of his individual goals.
4. Which of the following Variable Pay scenarios can you use in feature allows you to configure more than 5 predetermined points of min, I for?
There are 2 correct answers to this question.
A) Check to see if employees are assigned to correct bonus plans
B) Check for formula configuration
C) Check for inactive planners
D) Check employees assignment gap
5. How can worksheets be created with employees reporting to different managers outside of the normal reporting relationship? Please choose the correct answer
A) Use the custom manager option for assigning employees in the data file and in the route map
B) Assign the employees to matrix managers and use matrix managers in the route map
C) Create a second manager hierarchy and have the template use that hierarchy instead of the reporting hierarchy.
D) Create worksheets as done in compensation planning and move employees to other managers through employee V LI membership
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B,D | Question # 4 Answer: B,C | Question # 5 Answer: D |
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