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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Variable Pay Program Settings | 12% | - Manage plan details and settings - Program creation and configuration |
| Topic 2: Bonus Calculation Methods | 8-12% | - Calculation formulas and logic - Proration and forecasting |
| Topic 3: Employee History Data and Background Elements | 12% | - Background element configuration - Data import and mapping |
| Topic 4: Variable Pay Form | 8-12% | - User interface customization - Worksheet configuration |
| Topic 5: Bonus Plans | <8% | - Budget management - Plan structure and setup |
| Topic 6: Eligibility | 8-12% | - Employee eligibility verification - Eligibility rule creation |
| Topic 7: Integration Scenarios | 8-12% | - Data synchronization - Integration with Employee Central |
| Topic 8: Reports and Reward Statements | 8-12% | - Reward statement design - Standard and custom reporting |
| Topic 9: Business Goals and Goal Weights | 12% | - Weight assignment and mapping - Goal setup and file upload |
1. Why would you need to use multiple bonus plans? There are 3 correct answers to this question.
A) Different Business Goals weights
B) Different Bonus Achievement calculations
C) Different set of business goals
D) Different Bonus eligibility rules
E) Different Bonus plan caps
2. This setting allows the use of unlimited payout points. Please choose the correct answer.
A) Flexible payout curves
B) Bonus caps
C) Assignment based rating
D) Multiplier setting
3. A PM form will be considered a match to an assignment when its period overlaps with the period of the assignment. Which combination of conditions qualifies as "overlap"?
A) PM form start date <= Assignment start date Assignment start date >= PM form end date
B) PM form start date <= Assignment end date Assignment start date <= PM form end date
C) PM form Start date >= Assignment end date Assignment start date <= PM form start date
D) PM form start date <= Assignment start date PM form end date <= Assignment end date
4. Which feature allows employees to view their individual bonus results even if variable pay forms are still in-progress?
A) Bonus forecast
B) Live profile visibility
C) Individual preview
D) Compensation profile
5. Which use case requires a custom reward statement? Please choose the correct answer.
A) Customer would like to include multiple logos on the reward statement.
B) Customer would like to combine information from two variable pay programs in one reward statement
C) Customer would like to combine information from compensation plan and variable pay program in one reward statement
D) Customer would like to include multiple sections on the reward statement
Solutions:
| Question # 1 Answer: A,C,E | Question # 2 Answer: A | Question # 3 Answer: A,B | Question # 4 Answer: B | Question # 5 Answer: B |
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