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| Section | Weight | Objectives |
|---|---|---|
| Business Goals and Calculation | 25% | - Business goal setup and weighting - Bonus calculation methods - Goal gates and cascading - Proration and custom formulas |
| Eligibility and Employee Data | 20% | - Eligibility rules and criteria - Background elements configuration - Employee history data import |
| 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% | - Rating integration and calibration - Form template configuration - Approval workflow setup |
| Variable Pay Program Foundation | 15% | - Program settings and configuration - Variable Pay overview and concepts - Bonus plan structure and components |
1. What is the first step to activate the auditing of variable pay data?4
Please choose the correct answer.
Response:
A) Schedule the quartz job called Comp Entry Audit Process
B) Select the fields in the variable pay plan activity audit
C) Enable the Audit setting in provisioning
D) Submit a CO ticket to Customer Success
2. Your customer has the following bonus plan eligibility requirements:a. Hire date is on or before "8th Sept 2015" b. Business unit is equal to "HR" or location is equal to "East" Which option can be used to fulfil this requirement?
Please choose the correct answer.
Response:
A) Use eligibility rule data file import
B) Use compensation eligibility rules
C) Use bonus plan data file import
D) Use configure business rules
3. What are the required fields in the eligibility data file?
There are 2 correct answers to this question.
Response:
A) Eligibility Rule
B) Plan ID
C) Value
D) Rule ID
4. Which configuration options are offered by the column designer?
There are 2 correct answers to this question.
Response:
A) Create custom fields
B) Create number format rules
C) Hide sections
D) Specify columns and column order
5. Given the image below, Which employee gets all three bonus plans?
Please choose the correct answer.
Response:
A) mhoff1
B) smormony1
C) jLo1
D) rmaxx1
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: C,D | Question # 4 Answer: A,D | Question # 5 Answer: D |
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