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| Section | Weight | Objectives |
|---|---|---|
| Employee History Data and Background Elements | 12% | - Background element configuration - Data import and mapping |
| Integration Scenarios | 8-12% | - Integration with Employee Central - Data synchronization |
| Bonus Calculation Methods | 8-12% | - Proration and forecasting - Calculation formulas and logic |
| Eligibility | 8-12% | - Employee eligibility verification - Eligibility rule creation |
| Reports and Reward Statements | 8-12% | - Reward statement design - Standard and custom reporting |
| Variable Pay Form | 8-12% | - User interface customization - Worksheet configuration |
| Variable Pay Program Settings | 12% | - Program creation and configuration - Manage plan details and settings |
| Business Goals and Goal Weights | 12% | - Goal setup and file upload - Weight assignment and mapping |
| Bonus Plans | <8% | - Budget management - Plan structure and setup |
1. To create a bonus plan, which fields of the Bonus Plan file are required? There are 2 correct answers to this question.
A) BUSINESS_GOALS_NAME
B) BONUSPLAN
C) BUSINESS_GOALS_ORDER
D) ELIGIBILITY_RULE
2. What is the Difference between additive and multiplicative formulas for bonus calculation?
Please choose the correct answer.
A) Additive formulas use payout percent whereas multiplicative formulas use section weights.
B) Additive formulas use payout amount whereas multiplicative formulas use payout percent
C) Additive formulas use payout percent whereas multiplicative formulas use payout amount multiplied by section weights.
D) Additive formulas use section weights whereas multiplicative formulas use payout percent
3. Which of the following statements provide a description of Guidelines? There are 2 correct answers to this question.
A) Guidelines can be configured to be based on five custom fields
B) Guidelines are used only for Individual and Team components of bonus calculation
C) Hard Limit set in guidelines can be overridden
D) Guidelines can use multiple criteria
4. How can you use one reward statement to display incentive data from multiple variable pay plans? Please choose the correct answer.
A) This will require custom reward statement, and need to contact Customer Success
B) Use one Statement template and create multiple Variable Pay reward statements
C) This is currently not supported
D) Use a Combine Statement template to add multiple plans
5. Which column in the Eligibility file is used to connect to Bonus Plans? Please choose the correct answer.
A) Value column
B) Eligibility only connects to business goals
C) Field column
D) Rule Id column
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B | Question # 3 Answer: B,D | Question # 4 Answer: D | Question # 5 Answer: D |
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