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| Section | Weight | Objectives |
|---|---|---|
| Employee History Data | 18% | - Employee data preparation
|
| Business Goals and Goal Weights | 15% | - Goal management
|
| Reports and Executive Review | 8% | - Review and reporting
|
| Form Configuration | 12% | - Worksheet setup
|
| Permissions and Security | 6% | - Access control
|
| Implementation and Administration | 6% | - System administration
|
| Bonus Calculation and Funding | 14% | - Compensation calculations
|
| Variable Pay Program Settings | 21% | - Program foundation configuration
|
1. Which of the following statements provide a description of Guidelines?
There are 2 correct answers to this question.
Response:
A) Hard Limit set in guidelines can be overridden
B) Guidelines can be configured to be based on five custom fields
C) Guidelines are used only for Individual and Team components of bonus calculation
D) Guidelines can use multiple criteria
2. Which report can be generated only after worksheets have been launched?
Please choose the correct answer.
Response:
A) Bonus Payout Details
B) Business goal Performance
C) Employee History Gaps
D) Bonus Payout
3. Which variable pay feature ensures that the minimum level of funding is achieved before there is a final payout?
Please choose the correct answer.
Response:
A) Individual guidelines
B) Team guidelines
C) Business goal gates
D) Performance minimum
4. Which use case requires a custom reward statement?
Please choose the correct answer.
Response:
A) Customer would like to combine information from two variable pay programs in one reward statement
B) Customer would like to combine information from compensation plan and variable pay program in one reward statement
C) Customer would like to include multiple logos on the reward statement.
D) Customer would like to include multiple sections on the reward statement
5. The employee appears on a variable pay form with greyed out data. Why does this occur?
There are 2 correct answers to this question.
Response:
A) The employee was excluded, according to the Manage Form eligibility rule.
B) The status of the employee is "inactive".
C) The employee is missing in the Employee History data file.
D) PM forms for the employee are missing.
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: A,C |
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