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| Section | Weight | Objectives |
|---|---|---|
| Bonus Calculation and Funding | 14% | - Compensation calculations
|
| Permissions and Security | 6% | - Access control
|
| Reports and Executive Review | 8% | - Review and reporting
|
| Variable Pay Program Settings | 21% | - Program foundation configuration
|
| Employee History Data | 18% | - Employee data preparation
|
| Business Goals and Goal Weights | 15% | - Goal management
|
| Form Configuration | 12% | - Worksheet setup
|
| Implementation and Administration | 6% | - System administration
|
1. Your customer uses the non-assignment based rating (non-ABR) template. Which sections are used to add assignment-level custom fields?
There are 3 correct answers to this question.
Response:
A) Business section
B) Team section
C) Individual section
D) Entry level section
E) Employee history data section
2. Which use cases require multiplicative formulas?
There are 2 correct answers to this question.
Response:
A) A customer would only pay the target amount if an employee completed above 70% of his individual goals.
B) A customer would like to determine the individual and team sections as a percent.
C) A customer would like the bonus payout to be weighted 50:50 between the personal and business performance.
D) A customer would like to calculate the individual and team sections as an amount.
3. Where do you define the pay-out function type?
Please choose the correct answer.
Response:
A) In the settings part of plan set up
B) In the set bonus calculation part of plan set up
C) In the business goals data file
D) In the bonus plan data file
4. In which section of the variable pay form is the total payout displayed?
Please choose the correct answer.
Response:
A) Employee History
B) Individual Performance
C) Business Goals Performance
D) Entry Level
5. What is the first step to activate the auditing of variable pay data?4
Please choose the correct answer.
Response:
A) Select the fields in the variable pay plan activity audit
B) Schedule the quartz job called Comp Entry Audit Process
C) Submit a CO ticket to Customer Success
D) Enable the Audit setting in provisioning
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: A,B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
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