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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Eligibility | 15% | - Employee inclusion/exclusion - Eligibility rules and criteria |
| Topic 2: Business Goals and Goal Weights | 15% | - Weight assignment and scaling - Goal setup and linking |
| Topic 3: Bonus Calculation Methods | 20% | - Proration and adjustments - Calculation formulas and logic |
| Topic 4: Variable Pay Program Settings | 20% | - Plan setup and general parameters - Program configuration |
| Topic 5: Integration Scenarios | 3% | - Data synchronization - Integration with Employee Central |
| Topic 6: Variable Pay Form | 10% | - Form configuration and layout - Workflow and approval setup |
| Topic 7: Reports and Reward Statements | 7% | - Standard and custom reports - Reward statement generation |
| Topic 8: Employee History and Background Elements | 10% | - History records management - Data import and mapping |
1. What does a point-in-time calculation mean?
Please choose the correct answer.
Response:
A) Target amount is based on effective date of each assignment
B) Employee assignment will not be pro-rated
C) Goal payout will not be pro-rated
D) Target amount is based on a fixed date
2. If a route map is changed after worksheets have already been launched, the changes will:
Please choose the correct answer.
Response:
A) be reflected on in-progress forms.
B) delete all forms.
C) create new forms.
D) not make any impact on in-progress forms.
3. Which field in the Bonus Plan is required to connect to Business Goal Weights file?
Please choose the correct answer.
Response:
A) Bonus Caps column
B) Business Weight column
C) Individual or Team weight column
D) Bonus Plan name column
4. What information can be generated from the bonus payout report?
There are 2 correct answers to this question.
Response:
A) Bonus payout fields
B) Employee details from User Data File
C) Individual goals, weights, and achievements
D) Entry level fields including override amount
5. What report would you process to verify the calculation of business goal performance with the employee's target in their history?
Please choose the correct answer.
Response:
A) Bonus Payout Details
B) Business goal Performance
C) Employee History
D) Bonus Payout
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A,D | Question # 5 Answer: A |
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