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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Business Goals and Goal Weights | 11-20% | - Goal calculation logic - Weighting and performance scale configuration - Goal file setup and import |
| Topic 2: Integration Scenarios | <=10% | - Integration with Compensation - Data flow and synchronization - Integration with Employee Central |
| Topic 3: Bonus Plans | 11-20% | - Proration and rounding rules - Plan assignment logic - Plan creation and attributes |
| Topic 4: Employee History Data & Background Elements | 11-20% | - Background element configuration - Data file structure and import - Assignment history handling |
| Topic 5: Bonus Calculation Methods | 10% | - Payout calculation scenarios - Formula configuration - Custom basis configuration |
| Topic 6: Reports and Reward Statements | <=10% | - Statement generation and customization - Standard reports - Export and distribution |
| Topic 7: Eligibility | 10% | - Eligibility file configuration - Eligibility rule definition - Rule validation and troubleshooting |
| Topic 8: Variable Pay Program Settings | 11-20% | - Program configuration and setup - Template and XML configuration - Role-based permissions |
1. Which sequence should be followed for bonus forecast to work? Please choose the correct answer.
A) Upload weights and mappings file ] Upload goals file Create bonus forecast
B) Upload Goals file Create bonus forecast ] Upload weights and mapping file Upload goals file
C) Upload goals file ] Upload weights and mappings file Create bonus forecast
D) Create bonus forecast ] Upload Goals file Upload weights and mappings file
2. To create a bonus plan, which fields of the Bonus Plan file are required? There are 2 correct answers to this question.
A) ELIGIBILITY_RULE
B) BUSINESS_GOALS_NAME
C) BONUSPLAN
D) BUSINESS_GOALS_ORDER
3. This permission allows users access to a Variable Pay form, even if they are not part of the route map. Please choose the correct answer.
A) Configure Program permission
B) Manage Compensation Plan Template
C) Executive Review Permission
D) Compensation Management Permission
4. Which field in the Bonus Plan is required to connect to Business Goal Weights file? Please choose the correct answer.
A) Bonus Caps column
B) Business Weight column
C) Bonus Plan name column
D) Individual or Team weight column
5. How are bonus plans assigned to employee assignments? There are 2 correct answers to this question.
A) The bonus plan for each employee assignment is included in the employee history data file
B) Creating rule in eligibility file that corresponds to each bonus plan
C) The bonus plan file includes start and end dates that correspond to each employee assignment dates
D) The eligibility file should contain the bonus plan name
E) Using the fields in employee history as look-up attributes in eligibility file
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,C | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: B,E |
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