Your customer uses role-based permissions. The Variable Pay administrator imports the employee history data file that contains the assignment history for all employees.
What data is processed?
- A . Data for all employees when the option "Import file contains assignment history for all employees" is checked
- B . Data for employees who are in the administrator’s dynamic group
- C . Data for employees who are in the administrator’s target population
- D . Data for all employees when the option "Delete all existing records prior to importing new data" is checked
Assume a starting point of “All employees are eligible” and all employees will appear on the worksheet regardless of employee history.
Why would you use Manager Form Eligibility Rules?
- A . To include inactive users as part of the payout calculation
- B . To exclude employees who have given their notice from the Variable Pay form
- C . To exclude employees who have given their notice from the bonus payout calculation
- D . To include inactive users as part of the Variable Pay form
A client has the following requirements: Executives have 3 business goals and NO individual performance metrics. Divisional VPs have 6 business goals and NO individual performance metrics. Directors have 6 business goals and individual performance weighted at 40%. Managers have 3 business goals and an individual performance multiplier.
What is the minimum number of templates that can be configured to satisfy these requirements without the use of custom columns?
- A . 1
- B . 4
- C . 2
- D . 3
Which Variable Pay report shows employees that have less than the full plan year of eligibility?
- A . Employee History Overlaps report
- B . Employee History Gaps report
- C . Employee History report
- D . Bonus Payout Details report
Which of the following fields are connected to reserved fields in the Variable Pay Background Element? Note: There are 3 correct answers to this question.
- A . Variable Pay Program Name
- B . Basis
- C . Local Currency Code
- D . Salary
- E . Target Percentage
Which scenario requires the weights and mappings data file to be reimported?
- A . Change in business goal name
- B . Change in eligibility rule criteria
- C . Update in an employee’s assignment date
- D . Update in bonus cap
What does the Enable Guideline Optimization setting do? Note: There are 2 correct answers to this question.
- A . It helps render the worksheet faster when there are more than 1,000 guideline formulas.
- B . It changes the guidelines so they are updated on the form immediately.
- C . It requires relaunching the form when guidelines are changed during mid-cycle.
- D . It locks the guideline rule settings so they are un-editable after form launch.
In which file do you specify the relationship between bonus plan and business goals?
- A . Business goal template
- B . Business goals data file
- C . Bonus plan data file
- D . Weights and mappings data file
A customer’s variable pay program dates are January 1 to December 31, 2017.
Given the screenshot below, what are the approximate Proration and Prorated Target Amount for this assignment?
- A . 75% and 6,000 respectively
- B . 25% and 2,000 respectively
- C . 75% and 2,000 respectively
- D . 25% and 6,000 respectively
Which of the following are payout function types supported in Business Goals? Note: There are 3 correct answers to this question.
- A . Step scale
- B . Multiplicative
- C . Interpolation
- D . Additive
- E . Direct payout
What task can you complete in Configure Label Names and Visibility?
- A . Change field groups.
- B . Relabel employee history fields.
- C . Create custom fields.
- D . Deactivate form sections.
Which of the following areas are impacted when a customer uses flexible payout curves in their Variable Pay plan? Note: There are 2 correct answers to this question.
- A . Calculations
- B . Lookup values
- C . Guidelines
- D . Reports
The screenshot below is the entire currency conversion table. The functional currency of this customer is USD.
Which currency view modes can be used with this table?
- A . Functional only
- B . Functional, User, Planner, and Any Currency
- C . Functional and User
- D . Functional, User, and Planner
Your client has a performance process where employees can enter goals. The individual part of the employee’s bonus is based on the performance against these goals C but not all of them. When going through the goal setting process, the employee and their manager will discuss whether or not a goal is "bonus relevant" C that is, the employee’s attainment against that goal affects their bonus at the end of the year.
What is the best way to set this up without administrative intervention?
- A . Relevant goal performance is imported into each employee’s Assignment History.
- B . Goals that are relevant to the employee’s bonus need to have a different type, set when creating the goal.
- C . Goals that are relevant to the employee’s bonus need to be in a separate section in the performance form.
- D . Goals that are relevant to the employee’s bonus need to be exported from Goal Management and imported into Business Goals.
Which of the following scenarios are good uses of a global eligibility rule in an Employee Central integrated template? Note: There are 2 correct answers to this question.
- A . Only employees who have had less than 20 days of unpaid leave during the bonus period are eligible for a bonus.
- B . Only employees in bonus plans "Executive", "Manager" or "Employee" are eligible to receive a bonus.
- C . Only employees who are active employees on January 1, 2020 are eligible to receive a bonus.
- D . Only Permanent full-time employees are eligible to receive a bonus.
A client has three custom fields in their templates and they want to use these fields as plan-level Executive Review filters to help with their analysis.
Which of the following is a valid configuration option for this requirement in a non-EC configuration?
- A . The fields use a lookup table to derive the data based on conditional logic and are read-only.
- B . The fields use a custom calculation and are read-only.
- C . The fields are mapped to import keys uploaded within the UDF and are read-only.
- D . The fields are mapped to import keys uploaded within the UDF and are editable.
You have an Employee Central client who wants to calculate the basis, based on employee-specific data. From which of the following areas can you get this data? Note: There are 2 correct answers to this question.
- A . Job information
- B . Job relationships
- C . Pay Component non-recurring
- D . Compensation information
Which of the following are standard criteria that can be used to create guidelines in variable pay? Note: There are 3 correct answers to this question.
- A . Division
- B . Rating
- C . Job level
- D . Country
- E . Pay grade
You are implementing an Employee Central-integrated Variable Pay template. The employee has 3 assignment records pulled from Employee Central, each with start and end dates within the bonus period, resulting in NO gaps or overlaps.
What is the impact of the 3 assignment records on the payout?
- A . The last record is considered when the employee’s bonus payout is calculated and the bonus is increased by 3X the target.
- B . Each record is considered when the employee’s bonus payout is calculated and the bonus is prorated based on the dates of each record.
- C . The first record is considered when the employee’s bonus payout is calculated and the bonus is increased by 3X the target.
- D . Each record is considered when the employee’s bonus payout is calculated and the bonus is increased by 3X the target.
What feature allows employees to view their individual bonus results even if variable pay forms are still in progress?
- A . Bonus forecast
- B . Compensation profile
- C . Bonus assignment letter
- D . Variable Pay individual view
What is the relationship between goal weights and bonus plans?
- A . All bonus plans must have equally weighted business goals.
- B . Business goal weights must be created first, before bonus plans are created.
- C . Goals are uniquely weighted based on the bonus plan they are assigned to.
- D . Goal weights are required to equal 100% for each bonus plan.
Which tools can employees use to see the final payout amount awarded to them? Note: There are 3 correct answers to this question.
- A . Personal Compensation Statement Notification
- B . Bonus Assignment Statement
- C . Combined Rewards Statement
- D . Variable Pay Rewards Statement
- E . Variable Pay Individual View
Where do you define the payout function type?
- A . Business Goal Weights
- B . Business Goals
- C . Bonus Plan
- D . Background Element
Which of the following tools can you use to reorder the fields in the Assignment Details section (as shown in the screenshot)?
- A . Variable Pay XML template
- B . Column Designer
- C . Configure Label Names and Visibility
- D . Succession data model
A performance management (PM) form will be considered a match to an assignment when its period overlaps with the period of the assignment.
Which combination of conditions qualifies as "overlap"?
- A . PM form start date >= Assignment end date. Assignment start date <= PM form start date
- B . PM form start date <= Assignment start date. Assignment start date >= PM form end date
- C . PM form start date <= Assignment end date. Assignment start date <= PM form end date
- D . PM form start date <= Assignment start date. PM form end date <= Assignment end date
Which field-name attributes of a variable pay background element are reserved for a specific purpose? Note: There are 2 correct answers to this question.
- A . dfid1
- B . ifid1
- C . vfid5
- D . ffid1
Which of the following system-standard equations are considered to be multiplicative formulas? Note: There are 3 correct answers to this question.
- A . Base x business performance x individual performance
- B . Base x business performance x team performance x individual performance
- C . Base x business performance
- D . Base x (business performance + team performance + individual performance)
- E . Base x (business performance + individual performance)
Your customer wants to display historical bonus payments with the current worksheet.
How can they show this information? Note: There are 2 correct answers to this question.
- A . Define compensation period data in the compensation profile.
- B . Configure custom views in plan setup.
- C . Build an integration with the previous variable pay goal template.
- D . Create eligibility rules to pull historical data from previous plans.
Due to some company reorganizations and rapid career advancement, an employee at your client has the following data in Employee Central: On the Variable Pay template, there is a custom string column that is mapped to the Job Title field on the Job Information portlet in Employee Central. The Effective Date of the template is June 1, 2020. The Bonus Period is from January 1, 2020 to December 31, 2020.
What is displayed in the Job Title field when the forms are launched?
- A . Marketing Assistant
- B . Marketing Manager
- C . Sales Advisor
- D . Sales Associate
Bonuses for all engineers at your client are calculated as follows: Basis (prorated salary × bonus target) × company achievement. Bonuses for all marketing staff at your client are calculated as follows: Basis × 50% individual achievement + 50% company achievement.
How can this be implemented? Note: There are 2 correct answers to this question.
- A . Two variable pay programs: one using Base × Business Performance and using Base × (Business Performance + Individual Performance). The additive plan uses one business goal section weighted at 50%
- B . One variable pay program that uses Base × (Business Performance + Individual Performance). Two bonus plans: one with the weighting 100% corporate and the other 50% corporate and 50% individual.
- C . One variable pay program using Base × Business Performance × Individual Performance. Two bonus plans: one with the weighting 100% individual and the other 50% corporate and 50% individual.
- D . One variable pay program that uses Base × (Business Performance + Individual Performance). Two bonus plans: one with the weighting 100% individual and the other 50% corporate and 50% individual