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1. 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) Create eligibility rules to pull historical data from previous plans.
B) Define compensation period data in the compensation profile.
C) Build an integration with the previous variable pay goal template.
D) Configure custom views in plan setup.
2. Your client wants to award quarterly bonuses, where the quarters are aligned as follows: Q1: November
1-January 31. Q2: February 1-April 30. Q3: May 1-July 31. Q4: August 1-October 31. Bonuses are paid at the end of each quarter. Which of the following combinations of configuration options would work for this scenario?
A) Four variable pay templates, with the bonus start and end dates aligned with "traditional" quarter dates and custom columns in the employee history to display the customer's dates
B) Four variable pay templates, with the bonus start and end dates aligned with the customer's dates and employee history to match
C) One variable pay template with the bonus start date November 1 and end date October 31; employee history is loaded with four records per employee (one per quarter) and bonus paid in fullon October 31
D) One variable pay template with the bonus start date November 1 and end date October 31, and the bonus plan multiplier set to 25%
3. Which of the following can be achieved using variable pay gates? Notes: There are 2 correct answers to this question.
A) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal CANNOT pay more than 100% unless Revenue achieves above target.
B) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDAgoal will payout at 0% unless the Individual performance rating is "Good" or better.
C) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The Individual section is capped to 100% unless the combined payout of the business goals exceeds 75%.
D) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The entire business goal section will pay out at 50% unless Customer Satisfaction is above target.
4. What task can you complete in Configure Label Names and Visibility?
A) Create custom fields.
B) Deactivate form sections.
C) Change field groups.
D) Relabel employee history fields.
5. From where can you pull fields to assign business goals to employees through the business goals import file?
A) Bonus plan weights
B) Employee history fields
C) Summary level custom reportable fields
D) Summary level standard fields
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: A,D | Question # 3 Answer: B,D | Question # 4 Answer: B | Question # 5 Answer: B |
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