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| Section | Objectives |
|---|---|
| Topic 1: Variable Pay Form | |
| Topic 2: Reports and Reward Statements | |
| Topic 3: Employee History Data and Background Element | |
| Topic 4: Integration Scenarios | |
| Topic 5: Business Goals and Goal Weights | |
| Topic 6: Variable Pay Program Settings | |
| Topic 7: Bonus Plans | |
| Topic 8: Eligibility | |
| Topic 9: Bonus Calculation Methods |
1. Why would you need to use multiple bonus plans? There are 3 correct answers to this question.
A) Different Bonus plan caps
B) Different Bonus Achievement calculations
C) Different Bonus eligibility rules
D) Different Business Goals weights
E) Different set of business goals
2. Which parameters can you use in the "Based On Budget Calculation" section for Variable Pay Program? There are 3 correct answers to this question.
A) User
B) Template
C) Results
D) Group
E) Forecast
3. Besides "Choose Bonus Plan", what are the other options for calculating the bonus payout? There are 2 correct answers to this question.
A) By employee
B) By manager
C) By department
D) By PM form type
4. How does the variable pay form determine the default compensation number format? Please choose the correct answer
A) Based on the planner's imported default locale
B) Based on the employee's imported default locale
C) Based on the format assigned to the field
D) Based on the number format rules
5. You imported the Employee History Data file. The import job was completed with the status "failure record".
What needs to be checked in the Employee History Data file?
A) User ID
B) User name
C) Variable Pay Program ID
D) Variable Pay Program Name
Solutions:
| Question # 1 Answer: A,D,E | Question # 2 Answer: A,B,D | Question # 3 Answer: A,B | Question # 4 Answer: D | Question # 5 Answer: A,D |
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