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Question # 4

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)

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Question # 5

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 Individual section is capped to 100% unless the combined payout of the business goals exceeds 75%.

B.

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.

C.

There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal CANNOT pay more than 100% unless Revenue achieves above target.

D.

There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal will payout at 0% unless the Individual performance rating is "Good" or better.

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Question # 6

Which field types can be added to the variable pay background section? Note: There are 3 correct answers to this question.

A.

Integer fields

B.

Float fields

C.

Boolean fields

D.

Text fields

E.

Percentage fields

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Question # 7

In which customer scenario do you need to create more than one bonus plan in the same program?

A.

The customer has multiple plan period date ranges.

B.

The customer is using multiple bonus calculation formulas.

C.

The customer has multiple route maps.

D.

The customer has multiple sets of business goals.

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Question # 8

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.

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Question # 9

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

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Question # 10

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

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Question # 11

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.

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Question # 12

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 – 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" – 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.

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