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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Integration and Reporting | < 10% | - System integration
|
| Topic 2: Variable Pay Program Settings | 11% - 20% | - Program configuration
|
| Topic 3: Business Goals and Goal Weights | 11% - 20% | - Goal management
|
| Topic 4: Permissions and Security | < 10% | - Access management
|
| Topic 5: Bonus Calculation and Payout | 21% - 30% | - Compensation calculations
|
| Topic 6: Variable Pay Form Administration | 11% - 20% | - Form management
|
| Topic 7: Employee History Data | 11% - 20% | - Employee data management
|
1. Your customer wants to ensure that no employee's bonus exceeds 200% of their bonus target. How can this be achieved?
A) Use gates on business goals.
B) Use bonus plan caps.
C) Use guidelines where the maximum is set to 200%.
D) Use a bonus plan multiplier of 200%.
2. The bonuses of all employees at your client are determined by the following results: 30% Corporate Performance. 30% Country Performance. 40% Individual Achievement. All employees have the same result for Corporate Performance, but the result for Country Performance varies based on the employee's country.
The Individual Achievement comes from a linked performance form's overall result. How would this be configured? Note: There are 2 correct answers to this question.
A) Additive plan with one Business Goal section. The Business Goal section is weighted 60% and the Individual section is weighted 40%. Within the Business Goal section, Corporate Performance is weighted 50% and Country Performance is weighted 50%
B) Additive plan with one Business Goal section. The Business Goal section is weighted 60% and the Individual section is weighted 40%. Within the Business Goal section, Corporate Performance is weighted 30% and Country Performance is weighted 30%
C) Additive plan with two Business Goal sections. Corporate Performance in one Business Goal section, weighted at 30%. Country Performance in other section, weighted at 30%. Individual section weighted at 40%
D) Additive plan with one Business Goal section. The Business Goal section is weighted 30% and the Individual section is weighted 40%. Within the Business Goal section, Corporate Performance is weighted 30% and Country Performance is weighted 30%
3. 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) 25% and 2,000 respectively
B) 25% and 6,000 respectively
C) 75% and 6,000 respectively
D) 75% and 2,000 respectively
4. How would you assign the same business goal to all employees in a non-EC integrated plan?
A) Use the Manage Employee grouping.
B) Use the user ID of each employee in the business goals file.
C) Use a common field value for all employees in the employee history file.
D) Use the correct performance management form template.
5. How is goal payout determined when using the direct payout function type?
A) The lower amount between the direct payout percentage and the estimated target payout calculation will be used.
B) The higher amount between the direct payout percentage and the performance maximum payout percentage will be used.
C) The lower amount between the direct payout percentage and the performance minimum payout percentage will be used.
D) Direct payout percentage will override normal performance payout calculation.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A,C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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