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1. Refer to the screenshot below. When implementing an Employee Central-integrated Variable Pay template, to which of the following does the highlighted Effective Date refer?
A) The date the system uses to pull data from Employee Central
B) The date published transactions are effective in Employee Central
C) The date the program ends
D) The date the program begins
2. What attribute must you change when creating a new Business Goal XML template to ensure that the correct business goals are referenced?
A) Plan name
B) Plan ID
C) Plan number format
D) Plan type
3. Company ABC rewards its employees using an additive plan based on company (50% weight) and individual (50% weight) performance. An employee's target bonus is 4,000 (100% payout). The company performance is based on two objectives, each weighted at 50% - revenue and operating Income. The revenue objective achievement is 80% and the operating income objective achievement is 90%. If the Individual achievement is
150%, which expression best represents how the bonus is calculated?
A) 4000 x 50% x (80% x 50% + 90% x 50%) + 4000 x 50% x 150%
B) 4000 x 150% + 4000 x (80% x 50% + 90% x 50%)
C) 4000 x 150% x (80% x 50% + 90% x 50%)
D) 150% x (4000 x 50% x (80% + 4000 x 50% x 90%
4. Which steps should you take to activate the Variable Pay Individual View? Note: There are 3 correct answers to this question.
A) Select Display Live Profile View.
B) Complete the Variable Pay forms.
C) Add the Variable Pay Individual View to the Variable Plan template.
D) Configure the employee files.
E) Add the Variable Pay Individual View to the Succession Data Model.
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 EBITDAgoal will payout at 0% unless the Individual performance rating is "Good" or better.
B) There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal CANNOT pay more than 100% unless Revenue achieves above target.
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.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,B,D | Question # 3 Answer: A | Question # 4 Answer: A,C,E | Question # 5 Answer: A,D |
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