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1. Your customer wants to use its business units to assign goal achievements. What are the first steps to set up this requirement? Note: There are 2 correct answers to this question.
A) Define the Business Unit field as a department in the Succession Data Model XML.
B) Define the Business Unit field in the Variable Pay Background Element XML.
C) Import business unit data via the employee history data file.
D) Import business unit data via the user data file.
2. An employee was part of the Consumer business unit from January 1-July 31 and transferred to the Corporate Support business unit beginning August 1. Based on the screenshot, what can you determine about this employee's eligibility?
A) This employee is eligible for the BU plan for a portion of the plan year, from January 1-July 31.
B) This employees is eligible for the Corp plan from January 1-July 31 and the BU plan from August
1-December 31.
C) This employee is eligible for the BU plan for a portion of the plan year, from August 1-December 31.
D) This employee is eligible for the Corp plan for the entire plan year, from January 1-December 31.
3. A customer is using a custom formula to calculate the employee basis. What must you do to ensure that the basis calculates correctly?
A) Configure the Basis field to be hidden in the background element.
B) Leave the Basis field blank when importing the employee history data file.
C) Configure the Basis field as a custom field in the background element.
D) Delete the Basis field header when importing the employee history data file.
4. Which Variable Pay report shows employees that have less than the full plan year of eligibility?
A) Employee History Overlaps report
B) Employee History Gaps report
C) Bonus Payout Details report
D) Employee History report
5. Bonuses for all engineers at your client are calculated as follows: Basis (prorated salary × bonus target) × company achievement. Bonuses for all marketing staff at your client are calculated as follows: Basis × 50% individual achievement + 50% company achievement. How can this be implemented? Note: There are 2 correct answers to this question.
A) One variable pay program that uses Base × (Business Performance + Individual Performance). Two bonus plans: one with the weighting 100% corporate and the other 50% corporate and 50% individual.
B) One variable pay program that uses Base × (Business Performance + Individual Performance). Two bonus plans: one with the weighting 100% individual and the other 50% corporate and 50% individual
C) Two variable pay programs: one using Base × Business Performance and using Base × (Business Performance + Individual Performance). The additive plan uses one business goal section weighted at
50%
D) One variable pay program using Base × Business Performance × Individual Performance. Two bonus plans: one with the weighting 100% individual and the other 50% corporate and 50% individual.
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A,C |
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