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Q42. A customer updated an employee’s assignment date using the employee history editor, but the proration amount remained the same in the worksheet. How can you correct this?

Update Goal Result and Update worksheets.

Delete the user from their worksheet and add them back into the worksheet.

Delete the existing worksheet and then launch a new set.

Calculate Bonus and Update worksheets.

Q43. This permissionallows users access to a Variable Pay form, even if they are not part of the routemap. Please choose the correct answer.

Compensation Management Permission

Manage Compensation Plan Template

Configure Program permission

Executive Review Permission

Q44. Company XYZ rewards its sales employees based on company and individual performance. Each employee’s target bonus is a percentage of their salary. Both company and individual performance are combined, then multiplied by the basis. Employees are assigned weighted goals under company performance (revenue, profit, etc.). Which of the following bonus calculation equations is best to use for this organization?

base x business performance x individual performance

base + (business performance + individual performance)

base x (business performance x individual performance)

base x (business performance + individual performance)

Q45. Which of the following statements provide a description of Guidelines? There are 2 correct answers to this question.

Guidelines areused only for Individual and Team components of bonus calculation

Hard Limit set in guidelines can be overridden

Guidelines can use multiple criteria

Guidelines can be configured to be based on five custom fields

Q46. What does a point-in-time calculation mean? Please choose the correct answer.

Employee assignment will not be pro-rated

Target amount is based on effective date of each assignment

Target amount is based on a fixed date

Goal payout will not be pro-rated

Q47. A public sector company would like to pay one business goal according to the following guidelines: If the company makes profits, employees get 100% of their target payout. If the company loses $50,000, employees get 50% of their target payout. If the company loses $100,000 or more, nobody receives a payout. Finance provides administrators with the final amount on February 1 every year. How should your customer create this interpolated business goal?

Load metrics as: performanceMin=-100,000, performanceTarget=-50,000, performanceMax=0

Load metrics as: performanceMin= 0, performanceTarget= 50, performanceMax= 100

Use the Direct Payout function type and load 100,000 as achievement.

Use the Direct Payout function type and load 40,000 as achievement.

Q48. How do you ensure that a planner enters an amount within specific range?
Please choose the correct answer.
Response:

Create gates using performanceMin and performanceMax

Enter values in the minimum / maximum columns on the businessgoals file

Configure minimum / maximum guidelines in the plan set up.

Configure the min / max in the <comp-guideline-pattern> in the XML

Q49. A PM form will be considered a match to an assignment when its period overlaps with the period of the assignment. Which combination ofconditions qualifies as “overlap”?

PM form start date <= Assignment end date Assignment start date <= PM form end date

PM form start date <= Assignment start date PM form end date <= Assignment end date

PM form start date <= Assignment start dateAssignment start date >= PM form end date

PM form Start date >= Assignment end date Assignment start date <= PM form start date

Q50. What task can you complete in Configure Label Names and Visibility?

Change field groups.

Relabel employee history fields.

Create custom fields.

Deactivate form sections.

Q51. Why would you use manager form eligibility?
Please choose the correct answer.

To include inactive users to be visible on varpay form

To include bonus ineligible employees to be visible on varpay form

To include bonus ineligible employees to be part of payout calculation

To include inactive users to be part of payout calculation

Q52. In which section of the variable pay form is the total payout displayed? Please choose the correct answer.

Business Goals Performance

Entry Level

Individual Performance

Employee History

Q53. 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.

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%

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.

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.

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

Q54. What attribute must you change when creating a new Business Goal XML template to ensure that the correct business goals are referenced?

Plan name

Plan ID

Plan number format

Plan type

Q55. Which of the following areas are impacted when a customer uses flexible payout curves in their Variable Pay plan? Note: There are 2 correct answers to this question.

Calculations

Lookup values

Guidelines

Reports

Q56. Your customer, who has offices in the US and Germany, has the following two bonus schemes: Revenue Enabling Bonus. Revenue Generating Bonus. US employees in the Revenue Enabling Bonus scheme are weighted 40% Business Achievement and 60% Personal Achievement, while in Germany, it is 50% for each. They all have the same business goal: “Corporate Results”. US employees in the Revenue Generating Bonus scheme are weighted 35% Business Achievement and 65% Personal Achievement. The only business goal is “Country Results”, where the goal achievement differs between the US and Germany. What is the minimum number of bonus plans required to meet this requirement?

Q57. What must be considered for custom basis formulas? There are 2 correct answers to this question.

The custom formula must use fields from the employee history file

The basis field(Field type ffldl) must be used to define the customformula.

The custom formula must use fields from the user data file

Fields to be used in the custom formula must be defined as ffld or ifld fields

Q58. Basedon the Eligibility rule in the following screenshot, which employees are eligible for bonus plan B1?
Please choose the correct answer.

All employees from division D1 with department T1 AND all employees from division D2 with job role J1

All employees from division D1 OR D2 OR department T1 OR with job role J1

All employees from division D1 OR D2 with department T1 AND job role J1.

All employees from division D1 AND D2 with department T1 OR job role J1

Q59. A customer does not want the basis to be prorated. In the employee history data file, what dates must the customer enter? Please choose the correct answer.

Dates earlier or equal to program dates

Dates equal to the program dates

Dates later than program dates

Dates earlier than program dates

Q60. Which steps are necessary to activate the variable pay individual view? There are 3 correct answers to this question.

Configure employee files

Add variable pay individual view to succession data model

Addvariable pay individual view to variable plan template

Select display live profile view after form creation

Complete variable pay forms

Q61. Which of the following are acceptable fields to be used in suppressing statements? There are 2 correct answers to this question.

Formula fields with Boolean result “TRUE” or “FALSE” value

Custom string fields only

Formula fields with Boolean result “YES” or “NO” value

Standard string fields only

Q62. Which bonus plan configuration is available only when using an import file?

Bonus Plan Name

Team Section Weight

Bonus Cap Percentage

Individual Section Weight

Q63. Which options defines bonus caps?
There are 2 correct answers to this question.

By planner

By Bonus plan

By employee

By business goals

Q64. Which field changes in the employee history editor require a recalculation of the bonus payout to update ex Please choose thecorrect answer.

Assignment Dates

Payout percent

User name

Basis

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