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| Section | Objectives |
|---|---|
| Integration Scenarios | |
| Business Goals and Goal Weights | |
| Variable Pay Form | |
| Eligibility | |
| Bonus Plans | |
| Reports and Reward Statements | |
| Bonus Calculation Methods | |
| Employee History Data and Background Element | |
| Variable Pay Program Settings |
Question 1
How can you use one reward statement to display incentive data from multiple variable pay plans? Please choose the correct answer.
A. Use one Statement template and create multiple Variable Pay reward statements
B. This will require custom reward statement, and need to contact Customer Success
C. This is currently not supported
D. Use a Combine Statement template to add multiple plans
Question 2
Which budget types can you set up in variable pay? There are 3 correct answers to this question.
A. Results budget
B. Allocated budget
C. Target budget
D. Modelling budget
E. Forecast Budget
Question 3
This setting allows the use of unlimited payout points. Please choose the correct answer.
A. Bonus caps
B. Assignment based rating
C. Flexible payout curves
D. Multiplier setting
Question 4
How are business goals cascaded to employees? Please choose the correct answer.
A. Eligibility file contains the look-up attributes to cascade goals to employees
B. Business goal uses fields from Employee History file as look-up attributes
C. Bonus Plan defines which goals are assigned to bonus plan
D. Business goals come from Performance Management forms
Question 5
Which use case requires a custom reward statement? Please choose the correct answer.
A. Customer would like to combine information from compensation plan and variable pay program in one reward statement
B. Customer would like to combine information from two variable pay programs in one reward statement
C. Customer would like to include multiple logos on the reward statement.
D. Customer would like to include multiple sections on the reward statement
Solutions:
| Question 1 Answer: D | Question 2 Answer: A,D,E | Question 3 Answer: C | Question 4 Answer: B | Question 5 Answer: B |
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