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Your customer wants to load the final results of business goals to be used in payout calculation. What column from the business goal import file must be used to load the results of each business goal?
Which customer scenarios require the use of multiple variable pay programs? Note: There are 3 correct answers to this question.
A customer is using a custom formula to calculate the employee basis. What must you do to ensure that the basis calculates correctly?
Which field-name attributes of a variable pay background element are reserved for a specific purpose? Note: There are 2 correct answers to this question.
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.
Which of the following scenarios are good uses of a global eligibility rule in an Employee Central integrated template? Note: There are 2 correct answers to this question.
In which customer scenarios are multiple bonus plans required in a single program? Note: There are 2 correct answers to this question.
Why might you use the check tool? Note: There are 2 correct answers to this question.
What is the relationship between goal weights and bonus plans?
What information should be entered into the varPayProgramName column of the employee history data file?
A performance management (PM) form will be considered a match to an assignment when its period overlaps with the period of the assignment. Which combination of conditions qualifies as "overlap"?
What is the difference between additive and multiplicative formulas for bonus calculation with respect to the impact of section weight, payout percent, and payout amount?
Which of the following system-standard equations are considered to be multiplicative formulas? Note: There are 3 correct answers to this question.
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.
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.
Your client has a performance process where employees can enter goals. The individual part of the employee's bonus is based on the performance against these goals – but not all of them. When going through the goal setting process, the employee and their manager will discuss whether or not a goal is "bonus relevant" – that is, the employee's attainment against that goal affects their bonus at the end of the year. What is the best way to set this up without administrative intervention?
Where do you define the payout function type?
Which Variable Pay report shows employees that have less than the full plan year of eligibility?
Which bonus plan configuration is available only when using an import file?
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 client has the following requirements: Executives have 3 business goals and NO individual performance metrics. Divisional VPs have 6 business goals and NO individual performance metrics. Directors have 6 business goals and individual performance weighted at 40%. Managers have 3 business goals and an individual performance multiplier. What is the minimum number of templates that can be configured to satisfy these requirements without the use of custom columns?
Assume a starting point of “All employees are eligible” and all employees will appear on the worksheet regardless of employee history. Why would you use Manager Form Eligibility Rules?
Which mathematical operations can be used with standard bonus calculation equations? Note: There are 2 correct answers to this question.
Your customer uses role-based permissions. The Variable Pay administrator imports the employee
history data file that contains the assignment history for all employees. What data is processed?