PV1

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Title of test:
PV1

Description:
Py1 Vable1

Author:
AJ1
(Other tests from this author)

Creation Date:
06/11/2019

Category:
Others
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Content:
You imported the Employee History Data file. The import job was completed with the status "failure record". What needs to be checked in the Employee History Data file? User ID User name Variable Pay Program ID Variable Pay Program Name.
One of the business goals is to reduce the amount of Customer complaints. Which of the following are correct imports of the goal? Metrics Can now be loaded as: performanceMin=50, performanceTargetLow=70, performanceTarget=100, performanceTargetHigh=130 performanceMax=150 Metrics Can now be loaded as: performanceMin=150, performanceTargetLow=130, performanceTarget=100, performanceTargetHigh=70 performanceMax=50 Metrics Can now be loaded as: performanceMin=50, performanceTarget=100, performanceMax=150 Metrics Can now be loaded as: performanceMin=150, performanceTarget=100, performanceMax=50.
Your customer uses the non-assignment based rating (non-ABR) template. Which sections are used to add assignment-level custom fields? Business section Individual section Team section Entry level section Employee history data section.
The customer is using a custom formula to calculate for employee basis. What do you need to do in regards to the basis field maintenance? Leave the field blank when importing the Employee History data file Configure the field to be hidden in the background element Delete the field when importing the Employee history data file Configure the field as a custom field in the back ground element.
A 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"? PM form Start date >= Assignment end date Assignment start date <= PM form start date PM form start date <= Assignment start date PM form end date <= Assignment end date PM form start date <= Assignment end date Assignment start date <= PM form end date PM form start date <= Assignment start date Assignment start date >= PM form end date.
Question: There are 3 correct answers to this question. Results budget Modelling budget Allocated budget Forecast Budget Target budget.
Your customer uses role-based permissions. The Variable pay administrator imports the Employee History Data which contains the assignment history for all employees Which data is uploaded? Data for employees who are in the admin's Dynamic group Data for all employees, when the option "Import file contains assignment history for all employees” is checked Data for employees who are in the admin's Target population. Data for all employees, when the option “Delete all existing records prior to importing new data” is checked.
Besides "Choose Bonus Plan", what are the other options for calculating the bonus payout? There are 2 correct answers to this question. By department By manager By employee By PM form type.
Question: This feature allows managers and employees to see an individual employee view of the Variable Pay bonus plan. Please choose the correct answer. Configure label names and visibility Role-Based permission Live profile visibility Field-Based permission.
If a route map is changed after worksheets have already been launched, the changes will: Please choose the correct answer. be reflected on in-progress forms. delete all forms. create new forms. not make any impact on in-progress forms.
Question: This feature allows administrator to restrict field visibility to certain roles. Please choose the correct answer. Field restriction is not supported Field grouping Read only function in Column Designer Field-Based permission.
In order to assign employees to a bonus plan, what relationships must be maintained? Assign the eligibility rule to a look up field in Eligibility data file Assign the eligibility rule to a look up field in bonus plan data file Use a lookup field in the user data file Use a lookup field in the employee history data file.
What is the first step to activate the auditing of variable pay data?4 Please choose the correct answer. Enable the Audit setting in provisioning Submit a CO ticket to Customer Success Schedule the quartz job called Comp Entry Audit Process Select the fields in the variable pay plan activity audit.
Which fields are required in the Employee history data file? There are 3 correct answers to this question. Basis Salary Start Date Bonus Target Percentage End Date.
How can an employee’s target bonus value get prorated based on the employee’s hire date? Please choose the correct answer. Calculate the percent of proration and put that percentage in the SALARY_PRORATING column on the user data file(UDF) Make sure the SALARY_PRORATING_START_DATE in the user data file(UDF) is the employee’s hire date Set the includeSalaryProrating option to ‘true’ in the template XML and use date-based proration Put the employee’s hire date in the startDate for the assignment in the employee history file.
Which report definition types are available for variable pay when creating ad hoc reports? There are 2 correct answers to this question. Business goal details Bonus detail Individual goals Aggregate export.
How are business goals cascaded to employees? Please choose the correct answer. Bonus Plan defines which goals are assigned to bonus plan Eligibility file contains the look-up attributes to cascade goals to employees Business goal uses fields from Employee History file as look-up attributes Business goals come from Performance Management forms.
Question: According to the translation workbook, you need to translate all labels of fields. Which tools can you use? There are 2 correct answers to this question. Company settings Variable pay program XML template Column Designer Manage plan details.
Which field changes in the employee history editor require a recalculation of the bonus payout to update ex Please choose the correct answer. Payout percent User name Basis Assignment Dates.
Question: Your customer asks for separate teams to manage the compensation process across the globe using a single template for the organization. Which features are required? There are 2 correct answers to this question. Role-Based Per Field Permission Groups Decentralized Admin Statement Assignment Groups.
Question: Which steps are necessary to activate the variable pay individual view? There are 3 correct answers to this question. Complete variable pay forms Add variable pay individual view to variable plan template Add variable pay individual view to succession data model Configure employee files Select display live profile view after form creation.
Question: How are bonus plans assigned to employee assignments? There are 2 correct answers to this question The bonus plan file includes start and end dates that correspond to each employee assignment dates The eligibility file should contain the bonus plan name The bonus plan for each employee assignment is included in the employee history data file Creating rule in eligibility file that corresponds to each bonus plan Using the fields in employee history as look-up attributes in eligibility file.
Question: This file contains the achievement forecasts and results. Please choose the correct answer. Bonus Plan Business Goals Goal weights Employee History.
Question: Which “field-name” attributes of a variable pay back ground element are reserved for specific data field ids? There are 2 correct answers to this question. Dfld1 Vfid5 Ifid1 Ffid1.
Question: A company is using multiple business goal section. Which formulas can be used to calculate bonus payout? There are 2 correct answers to this question. Base X Business 1 X Business 2 X Individual Base X (Business 1 + Business 2) X Individual Base X (Business 1 + Business 2 + individual) Base X Business 1 X Business 2.
Question: What information does the override report provide? Please choose the correct answer Employees who have the section percent values modified from the default Employees who have an amount entered which varies from the default guideline amount Employees who have an amount entered in the field total Final Payout Identify employees who were moved based on the advanced setting of “Do not override manually updated employees”.
Question: Eligibility file is linked to which import files? Please choose the correct answer. User data file Business goals data file Employee history data file Bonus plan data file.
Question: According to translation workbook, you need to translate all labels of fields.Which tools do you use? There are 2 correct answers to this question. Variable pay program XML template Column Designer Plan setup advanced settings Manage plan details.
Question: By default bonus forecasting results can be grouped into which categories? There are 2 correct answers to this question. Job code Department Country Planners.
Question: This setting allows the use of unlimited payout points. Please choose the correct answer. Assignment based rating Flexible payout curves Bonus caps Multiplier setting.
Question: Which file is used to assign weight to business goals relative to the bonus plan they are included to? Please choose the correct answer. Eligibility file Business Goals file Business goal weights file Bonus plans.
Question: Which report can be generated only after worksheets have been launched? Please choose the correct answer. Bonus Payout Details Bonus Payout Business goal Performance Employee History Gaps.
Question: Which sequence should be followed for bonus forecast to work? Please choose the correct answer. Upload goals file Upload weights and mappings file Create bonus forecast Upload weights and mappings file Upload goals file Create bonus forecast Create bonus forecast Upload Goals file Upload weights and mappings file Upload Goals file Create bonus forecast Upload weights and mapping file Upload goals file.
Question: You enabled the Decentralized Administration function. Which object must be manually modified to include the “Administrator_Group”? Please choose the correct answer Weights and mappings Eligibility Rules Bonus Plan Goal Plan.
Question: How can you use one reward statement to display incentive data from multiple variable pay plans? Please choose the correct answer. Use one Statement template and create multiple Variable Pay reward statements This is currently not supported Use a Combine Statement template to add multiple plans This will require custom reward statement, and need to contact Customer Success.
How can worksheets be created with employees reporting to different managers outside of the normal reporting relationship? Please choose the correct answer Create a second manager hierarchy and have the template use that hierarchy instead of the reporting hierarchy. Assign the employees to matrix managers and use matrix managers in the route map Use the custom manager option for assigning employees in the data file and in the route map Create worksheets as done in compensation planning and move employees to other managers through employee membership.
Question: Why would you use the background element for variable pay? Please choose the correct answer To define the fields for bonus plan file To define the fields for employee history data file To define the fields for business goals file To define the fields of variable pay portlet in employee profile.
Question: This compensation hierarchy designates all managers to be compensation planners. Please choose the correct answer Rollup Hierarchy Standard Suite Hierarchy Second Manager Hierarchy .
Question: What does a point-in-time calculation mean? Please choose the correct answer. Target amount is based on a fixed date Target amount is based on effective date of each assignment Goal payout will not be pro-rated Employee assignment will not be pro-rated.
Question: Your customer uses Business Goals in a Variable Pay Program. All the necessary configuration is completed. You have launched the Variable Pay worksheet and the observed Bonus Payout is calculated correctly but Business Goals do not appear in the worksheet. With all necessary permissions given, which file do you need to check? Please choose the correct answer Business Goals import file Business Goal Weights import file Business Goal XML file Variable Pay Program XML file.
Question: Your customer wants to measure the profit based on corporate divisions. In which files do you specify this look up field? Please choose the correct answer. User data file(UDF) and business goal data file Employee history data file and Bonus plan data file Employee history data file and business goals data file User Data File (UDF) and bonus plan data file.
Question: This permission allows users access to a Variable Pay form, even if they are not part of the routemap. Please choose the correct answer. Executive Review Permission Configure Program permission Manage Compensation Plan Template Compensation Management Permission.
Question: One example of a bonus calculation formula is base multiplied by individual performance What does Base indicates? Please choose the correct answer. Bonus section weight Bonus Actual Amount Bonus Target amount Bonus payout percentage.
Question: Which of the following statements provide a description of Guidelines? There are 2 correct answers to this question Hard Limit set in guidelines can be overridden Guidelines can be configured to be based on five custom fields Guidelines can use multiple criteria Guidelines are used only for Individual and Team components of bonus calculation.
What information is entered in the varPayProgramName column of the employee history data file? Please choose the correct answer. The variable pay objective plan id The plan template name The background type ID The background element name.
Question: To create a bonus plan, which fields of the Bonus Plan file are required? There are 2 correct answers to this question. BONUSPLAN BUSINESS_GOALS_NAME BUSINESS_GOALS_ORDER ELIGIBILITY_RULE.
Question: Basis is referred to as Please choose the correct answer. Bonus target opportunity Calculated Individual payout Section payout amount Final bonus payout.
Question: The customer wants to include Country as a field in the employee history data file, but does not want it to be visible on the form Which syntax in the background element will meet this requirement? Please choose the correct answer. <data-field id="country" field-name="fid1"hidden ="true" max-length="4000" max-file-size-KB="1000"> <label/> Country</label> </data-field> <data-field id="country" field-name="wfld5" hidden ="true" max-length="4000" max-file-size-KB="1000"> <label/>Country</labels> <data-field> <data-field id="country" field-name="vfld14" hidden ="true" max-length="4000" max-file-size-KB="1000"> <label/> Country</label> <data-field data-field id="country" field-name="wide" hidden ="true" max-length="4000" max-file-size-KB="1000"> <label/>Country<label/> <data-field.
In which file do you specify the relationship between bonus plan and business goals? Please choose the correct answer. Business goals data file Business goal template Business goal weights file Bonus Plan data file.
Question: Given the image below, Which employee gets all three bonus plans? Please choose the correct answer. smormony1 jLo1 rmaxx1 mhoff1.
Question: Where do you set the display order of the business goals? Please choose the correct answer. Weights and Mappings Data file Bonus plan data file Business goals in Manage plan details Business goals data file.
Question: Your customer wants to round to the nearest tenth for money fields. Which rounding rules can you use? There are 2 correct answers to this question. ###,000 #,###,0 ###,### #,###,#.
Question: This file defines the section weight used for calculating incentive payments. Please choose the correct answer. Bonus Plan Employee History Data File Business Goal weights Business Goals.
Question: In which section of the variable pay form is the total payout displayed? Please choose the correct answer. Entry Level Individual Performance Business Goals Performance Employee History.
Question: In which situation does an employee need to be moved between worksheets? Please choose the correct answer. Change of HR manager Change of bonus plan assignment Change of reporting manager Change of performance period.
Question: Which scenario requires weights and mappings data file to be imported? There are 3 correct answers to this question. Change in goal display order Change in bonus plan Change in eligibility rule Change in business goal Change in look up field .
Question: How is rounding determined in SAP SuccessFactors Variable Pay? Please choose the correct answer. Each variable pay field is assigned a number format Money is always rounded to nearest dollar Number Format is based on Planner's personal settings You can only assign one number format for money.
Which feature allows employees to view their individual bonus results even if variable pay forms are still in-progress? Please choose the correct answer. Live profile visibility Bonus forecast Compensation profile Individual preview.
Question: What are the different payout function types? There are 3 correct answers to this question. Direct Indirect Interpolation Proration Step.
Question: Which field can be updated using only the bonus plan import file? Please choose the correct answer. Pool Identifier Associate Type Cap Percent Eligibility Rule.
Question: Which use case requires a custom reward statement? Please choose the correct answer. Customer would like to combine information from compensation plan and variable pay program in one reward statement Customer would like to combine information from two variable pay programs in one reward statement Customer would like to include multiple logos on the reward statement. Customer would like to include multiple sections on the reward statement.
Question: What report would you process to verify the calculation of business goal performance with the employee’s target in their history? Please choose the correct answer. Business goal Performance Bonus Payout Bonus Payout Details Employee History.
Question: How does the variable pay form determine the default compensation number format? Please choose the correct answer Based on the planner’s imported default locale Based on the number format rules Based on the employee’s imported default locale Based on the format assigned to the field.
Question: Why would you need to use multiple bonus plans? There are 3 correct answers to this question. Different Bonus plan caps Different Business Goals weights Different Bonus Achievement calculations Different Bonus eligibility rules Different set of business goals.
Question: 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 than program dates Dates earlier or equal to program dates Dates equal to the program dates Dates later than program dates.
Question: What are the required fields in the eligibility data file? There are 2 correct answers to this question. Eligibility Rule Value Plan ID Rule ID.
Question: Your customer has the following bonus plan eligibility requirements: a. Hire date is on or before “8th Sept 2015” b. Business unit is equal to “HR” or location is equal to “East” Which option can be used to fulfil this requirement? Please choose the correct answer. Use eligibility rule data file import Use bonus plan data file import Use configure business rules Use compensation eligibility rules.
Question: Your customer wants to display the prorated bonus target amounts based on the date range in the worksheet. In which section of the worksheet could this sum be displayed? Please choose the correct answer. Entry level Individual Calculation Business Calculation Employee History.
Question: Company ABC rewards its sales employees based on company and individual performance. An employee’s individual performance is worth 80% of the total payout and business goals are worth 20% of the total payout. The business goals are corporate revenue, weighted 40% and corporate operating income amount, weighted 60%. The employee target bonus is $1,000. Corporate revenue amount 50% Corporate operating income amount 100% Target Individual Amount 120% What is the final bonus payout amount? Please choose the correct answer. $960 $1,000 $1,160 $1,120.
Question: A new employee history file was reimported and the old employee history data is deleted. To update the form, which of the following activities do you need to do? There are 2 correct answers to this question. Launch new worksheets Delete old worksheets Update all worksheets Run calculate bonus payout.
Question: Which variable pay feature ensures that the minimum level of funding is achieved before there is a final payout? Please choose the correct answer. Team guidelines Business goal gates Performance minimum Individual guidelines.
Question: Which of the following are acceptable fields to be used in suppressing statements? There are 2 correct answers to this question Custom string fields only Formula fields with Boolean result "YES" or "NO" value Standard string fields only Formula fields with Boolean result "TRUE" or "FALSE" value.
Question: What is the Difference between additive and multiplicative formulas for bonus calculation? Please choose the correct answer. Additive formulas use payout amount whereas multiplicative formulas use payout percent Additive formulas use payout percent whereas multiplicative formulas use payout amount multiplied by section weights. Additive formulas use payout percent whereas multiplicative formulas use section weights. Additive formulas use section weights whereas multiplicative formulas use payout percent.
Question: Which field in the Bonus Plan is required to connect to Business Goal Weights file? Please choose the correct answer. Business Weight column Bonus Plan name column Bonus Caps column Individual or Team weight column.
Question: Which variable pay report will generate multiple rows per employee, showing calculated payout for every business goal an employee has within a bonus plan? Please choose the correct answer. Individual preview Bonus payout details Bonus payout Business goal performance.
Which column in the Eligibility file is used to connect to Bonus Plans? Please choose the correct answer. Value column Rule Id column Field column Eligibility only connects to business goals.
Question: Which parameters can you use in the "Based On Budget Calculation" section for Variable Pay Program? There are 3 correct answers to this question. User Forecast Group Template Results.
Question: 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 business goals file Configure the min / max in the <comp-guideline-pattern> in the XML Configure minimum / maximum guidelines in the plan set up.
Question: Before importing a new business goal XML template, what do you need to change? There are 3 correct answers to this question. Plan Type Plan Name Plan Start Date Plan Number Format Plan ID.
Question: This file defines the display order of business goals on the form. Please choose the correct answer. Employee History Data Goal weights file Business Goals file Bonus Plan.
Given the image below , Which employee get all three bonus plans? mhoff1 jLo1 smormony1 rmaxx1.
Question: Which options defines bonus caps? There are 2 correct answers to this question. By planner By Bonus plan By business goals By employee.
Score 1 of 1 Question: Basis is referred to as Please choose the correct answer. Section payout amount Final bonus payout Bonus target opportunity Calculated Individual payout.
Question: Which “field-name” attributes of a variable pay back ground element are reserved for specific data field ids? There are 2 correct answers to this question. Vfid5 Ifid1 Ffid1 Dfld1.
Which configuration options are offered by the column designer? There are 2 correct answers to this question. Create custom fields Create number format rules Specify columns and column order Hide sections.
Question: How is rounding determined in SAP SuccessFactors Variable Pay? Please choose the correct answer. Number Format is based on Planner's personal settings Money is always rounded to nearest dollar You can only assign one number format for money Each variable pay field is assigned a number format.
Question: 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? Please choose the correct answer. Use “Update all worksheets” Use “Update a Specific Worksheet” Use Calculate bonus payout” Delete the existing worksheet and then launch a new set.
Question: The customer is using a custom formula to calculate for employee basis. What do you need to do in regards to the basis field maintenance? Please choose the correct answer Configure the field as a custom field in the back ground element Configure the field to be hidden in the background element Delete the field when importing the Employee history data file Leave the field blank when importing the Employee History data file.
Question: What is the first step to activate the auditing of variable pay data?4 Please choose the correct answer. Select the fields in the variable pay plan activity audit Submit a CO ticket to Customer Success Enable the Audit setting in provisioning Schedule the quartz job called Comp Entry Audit Process.
Question: Your customer asks for separate teams to manage the compensation process across the globe using a single template for the organization. Which features are required? There are 2 correct answers to this question. Role-Based Per Statement Assignment Groups Decentralized Admin Field Permission Groups.
Question: A 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"? There are 2 correct answers to this question. PM form Start date >= Assignment end date Assignment start date <= PM form start date PM form start date <= Assignment start date PM form end date <= Assignment end date PM form start date <= Assignment start date Assignment start date >= PM form end date PM form start date <= Assignment end date Assignment start date <= PM form end date.
Question: Your Customer wants to use its business units to assign goal achievements. To set up this requirement, what do you need to do? Please choose the correct answer. Define business units field as department in succession data model XML Define business units field in the variable pay background element XML Import data via User Data File(UDF) Import data via Employee History data file.
Question: In which file do you include forecasted data for what-if scenarios? Please choose the correct answer. Employee history Bonus plans Business goals Weights and mappings.
Question: Which object uses instance synchronization feature? Please choose the correct answer. Currency conversion table Variable pay statement template Lookup table Variable pay Program template.
Question: This permission allows users access to a Variable Pay form, even if they are not part of the routemap. Please choose the correct answer. Configure Program permission Executive Review Permission Compensation Management Permission Manage Compensation Plan Template.
Question: Your customer wants to display the prorated bonus target amounts based on the date range in the worksheet. In which section of the worksheet could this sum be displayed? Please choose the correct answer. Individual Calculation Business Calculation Entry level Employee History.
Question: The custom formula is tgtPct*salary. Looking at the background element, what adjustment must be made? Please choose the correct answer. The basis field must be hidden in the background element The tgtPct and salary fields must both be float fields The tgtPct and salary fields must both be numeric fields The basis field must be deleted from background element.
Question: This feature allows managers and employees to see an individual employee view of the Variable Pay bonus plan. Please choose the correct answer Role-Based permission Configure label names and visibility Live profile visibility Field-Based permission.
Question: Which option can be used if you want end-of-year salary to be the bonus basis? Please choose the correct answer. Import basis from Employee History data file Calculate basis using custom formula Import basis from UDF Use a lookup table.
Before importing a new business goal XML template, what do you need to change? There are 3 correct answers to this question Plan Number Format Plan ID Plan Name Plan Start Date Plan Type.
Question: This compensation hierarchy designates all managers to be compensation planners. Please choose the correct answer. Second Manager Hierarchy Standard Suite Hierarchy Rollup Hierarchy.
Question: How are business goals cascaded to employees? Please choose the correct answer. Business goals come from Performance Management forms Business goal uses fields from Employee History file as look-up attributes Bonus Plan defines which goals are assigned to bonus plan Eligibility file contains the look-up attributes to cascade goals to employees.
Question: What must be considered for custom basis formulas? There are 2 correct answers to this question. Fields to be used in the custom formula must be defined as ffId or ifld fields The custom formula must use fields from the employee history file The basis field(Field type ffld1) must be used to define the custom formula. The custom formula must use fields from the user data file.
Question: Which column in the Eligibility file is used to connect to Bonus Plans? Please choose the correct answer. Value column Rule Id column Field column Eligibility only connects to business goals.
Question: Your customer has the following bonus plan eligibility requirements: a. Hire date is on or before “8th Sept 2015” b. Business unit is equal to “HR” or location is equal to “East” Which option can be used to fulfil this requirement? Please choose the correct answer. Use compensation eligibility rules Use eligibility rule data file import Use configure business rules Use bonus plan data file import.
Question: If a route map is changed after worksheets have already been launched, the changes will: Please choose the correct answer. delete all forms. not make any impact on in-progress forms. be reflected on in-progress forms. create new forms.
Question: Customer variable pay program dates are January 1 to December 31, 2014. Given the screenshot below, what are proration and prorated target amount? Please choose the correct answer. 25% and 6000 respectively 75% and 6000 respectively 75% and 2000 respectively 25% and 2000 respectively.
Question: This feature allows administrator to restrict field visibility to certain roles. Please choose the correct answer. Field-Based permission Field grouping Field restriction is not supported Read only function in Column Designer.
Question: An employee appears on a variable pay form with greyed out data. Why does this occur? There are 2 correct answers to this question. The employee is missing in the Employee History data file. PM forms for the employee are missing. The status of the employee is "inactive". The employee was excluded, according to the Manage Form eligibility rule.
Question: According to the translation workbook, you need to translate all labels of fields. Which tools can you use? There are 2 correct answers to this question. Company settings Column Designer Variable pay program XML template Manage plan details.
Question: When configuring goal gates, which options are valid to be used as GATE_LEVEL? There are 3 correct answers to this question. Team Section Team Goals Business Goals Individual Goals Individual Section.
Question: This file contains the achievement forecasts and results. Please choose the correct answer Employee History Bonus Plan Goal weights Business Goals.
Question: What information is entered in the varPayProgramName column of the employee history data file? Please choose the correct answer. The variable pay objective plan id The background type ID The plan template name The background element name.
Question: The employee history data file import process was completed but returned with errors. Given the image below, which column is causing the error message? The salary column The basis column The endDate column The tgtpct column.
Question: Question: In which situation does an employee need to be moved between worksheets? Please choose the correct answer. Change of bonus plan assignment Change of performance period Change of reporting manager Change of HR manager.
Question: Which budget types can you set up in variable pay? There are 3 correct answers to this question. Results budget Target budget Forecast Budget Modelling budget Allocated budget.
Question: Which use cases require multiplicative formulas? There are 2 correct answers to this question. A customer would only pay the target amount if an employee completed above 70% of his individual goals. A customer would like to calculate the individual and team sections as an amount. A customer would like to determine the individual and team sections as a percent. A customer would like the bonus payout to be weighted 50:50 between the personal and business performance.
Question: 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 than program dates Dates later than program dates Dates equal to the program dates Dates earlier or equal to program dates.
Question: Which feature allows employees to view their individual bonus results even if variable pay forms are still in-progress? Compensation profile Bonus forecast Live profile visibility Individual preview.
Question: If the starting point of eligibility is set to “No employees are eligible” what actions are required to include employees in the bonus plan? There are 2 correct answers to this question. Create rule in manager form eligibility to include employees Flag employees as “TRUE” in UDF eligibility Add employees to the history data file Use an MDF rule instead of importing eligibility rules.
Question: Which setting must remain consistent when configuring variable pay background elements? There are 2 correct answers to this question. Background element ID must always start with “varPayEmpHistData” Type ID must always be 24 Target bonus amount must always use “basis” as data field ID The assignment dates and the program dates must be identical.
Question: Your customer uses Business Goals in a Variable Pay Program. All the necessary configuration is completed. You have launched the Variable Pay worksheet and the observed Bonus Payout is calculated correctly but Business Goals do not appear in the worksheet. With all necessary permissions given, which file do you need to check? Please choose the correct answer Business Goal Weights import file Business Goals import file Variable Pay Program XML file Business Goal XML file.
Question: Which feature allows you to configure more than 5 predetermined points of min, low target, high, max for goal performance? There are 2 correct answers to this question Goal Gates Multiple Business goal sections Flexible payout curves Goal accelerators.
Question: Why would you use the background element for variable pay? Please choose the correct answer. To define the fields for business goals file To define the fields for bonus plan file To define the fields for employee history data file To define the fields of variable pay portlet in employee profile.
Question: What information does the override report provide? Please choose the correct answer. Employees who have the section percent values modified from the default Employees who have an amount entered which varies from the default guideline amount Identify employees who were moved based on the advanced setting of “Do not override manually updated employees” Employees who have an amount entered in the field total Final Payout.
Question: How does the variable pay form determine the default compensation number format? Please choose the correct answer. Based on the number format rules Based on the employee’s imported default locale Based on the planner’s imported default locale Based on the format assigned to the field.
Question: What must be considered for custom basis formulas? There are 2 correct answers to this question. The basis field(Field type ffld1) must be used to define the custom formula. The custom formula must use fields from the employee history file The custom formula must use fields from the user data file Fields to be used in the custom formula must be defined as ffId or ifld fields.
How can you use one reward statement to display incentive data from multiple variable pay plans? Please choose the correct answer. Use one Statement template and create multiple Variable Pay reward statements Use a Combine Statement template to add multiple plans This will require custom reward statement, and need to contact Customer Success This is currently not supported.
Question: Enable Guideline optimization setting will Please choose the correct answer. Delete forms and create new worksheets with new guidelines Not impact any in progress forms Allow changes on guidelines to reflect automatically on forms without creating new worksheets Create new forms with new guidelines.
Question: Which of the following are acceptable fields to be used in suppressing statements? There are 2 correct answers to this question. Standard string fields only Custom string fields only Formula fields with Boolean result "YES" or "NO" value Formula fields with Boolean result "TRUE" or "FALSE" value.
Question: How can an employee’s target bonus value get prorated based on the employee’s hire date? Please choose the correct answer. Make sure the SALARY_PRORATING_START_DATE in the user data file(UDF) is the employee’s hire date Put the employee’s hire date in the startDate for the assignment in the employee history file Set the includeSalaryProrating option to ‘true’ in the template XML and use date-based proration Calculate the percent of proration and put that percentage in the SALARY_PRORATING column on the user data file(UDF).
Question: This setting allows the use of unlimited payout points. Please choose the correct answer. Bonus caps Assignment based rating Flexible payout curves Multiplier setting.
Question: Which of the following Variable Pay scenarios can you use ich feature allows you to configure more than 5 predetermined points of min, l for? There are 2 correct answers to this question. Check for formula configuration Check to see if employees are assigned to correct bonus plans Check for inactive planners Check employees assignment gap.
Question: Your customer uses the non-assignment based rating (non-ABR) template. Which sections are used to add assignment-level custom fields? There are 3 correct answers to this question Team section Entry level section Business section Employee history data section Individual section.
Question: An employee appears on a variable pay form with greyed out data. Why does this occur? There are 2 correct answers to this question. The employee was excluded, according to the Manage Form eligibility rule. PM forms for the employee are missing. The status of the employee is "inactive". The employee is missing in the Employee History data file.
Question: Basis is referred to as Please choose the correct answer. Bonus target opportunity Final bonus payout Section payout amount Calculated Individual payout.
Question: By default bonus forecasting results can be grouped into which categories? There are 2 correct answers to this question. Job code Planners Country Department.
Question: 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 a fixed date Target amount is based on effective date of each assignment Goal payout will not be pro-rated.
Question: Which field changes in the employee history editor require a recalculation of the bonus payout to update ex Please choose the correct answer. User name Payout percent Assignment Dates Basis.
Question: What information is entered in the varPayProgramName column of the employee history data file? Please choose the correct answer. The variable pay objective plan id The background type ID The plan template name The background element name.
Why would you need to use multiple bonus plans? There are 3 correct answers to this question. Different Bonus Achievement calculations Different Bonus plan caps Different Bonus eligibility rules Different set of business goals Different Business Goals weights.
Question: Why would you use manager form eligibility? Please choose the correct answer. 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 To include inactive users to be visible on varpay form.
Given the image below, what hierarchy method is being used in the template? Please choose the correct answer. Standard suite hierarchy with inactive users Compensation Manager hierarchy with inactive users Standard suite hierarchy Compensation Manager Hierarchy.
Question: 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 equal to the program dates Dates later than program dates Dates earlier or equal to program dates Dates earlier than program dates.
Question: In order to assign employees to a bonus plan, what relationships must be maintained? There are 2 correct answers to this question Assign the eligibility rule to a look up field in Eligibility data file Use a lookup field in the user data file Assign the eligibility rule to a look up field in bonus plan data file Use a lookup field in the employee history data file.
Question: 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? Please choose the correct answer. Use “Update a Specific Worksheet” Use Calculate bonus payout” Delete the existing worksheet and then launch a new set. Use “Update all worksheets”.
Question: When forecasting individual goals, which of the following settings are available? Please choose the correct answer. Custom calculation for bonus forecasting. Current year target amount Previous year’s guidelines Current guidelines.
Question: How can worksheets be created with employees reporting to different managers outside of the normal reporting relationship? Please choose the correct answer. Use the custom manager option for assigning employees in the data file and in the route map Create a second manager hierarchy and have the template use that hierarchy instead of the reporting hierarchy. Assign the employees to matrix managers and use matrix managers in the route map Create worksheets as done in compensation planning and move employees to other managers through employee membership.
Question: Which use cases require multiplicative formulas? There are 2 correct answers to this question. A customer would only pay the target amount if an employee completed above 70% of his individual goals. A customer would like the bonus payout to be weighted 50:50 between the personal and business performance. A customer would like to determine the individual and team sections as a percent. A customer would like to calculate the individual and team sections as an amount.
Question: Where do you set the display order of the business goals? Please choose the correct answer Bonus plan data file Weights and Mappings Data file Business goals data file Business goals in Manage plan details.
Question: Which of the following statements provide a description of Guidelines? There are 2 correct answers to this question. Guidelines can use multiple criteria Hard Limit set in guidelines can be overridden Guidelines are used only for Individual and Team components of bonus calculation Guidelines can be configured to be based on five custom fields.
Question: How are bonus plans assigned to employee assignments? There are 2 correct answers to this question. Using the fields in employee history as look-up attributes in eligibility file Creating rule in eligibility file that corresponds to each bonus plan The eligibility file should contain the bonus plan name The bonus plan file includes start and end dates that correspond to each employee assignment dates The bonus plan for each employee assignment is included in the employee history data file.
Question: What are the different payout function types? There are 3 correct answers to this question. Proration Indirect Interpolation Direct Step.
Question: Which parameters can you use in the "Based On Budget Calculation" section for Variable Pay Program? There are 3 correct answers to this question. Forecast User Group Results Template.
Question: What is the first step to activate the auditing of variable pay data?4 Please choose the correct answer. Schedule the quartz job called Comp Entry Audit Process Submit a CO ticket to Customer Success Select the fields in the variable pay plan activity audit Enable the Audit setting in provisioning.
Question: The employee history data file import process was completed but returned with errors. Given the image below, which column is causing the error message? Please choose the correct answer The salary column The tgtpct column The basis column The endDate column.
Question: The client has 3 business 3 business goals for their variable pay program: PROFIT, EBITA and NETSALES. However, If their net sales is less than the payment(regardless of performance) and payout will b ezero. How can one goal’s performance affect the payout of another goal? There are 2 correct answers to this question. Using the gates option for business goals Configuring an eligibility rule Use IF/THEN logic to modify the payout amount at the assignment level Using the performance minimum in business goals.
Question: Your customer asks for separate teams to manage the compensation process across the globe using a single template for the organization. Which features are required? There are 2 correct answers to this question. Field Permission Groups Role-Based Per Decentralized Admin Statement Assignment Groups.
Question: Besides "Choose Bonus Plan", what are the other options for calculating the bonus payout? There are 2 correct answers to this question. By department By PM form type By employee By manager.
Question: What is the Difference between additive and multiplicative formulas for bonus calculation? Please choose the correct answer. Additive formulas use payout percent whereas multiplicative formulas use section weights. Additive formulas use payout amount whereas multiplicative formulas use payout percent Additive formulas use section weights whereas multiplicative formulas use payout percent Additive formulas use payout percent whereas multiplicative formulas use payout amount multiplied by section weights.
Which setting must remain consistent when configuring variable pay background elements? There are 2 correct answers to this question. Type ID must always be 24 Background element ID must always start with “varPayEmpHistData” The assignment dates and the program dates must be identical Target bonus amount must always use “basis” as data field ID.
Question: Based on 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 OR D2 OR department T1 OR with job role J1 All employees from division D1 with department T1 AND all employees from division D2 with job role J1. All employees from division D1 AND D2 with department T1 OR job role J1 All employees from division D1 OR D2 with department T1 AND job role J1.
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