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NEW QUESTION # 14
Your client wants to award quarterly bonuses, where the quarters are aligned as follows: Q1: November 1-January 31. Q2: February 1-April 30. Q3: May 1-July 31. Q4: August 1-October 31. Bonuses are paid at the end of each quarter. Which of the following combinations of configuration options would work for this scenario?
- A. One variable pay template with the bonus start date November 1 and end date October 31, and the bonus plan multiplier set to 25%
- B. One variable pay template with the bonus start date November 1 and end date October 31; employee history is loaded with four records per employee (one per quarter) and bonus paid in full on October 31
- C. Four variable pay templates, with the bonus start and end dates aligned with "traditional" quarter dates and custom columns in the employee history to display the customer's dates
- D. Four variable pay templates, with the bonus start and end dates aligned with the customer's dates and employee history to match
Answer: A,C
NEW QUESTION # 15
What does the Enable Guideline Optimization setting do? Note: There are 2 correct answers to this question.
- A. It locks the guideline rule settings so they are un-editable after form launch.
- B. It helps render the worksheet faster when there are more than 1,000 guideline formulas.
- C. It requires relaunching the form when guidelines are changed during mid-cycle.
- D. It changes the guidelines so they are updated on the form immediately.
Answer: B,D
NEW QUESTION # 16
A customer does NOT want the basis to be prorated. In the employee history data file, what dates must the customer enter?
- A. Dates should NOT be entered
- B. Dates later than program dates
- C. Dates earlier than program dates
- D. Dates equal to the program dates
Answer: D
NEW QUESTION # 17
Which scenario requires the weights and mappings data file to be reimported?
- A. Update in an employee's assignment date
- B. Change in business goal name
- C. Change in eligibility rule criteria
- D. Update in bonus cap
Answer: B
NEW QUESTION # 18
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"?
- A. PM form start date <= Assignment end date. Assignment start date <= PM form end date
- B. PM form start date <= Assignment start date. Assignment start date >= PM form end date
- C. PM form start date <= Assignment start date. PM form end date <= Assignment end date
- D. PM form start date >= Assignment end date. Assignment start date <= PM form start date
Answer: A
NEW QUESTION # 19
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.
- A. Lookup values
- B. Calculations
- C. Guidelines
- D. Reports
Answer: B,D
NEW QUESTION # 20
Company ABC rewards its employees using an additive plan based on company (50% weight) and individual (50% weight) performance. An employee's target bonus is 4,000 (100% payout). The company performance is based on two objectives, each weighted at 50% - revenue and operating Income. The revenue objective achievement is 80% and the operating income objective achievement is 90%. If the Individual achievement is 150%, which expression best represents how the bonus is calculated?
- A. 150% x (4000 x 50% x (80% + 4000 x 50% x 90%
- B. 4000 x 50% x (80% x 50% + 90% x 50%) + 4000 x 50% x 150%
- C. 4000 x 150% + 4000 x (80% x 50% + 90% x 50%)
- D. 4000 x 150% x (80% x 50% + 90% x 50%)
Answer: B
NEW QUESTION # 21
Manager form eligibility rules are written to exclude employees in specific business units. Based on this information, which setting must be enabled for the plan to include the correct employees?
- A. Enable Suppress Statement
- B. All employees are eligible
- C. No employees are eligible
- D. Enable Guideline Optimization
Answer: B
NEW QUESTION # 22
Which of the following system-standard equations are considered to be multiplicative formulas? Note: There are 3 correct answers to this question.
- A. Base x (business performance + team performance + individual performance)
- B. Base x (business performance + individual performance)
- C. Base x business performance
- D. Base x business performance x individual performance
- E. Base x business performance x team performance x individual performance
Answer: C,D,E
NEW QUESTION # 23
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?
- A. Delete the existing worksheet and then launch a new set.
- B. Update Goal Result and Update worksheets.
- C. Delete the user from their worksheet and add them back into the worksheet.
- D. Calculate Bonus and Update worksheets.
Answer: D
NEW QUESTION # 24
What is included in the Bonus Payout Details report? Note: There are 3 correct answers to this question.
- A. Total pay items for each employee
- B. Payout guidelines for each employee
- C. Multiple rows of payout for each employee
- D. Eligibility criteria for each employee
- E. Bonus calculation for each employee
Answer: C,D,E
NEW QUESTION # 25
Which mathematical operations can be used with standard bonus calculation equations? Note: There are 2 correct answers to this question.
- A. Multiplication
- B. Division
- C. Addition
- D. Subtraction
Answer: A,C
NEW QUESTION # 26
How can you create worksheets where employees have planners outside their line manager hierarchy?
- A. Assign the employees to matrix managers and use matrix managers in the route map.
- B. Use the custom manager option for assigning employees in the user data file and in the route map.
- C. Create the worksheets the same as in compensation planning and move employees to other managers through Employee Membership.
- D. Create a Second Manager hierarchy and set the template to use this hierarchy instead of the Standard hierarchy.
Answer: D
NEW QUESTION # 27
What is the effect of proration rounding?
- A. Forces proration to have X decimal places, where X is configurable
- B. Rounds proration to a monthly value
- C. Allows for the use of "point in time" salary calculations
- D. Changes start and/or end date used in BonusCalculation
Answer: B
NEW QUESTION # 28
What report requires that worksheets have been launched before it will show results?
- A. Employee history gaps
- B. Bonus payout
- C. Business goal performance
- D. Employee history overlaps
Answer: B
NEW QUESTION # 29
What is the relationship between goal weights and bonus plans?
- A. Goals are uniquely weighted based on the bonus plan they are assigned to.
- B. Goal weights are required to equal 100% for each bonus plan.
- C. All bonus plans must have equally weighted business goals.
- D. Business goal weights must be created first, before bonus plans are created.
Answer: A,B
NEW QUESTION # 30
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 Corp plan for the entire plan year, from January 1-December 31.
- B. This employee is eligible for the BU plan for a portion of the plan year, from January 1-July 31.
- C. This employee is eligible for the BU plan for a portion of the plan year, from August 1-December 31.
- D. This employees is eligible for the Corp plan from January 1-July 31 and the BU plan from August 1-December 31.
Answer: D
NEW QUESTION # 31
Which Variable Pay report shows employees that have less than the full plan year of eligibility?
- A. Employee History Overlaps report
- B. Bonus Payout Details report
- C. Employee History Gaps report
- D. Employee History report
Answer: C
NEW QUESTION # 32
Why might you use the check tool? Note: There are 2 correct answers to this question.
- A. To determine inactive planners in the hierarchy
- B. To determine if employees are assigned to an appropriate bonus plan
- C. To determine if goal weights are equal to 100%
- D. To determine if custom fields are reloadable
Answer: A,D
NEW QUESTION # 33
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. 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%
- C. 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.
- D. 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
Answer: A,B
NEW QUESTION # 34
Which customer scenarios require the use of multiple variable pay programs? Note: There are 3 correct answers to this question.
- A. The customer is using a different plan period date range.
- B. The customer is using different eligibility rules.
- C. The customer is using a different bonus calculation formula.
- D. The customer has some employees in Employee Central and others in an external system.
- E. The customer is using a different route map.
Answer: A,C,E
NEW QUESTION # 35
In which customer scenario do you need to create more than one bonus plan in the same program?
- A. The customer has multiple plan period date ranges.
- B. The customer has multiple route maps.
- C. The customer has multiple sets of business goals.
- D. The customer is using multiple bonus calculation formulas.
Answer: C
NEW QUESTION # 36
You are implementing an Employee Central-integrated Variable Pay template. The employee has 3 assignment records pulled from Employee Central, each with start and end dates within the bonus period, resulting in NO gaps or overlaps. What is the impact of the 3 assignment records on the payout?
- A. Each record is considered when the employee's bonus payout is calculated and the bonus is prorated based on the dates of each record.
- B. The last record is considered when the employee's bonus payout is calculated and the bonus is increased by 3X the target.
- C. Each record is considered when the employee's bonus payout is calculated and the bonus is increased by 3X the target.
- D. The first record is considered when the employee's bonus payout is calculated and the bonus is increased by 3X the target.
Answer: A
NEW QUESTION # 37
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.
- A. Only employees who are active employees on January 1, 2020 are eligible to receive a bonus.
- B. Only employees in bonus plans "Executive", "Manager" or "Employee" are eligible to receive a bonus.
- C. Only employees who have had less than 20 days of unpaid leave during the bonus period are eligible for a bonus.
- D. Only Permanent full-time employees are eligible to receive a bonus.
Answer: A,D
NEW QUESTION # 38
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