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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.

4000 x 50% x (80% x 50% + 90% x 50%) + 4000 x 50% x 150%

B.

4000 x 150% x (80% x 50% + 90% x 50%)

C.

150% x (4000 x 50% x (80% + 4000 x 50% x 90%

D.

4000 x 150% + 4000 x (80% x 50% + 90% x 50%)

You want to see historical payouts initiated through manager self-service from the Variable Pay form. What do you use?

A.

Custom views

B.

Executive review

C.

Compensation profile

D.

Field-based permission

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.

The last record is considered when the employee's bonus payout is calculated and the bonus is increased by 3X the target.

B.

Each record is considered when the employee's bonus payout is calculated and the bonus is prorated based on the dates of each record.

C.

The first record is considered when the employee's bonus payout is calculated and the bonus is increased by 3X the target.

D.

Each record is considered when the employee's bonus payout is calculated and the bonus is increased by 3X the target.

What feature allows employees to view their individual bonus results even if variable pay forms are still in progress?

A.

Bonus forecast

B.

Compensation profile

C.

Bonus assignment letter

D.

Variable Pay individual view

What is the relationship between goal weights and bonus plans?

A.

All bonus plans must have equally weighted business goals.

B.

Business goal weights must be created first, before bonus plans are created.

C.

Goals are uniquely weighted based on the bonus plan they are assigned to.

D.

Goal weights are required to equal 100% for each bonus plan.

In which file do you specify the relationship between bonus plan and business goals?

A.

Business goal template

B.

Business goals data file

C.

Bonus plan data file

D.

Weights and mappings data file

Refer to the screenshot below. When implementing an Employee Central-integrated Variable Pay template, to which of the following does the highlighted Effective Date refer?

A.

The date published transactions are effective in Employee Central

B.

The date the system uses to pull data from Employee Central

C.

The date the program ends

D.

The date the program begins

A customer does NOT want the basis to be prorated. In the employee history data file, what dates must the customer enter?

A.

Dates later than program dates

B.

Dates should NOT be entered

C.

Dates equal to the program dates

D.

Dates earlier than program dates

Which of the following can be achieved using variable pay gates? Notes: There are 2 correct answers to this question.

A.

There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The Individual section is capped to 100% unless the combined payout of the business goals exceeds 75%.

B.

There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The entire business goal section will pay out at 50% unless Customer Satisfaction is above target.

C.

There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal CANNOT pay more than 100% unless Revenue achieves above target.

D.

There are three business goals: Revenue, EBITDA, and Customer Satisfaction. The EBITDA goal will payout at 0% unless the Individual performance rating is "Good" or better.

Which of the following are standard criteria that can be used to create guidelines in variable pay? Note: There are 3 correct answers to this question.

A.

Division

B.

Rating

C.

Job level

D.

Country

E.

Pay grade