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| Section | Objectives |
|---|---|
| Topic 1: Data Models and Integration | - Import/export of compensation data - Employee Central integration for variable pay |
| Topic 2: Plan Setup and Configuration | - Eligibility rules and guidelines setup - Bonus plan templates and settings - Payout formulas and calculation rules |
| Topic 3: Payout and Budgeting Process | - Bonus calculation and payout generation - Budget allocation and distribution rules |
| Topic 4: Variable Pay Solution Overview | - Integration with SAP SuccessFactors Compensation - Concepts of variable pay and incentive plans |
| Topic 5: Reporting and Administration | - Reporting tools in SuccessFactors Variable Pay - Plan administration and lifecycle management |
1. Enable Guideline optimization setting will
Please choose the correct answer.
Response:
A) Create new forms with new guidelines
B) Delete forms and create new worksheets with new guidelines
C) Allow changes on guidelines to reflect automatically on forms without creating new worksheets
D) Not impact any in progress forms
2. Given the image below, what hierarchy method is being used in the template?
Please choose the correct answer.
Response:
A) Compensation Manager Hierarchy
B) Compensation Manager hierarchy with inactive users
C) Standard suite hierarchy
D) Standard suite hierarchy with inactive users
3. When forecasting individual goals, which of the following settings are available?
Please choose the correct answer.
Response:
A) Current year target amount
B) Previous year's guidelines
C) Custom calculation for bonus forecasting.
D) Current guidelines
4. Which budget types can you set up in variable pay?
There are 3 correct answers to this question.
Response:
A) Target budget
B) Forecast Budget
C) Modelling budget
D) Results budget
E) Allocated budget
5. How can an employee's target bonus value get prorated based on the employee's hire date?
Please choose the correct answer.
Response:
A) Put the employee's hire date in the startDate for the assignment in the employee history file
B) Make sure the SALARY_PRORATING_START_DATE in the user data file(UDF) is the employee's hire date
C) Calculate the percent of proration and put that percentage in the SALARY_PRORATING column on the user data file(UDF)
D) Set the includeSalaryProrating option to 'true' in the template XML and use date-based proration
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: B,C,D | Question # 5 Answer: A |
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