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| Section | Objectives |
|---|---|
| Topic 1: Variable Pay Configuration | - Eligibility rules and guidelines - Plan setup and templates - Bonus calculation rules and formulas |
| Topic 2: Business Rules and Data Model | - Data import and export processes - Business rules framework |
| Topic 3: Security and Administration | - Role-based permissions - System administration and troubleshooting |
| Topic 4: Variable Pay Overview | - Integration with SAP SuccessFactors Compensation and Employee Central - Concepts and business purpose of Variable Pay |
| Topic 5: Compensation Planning Process | - Budgeting and planning cycles - Eligibility and assignment of employees - Manager workflow and approvals |
| Topic 6: Reporting and Analytics | - Reporting tools and dashboards - Standard reports in Variable Pay |
1. 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 that uses 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 using Base × Business Performance × Individual Performance. Two bonus plans: one with the weighting 100% individual and the other 50% corporate and 50% individual.
2. 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?
A) Goals that are relevant to the employee's bonus need to be in a separate section in the performance form.
B) Goals that are relevant to the employee's bonus need to be exported from Goal Management and imported into Business Goals.
C) Relevant goal performance is imported into each employee's Assignment History.
D) Goals that are relevant to the employee's bonus need to have a different type, set when creating the goal.
3. In which file do you specify the relationship between bonus plan and business goals?
A) Weights and mappings data file
B) Business goals data file
C) Bonus plan data file
D) Business goal template
4. Your customer, who has offices in the US and Germany, has the following two bonus schemes: Revenue Enabling Bonus. Revenue Generating Bonus. US employees in the Revenue Enabling Bonus scheme are weighted 40% Business Achievement and 60% Personal Achievement, while inGermany, it is 50% for each.
They all have the same business goal: "Corporate Results". US employees in the Revenue Generating Bonus scheme are weighted 35% Business Achievement and 65% Personal Achievement. The only business goal is
"Country Results", where the goal achievement differs between the US and Germany. What is the minimum number of bonus plans required to meet this requirement?
A) 1
B) 3
C) 4
D) 2
5. What feature allows employees to view their individual bonus results even if variable pay forms are still in progress?
A) Compensation profile
B) Bonus assignment letter
C) Bonus forecast
D) Variable Pay individual view
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B |
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