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| Topic Areas | Topic Details, Courses, Books |
|---|---|
| Employee History Data and Background Element > 12% | Configure Variable Pay background element and Employee History data file; define the relationship between the background element and employee history data file, as well as the importance of assignment dates; create basis using custom formula and add field to theĀ background element; upload Employee history data file and update Employee history data file.
|
| Reports and Reward Statements 8% - 12% | Define Bonus payout report, details report, the different validation reports, varpay audit report, and generate reward statement.
|
| Bonus Calculation Methods 8% - 12% | Define the different bonus calculation methods and Assignment-based rating, explain the difference between additive and multiplicative formulas, and calculate the final payout.
|
| Business Goals and Goal Weights > 12% | Define business goals and weights, configure varpay goal plan template, and create the business goals and weights files.
|
| Eligibility 8% - 12% | Describe how variable pay assigns bonus plans to eligible employees, add MDF and Legacy eligibility, and enable compensation eligibility for variable pay program.
|
| Variable Pay Form 8% - 12% | Describe the different form sections; configure label names and visibility; add number format rule; configure column designer and define assignment level custom fields.
|
| Bonus Plans < 8% | Define and create a bonus plan.
|
| Variable Pay Program Settings > 12% | Describe the supported hierarchy methods, goal gates and accelerators, flexible payout curve, how proration works, and implication of decentralized administration to variable pay; create guidelines and budget; enumerate reasons for multiple variable pay programs and for multiple bonus plans.
|
| Integration Scenarios 8% - 12% | Define scope and different integration projects involving Employee Central; integrate a Variable Pay plan.
|
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