SuccessFactors Variable Pay 1H/2023 Demo Questions

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SuccessFactors Variable Pay 1H/2023 Sample Questions:

1. What does a point-in-time calculation mean? Please choose the correct answer.
A. Employee assignment will not be pro-rated
B. Target amount is based on effective date of each assignment
C. Target amount is based on a fixed date
D. Goal payout will not be pro-rated

2. To create a bonus plan, which fields of the Bonus Plan file are required? There are 2 correct answers to this question.
A. BONUSPLAN
B. ELIGIBILITY_RULE
C. BUSINESS_GOALS_NAME
D. BUSINESS_GOALS_ORDER

3. This compensation hierarchy designates all managers to be compensation planners. Please choose the correct answer
A. Rollup Hierarchy
B. Standard Suite Hierarchy
C. Second Manager Hierarchy

4. How can you use one reward statement to display incentive data from multiple variable pay plans? Please choose the correct answer.
A. This is currently not supported
B. This will require custom reward statement, and need to contact Customer Success
C. Use a Combine Statement template to add multiple plans
D. Use one Statement template and create multiple Variable Pay reward statements

5. Why would you need to use multiple bonus plans? There are 3 correct answers to this question.
A. Different Bonus plan caps
B. Different Business Goals weights
C. Different set of business goals
D. Different Bonus eligibility rules
E. Different Bonus Achievement calculations

6. Your customer uses role-based permissions. The Variable pay administrator imports the Employee History Data which contains the assignment history for all employees Which data is uploaded?
A. Data for all employees, when the option "Delete all existing records prior to importing new data" is checked.
B. Data for employees who are in the admin's Target population.
C. Data for employees who are in the admin's Dynamic group
D. Data for all employees, when the option "Import file contains assignment history for all employees" is checked

7. How is rounding determined in SAP SuccessFactors Variable Pay? Please choose the correct answer.
A. Money is always rounded to nearest dollar
B. Each variable pay field is assigned a number format
C. You can only assign one number format for money
D. Number Format is based on Planner's personal settings

8. Why would you use the background element for variable pay? Please choose the correct answer
A. To define the fields for bonus plan file
B. To define the fields of variable pay portlet in employee profile
C. To define the fields for business goals file
D. To define the fields for employee history data file

9. Your customer uses the non-assignment based rating (non-ABR) template. Which sections are used to add assignment-level custom fields?
A. Team section
B. Individual section
C. Business section
D. Employee history data section
E. Entry level section

10. Which report definition types are available for variable pay when creating ad hoc reports? There are 2 correct answers to this question.
A. Aggregate export
B. Business goal details
C. Individual goals
D. Bonus detail

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SuccessFactors Variable Pay 1H/2023 Demo Questions

SuccessFactors Variable Pay 1H/2023 Sample Questions:

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