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Variable Pay Program Settings

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.

> 12%

Employee History Data and Background Element

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 the background element; upload Employee history data file and update Employee history data file.

> 12%

Business Goals and Goal Weights

Define business goals and weights, configure varpay goal plan template, and create the business goals and weights files.

> 12%

Bonus Calculation Methods

Define the different bonus calculation methods and Assignment-based rating, explain the difference between additive and multiplicative formulas, and calculate the final payout.

8% – 12%

Eligibility

Describe how variable pay assigns bonus plans to eligible employees, add MDF and Legacy eligibility, and enable compensation eligibility for variable pay program.

8% – 12%

Variable Pay Form

Describe the different form sections; configure label names and visibility; add number format rule; configure column designer and define assignment level custom fields.

8% – 12%

Reports and Reward Statements

Define Bonus payout report, details report, the different validation reports, varpay audit report, and generate reward statement.

8% – 12%

Integration Scenarios

Define scope and different integration projects involving Employee Central; integrate a Variable Pay plan.

8% – 12%

Bonus Plans

Define and create a bonus plan.

< 8%

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