What is direct remuneration in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: direct remuneration

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A remuneration type that can be directly transferred to a target system which is usually a disbursement system.

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• Key Concepts: 
  Direct remuneration is a type of compensation that is paid directly to an employee or contractor for services rendered. It is a form of incentive-based compensation that is used to reward employees for their performance or contributions to the company. Direct remuneration can be in the form of cash, stock options, bonuses, or other forms of compensation. 
  
  How to use it: 
  In SAP ICM Incentive and Commission Management (ICM), direct remuneration is used to reward employees for their performance or contributions to the company. The system allows companies to set up and manage incentive plans, such as bonus plans, stock options, and other forms of direct remuneration. The system also allows companies to track and monitor employee performance and progress towards goals. 
  
  Tips & Tricks: 
  When setting up an incentive plan in SAP ICM Incentive and Commission Management (ICM), it is important to consider the goals of the plan and how it will be structured. It is also important to consider how the plan will be monitored and tracked over time. Additionally, it is important to ensure that the plan is fair and equitable for all employees involved. 
  
  Related Information: 
  SAP ICM Incentive and Commission Management (ICM) provides a comprehensive solution for managing incentive plans and tracking employee performance. Additionally, SAP provides a range of other solutions for managing employee compensation, such as SAP Payroll and SAP Human Capital Management (HCM).