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Component: ICM
Component Name: Incentive and Commission Management (ICM)
Description: Incentive and Commission Management This is defined by the target type and describes the relationship calculation rule used between actual and target value. An elementary target is part of a complex target. The target achievement of an elementary target is determined by means of the elementary valuation. &EXAMPLE& The elementary target of a commission recipient for a certain product group could be to sign contracts for USD 60,000 target achievement in order to qualify for the predetermined bonus.
Key Concepts: Elementary target is a type of target in ICM Incentive and Commission Management (ICM). It is a single, measurable goal that can be used to measure the performance of an individual or team. It is typically used to measure the performance of sales teams, but can also be used to measure other types of performance. How to use it: Elementary targets are set up in ICM and can be used to measure the performance of individuals or teams. They can be set up for any type of performance metric, such as sales, customer satisfaction, or any other metric that can be measured. Once the elementary target is set up, it can be monitored and tracked over time to measure progress towards the goal. Tips & Tricks: When setting up an elementary target, it is important to make sure that the goal is achievable and realistic. It should also be measurable so that progress towards the goal can be tracked over time. Additionally, it is important to ensure that the goal is aligned with the overall objectives of the organization. Related Information: Elementary targets are just one type of target that can be used in ICM Incentive and Commission Management (ICM). Other types of targets include cumulative targets, which are multiple goals that must be achieved in order to reach a certain level of performance; and relative targets, which are goals that must be achieved relative to a certain benchmark or standard.