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

SAP Term: performance-related remuneration

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A type of remuneration that is generally a percentage of the estimated business amount. The remuneration can also be a fixed amount for, say, each contract signed. From a sales point of view, performance-related remuneration would be the typical bonus payment for acquiring a new customer and/or signing the deal, collecting payments and/or retaining the portfolio business. Examples of performance-related remuneration: Commissions transaction-based remuneration Acquisition commission Consultancy commission Negotiating commission Incentives period-based remuneration Brokerage Bonuses Gratuities

Smart SAP Assistant

• Key Concepts:
  Performance-related remuneration is a type of compensation that is based on an employee's performance. It is a form of incentive-based pay that rewards employees for meeting or exceeding predetermined goals. This type of remuneration is often used in sales and other performance-based roles.
  
  How to use it:
  The ICM Incentive and Commission Management (ICM) module in SAP allows companies to manage their performance-related remuneration programs. It provides a comprehensive set of tools to track and manage employee performance, calculate commissions, and generate reports. The module also allows companies to customize their incentive programs to meet their specific needs.
  
  Tips & Tricks:
  When setting up a performance-related remuneration program, it is important to ensure that the goals are realistic and achievable. It is also important to ensure that the program is fair and equitable for all employees. Additionally, it is important to track employee performance regularly to ensure that the program is working as intended.
  
  Related Information:
  The ICM Incentive and Commission Management (ICM) module in SAP can be used in conjunction with other modules such as SAP Human Capital Management (HCM) and SAP Business Warehouse (BW). Additionally, the module can be integrated with external systems such as customer relationship management (CRM) systems.