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

SAP Term: remuneration amount

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management The amount of remuneration to which a commission contract partner is entitled in the currency specified in the commission contract.

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• Key Concepts: 
  Remuneration amount is a term used in SAP ICM Incentive and Commission Management (ICM). It is the total amount of money that an employee or salesperson receives for their work. This includes any bonuses, commissions, or other forms of compensation. 
  
  How to use it: 
  In SAP ICM, the remuneration amount is used to calculate the total amount of money that an employee or salesperson will receive for their work. This includes any bonuses, commissions, or other forms of compensation. The remuneration amount can be adjusted based on performance or other criteria. 
  
  Tips & Tricks: 
  When setting up the remuneration amount in SAP ICM, it is important to consider the performance of the employee or salesperson and any other criteria that may affect their compensation. This will ensure that the remuneration amount is fair and accurate. 
  
  Related Information: 
  SAP ICM also allows for the calculation of commission rates and bonus amounts based on the remuneration amount. This can be used to ensure that employees and salespeople are compensated fairly for their work. Additionally, SAP ICM provides reporting capabilities to track and analyze remuneration amounts over time.