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

remuneration criterion - Overview

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Characteristics that control remuneration.

remuneration criterion - Details

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  Key Concepts: 
  Remuneration criterion is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to define the criteria for calculating remuneration. This includes setting up rules for calculating commission, bonus, and other forms of compensation. It also allows users to define the criteria for determining eligibility for certain types of remuneration. 
  
  How to use it: 
  To use the remuneration criterion feature in SAP ICM, users must first define the criteria for calculating remuneration. This includes setting up rules for calculating commission, bonus, and other forms of compensation. Once the criteria have been defined, users can then assign them to specific employees or groups of employees. This will ensure that the correct amount of remuneration is calculated for each employee or group. 
  
  Tips & Tricks: 
  When setting up the remuneration criterion in SAP ICM, it is important to ensure that all criteria are clearly defined and easy to understand. This will help ensure that the correct amount of remuneration is calculated for each employee or group. Additionally, it is important to regularly review and update the criteria as needed to ensure accuracy. 
  
  Related Information: 
  SAP ICM also offers other features such as performance management, budgeting, and reporting capabilities. These features can be used in conjunction with the remuneration criterion feature to provide a comprehensive solution for managing employee compensation.