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

SAP Term: remuneration group

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Different characteristics apply to the remuneration type, and can be stored in Customizing tables by the company. Remuneration groups are derived from these tables and are used to determine the remuneration schedule. Typical criteria for a remuneration group in insurance are: Distribution channel Commission contract type Participant role Commission activity type Commission activity group Line of business

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• Key Concepts: 
  Remuneration Group is a feature of ICM Incentive and Commission Management (ICM) that allows users to define and manage different types of remuneration plans. It enables users to create different groups of remuneration plans, such as sales commission plans, bonus plans, and incentive plans. The remuneration group also allows users to assign different levels of remuneration to different employees or groups of employees.
  
  How to use it: 
  To use the Remuneration Group feature, users must first create a new remuneration group. This can be done by selecting the “Create Remuneration Group” option from the ICM menu. Once the group is created, users can then assign different levels of remuneration to different employees or groups of employees. This can be done by selecting the “Assign Remuneration” option from the ICM menu.
  
  Tips & Tricks: 
  When creating a new remuneration group, it is important to consider the different types of remuneration that will be offered. This will help ensure that the right level of remuneration is assigned to each employee or group of employees. Additionally, it is important to keep track of any changes made to the remuneration group, as this will help ensure that all employees are receiving the correct level of remuneration.
  
  Related Information: 
  For more information on how to use the Remuneration Group feature in ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.