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

SAP Term: remuneration indicator

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Controls whether the value determined as part of the remuneration calculation is: Disbursed directly direct remuneration Used as a basis for other remuneration indirect remuneration, or Used for other purposes such as statistics statistical remuneration &EXAMPLE& Direct remuneration: Monetary, transaction-based bonuses calculated on the basis of bonus points Indirect remuneration: Bonus points Statistical remuneration: Points for performance measurement

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• Key Concepts: 
  Remuneration indicator is a feature of SAP ICM Incentive and Commission Management (ICM) that allows users to define and manage the remuneration of sales personnel. It enables users to set up different types of remuneration plans, such as commission-based, bonus-based, or salary-based plans. The remuneration indicator also allows users to track and monitor the performance of sales personnel in order to ensure that they are meeting their goals.
  
  How to use it: 
  In order to use the remuneration indicator, users must first define the type of remuneration plan they wish to use. This can be done by selecting the appropriate plan from the list of available plans in SAP ICM. Once the plan has been selected, users can then configure the parameters of the plan, such as the commission rate or bonus amount. Finally, users can assign the plan to specific sales personnel and track their performance over time.
  
  Tips & Tricks: 
  When setting up a remuneration plan, it is important to consider the goals of the organization and how they align with the goals of the sales personnel. Additionally, it is important to ensure that all parameters of the plan are clearly defined so that there is no confusion about how it works. Finally, it is important to regularly review and adjust the plan as needed in order to ensure that it remains effective.
  
  Related Information: 
  SAP ICM also provides other features that can be used in conjunction with the remuneration indicator, such as performance tracking and reporting tools. Additionally, SAP provides a variety of resources and support services for users who need help setting up or managing their remuneration plans.