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

SAP Term: remuneration procedure

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management This consists of a table of conditions for remuneration and a set of calculation rules. Remuneration is determined for each organizational unit using a basis of assessment, which is transferred from the valuation system, and the remuneration schedule.

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• Key Concepts: 
  Remuneration procedure is a feature of the ICM Incentive and Commission Management (ICM) component of SAP. It is used to define the rules and processes for calculating and distributing remuneration payments to employees or other stakeholders. This includes setting up the criteria for calculating payments, such as performance targets, commission rates, and bonus amounts. 
  
  How to use it: 
  The remuneration procedure is set up in the ICM component of SAP. It is used to define the rules and processes for calculating and distributing remuneration payments. This includes setting up criteria such as performance targets, commission rates, and bonus amounts. The procedure can also be used to define payment methods, such as direct deposit or check. 
  
  Tips & Tricks: 
  When setting up a remuneration procedure in SAP, it is important to ensure that all criteria are clearly defined and that all stakeholders understand the process. It is also important to ensure that all payment methods are set up correctly so that payments are made accurately and on time. 
  
  Related Information: 
  For more information on setting up a remuneration procedure in SAP, please refer to the ICM Incentive and Commission Management (ICM) documentation. Additionally, there are many online resources available that provide detailed instructions on how to set up a remuneration procedure in SAP.