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

SAP Term: remuneration type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management A means of differentiating between the way in which remuneration is calculated. Remuneration types define the methods and parameters for calculating remuneration. Different remuneration types are defined for performance-related remuneration, flat rates and guarantees. &EXAMPLE& Acquisition commission on signing a contract Commission for portfolio business support for customer service Commission for support for support of employees with specialist expertise or employee management

Smart SAP Assistant

• Key Concepts: 
  Remuneration type is a term used in SAP ICM Incentive and Commission Management. It is a type of payment that is used to reward employees for their performance or to incentivize them to reach certain goals. It can be a fixed amount, a percentage of sales, or a combination of both. 
  
  How to use it: 
  In SAP ICM, remuneration types are used to define the payment structure for employees. This includes setting the amount of the payment, the frequency of payments, and any conditions that must be met in order for the payment to be made. The remuneration type can also be used to track performance and calculate commissions. 
  
  Tips & Tricks: 
  When setting up remuneration types in SAP ICM, it is important to consider the goals of the organization and the needs of the employees. It is also important to ensure that all conditions are clearly defined so that there is no confusion when payments are made. 
  
  Related Information: 
  SAP ICM also includes other features such as performance tracking, goal setting, and reporting. These features can be used in conjunction with remuneration types to ensure that employees are rewarded for their performance and incentivized to reach their goals.