article thumbnail

Negotiating a Deal In Crunch Time

Sales and Marketing Management

Author: Andres Lares When Joe Mauer’s contract neared its expiration in 2010, the all-star’s agent sat with him and shared how his research revealed he could secure a contract of approximately $300 million over 10 years in the free agent market. For example, maybe the offer on the table is not one of your standard packages.

article thumbnail

How to Use Clawback Clauses in Your Sales Comp Strategy

The Spiff Blog

In fact, research shows that between 2005 and 2010, the percentage of Fortune 500 companies who use clawbacks rose from fewer than 3% to a whopping 82% ( source ). While less straightforward than the previous example, this process is popular among businesses who use a tiered commission structure , as it aims to prevent over-attainment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Pipeline ? The REAL Problem with Sales Training

The Pipeline

December 2010. November 2010. October 2010. September 2010. August 2010. April 2010. March 2010. February 2010. January 2010. August 2011. April 2011. March 2011. February 2011. January 2011. December 2009. November 2009. October 2009. September 2009. August 2009.

Pipeline 230
article thumbnail

The Sales Leader's Guide to Performance Management

Hubspot Sales

years , down by half from 2010. For example, if a sales rep earns a 15% commission for each deal they close, and are projected to close $100,000 in sales for the quarter, then your finance team will anticipate an allocation of $15,000 in commission payroll for that rep. Provide examples to reinforce the behavior.

SAP 124
article thumbnail

Will You Ever Pay Full Price Again? ? Score More Sales

Score More Sales

by Lori Richardson on October 7, 2010. I wonder about those retailers and restaurants who are still advertising in newspapers and on cable TV in ads with a small incentive – 20% off of a product or service. example: tid = 123. Example: prod = prod1|prod2. Example: cat = cat1|cat2. Consulting. Hello Lori.

Lead Rank 120
article thumbnail

The Strategic Account Manager – How do you Compensate This Critical Role?

OpenSymmetry

We also took a look at pay mix, which splits TTCC into two components: base salary and target incentive amount. Pay mix is expressed as a percentage split, with the first number representing the base salary and second number representing target incentive amount. Copyright 2010. Footnotes: David J. appeared first on OS Blog.

article thumbnail

A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics. For example, Corporate Integrity Agreements (CIAs) were implemented by the DoJ as a way to curtail off-label drug promotion which forced companies to ensure their sales incentives encouraged proper compliance.