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How to be Indispensable as an Incentive Compensation Manager

The Spiff Blog

As an incentive compensation manager, you hold a critical role that keeps your organization running. In today’s article, we’ll explain how you can make your efforts stand out and earn you deserved recognition as an indispensable asset to your organization. What does an incentive compensation manager do?

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Using Salesforce to Track Sales Commission: The Pros & Cons

The Spiff Blog

Why share this story at the beginning of an article about using Salesforce to calculate sales commission? The invention of spreadsheets was a huge step toward commission automation. A few years ago, the current state of the art commission solution was to use Salesforce + Excel. Salesforce was the next.

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Selecting the Best SAP SuccessFactors Solution For You: Incentive Management vs. Compensation Module

Canidium

Most solution comparison articles compare software from two different companies. In this case, we're comparing two SAP solutions: SuccessFactors Compensation Module and SAP SuccessFactors Incentive Management (previously SAP Commissions). In this article, we have compared these two solutions to share our expertise.

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3 Keys to Building an Effective Commission Plan

The Spiff Blog

One wrong commission payment. This article will show you how the right commission plan execution can retain your employees, reduce customer churn and increase trust between internal teams. . Making adjustments to commission plans as you grow is not only smart, it’s crucial. Prioritize a positive sales culture.

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8 Things to Review Before Accepting a Sales Commission Plan

Sales Hacker

get paid commissions at 8%. get paid at 12% commissions. Complexity aside, a lot of reps have had at least one experience wherein their overall commissions didn’t match with all related criteria promised as part of the plan. You’re usually given guaranteed draws so that you get paid the incentive. hit your numbers ?

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ASC 606 Compliance: Choosing a Commission Expensing Solution

The Spiff Blog

Gone are the days when commission, bonuses, and incentive pay were accounted for as direct expenses. With all the complexities in ASC 606, your commission expensing process is more critical than ever. Here’s what you can expect: The Four Types of Commission Expensing Solutions: DIY Commission Expensing.

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Compensation Transformation: 7 Tips for 2024 Sales Comp Planning

The Spiff Blog

For example, paying a high commission rate on a product that drives less profit than your other offerings might contradict an efficiency-first strategy. Recommended reading : How to Develop a Winning Sales Compensation Philosophy Compensation Transformation Tip #3: Personalize your sales incentive programs. The list goes on.