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10 Awards You Should Give Out to Fire Up Your Sales Team

Hubspot Sales

The contest's incentive structure is steep and high-stakes. I would go out on a limb and guess that most sales orgs won't benefit from holding contests where both a new car and everyone's livelihood are on the line. Monetary incentives are probably the most straightforward award you can offer to whip your sales reps into shape.

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Sales Compensation Planning: Everything to Consider in 2019

Xactly

The start of a new year comes with a new sales plan—and that means you must reassess your sales capacity needs , align and balance sales territories , and create a sales incentive plan that drives sales performance. Pay mix—the ratio of base salary to target incentives (aka commission) that your sales reps earn—is an important part of this.

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A Holistic Approach to Compensation Structuring with Scott Barton

Sales Hacker

He’s an expert in the sales world, particularly in revenue operations and incentive compensation. Holistic thinking about compensation, which includes development opportunities, benefits, advancement opportunities, and more. Sales forecasts, territory design, quota management, and incentive compensation. powered by Sounder.

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New year, new goals: A checklist to empower your sales teams to close more deals in 2024

PandaDoc

Now, let’s talk incentives. Incentives, or spiffs, can really boost motivation. But here’s the key – structure your incentives to make your goals more realistic and achievable. This way, your team has a clear, reachable target and an added incentive to exceed it. Sounds good, right?

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Sales Compensation and Quota Options During the COVID-19 Pandemic

Miller Heiman Group

Set Up an Incentive Compensation Relief Committee. The first step is to set up an incentive compensation committee to structure the terms and optics of the relief effort. The committee needs to evaluate which teams, channels and roles, if any, would benefit from compensation adjustments. Our Incentive Compensation Process.

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How to Create a Competitive Sales Compensation Plan

Crunchbase

It should include a base salary, commissions, benefits, bonuses, contest perks and nonfinancial rewards (such as remote work opportunities, paid time off, etc.). Although they can probably set themselves up for the future easily, every person in your sales staff should have a guaranteed future. Is your compensation plan capped?

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When to Give Your Employees a Year-End Bonus (and How Much to Pay)

Xactly

Today, an annual year-end bonus is not a guaranteed offering in all businesses, and often, they are based on merit or performance. But as a manager, you have a few things to consider before doling out incentives. When everyone does their part well, everyone reaps the benefits. Based on Individual Performance or Goals.