The Spiff Blog

OCTOBER 6, 2022

That’s all it takes for a sales rep to jump ship and take their skills elsewhere. 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.

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Crunchbase

JUNE 17, 2022

The author is an expert in their field and we are honored to feature and promote their contribution on the Crunchbase blog. Your sales team drives your company’s revenue with its lead generation efforts. However, sales teams tend to have high turnover rates ( 34% on average ). 4 things to include in a sales compensation plan.

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The Spiff Blog

MAY 26, 2022

So, you’ve realized commission spreadsheets are actually evil, and that sales incentive software will vastly improve transparency, efficiency, and your personal sanity. There’s no shortage of sales commission software on the market, and when you factor in the massive operational differences, it’s a recipe for information overload.

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The Spiff Blog

JULY 20, 2023

Most organizations recognize that their sales commission process isn’t perfect. Managing compensation is a complex undertaking, one in which the smallest error can create a domino effect of administrative labor and protracted troubleshooting. You focus on tedious but incredibly detail-oriented manual tasks.

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The Spiff Blog

JUNE 1, 2023

Organizations must be strategic when designing sales compensation plans. The goal is to strike a careful balance between incentivizing sales performance and protecting the company against financial crisis. A sales clawback clause is more than just a financial insurance policy for an organization. Keep reading!

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The Spiff Blog

JANUARY 9, 2024

What does this mean for sales teams? If you’re responsible for reaching demanding sales targets, you must be more dynamic and strategic in 2024. In today’s blog post, we’ll cover some key tactics that will position both you and your team for success this year. For one, insufficient training won’t create effective salespeople.

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The Spiff Blog

JANUARY 26, 2023

Just as Olympic athletes train to reach peak performance, so do sales teams. But, just as there are less obvious factors that contribute to an athlete’s performance, there are less obvious factors that contribute to a sales team’s performance as well. Today, we present to you, our latest infographic: Going for Gold in Sales.

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The Spiff Blog

JUNE 29, 2023

Managing sales compensation is both a highly complex and highly consequential responsibility. The design and execution of a sales compensation program directly influences the performance and morale of a sales organization, as well as the overall financial success of a company at large.

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The Spiff Blog

MAY 19, 2022

Sales Development Reps– or SDRs– are a crucial part of any business. To put it bluntly, how you compensate your SDRs can make or break the success of your sales organization. What’s the best structure for an SDR commission plan? Let’s jump into it! Determine SDR On-Target-Earnings to Get Started.

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The Spiff Blog

MAY 18, 2023

For decades, perhaps longer, organizations of all sizes have struggled to effectively manage sales commission. In today’s blog post, we’re going to get to the bottom of this phenomenon and answer the following questions: Why has sales commission been such a persistent problem?

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The Spiff Blog

JUNE 16, 2022

Comp plan design can feel like mental gymnastics. Not only do you have to build the actual commission plans , but you also have to communicate how it all works in a way that motivates your reps to close more deals. The issue is, actual design is rarely a part of the commission planning process. Let’s dive in!

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The Spiff Blog

AUGUST 4, 2022

The quick fixes and long term solutions you need to fix your broken sales compensation processes. If you’ve worked in RevOps or Finance for any amount of time, you already know traditional sales compensation processes are broken. Most companies get sales compensation wrong. There’s no need to mince words.

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The Spiff Blog

NOVEMBER 17, 2022

As another year comes to a close, go-to-market teams everywhere convene to begin their annual sales compensation planning processes. Key stakeholders from sales, finance, and RevOps will join meetings and analyze data in an attempt to create a sales compensation plan that satisfies each party’s needs.

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The Spiff Blog

SEPTEMBER 14, 2023

If you’re a finance leader or sales compensation manager , the potential impact of implementing AI is particularly enticing. Take commission plan creation, for example. It’s no exaggeration to say the rise of artificial intelligence is the defining technological trend of our era.

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The Spiff Blog

MARCH 21, 2023

VisiCalc, original ‘killer app’ of the information age, forever changed how people use computers in business.” Why share this story at the beginning of an article about using Salesforce to calculate sales commission? That’s how most organizations were processing commission payments. Salesforce was the next.

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The Spiff Blog

SEPTEMBER 5, 2023

When your job is to design sales compensation plans , it’s easy to feel like you’re stuck in a maze of uncertainties. You can analyze the data, collaborate with key stakeholders, and create plans that align with business goals and still be left questioning what outcomes your plans will produce.

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The Spiff Blog

DECEMBER 8, 2022

The variable component of success between great historic leaders and sales managers is exactly the same, and that variable is motivation. The variable component of success between great historic leaders and sales managers is exactly the same, and that variable is motivation. Switching the Context of Success. The list goes on and on.

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Crunchbase

JANUARY 13, 2022

We are honored to feature and promote their contribution on the Crunchbase blog. The business of sales is as nuanced as sales industries, salespeople and buyers themselves, with some industries requiring in-person selling with plenty of touchpoints and follow-ups. The same goes for the health of your sales department.

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The Spiff Blog

AUGUST 22, 2023

After all, RevOps teams play an active role in supporting every function that drives revenue growth, from sales to marketing to finance to customer success. Whether you’re feeling that pressure right now, or simply want to prepare for future down swings, today’s blog post is for you. Agile technology. Efficient communication channels.

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CloserIQ

JULY 20, 2020

Your ability in retaining b2b salespeople hugely impacts the success of your sales teams. Many of your top-performing sales reps are being actively recruited by other companies. According to a Glassdoor survey , 68% of sales professionals plan to look for a new job within the next year.

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The Spiff Blog

AUGUST 11, 2022

Sales commission plans constantly change to reflect shifting business priorities, unstable market conditions, new product releases, and more. With these changes, businesses typically provide reps with something called a change of commission letter– or, sales commission agreement letters. Commission plan.

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The Spiff Blog

JANUARY 12, 2022

Compensation strategy is a core factor that plays a role in any business’s ability to be successful. Often, when “bigger” issues arise, we tuck our compensation strategy away in the back of our minds and promise to revisit the topic when we have the time. Applying this Model to Your Sales Compensation Strategy.

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The Spiff Blog

JUNE 2, 2022

Today we’re giving you five steps to take now to create a recession-proof sales organization in the future. Step 1: Evaluate your sales tech stack. Even in the best of times, it’s best practice to keep tabs on the ROI you’re seeing from each and every sales solution you invest in.

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Partners in Excellence

JULY 14, 2022

Traditionally, we have comp plans where commissions are paid for getting the order, generating revenue. We get compensated based on doing the complete job. But it’s interesting, increasingly, I’m seeing “a la carte” comp plans. As a salesperson on this plan, I would provoke as many objections as I could.

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Xactly

APRIL 9, 2018

Building a successful sales compensation plan carries an incredible amount of responsibility for compensation planning teams. Those tasked with creating a plan must develop a process and incentive plan that will motivate and encourage the right sales behaviors to achieve goals, all while driving growth.

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The Spiff Blog

MAY 31, 2022

Convincing your boss to sign off on more resources for sales comp can feel like an uphill battle. After all, does your organization really need to sink even more money into sales compensation ? So how do you secure more budget when there doesn’t seem to be enough to go around? The short answer is, yes. Let’s jump into it!

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Xactly

JANUARY 17, 2019

A strategic sales plan is a portfolio of ideas, processes, and technology that guides a sales organization’s strategy and provides the resources and tactics for reaching sales goals. With goals in hand, sales leadership must then assess and determine the needs and means to achieve those goals. Compensation plans.

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The Spiff Blog

AUGUST 25, 2022

Although all professions require a certain balance of skill and motivation, sales in particular relies more heavily on motivation than others. The reason for this is simple, sales is a numbers game. When a sales rep doesn’t have the necessary selling skills, leaders have options. Let’s jump into it.

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Xactly

MAY 21, 2018

There’s one role in sales that seems to face all of the sales compensation issues that keep the compensation plan design team awake at night–the business development rep (BDR). This makes designing compensation plans for these reps more difficult for sales operations teams. Highly-Skilled Reps.

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The Spiff Blog

JANUARY 12, 2023

More than a quarter of these CEOs said they have already begun layoffs or plan to do so within the next 12 months ( source ). So, today, we explore five ways to double down on Seller Experience to save money, bring in more revenue, and ultimately create an environment where sales professionals can thrive– even in the face of hardship.

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The Spiff Blog

NOVEMBER 10, 2022

The sales commission process plays an important role in motivating sales teams and therefore drives top line revenue growth— arguably the most important metric organizations track. There are many benefits to implementing sales commission software, but we’re going to focus on the four most important.

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Emissary

SEPTEMBER 27, 2021

Do your clients frequently wait until right before a planned session and ask for a reschedule? Do your clients frequently wait until right before a planned session and ask for a reschedule? Use account plans to align QBRs to meaningful milestones. And they were difficult to pull off. Be sure to message the meeting.

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Xactly

JANUARY 2, 2019

The sales planning process can become quite complex, especially when it comes to designing sales compensation plans. Ultimately, the new compensation and incentive plans must successfully motivate the right sales behaviors to achieve goals, all while driving growth. Who: Robert Walters.

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The Spiff Blog

APRIL 11, 2023

If you’ve spent any time in sales, chances are you’ve witnessed gender bias and discrimination in action– even if you weren’t aware of it at the time. That’s why, as part of our ongoing Sell Like a Girl series, we’ve delved deep into the topic of gender bias in male-dominated industries like sales.

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The Spiff Blog

SEPTEMBER 22, 2022

With a new year around the corner, it’s time to start thinking about your sales compensation plans for 2023. A volatile market and economic downturn make it tough to effectively plan— tough, but not impossible. Any changes you should make to comp plans should be thoughtful, not reactionary. Let’s dive right in!

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Xactly

JUNE 27, 2018

Sales compensation plan can be a complex process. Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. Time in sales compensation: 4 years.

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The Spiff Blog

JULY 14, 2022

How many co-workers know your salary? Nearly half of full-time workers in the United States report their employers discourage or ban discussing compensation ( source )— in spite of formal pay secrecy policies being illegal in the private sector for almost a century. Chances are, zero. The dangers of pay secrecy.

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