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5 Key Pillars of Effective Sales Performance Management

The Spiff Blog

These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement. Incentive alignment : Shared goals enable the design of incentive structures that motivate sales reps while aligning with the broader success of the organization.

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4 Tips for Selling to the Social Savvy Buyer

Zoominfo

69% of sales professionals are self-taught and have no active social selling training program in place ( source ). 30% of companies say their social selling training needs ‘a complete overhaul’ ( source ). TechnologyAdvice: Allows users to perform side-by-side comparisons of solutions within a particular category.

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2 Ways to Turbocharge Your Sales Strategy

SBI Growth

If you formalize them into your sales process, training and measurement, revenue will grow. The other, by comparison, is very new. The two elements to formalize into your sales process, training and measurement are: Referral Sales. Reps aren’t trained to these activities and very few track success. Social Selling.

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Are Women in Sales Less Trainable?

Understanding the Sales Force

When either of those elements is found to be lacking, the salesperson will not have enough incentive to change. TALENT AMONG IMPOSTERS - The salespeople in question managed to achieve top performance, despite their commitment/desire issues, because they possessed much better skills in comparison to the other salespeople.

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Culture vs. Quota: How the ‘Great Resignation’ is Changing Sales

Zoominfo

Data from Indeed, the recruitment platform, indicates that between July 2020 and July 2021, searches for vacancies advertising such incentives increased by 134 percent. These data points were then contextualized in comparison to levels of base compensation to determine their overall impact. and 4.5 %, respectively.

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The True Cost Of Sales Rep Turnover

Sell Integrity

Hiring, training and severance and bonus packages all figure into the hard-dollar costs. firms spend $15 billion a year training salespeople and another $800 billion on incentives. Conventional wisdom says it will cost a company about 1.5 times the exiting employee’s annual salary to hire a replacement.

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Drinking Our Own Champagne: How Xactly Insights Data Improves Sales Performance Analysis

Xactly

Despite the fact that we live and breathe incentive comp, we are not immune to the factors that affect every sales organization. In a world so focused on incentive compensation, Xactly Insights gives us a lot to think about. Are we creating competitive enough comp plans to attract and retain the right reps?