Xactly

AUGUST 1, 2018

Sales compensation is an important part of a successful company. A strong incentive plan drives sales behaviors that help companies grow and achieve their goals. As a sales operations and compensation professional, compiling a team and analyzing metrics to create a compensation plan carries an incredible amount of responsibility.

Compensation 40

Compensation Incentives Incentive Commission 40

Chorus.ai

OCTOBER 20, 2020

Having an attractive sales compensation plan is essential not only when adding sales talent to your team but also when retaining your top performers and fortifying your bottom line. Creating the perfect incentive compensation package for your team is no simple feat. Ensure compensation is aligned with sale roles.

Compensation 50

Compensation Salary Commission Incentives 50

The Spiff Blog

SEPTEMBER 7, 2023

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.

Incentives 83

Incentives Incentive Scale Compensation 83

Xactly

MAY 24, 2018

Sales compensation is one of the most costly investments enterprises make every year. From our years in the compensation space, we’ve found that 45% of compensation plans actually drive the wrong sales behaviors. In other words, 45% of the time, compensation plans are leading to missed selling opportunities.

Compensation 51

Compensation Enterprise Enterprise Webinar Metrics 51

Chorus.ai

AUGUST 15, 2019

Having an attractive sales compensation plan is essential — not only when adding talent into your team — but also when retaining it. The Basics of Your Sales Compensation Plan. We can’t get into the details of a sales compensation model before we’ve covered the basics. The Basics of Your Sales Compensation Plan.

Compensation 48

Compensation Salary Commission Incentives 48

OpenSymmetry

AUGUST 3, 2016

The Strategic Account Manager is included in this group and is amongst the most difficult roles to compensate in sales organizations. So, how do you compensate this key role? We completed a sales compensation plan audit for a telecommunications company last year. The organization broke my top rule to keep it simple.

Compensation 40

Compensation Account Incentives Incentive 40

The Spiff Blog

JUNE 1, 2023

Organizations must be strategic when designing sales compensation plans. These competing priorities lead many organizations to implement one of the most consequential– and sometimes controversial– provisions you’ll find in a compensation plan: the clawback clause.

Commission 77

Commission Compensation Cancellation Strategy 77

Sales and Marketing Management

JANUARY 27, 2019

In particular, high-growth companies do seven things to create a great sales management engine that drives sustainable, long-term growth. Create incentives that drive the right behaviors. Too often, the compensation plan of sales managers does not align with the behaviors that the company would like to reinforce.

Sales Management 166

Sales Management Hiring Compensation Incentives 166

The Spiff Blog

MAY 18, 2023

Despite significant innovation in the worlds of compensation management and financial modeling, sales commission remains one of the most difficult processes to solve for in modern business. Then, you also have commissioned employees who sit outside of the sales team– sales engineers, account management, support, service roles, and more.

Commission 73

Commission Scale Compensation Hiring 73

Partners in Excellence

JULY 26, 2016

” I hesitated for a moment discussing this topic–sales compensation plans. I can barely scratch the surface on this topic, sales people, sales executives, and non sales executives invovled in compensation are likely to be unhappy. Sales people are pummelled with SPiFs, incentives, contests.

Compensation 48

Compensation Sales Leadership Commission System 48

The Spiff Blog

JUNE 6, 2023

Paul Cataldi, Solutions Engineer Paul grew up near Detroit, Michigan and moved to Chicago after graduating from Notre Dame. Facundo Flores Lavalle, Solutions Engineer Facu is from Buenos Aires, Argentina. Florencia Miguez Oliverio, Solutions Engineer Florencia is located in Buenos Aires, Argentina.

Meeting 67

Meeting Travel Engineering Hiring 67

Xactly

SEPTEMBER 5, 2018

Download our "Guide to Sales Team Compensation" to learn how to compensate each sales role. In reward for meeting that goal, the rep might be compensated $3,000, or maybe even $1,500 for completing the first half, and $1,500 for the second. Engineering. Or, build a plan in minutes with our ready-to-use templates.

Examples 78

Examples Compensation Incentives Incentive 78

OpenSymmetry

MARCH 25, 2015

Sales Performance Management (SPM) has truly evolved over the last 10+ years from the days of having an on-premise solution that primarily automated the compensation calculation process with basic reporting, to a new dynamic frontier with extended capabilities. Mark Ryberg is the Senior Director of Strategy Solutions at OpenSymmetry.

Compensation 40

Compensation Cost Per Thousand Territories Forecasting 40

Mereo

FEBRUARY 11, 2021

But another disharmonious reality has yet to be addressed: When salespeople receive disproportionate compensation in comparison to the value they deliver to buyers. To encourage buyer/seller harmony, sellers must be compensated fairly based on the value they create for and deliver to buyers. It can also mean they are receiving less.

Buyer 50

Buyer Compensation Comparison Incentives 50

The Spiff Blog

JULY 21, 2022

A vendor with a legacy solution that’s extensively customized for each customer— and requires external engineering support to maintain— will operate very differently than a vendor providing a low-code/no-code platform specifically designed for teams to self-manage. You’re in luck! Consult with a Vendor’s Customer Base.

Software 76

Software Software B2B Vendor 76

The Spiff Blog

JANUARY 12, 2023

Let’s address something that, although obvious, often goes unstated during conversations about sales compensation. Something else to consider: A shocking 89% of sales turnover is caused by deficient or unclear compensation ( source ). How to Motivate Sales Managers with Compensation Strategy.

Compensation 67

Compensation Hiring Commission Face-to-face 67

No More Cold Calling

SEPTEMBER 21, 2017

She’d been there … as a customer of incentive compensation and a lover of performance management. Ellen is an engineer turned vice president of channel sales. Like Sue, Amy didn’t come from a technical background. But she brought a unique capability to technology sales: domain expertise as an end user.

Cold Calling 266

Cold Calling Loyalty Account Intent 266

The Spiff Blog

MARCH 17, 2022

Marcello Albuquerque, Software Engineer. Bobby Bartlett, Technical Support Engineer. Erli Ametaj, Technical Support Engineer. These two developments eventually merged into his current role as a Technical Support Engineer. Benjamin Naugle, Software Engineer. Machine Learning Engineer. suburbs of Maryland.

Meeting 62

Meeting Engineering PeopleSoft Travel 62

The Spiff Blog

MARCH 2, 2023

Tomas Carchio, Solutions Engineer Tomas is 28 years old and has lived his entire life in Buenos Aires, Argentina. With a background as a software engineer and a career in customer success, she is excited for her future at Spiff as a Technical Customer Success Manager. Professionally, Sherill has a passion for tech and helping people.

Meeting 75

Meeting Engineering Travel Face-to-face 75

The Spiff Blog

MAY 5, 2022

Dan Vasilevsky, Sales Engineer. Fast forwarding a few years and that inspiration helped him achieve a degree in Computer Engineering from the University of New Hampshire in 2019. Knowing he had a knack for learning new things and meeting new people, sales engineering seemed like the right next step. George several years ago.

Meeting 81

Meeting Travel Engineering Hiring 81

The Spiff Blog

SEPTEMBER 16, 2022

Connor Shlatz, Front-End Software Engineer. John Arsenault, Sales Engineer. Sarah Alaguretnam, Security Operations Engineer. After four years in the HR world focusing on benefits, compensation, equity, and retirement she wanted to finally take a chance and join the world of sales. Brandyn Bennet, Software Engineer.

Meeting 75

Meeting Top of Funnel Travel Engineering 75

OpenSymmetry

AUGUST 24, 2017

We’ll examine the action items to consider to ensure you aren’t caught off guard if your internal accounting teams require more detailed compensation-related data from your team to remain compliant to these new revenue recognition rules. Amortization Calculation Engine – what’s the link between accounting and ICM?

Commission 51

Commission Webinar Metrics Compensation NetSuite 51

The Spiff Blog

FEBRUARY 24, 2022

But, unless real transparency, visibility, and clarity are intentionally baked into every function of your revenue engine, your sales team is essentially operating in a black box. Sales leaders are continually grappling with compensation. Leaders pay a lot of lip service to being data-driven. Motivation takes a hit.

Commission 56

Commission Compensation How To Data 56

Sales Hacker

MARCH 30, 2021

Sam Jacobs: I’m always interested in how incentives drive behavior. Neil Ringers: We’re all in a SaaS-based world, at least from a technology perspective, so I think from an incentive perspective, you need to keep it as easy as possible. Make the base incentives simple (6-8%), then when over quota, simply raise them 10-12%.

Oracle 102

Oracle Scale SalesForce Incentives 102

Mereo

APRIL 2, 2020

Yet with a well-oiled revenue engine, any challenges you come up against will be mitigated or side-stepped altogether. Incentives Salespeople Are Willing to Leave Behind. While incentives are not everything in ensuring your talented salesforce remains with your selling organization, they are, arguably, the major factor.

Sales Operations 45

Sales Operations Revenue Territories Compensation 45

The Spiff Blog

JANUARY 25, 2022

Every CRO finds themselves thinking this about their original revenue engine at some point— usually after a period of growth. With the right approach, you can turn a cumbersome revenue engine into a well-oiled machine. It’s not me. It’s you. . It makes sense— in the early days, your team had to be lean.

Hiring 52

Hiring Scale Top of Funnel Funnel 52

Tenbound

JANUARY 3, 2024

LinkedIn Groups and Quora) Language: leverage the generation of key terms used in search engine optimization and search engine marketing. Compensating SDRs on midfunnel results rather than top-of-funnel activity empowers them to do what is right for prospects and for the company.” Planning: (For whom?; To do what?

Prospecting 49

Prospecting Outsourcing Services Top of Funnel Sales Qualified Lead 49

The Spiff Blog

JANUARY 27, 2022

Nikki Peck, Software Engineer. Dan Filler, Software Engineer. After high school, Dan attended Ohio State University, originally for Aerospace Engineering (chosen because it had the coolest name) but he quickly switched to Computer Science Engineering. Owen Parker, Solutions Engineer.

Meeting 52

Meeting Travel Engineering Social Media 52

The Spiff Blog

JULY 28, 2022

Vincent Cifelli, Solutions Engineer. Drew McGuire, Solutions Engineer. Elton Cheng, Technical Support Engineer. Samu Eduardo Alvarez, Front End Engineer. Harshitha Konda, DevOps Engineer. John Lapio, Data Engineer. Paul, MN and loves nothing more than to get out in nature with family as much as possible.

Meeting 84

Meeting Sports Travel Engineering 84

Score More Sales

MARCH 8, 2012

Do they have any incentives to work hard? How do I compensate for the areas I’m weaker in? This post was written as part of the IBM for Midsize Business program, which provides midsize businesses with the tools, expertise and solutions they need to become engines of a smarter planet.

Pipeline 203

Pipeline Referrals Channels Buying Cycle 203

The Spiff Blog

APRIL 7, 2022

Gone are the days when commission, bonuses, and incentive pay were accounted for as direct expenses. Similarly, bespoke commission software is engineered to adapt its core functionality to your organization’s specific needs. Bespoke software is technically customizable— for your vendor’s engineers. Think about it.

Commission 79

Commission Software Software Vendor 79

Partners in Excellence

MARCH 4, 2014

It means we have to reassess our whole approach to the market, our sales deployment (organizational/structural) strategies, our recruiting strategies, our training, metrics, sales processes, compensation/incentive systems. Einstein defined insanity as doing the same thing over and over, yet expecting results.

Compensation 91

Compensation Incentives Incentive Engineering 91

The Spiff Blog

JULY 27, 2023

Recommended reading: 23 Quotes to Guide Your Sales Compensation Planning Process Performance Management As we’ve alluded to several times throughout this post, the possibility of SDR career progression can make or break the motivation and performance of your team.

Hiring 73

Hiring Motivation Lead Rank Sales Qualified Lead 73

The Spiff Blog

MARCH 31, 2023

A Deep Dive Into Inequity in Sales Compensation In order to better understand the impact of gender on sales commission, we analyzed the annual commission data of 1,500+ commission-earning employees from 150+ companies, 43 states, 11 job functions, and 35+ industries. We looked exclusively at variable pay. Below is a preview of our findings.

Commission 52

Commission Data Salary Face-to-face 52

Allego

MARCH 16, 2023

Rethink Compensation and Incentives: Tie incentives to outcomes that individuals can influence directly. Learning is an engine for growth and enables higher performance. Resilient organizations don’t just bounce back from misfortune or change; they turn shocks into opportunities.

Strategy 62

Strategy Ideal Customer Profile Hiring Remedy 62

The Spiff Blog

MARCH 16, 2023

Chalen Schoyer, Principal Sales Engineer at Spiff “Be confident in your negotiations. Amy Plante, Sales Engineer Team Lead at Spiff “Don’t get discouraged by the losses as they’re inevitable and even necessary to become a better seller.” Support your buyer, help them prove value when needed.

Negotiation 69

Negotiation Face-to-face Hiring Lead Rank 69

The Spiff Blog

FEBRUARY 15, 2022

But that doesn’t change the fact that these massive Excel spreadsheets you’re engineering are essentially mini computer programs. However, unlike a typical software engineer, most people patching together complex formulas in Excel don’t actually realize they’re programmers. Engineers don’t write JavaScript in the Notes app.

Commission 53

Commission Scale Software Software 53