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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. If you can relate to these concerns, you’ve come to the right place. What does an incentive compensation manager do? First, let’s cover the primary responsibilities of an incentive compensation manager.

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Unleashing Profit Potential Through Rebate Automation

Distribution Pricing Journal

The distribution industry traditionally faces low margins in each sale. This drives greater cost savings related to rebate management, but perhaps more importantly it allows you to take advantage of more profit-driving rebates. Most distribution ERP systems have basic functionality for pricing and rebates.

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Distributed Mentoring: How to Get Help and Advice from Your Network

Hyper-Connected Selling

Distribute Your Mentorship Search. Instead of one main mentor, the goal is to distribute the mentoring responsibility between a variety of mentors that you can follow and model for specific skills and experiences. The goal is to think of your network as a source of distributed mentoring. So where can you find these people?

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Why Improving Customer Experience is Essential to Your Business

Pipeliner

They also allow companies to get feedback on new products or services before distribution. Giveaways are a strategy you can use to distribute samples, gifts, discounts, coupons, and other benefits to customers. Offering referral incentives. Keeping brand messaging clear and consistent. Regularly engaging with your customers.

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Wells Fargo: The True Cost of “Unchecked Incentives”

OpenSymmetry

Richard Cordray, director of the Consumer Financial Protection Bureau, suggests “unchecked incentives” were the root cause of the fraudulent accounts, further elaborating, “Incentive compensation structures are common in businesses and they can motivate positive behavior.

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5 Ways to Build Up Customer Loyalty

Zoominfo

Picture this scenario: a customer has a product-related issue they need assistance with. Or a product-related question? Establish an Incentive-Based Customer Loyalty Program. While there are many different forms of incentives you can offer within your program, here are a few recommendations: Create a Tiered Incentive Program.

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6 Steps to Setting Up The Perfect Remote Sales Contest

Sales Hacker

RELATED: Supporting Remote Teams: 5 Steps to Keep Your Team Thriving. Nail Down Incentives. A lot of sales orgs set aside budget for incentives, but they offer the same prizes week after week, quarter after quarter. One of our best sales incentives that we come back to year after year is our billboard incentive.