Remove Incentives Remove Retention Remove Software Remove Territories
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How to Train a Sales Team on Products: Use Modern Software, Not Old-Fashioned Training Techniques

Bigtincan

The solution, in our experience, is modern training software that allows sales reps to find and review product information exactly when it’s needed by using techniques like just-in-time learning (reps can look up answers as needed) and microlearning (short lessons for improved knowledge retention).

Fashion 105
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Sales Planning Fundamentals Part Four: Territory Planning

Xactly

In today’s post, I’ll talk about territory planning. Territory planning represents the foundation of sales performance management (SPM). You must have the right territory design in place to accurately allocate quotas. Accurate quota allocation impacts your team’s ability to achieve their anticipated incentive compensation.

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3 Keys to Building an Effective Commission Plan

The Spiff Blog

Perhaps you’re an 8-year-old business focusing on retention– or maybe you’re finally in a phase of sustainable growth. But remember that while the execs are driven by revenue and low customer churn, your sales reps are driven by their incentive compensation plans. Does this include all territories and teams, or just a portion of them?

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The Sales Leader's Guide to Performance Management

Hubspot Sales

Employee retention in the sales field continues to be an issue. Having clear, visible goals and incentives builds well-rounded sales professionals. Sales Performance Management Software. To implement sales performance management software, consider some of the following features in your search. Image source: Xactly.

SAP 126
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2023 Sales Comp Planning: A Conversation with The Alexander Group

The Spiff Blog

As we start planning for 2023, the only thing we’re certain of is that we’re in rocky territory– some organizations more precariously positioned than others. Don’t neglect retention after an upswing. Retention is important in good times and bad times. Something else we were happy to confirm? Final thoughts.

Groups 67
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A Sales Leader’s Blueprint for 2014

SBI Growth

Territory design, quotas and compensation plans. Steve is a VP of The Americas of a large enterprise software company. Change the compensation plan to incent new logo growth by adding an accelerator. Increase base pay by 7-9% across the board to help with retention. Too few, you leave money on the table. An Example.

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7 Tips for Retaining Your Best Salesperson

Growbots

Building a retention strategy that hits some of these key pain points can help ensure that you are retaining your best salesperson. Most salespeople are driven by financial incentives. Changing your compensation structure or rezoning your territories should only be done with extreme caution. It’s not just about the money though.