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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Compensation Commission Hiring Salary 72

Alice Heiman

DECEMBER 21, 2022

In today’s competitive business landscape, having an effective sales strategy is more important than ever. Many companies manage their sales teams separately from other departments such as marketing, operations, and customer enablement. The goal of sales is getting to revenue.

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Lead Rank Marketing Qualified Lead Sales Qualified Lead Churn 131

The Spiff Blog

SEPTEMBER 7, 2023

As a sales leader, you already know that effective sales performance management isn’t just setting lofty sales targets and then pushing your team to achieve them. These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement.

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Incentives Incentive Scale Compensation 83

Sales and Marketing Management

OCTOBER 22, 2018

Author: Brad Wilsted Companies pour enormous resources into growth. From sales force training and compensation to investments in sales processes and technology, organizations relentlessly seek to pull the right levers that will drive revenue growth and improve sales effectiveness.

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Sales Management Hiring Compensation Scale 218

The Spiff Blog

JANUARY 9, 2024

What does this mean for sales teams? It means they might be tasked with supporting loftier business goals– without much in the way of additional manpower or resources. If you’re responsible for reaching demanding sales targets, you must be more dynamic and strategic in 2024. Let’s get into it! Streamline the ramp-up process.

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Banking Hiring Churn Scale 84

The Spiff Blog

SEPTEMBER 1, 2022

If you’ve worked in sales, revenue operations, or finance for any amount of time, I don’t have to tell you how important sales compensation is. You already know the right sales compensation plan can motivate your team, improve their performance, and boost overall job satisfaction. Insurance Sales Agents: $50,600.

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Compensation Salary Incentives Incentive 81

Highspot

OCTOBER 11, 2023

Effective sales management is the core of any successful business. Read on as we break down why strong sales management matters, along with proven strategies to achieve it. It involves planning, organizing, leading, and controlling the sales activities within an organization to achieve its revenue targets and close deals.

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Sales Management Strategy Lead Rank Lead Scoring 59

Sales Hacker

SEPTEMBER 27, 2022

In this episode of the Sales Hacker Podcast, we have Scott Barton , VP of Industry Solutions at Varicent. He’s an expert in the sales world, particularly in revenue operations and incentive compensation. Join us for a great conversation about driving the right behaviors within your sales team. powered by Sounder.

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Compensation Incentives Incentive Quota 80

SBI Growth

MAY 21, 2013

Does your Chief Sales Officer rely heavily on you for their success? As the sales operations leader, you focus on helping your sales leaders shine. Download the Guide to Understanding Your CSO here. Download the Guide to Understanding Your CSO here. Think about your most valued sales ops team members.

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Hiring Collateral Comparison Territories 300

Mindtickle

NOVEMBER 20, 2023

Every sales organization aims to close more deals and grow revenue. Of course, sales reps play a critical role in achieving these goals. But often, they’re ill-equipped to guide deals to the finish line. All too often, sales reps spend time developing a unique sales strategy for each prospect based on what they think will work.

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Ideal Customer Profile Sales Methodology Face-to-face Hiring 52

SBI Growth

SEPTEMBER 24, 2013

As a sales ops leader, you face problems every day. For the Sales Ops’ Guide to Selecting a Consultant , click here. By registering for SBI’s Sales & Marketing Research Review , you''ll get the Guide. You''ll also get plenty of other tools to help you meet all types of Sales Ops challenges.

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Case Study Face-to-face Compensation Retention 306

SBI Growth

JUNE 26, 2013

The average tenure of a B2B Sales VP is about 18 months. That means roughly one-half of B2B sales VP’s last less than 18 months. Today''s post provides ways sales operations can deliver value quickly to a new sales VP. A complete guide will be available for download at the end. How do they view sales operations?

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Hiring Lead Rank Compensation Guidelines 319

Hubspot Sales

MAY 9, 2022

Even the most seasoned, effective salespeople can struggle when hashing out how to lead a sales team. Taking the reins doesn't come naturally to everyone, and even born leaders might need a little guidance when transitioning into a sales management role. Let's dive in. Be thorough and thoughtful when hiring.

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Lead Rank Sales Qualified Lead Lead Scoring Leads 98

Sales Hacker

APRIL 19, 2022

In this article, I’ll outline the principles of compensation design , how to build sales compensation plans , and include resources to set OTEs and quotas that keep your reps happy and hungry for more. Why Sales Comp Planning is Key to Rep Retention. Who should be responsible for sales compensation planning?

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Compensation Retention Hiring Commission 86

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. It’s no exaggeration to say the rise of artificial intelligence is the defining technological trend of our era. Already, 77% of businesses are currently using or exploring the use of AI ( source ).

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Hubspot Sales

OCTOBER 2, 2019

As a sales leader, your ability to develop and retain your sales reps is important to your company’s bottom line and future success. Employee retention in the sales field continues to be an issue. In 2018, the average sales professional tenure was reported to be 1.5 Why Sales Performance Management Matters.

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SAP Oracle Compensation Territories 119

Xactly

JANUARY 18, 2019

Motivating your sales reps is one of the key factors of sales success. In most sales organizations, the sales commission plan is the best way to do this. Your sales commission plan is a portion of your sales compensation plan. sales commission structures , bonus plans, pay mix, etc.)

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Commission Incentives Incentive Compensation 81

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. We recently sat down with Chris Semain, Principal and Tech Practice Leader at the Alexander Group to discuss the future of sales comp. Recommended reading: The Definitive Guide to Recession-Proofing Your Sales Team.

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Groups Conversion Commission Lead Rank 67

Mereo

NOVEMBER 15, 2023

Like a number of our clients, they are moving towards a stronger sales-led oriented culture, recognizing the benefit of higher growth rates across all parts of the organization. There are a number of factors that should tip off sales and go-to-market leaders to rethink their organizational approach.

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Lead Rank Marketing Commission Retention 41

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. Let’s get into it.

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Hiring Compensation Commission Face-to-face 79

Highspot

NOVEMBER 21, 2023

This guide reveals how to lead with unparalleled skill. What Makes a Great Sales Manager? What Sets Great Sales Managers Apart? Metrics Sales Managers Should Care About Common Mistakes Sales Managers Should Avoid Embrace the Challenge of Great Sales Management What Makes a Great Sales Manager?

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Sales Management Strategy Lead Rank Coaching 52

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.

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Hiring Territories Incentives Incentive 70

Xactly

SEPTEMBER 10, 2018

Sales performance management (SPM) and incentive compensation management (ICM) are often used interchangeably. While at one time, these two terms did essentially mean the same thing, SPM now encompasses far more than just compensation. Fact #3: A lost sales rep can cost companies an average of $115,000 to replace.

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The Spiff Blog

JULY 27, 2023

The SDR, or Sales Development Rep, is undeniably the backbone of many successful sales organizations. SDRs play a vital role in building business, managing inbound inquiries, booking meetings, qualifying leads, and prospecting. Despite these hurdles, SDRs are a driving force behind sales growth and revenue generation.

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Hiring Motivation Lead Rank Sales Qualified Lead 73

Hubspot Sales

SEPTEMBER 6, 2023

Read on to find out how Teamwork.com increased sales efficiency by 50% when they ditched "more is better" in favor of "better is better." Teamwork.com's Sales Story Who are you and what is Teamwork.com all about? My name is Beau Brooks and I’m the Global VP of Sales at Teamwork.com, a project management tool for client work.

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SBI Growth

AUGUST 19, 2013

As a Sales Operations leader, your success depends on getting change initiatives to stick. John Kotter is a best-selling author and recognized expert on Change Management. The “Expert Panel Change Management Guide” will be available to all registrants. This group shouldn’t include managers or supervisors.

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Ideal Customer Profile Construction Follow-up Sales Operations 257

Braveheart Sales

JUNE 29, 2021

While the compensation plan is one piece of the puzzle, it is incumbent upon the manager/leader to understand what really will inspire the salesperson to achieve or even over-achieve. Managers must take a personal interest in what the salesperson is working toward. Accountability Planning. What are their hopes for their future?

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Compensation Account Salary Motivation 64

The Spiff Blog

JANUARY 12, 2023

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. I need you to do more with less. If you’ve been told something similar in recent months, you’re not alone.

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Compensation Hiring Commission Face-to-face 67

Apptivo

JUNE 14, 2023

What is a sales report? What are the different types of sales reports in Apptivo? Why is a CRM sales report essential for business? How to Create Sales Reports in a CRM like Apptivo? ” This timeless phrase holds especially true in the sales sector. Let’s discover more about sales reports in this blog.

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SBI Growth

NOVEMBER 17, 2013

Listen up Chief Sales Officer. It’s time that Sales Operations gets your undivided attention. Download the Leaders Guide to Sales Ops Enablement by clicking here. Download the Leaders Guide to Sales Ops Enablement by clicking here. There are multiple reasons why Sales Ops needs your attention now.

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Company Hiring Buyer Persona Maximizer 296

Janek Performance Group

MARCH 30, 2022

In sales, we can learn from a Cinderella story. Here are ways to create your own sales Cinderella story: Team-First Culture. The best basketball teams and sales organizations have positive cultures. Compensation counts. Of course, there’s some debate about paying college players, but compensation is more than money.

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Lead Rank Lead Scoring Coaching Compensation 62

Sales Hacker

NOVEMBER 10, 2023

We’ll dive into 3 ways that revenue leaders are successfully doing so – let’s get into it. Guided Onboarding and Resources: Providing intuitive onboarding accelerates the user journey to the “aha moment.” Contract renewal dates. This week’s newsletter is sponsored by Demandbase.

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Loyalty Customer Lead Rank Face-to-face 93

Hubspot Sales

FEBRUARY 20, 2018

You were an outstanding sales rep -- and now, as a sales manager, you’re eager to cultivate the same performance from your team members. Thousands of newly minted sales managers have been in your exact position, and many of them have written top-notch guides to thriving in this role. Sales Management.

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Sales Management Hiring Sales Qualified Lead Coaching 111

Highspot

APRIL 2, 2020

Modern sales ops professionals play a vital role in the success of a sales organization by staying ahead of problems and enabling the sales team to focus on selling. Why is sales operations important? What is the difference between sales enablement and sales operations? Sales operations roles.

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Highspot

OCTOBER 30, 2023

In this article, we help you navigate the intricacies of sales performance metrics, guiding you on which ones are pivotal and how best to measure them. What Is Sales Performance? Sales Performance vs. Sales Metrics Why Analyze Your Sales Performance? Why Analyze Your Sales Performance?

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Lead Rank Lead Scoring Churn Top of Funnel 59

Xactly

SEPTEMBER 19, 2018

Working in Sales is no easy game. For the days that are more the latter than the former, we’ve put together a list of a handful of motivational sales success stories to bring you some inspiration, along with a list of additional motivational sales articles at the end. Broke to Billionaire. The Incentive of Getting Fired.

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Hubspot Sales

JULY 9, 2019

Specifically, the managers who lead your sales teams — they oversee the reps who communicate directly with your prospects and customers daily. Think about it this way: If you're a sales manager and you help each of your 10 reps sell 20% more, you've essentially just "created” two new salespeople. Set Goals and Quotas.

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Sales Management Hiring Buyer Persona Compensation 117