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Compensation Transformation: 7 Tips for 2024 Sales Comp Planning

The Spiff Blog

Believe it or not, the new year is right around the corner– and that means it’s time to plan your sales compensation strategy for 2024. In today’s post, we’re offering our top seven tips for a complete compensation transformation in 2024. Personalizing sales incentives is a difficult task for a number of reasons.

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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. What does an incentive compensation manager do? First, let’s cover the primary responsibilities of an incentive compensation manager. Administer commission plans. Design compensation plans.

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30 Sales Commission Memes to End 2023 with a Laugh

The Spiff Blog

Whether you’re a sales compensation manager struggling to get commission statements in order, or a sales rep trying desperately to hit your quota, the last month of the year often ends up being the most stressful. So, we figured it’s a good time to lighten the mood with some of our favorite sales commission memes. Too bad for them… 6.

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Hit Your Sales Targets without Breaking the Bank in 2024

The Spiff Blog

If you’re responsible for reaching demanding sales targets, you must be more dynamic and strategic in 2024. If you’re strapped for budget and can’t rely on new hires to hit your goals, here are some tried and true ways you can set sellers up for success in 2024. Let’s get into it! Streamline the ramp-up process.

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6 Tips for Selling to the CFO in 2024

The Spiff Blog

About Spiff Spiff is a new class of commission software that combines the familiarity and ease-of-use of a spreadsheet with the power of automation at scale- enabling finance and sales operations teams to self-manage complex incentive compensation plans with ease.

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Onboarding Sales Talent The Right Way: The Sales Manager’s Perspective

Janek Performance Group

3) Clearly communicate benefits and compensation New hires should have a clear understanding of commission plans and other important benefits and compensation from the start. Incentives such as gym memberships, flex time, additional time off, even an in-house concierge will build loyalty; they also promote a more stress-free work environment.

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Building the New Millennial Financial Advisor with Sales Readiness

Mindtickle

This shift aligns with the overall industry trend with millennials set to replace the 25% retiring by 2024, according to Cerulli Associates , a leading global research firm for financial services. Not to mention the demographic shift among his advisors to a younger generation.