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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. You want to have access to the most impactful solutions and systems that improve your ability to do your job well— but you also worry about the perception that these powerful tools are more valuable to the company than you are.

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Where to Allocate Marketing Budgets in 2023/2024

Sales Hacker

Based on an annual Gartner report on CMO spend for 2023, 71% said that they lack the budget to fully execute their strategies in 2023, predicting that it will remain as restrictive in 2024. The post Where to Allocate Marketing Budgets in 2023/2024 appeared first on GTMnow. Have a fantastic weekend.

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New year, new goals: A checklist to empower your sales teams to close more deals in 2024

PandaDoc

Hopefully, the start of the new year has you super jazzed about what your sales organization will achieve in 2024. Now, let’s talk incentives. Incentives, or spiffs, can really boost motivation. But here’s the key – structure your incentives to make your goals more realistic and achievable.

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Two BIG Reasons Your Prospecting Isn’t Working

Sales Hacker

These rules went into effect in February 2024 and could impact your deliverability. Senders need to ensure that spam rates (as reported in Gmail’s Postmaster Tools ) are below 0.10% and never above 0.30%. Offer incentives and valuable content to ensure that subscribers stay engaged. An updated spam rate threshold.

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

Janek Performance Group

Many sales professionals often don’t receive the crucial tools needed for success right away. In addition to regular training sessions, coaching, and job shadowing, you should teach every salesperson how to leverage technology and use it as a tool to keep track of data and accelerate the sales process.

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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. Managers are clamoring for tools to enable them to coach and guide at scale. So the demand for more technology is only increasing.