The Spiff Blog

JUNE 20, 2023

Finance and accounting professionals perform tasks that are often complex, demanding, and incredibly consequential to the success of their company. But, mathematical skills and role-specific expertise are just a piece of the puzzle– success in finance or accounting also requires a number of equally important soft skills. Keep reading!

Account 90

Account Commission Hiring Compensation 90

Xactly

OCTOBER 18, 2018

Few leading indicators are more predictive of a company’s future sales performance than its incentive compensation plans. While multiple factors influence the effectiveness of your sales incentive compensation plans, 5 tips stand out: 1. Creating incentive programs that work require balancing multiple design choices.

Incentives 78

Incentives Incentive Compensation Webinar Metrics 78

The Spiff Blog

SEPTEMBER 14, 2023

Take commission plan creation, for example. Here’s an example: let’s say a female sales rep earns slightly less commission than one of her male counterparts and therefore doesn’t qualify for an accelerator. Efficiency AI is capable of completely mitigating the inherent inefficiencies of complex financial processes.

Commission 84

Commission Account Compensation Face-to-face 84

Zoominfo

DECEMBER 17, 2020

Each sales person’s motivation is unique, and while the financial incentives motivate many, a President’s Club award that comes with recognition and a unique prize also provides motivation. I preserve that as a right for the account executive team. It motivates my team to get into the account executive team."

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Incentives Incentive Travel Motivation 234

Xactly

OCTOBER 17, 2018

You may feel we’re being a bit too generous here with the word “party,” but considering how much we love flawless incentive compensation, we think a celebratory vibe is just what your planning committee really needs. So, how do you know if you have the right mix of attendees for your incentive compensation planning party?

Compensation 88

Compensation Incentives Incentive Webinar Metrics 88

Xactly

SEPTEMBER 5, 2018

To help, we’ve created MBO examples to get you going in the right direction and help you visualize how goals and objectives might differ by industry and role (Note: the same should apply for compensation and commission plans ), whether it’s in sales, marketing, or manufacturing. MBO Examples to Motivate Reps and Drive Performance.

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Examples Compensation Incentives Incentive 78

Sales and Marketing Management

MARCH 5, 2020

It’s no secret that by setting effective sales incentives and pay structures you can dramatically increase your team’s success rate. Each team member is motivated by different incentives, the magazine says: Stars seem to knock down any target that stands in their way, but may stop working if a ceiling is imposed. The takeaway here?

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Incentives Incentive Commission How To 265

SalesLoft

SEPTEMBER 19, 2022

Today, we’ll review an example of a sales funnel, its stages, and how to optimize your funnel with Salesloft’s engagement capabilities. Before diving into our example, let’s dress down the different stages of a sales funnel and its functions. Sales Funnel Example. Let’s review how the sales funnel works with a short example.

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Top of Funnel Funnel Examples Lead Rank 52

Xactly

NOVEMBER 15, 2018

In fact, the best way to ensure sales managers do their job well is by creating an incentive plan that drives the right behaviors. Download our "Ultimate Guide to Sales Compensation Planning" for incentive best practices and everything you need for a sales comp plan design project. Annual Target Incentive. On-Target Earnings.

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Compensation Examples Sales Management Incentives 87

The Pipeline

MARCH 27, 2014

Almost everyone in sales will tell you that incentives drive behaviour, but beyond that there is often little agreement among the pundits as to what the right incentive plan is. One aspect of the incentive where the pendulum of opinion swings back and forth is between simplicity and complexity of a plan.

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Incentives Incentive Compensation Engineering 306

LeadFuze

JUNE 17, 2021

What are B2B Scarcity Examples. B2B scarcity examples are a powerful way to get your prospective customers’ attention. In marketing, scarcity examples are sometimes used as a psychological tactic that marketers use in order to convince prospects of their urgency and importance by making them scarce. 1 Limited stock.

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Examples B2B Ideal Customer Profile Webinar Metrics 100

Understanding the Sales Force

NOVEMBER 10, 2023

The Example Salespeople (anyone, with any title, whose primary role is selling) don’t know about their own skill gaps and blind spots. Beyond Sales I don’t know enough about corporate taxes so we have an accounting firm for that. We didn’t know what we didn’t know. Contracts, agreements, and IP law? Investments?

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Company Hiring Scale Forecasting 212

Sales and Marketing Management

MAY 31, 2020

Sales teams must be agile during these challenging times, for example, by changing quotas on the fly. For example, incentives may shift to include focus on existing customers instead of net new sales and also could move towards a discretionary model with subjective KPIS rather than a formulaic commission driven plan.

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Motivation Compensation Incentives Incentive 194

LeadFuze

JUNE 3, 2021

What is Account-Based Marketing. Account-based marketing (ABM in the rest of the text) is a B2B strategy that focuses not on the attempt to reach a wide audience but to cultivate high-value relationships with specific businesses. We offer account-based search options that allow you to find the right contact in seconds.

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Account Based Marketing ROI Account Marketing 97

Highspot

JULY 23, 2021

” Go for strong, timely, actionable phrases instead – check out the examples in the next section for more inspiration. Take a look at these examples: When is a good time to chat about this more? Take advantage of the fact that your buyer isn’t in the room by keeping your account reach on hand during interactions.

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Examples Social Media Call-back Ideal Customer Profile 98

SBI

JUNE 5, 2019

Transforming Sales: How Engaged Accounts Can be Known and Then Treated More Effectively. Additionally, we see people using technology to better surface and understand their actual engagement with target accounts – using AI and other analytics. This week I interview John Steinert , Chief Marketing Officer of TechTarget.

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Account Scale Ideal Customer Profile Intent Data 135

LeadBoxer

JANUARY 10, 2021

The secret to jet-powered business growth is account expansion. This guide explains exactly what account expansion is and why it’s vital for your business. Keeping reading or jump ahead to these sections: What is Account Expansion? Account Expansion Best Practices. 3 Steps for Account Expansion.

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Account Lead Rank Lead Scoring Commission 97

PandaDoc

APRIL 25, 2023

Studying examples of sales plans can help illustrate this, so let’s look at an example sales plan excerpt now. Sales objectives In this example of a sales plan, the sales objectives could be to simultaneously increase sales by 25% and to acquire 10 new customers in the first year of operation.

Examples 52

Examples How To Hiring Segment 52

Miller Heiman Group

APRIL 9, 2019

According to CSO Insights research , only 29 percent of organizations report being effective at using a formal process for account engagement and development of relationships with key stakeholders. When managing large accounts, many sales teams struggle to access diverse stakeholders. Develop a Situation Appraisal.

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Account Incentives Incentive Decision Maker 92

Janek Performance Group

JANUARY 16, 2024

With salary, commission, bonuses, and other incentives, sales professionals often have options and feel in control of the compensation they receive, which can be great for motivation and fulfillment. As a result, there can be reduced incentive to work harder or produce more. We all want to be paid fairly.

Compensation 118

Compensation Salary Commission Margin 118

Sales and Marketing Management

DECEMBER 26, 2018

In my work with sales executives from corporations large and small, I repeatedly see that team rewards are easily overlooked in favor of individual incentives. And while individual incentives are critical to the success of any sales organization, most companies are not fully invested in supporting the team environment.

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Incentives Incentive Google Account 191

Xactly

NOVEMBER 20, 2018

The commission accounting standard has been in effect for public companies since December 2017. Subtopic 340-40, known as “the incremental costs of obtaining a contract,” has a huge effect on how companies’ commission accounting. Take car sales, for example. accountants accustomed to rule-based systems.

Commission 76

Commission Account Compensation ROI 76

Hubspot Sales

MARCH 21, 2019

And sales leaders use these metrics to track progress toward goals, make decisions and plans, adjust compensation, award bonuses and incentives, and identify issues before they become large problems. For example, the HubSpot CRM allows users to generate sales reports based on data from their customer database. Sales Dashboard Examples.

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Examples Hiring Report Hubspot 105

The Spiff Blog

OCTOBER 19, 2023

For example, paying a high commission rate on a product that drives less profit than your other offerings might contradict an efficiency-first strategy. Recommended reading : How to Develop a Winning Sales Compensation Philosophy Compensation Transformation Tip #3: Personalize your sales incentive programs.

Compensation 83

Compensation Incentives Incentive Commission 83

Zoominfo

SEPTEMBER 5, 2023

Harnessing AI requires a strong alignment of incentives across departments, coupled with high-quality data and experienced resources to get the job done. Combining a potential buyer’s firmographic data and purchase history, for example, gives product recommendation systems a foundation for understanding where a company is today.

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Lead Rank Data Marketing Segment 130

Sales and Marketing Management

SEPTEMBER 14, 2020

Still, the traditional siloed approach to sales and service created systematic discord that jeopardized customer experience (CX), shadowed cross-sell and up-sell opportunities, lowered renewals, reduced overall account value and made it difficult for sales and service teams to meet or even exceed performance goals. .

SAP 207

SAP Compensation Face-to-face Analytics 207

The Pipeline

FEBRUARY 3, 2014

One obvious factor and lever is incentive. I keep hearing, as I have heard throughout my sales career, that incentive drives behaviour, if so why do so many companies (senior sales executives), continue to reward sales people on the price they get, rather than the profit that sales person contributes?

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Incentives Incentive Discount Margin 244

Xactly

NOVEMBER 1, 2018

Under the new revenue recognition standard , companies must change the way they report revenue in their accounting for sales commissions. On Oct 17, we held a customer roundtable with Xactly Commission Expense Accounting (CEA) customers. Getting the Right Data in for Accounting for Sales Commissions. Download Guide.

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Commission Account Compensation Revenue 82

The Pipeline

FEBRUARY 6, 2018

In sales, your mindset is highly correlated to an individual’s willingness (at times ability) to be accountable for their actions and results. The other correlation is the paradoxical nature of both accountability and mindset. Being The Example. Mindset is one of the critical variables.

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Coaching Lead Rank Incentives Incentive 247

Xactly

JUNE 27, 2018

Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. Bio: Randall Lee is a senior analyst with over 25 years experience in the Areas of Accounting, Finance and IT. Company: Allergan.

Compensation 52

Compensation Incentives Incentive Pharmaceuticals 52

Xactly

JUNE 7, 2018

Incentive Compensation Management (ICM) solutions help companies manage their sales compensation plans and calculate commission payments. For example, organizations might need to manually upload their compensation data into their existing ERP or CRM or HCM system and vice versa due to lack of seamless integration.

Compensation 60

Compensation Incentives Incentive Data 60

Hubspot Sales

SEPTEMBER 11, 2018

Of all the questions we receive at Gartner’s Sales practice, some of the toughest and most frequent revolve around key account management. “ How do we build a successful key account management program? ”. “ How do find effective key account managers (KAMs)? ”. “ Key Account Performance Fails to Generate Outsized Returns.

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Account Hiring Sales Qualified Lead Scale 66

Hubspot Sales

NOVEMBER 28, 2023

Let’s take a closer look with some examples: Product datasheets. A management–frontline sales team or a senior leadership–middle management relationship are great examples of sales collaborations. For example, the sales team collaborates with the product team to understand new features.

Lead Rank 99

Lead Rank Top of Funnel Marketing Qualified Lead Ideal Customer Profile 99

Zoominfo

DECEMBER 17, 2020

Each sales person’s motivation is unique, and while the financial incentives motivate many, a President’s Club award that comes with recognition and a unique prize also provides motivation. I preserve that as a right for the account executive team. It motivates my team to get into the account executive team."

Incentives 100

Incentives Incentive Travel Motivation 100

The Spiff Blog

APRIL 27, 2023

Real World Examples of How to Motivate Employees During Tough Times Let’s look at an example of how motivation and reward go hand in hand. For example: Does your employee know that if they do x, they will get y? but there are always ways to get creative and offer immediate incentives to supplement the final reward.

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Motivation Hiring Compensation Incentives 75

OpenSymmetry

FEBRUARY 10, 2016

In the second scenario, the organisation has a strong HR or Sales leader driving the project who wants to look at a simplified process or wants a simplified incentives landscape before they start automating. Finally, 70-80% of companies will have no or at best inflexible technology to support incentives.

Incentives 40

Incentives Incentive Compensation Territories 40

SBI Growth

OCTOBER 6, 2013

Surely something is wrong besides the new incentive compensation. Incentive targets are linked in a competitive fashion, not on my own improvement. Some firms may use competitive ranking for parts of incentive compensation, or for the illustrious "President''s Club". Accounts and territories are not methodically analyzed.

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Compensation Territories Incentives Incentive 293