article thumbnail

Sales Compensation and Quota Options During the COVID-19 Pandemic

Miller Heiman Group

Set Up an Incentive Compensation Relief Committee. The first step is to set up an incentive compensation committee to structure the terms and optics of the relief effort. If an incentive is offered to an employee who later leaves the organization, you’ll need to set terms and time commitments for paying back any incentives.

article thumbnail

5 Ways to Write a Better Change of Commission Letter

The Spiff Blog

For example, if your organization is shifting up market and wants to dedicate more time and resources going after enterprise accounts, you may decide to increase your minimum contract size— and therefore, no longer offer incentives for smaller deals that fall outside that range. Final Thoughts. About Spiff.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Skill vs. Will: When Skill Just Isn’t Enough in Sales

The Spiff Blog

That is, unless it’s recognized and remedied quickly. Sales goals are often closely tied to sales performance and incentive compensation. But, over time, if you stay true to your word, and act with transparency, your team will begin to trust you. Act with transparency even if it means saying the hard things.

article thumbnail

How to Build a Sales Process: The Complete Guide

Nutshell

Investigating: “Something has happened to alert the prospect to a potential issue, and they are researching their options and deciding whether there is a clear reason to act.” Let’s talk about some of the challenges you’ll face when working through your sales process steps and some simple remedies you can employ.

article thumbnail

A Guide to Promoting A Diverse & Inclusive Hiring Process

The Spiff Blog

The remedy is real, concrete action items at every stage of the hiring process. As we explained earlier in this article, human beings have built-in biases that lead us to gravitate toward the familiar– people who look, act, and think like us.

Hiring 55
article thumbnail

15 Proven and Tested Sales Methodologies to Boost Your Sales

LeadFuze

Act: Monitor your progress and ensure that you keep your obligations. It places a premium on identifying the customer’s pain spots, probing to ascertain their underlying demands, demonstrating an in-depth grasp of their company and needs, and providing not only a product but a remedy to their issues. 6 Solution Selling.

article thumbnail

Sales Operations and Company Growth: An Extensive Guide

Crunchbase

Performance and incentive program management. Often, sales ops oversee sales reps’ salaries, bonuses and other incentive programs that impact their current or future earnings. The assignment of territories to individual sales representatives is a significant function often relegated to the sales ops managers.