Remove Commission Remove Compensation Remove Sales
article thumbnail

Does Sales Compensation Have to Be So Complicated?

Sales and Marketing Management

Mark Shopmeyer, co-founder and co-CEO of sales commission software startup CaptivateIQ, says sales compensation plans don't have to be the headache they are for many companies. The post Does Sales Compensation Have to Be So Complicated? appeared first on Sales & Marketing Management.

article thumbnail

It’s Time to Update the Sales Agent’s Compensation

Sales and Marketing Management

So why are companies stuck in the mindset that a low salary plus commission is the best way to drive sales performance? The post It’s Time to Update the Sales Agent’s Compensation appeared first on Sales & Marketing Management. Higher base pay fosters better performance and affective commitment.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Pros and Cons of Different Sales Compensation Plans

Janek Performance Group

With any job, a primary consideration is compensation. One common perk of a career in sales is the ability to earn more based on your own hard work and selling success. However, the types of sales compensation plans can be more complex than for other professions. We all want to be paid fairly.

article thumbnail

I Debated ChatGPT: 'Commission Should Be Done Away With'

Hubspot Sales

The piece got decent traction, was fun to write, and produced some interesting perspectives on both sides of the argument — so I figured it might be worth it to try the process again with another hot-button sales issue. ChatGPT and Me: “Commission should be done away with.” Here's what we had to say. Take a conversational tone.

article thumbnail

Best Practices for Pay Transparency Around Your Sales Reps

Speaker: Grayson Morris, CEO, Performio & Lisa Wallace, Co-Founder, Assemble

Your talent acquisition team has spent months recruiting for your latest sales position. Many are frustrated with their compensation and indicate this as a major driver of attrition. How a clearly defined incentive compensation process can provide transparency around commission structures, so reps don’t think comp is a “black box”.

article thumbnail

Walking the Tightrope of Sales Compensation Modeling

Sales and Marketing Management

Author: Dave Egloff, Senior Director at Gartner For many organizations, sales commissions are the highest variable expense and unfortunately, very challenging to forecast. That is an uncomfortable fact — the chief sales officer’s highest variable expense might be the most challenging to predict. 400k of additional expense).

article thumbnail

Compensation strategies for keeping salespeople engaged

Sales and Marketing Management

For sales teams selling in industries where money is already tight due to the pandemic, many have become frustrated and unmotivated with the slow economic recovery and thus low budgets from prospects and clients. Let’s explore three ways that sales leaders can utilize data and analytics to stay afloat amid the crisis and keep teams motivated.