Remove Compensation Remove Exercises Remove Incentives Remove Territories
article thumbnail

Is Your Sales Compensation Driving the Right Behaviors?

SBI Growth

It's a critical time of year for sales compensation. If the compensation plan is not effective it will have profound negative effects. For example: selling low margin products because they maximize the compensation payout. A compensation problem may soon morph into a retention problem. Did it incent the right behavior?

article thumbnail

The Territory Optimization Revolution

OpenSymmetry

A critical element that is relatively new is territory optimization and we will examine the case for this in this article. The territory optimization and alignment element of salesforce effectiveness is vital for three reasons. Poor or excessive customer coverage if territories are too small, leading to missed revenue.

Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Sales Quota Setting Methodologies Proven to Generate Revenue

The Spiff Blog

These functions include territory management, goal setting, capacity modeling, forecasting, sales performance improvement, seller experience, and countless other exercises that set a business up for success– or failure. In fact, optimizing territory design can increase sales by 2 to 7% each year ( source ).

Quota 70
article thumbnail

Xactly Extends AI Based Sales Planning with Acquisition of OpsPanda

Xactly

As the forerunner in cloud-based incentive compensation management (ICM), Xactly identified data as a key performance driver from the very start. While organizations recognize its importance, most still conduct sales planning as an annual, static, and manual exercise – relying on guesswork not data intelligence.

article thumbnail

Using Automation to Address Sales Burnout

The Spiff Blog

Salespeople in particular are more susceptible to burnout for a few reasons: Performance-based compensation : In sales, a rep’s paycheck fluctuates based on their performance. These include exercise incentives, free mindfulness tools, and practical advice about relieving workplace stress. Perceived lack of control.

article thumbnail

5 Sales Planning Questions You Should Ask

Xactly

For compensation, this might mean more than a sales VP. Download our guide, "Designing Sales Compensation Plans," to learn how to structure your plans. Of course, incentives are a big part of this, but find other ways to rally the troops, whether that’s food bribes or fun team building exercises. Quota setting.

article thumbnail

How One Company Integrates SDRs into their Account-Based Strategies

The Bridge Group

They built three “swim lanes” for their AB-strategy with the AE playing the CEO role for their territory. Remember, compensation drives behavior. This accounts for roughly 40% of their incentive compensation. This accounts for roughly 60% of their compensation. This is over and above their target incentive number.