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A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Tactics may have changed, but for the most part these sales teams still run on a commission or quota based metric determined by well-planned territories. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics.

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A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Tactics may have changed, but for the most part these sales teams still run on a commission or quota based metric determined by well-planned territories. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics.

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Enhance Sales Momentum

Pointclear

Compensation Adjustments. Changes in compensation, especially done mid-year, often lead to disruption. Territory Adjustments. Salespeople expect there may be territory adjustments at the beginning of a year. It can be a temporary time suck for the entire territory, disrupting sales for 3-6 months. See item 5.

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In the Age of AI, Training Is More Critical Than Ever

Sales and Marketing Management

This could include data from relevant industry organizations, government economic indicators and various inflationary measures for different geographies. This is unexplored territory?—?and Bringing additional data sources to the system helps ensure that you do not simply make your existing “worst” practices more efficient.

Training 206
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A Get-Well Plan for Sales Ops in the New Year

SBI Growth

This work also includes data governance and process flows. Don’t do a territory redesign project without knowing exactly who you’re targeting. Territory Design – Like structure and sizing, efficient territory design improves revenue and cuts costs. Sales, Finance, Marketing and Customer Service need this alignment.

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The Strategic Account Manager – How do you Compensate This Critical Role?

OpenSymmetry

Each salesperson is assigned a territory, a quota, and they “go forth and sell”, right? The Strategic Account Manager is included in this group and is amongst the most difficult roles to compensate in sales organizations. So, how do you compensate this key role? Approach to Governance. Cost of Labor vs. Cost of Sale.

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Holistic revenue performance series IV: Sales operations

Mereo

With this in place, uniting your leadership and teams, go-to-market activities become more streamlined and successful, pursuing new territory or different markets becomes achievable. With too many salespeople assigned to a territory, you set your team up for missed individual quotas and an inundated market. Unified Sales Governance.