article thumbnail

How to be Indispensable as an Incentive Compensation Manager

The Spiff Blog

As an incentive compensation manager, you hold a critical role that keeps your organization running. In this day and age, no one doubts the importance of sales compensation when it comes to driving growth for a business. What does an incentive compensation manager do? Design compensation plans.

article thumbnail

Incentive Compensation: What It Is & How to Structure a Plan

Hubspot Sales

Incentives are natural motivators — and sometimes, some "natural motivation" is exactly what your salespeople need to perform to the best of their abilities. That's why several companies leverage something known as incentive compensation : the practice of offering financial rewards for professional excellence. Annual Incentives.

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. 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.

article thumbnail

Boutique vs. Large: Which to Choose for your Incentive Compensation Management Project

Canidium

Suppose you are considering incentive compensation management software but must decide whether to choose a boutique implementation firm or a large one. If so, you've landed on the right article.

article thumbnail

Best Practices for Pay Transparency Around Your Sales Reps

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

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”. How can pay transparency help you retain and motivate your reps?

article thumbnail

Rethinking Sales Incentives

The Pipeline

As part of a series of posts dealing with areas you should consider, better yet reconsider, going in to the New Year, today we look at incentive. While there are other expenses, commissions/incentives, are the most direct “payment” you pay for bringing in revenue. What’s in Your Pipeline? Tibor Shanto .

article thumbnail

Post-Implementation Challenges with Incentive Compensation Management Solutions

Canidium

Organizations with Incentive Compensation Management (ICM) often experience issues post-implementation. System lagging. Data redundancies. Integration problems. User training problems. Or maybe the solution feels clunky, but you can't identify the core issue.