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A Foolproof Framework for Better Incentive Communication

The Spiff Blog

Developing an effective sales compensation plan requires a lot of brain power. Too many organizations pull out the big guns to build comp plans, but fall short when it comes to clearly communicating compensation changes to reps. The only remedy is a formal incentive communication strategy. Let’s dive in!

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5 Ways to Write a Better Change of Commission Letter

The Spiff Blog

Although not all comp changes are inherently negative, employers must exercise caution when it comes to communicating compensation changes to their sales teams. These basics will serve as the foundation of your letter and as a reminder to employees about how you define and manage sales compensation. Final Thoughts.

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CROs: Double Down on Seller Experience to Do More with Less

The Spiff Blog

So how can a CRO remedy this issue and create a recession-proof sales organization ? Let’s address something that, although obvious, often goes unstated during conversations about sales compensation. Something else to consider: A shocking 89% of sales turnover is caused by deficient or unclear compensation ( source ).

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Bridging the Gap Between Sales and Finance

Xactly

If your company takes the initiative and automates their incentives and commissions process, you’ll easily remedy the main point of contention between Sales and Finance and bring your organisation closer together as a whole. A commission plan with too many incentives is sure to end badly. Reason 1: Plans and Afterthoughts.

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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. Common extrinsic motivators in sales are things like compensation, experiences, prestige, and power. Is compensation tied to the most meaningful metrics? Set SMART Goals.

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A Day in the Life of an Effective Sales Compensation Manager

The Spiff Blog

Managing sales compensation is both a highly complex and highly consequential responsibility. The design and execution of a sales compensation program directly influences the performance and morale of a sales organization, as well as the overall financial success of a company at large. What is a Sales Compensation Manager?

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A Guide to Promoting A Diverse & Inclusive Hiring Process

The Spiff Blog

At Spiff, transparency is baked into everything we do, from the software we build, to the way our team operates. The remedy is real, concrete action items at every stage of the hiring process. You may have seen us reference escape velocity in other blog posts. About Spiff.

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