Xactly

MAY 16, 2018

The sales compensation planning process can be complex, and unfortunately, sometimes a headache. Luckily, with the right tools, sales operations can reduce the stress and time it takes to design, test, and implement a new compensation plan, and they can work to maintain and tweak the plan throughout the year.

Incentives 66

Incentives Incentive Compensation How To 66

Understanding the Sales Force

NOVEMBER 10, 2023

Sales Leaders (sales managers report to them) are usually the least aware of their sales leadership weaknesses and similarly lack insights into their sales managers and salespeople. When this lack of awareness is prevalent at the top of a sales organization, it is challenging to grow it or scale it.

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Company Hiring Scale Forecasting 212

Chorus.ai

OCTOBER 20, 2020

A great sales team has to be built from people who can prove their passion, ambition, and drive, but a great sales team also has to feel that they’re getting paid according to their value. Creating the perfect incentive compensation package for your team is no simple feat. Ensure compensation is aligned with sale roles.

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Compensation Salary Commission Incentives 50

A Sales Guy

JULY 23, 2014

Note: This blog post is an excerpt from my new book: “Creating High Performance Sales Compensation Plans”. Some pay commission based on sales, while others only pay on margin; still others blend both with incentives and special bonus plans. Compensation plans shouldn’t be developed in a vacuum. Sizing It Up.

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Compensation Margin Commission Salary 120

Partners in Excellence

JULY 26, 2016

My last post inn this series was “ Super Hero Sales Managers.” ” I hesitated for a moment discussing this topic–sales compensation plans. I can barely scratch the surface on this topic, sales people, sales executives, and non sales executives invovled in compensation are likely to be unhappy.

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Compensation Sales Leadership Commission System 48

Braveheart Sales

DECEMBER 10, 2020

The end of the year is when many leaders tend to consider transforming their sales compensation plan since a new year equals making a fresh start. If you are a leader contemplating changes, I would suggest that a real purpose be at the core of any new compensation plan. It leaves a lot of sales performance to chance for one.

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Compensation Hiring Motivation Incentives 52

Your Sales Management Guru

MAY 30, 2012

Sales Compensation and Having a Fun Summer. Sales Leadership Ideas. At this time of year sales management must be looking at pipeline levels and goals for July/August and determining if there is the necessary level of activity to ensure targets will be exceeded. A Contest Sampler.

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Compensation Sales Leadership Face-to-face Incentives 67

The Pipeline

FEBRUARY 3, 2014

One obvious factor and lever is incentive. I keep hearing, as I have heard throughout my sales career, that incentive drives behaviour, if so why do so many companies (senior sales executives), continue to reward sales people on the price they get, rather than the profit that sales person contributes?

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Incentives Incentive Discount Margin 244

The Pipeline

JUNE 7, 2013

Compensation style dictates breadth of view and company culture. Compensation affects every employee’s focus and breadth of view. If you’re a career sales person you’ve probably seen deals signed with off-target customers just to meet the quarter. Aligning your compensation with your goals. It’s easy to understand.

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Commission Compensation Decision Maker Face-to-face 314

Xactly

JANUARY 18, 2019

Your sales commission plan is a portion of your sales compensation plan. Ultimately, your sales commission plan motivates reps to close deals and perform specific sales behaviors that align with your company goals. To help ensure you set your sales team up for success, here are six steps to setup a commission plan.

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Commission Incentives Incentive Compensation 81

No More Cold Calling

JANUARY 16, 2020

That’s why we need sales managers. Actually, what we need is strong sales leadership. Whether you are a CEO, vice president, or sales manager, you have a central role in your company’s sales process and in the decision to transition from vapid outbound prospecting to selling through referrals. Sales Team Questions.

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Referrals Sales Management Hiring Scale 328

Sales and Marketing Management

JANUARY 23, 2020

Author: Dave Gerry Building a winning sales organization is no small task. Finding and hiring the right kind of people with the right mix of skills, developing a compensation plan, identifying training needs and aligning everyone with business goals can all be daunting. . . But here’s the rub: sales organizations are not all the same.

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Hiring Ideal Customer Profile Scale Compensation 284

Your Sales Management Guru

SEPTEMBER 22, 2014

Sales Leadership: How to Ensure You Exceed Your 2015 Quota. The end of the year is rapidly closing in and while everyone in your organization is focused on achieving their targets; as a sales leader it is crucial you are also focused on the new year. Evaluate your compensation plan. Is it competitive?

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Quota Sales Leadership Compensation Penetration 89

Highspot

OCTOBER 11, 2023

Building and Leading a High-Performing Sales Team Only 31% of sales managers had strong confidence in their sales team’s ability to meet key business objectives. Creating a high-performing team is a cornerstone of sales management success and requires excellent sales leadership.

Sales Management 59

Sales Management Strategy Lead Rank Lead Scoring 59

Xactly

MARCH 22, 2018

Most of the time when I speak about the middle performers, it is because I am trying to convince a sales leader that there is value in focusing on the middle performers rather than explaining the sales incentive tools available to increase their performance. Or, keep reading for more sales plan ideas.

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Compensation Motivation Commission How To 64

Hubspot Sales

APRIL 22, 2021

Historically, compensation planning has been relegated to an Excel file, particularly for businesses without the budget for prohibitively priced enterprise software. They saw many of these challenges in their 25+ years combined experience in front office and back office sales leadership.

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Hubspot Commission Compensation Incentives 85

The Spiff Blog

JULY 20, 2023

Most organizations recognize that their sales commission process isn’t perfect. Managing compensation is a complex undertaking, one in which the smallest error can create a domino effect of administrative labor and protracted troubleshooting. Potential: You continuously optimize sales compensation plans.

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Commission Compensation Scale Report 80

Sales Hacker

OCTOBER 9, 2019

Having said that, a top sales rep is accustomed to earning top dollar. While they may be incented into management with a higher upfront salary, their overall income often drops because the performance-based aspect of a typical sales manager’s compensation plan won’t allow them to earn what they used to as a sales rep.

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Promotion Sales Management Sales Leadership Hiring 68

Understanding the Sales Force

SEPTEMBER 9, 2013

Companies are spending more money on sales force evaluations, sales training, consulting, sales leadership development, sales process, infrastructure and sales recruiting services than 5 years ago. And selling has changed more in the past 5 years than ever before. Yes, it should. But there''s a problem.

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Sales Management Hiring Compensation Trends 288

Mindtickle

NOVEMBER 16, 2018

years ( data from Bridge Group Sales Development 2018 Metrics and Compensation Report ). This presents a few challenges for sales managers. Given the breadth of the role of sales manager, it’s simply not possible for them to know how to coach sales reps on everything. So what exactly is sales leadership coaching?

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Sales Leadership Coaching Sales Coaching Hiring 76

SBI Growth

OCTOBER 24, 2013

A post for Sales and HR Leaders to find root causes of Sales Manager (SM) vacancies. The Sales Manager position is the fulcrum between sales leadership strategy and sales force execution. Teams without effective sales managers lack morale and discipline. Poor compensation.

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Hiring Positioning Sales Management Compensation 292

Crunchbase

JANUARY 13, 2022

Assessment results are a powerful benchmarking tool to evaluate sales infrastructure before and after implementing specific changes. Here’s how sales leaders should respond regarding compensation, documenting sales processes, performance reviews, onboarding and training processes, and defining sales performance metrics.

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Compensation Insurance Insurance Sales Methodology 98

Xactly

JANUARY 17, 2019

Sales planning starts with executive and senior leadership working with sales to set goals and define where your organization wants to end up in the next year. With goals in hand, sales leadership must then assess and determine the needs and means to achieve those goals. Compensation plans. Territory design.

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Hiring Territories Incentives Incentive 70

Xactly

AUGUST 27, 2018

Today, in honor of Women’s Equality Day on August 26, we’re introducing Xactly’s newest addition to the executive team, Lisa Welch, VP of Enterprise Sales. Meet Lisa Welch, Xactly VP Enterprise Sales. Lisa Welch is a sales executive with more than 25 years of success building high-performance sales teams and exceeding quota.

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Sales Leadership Hiring Compensation Incentives 40

Hubspot Sales

MAY 9, 2022

That's why we put together a list of some key tips aspiring sales leaders can refer to as they find their footing as managers. Even the strongest, most refined sales leadership skills can only take you so far if the team you're leading is unruly, unmotivated, and underqualified. Clarify how your reps will be compensated.

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Lead Rank Sales Qualified Lead Lead Scoring Leads 98

Understanding the Sales Force

APRIL 4, 2013

Motivation - They don''t have the incentive (compensation) to justify the effort. If you would like to master the art and science of sales coaching, join me on May 14-15 in Boston for our highly-acclaimed Sales Leadership Intensive. Tired - Coaching is too boring for them to do it consistently.

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Coaching Sales Management Incentives Incentive 221

No More Cold Calling

FEBRUARY 4, 2016

B2C incentives work like magic. ” We grab every coupon and sales ad we can find, use Groupon for deep discounts on special events and luxury services, and take advantage of “refer a friend” offers any chance we get. .” Should You Give Incentives for Customer Referrals? What About Incenting Salespeople?

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Referrals Incentives Incentive Discount 120

Xactly

OCTOBER 1, 2018

As a sales leadership team, there are plenty of questions we ask ourselves to improve sales performance analysis and management, including: Are we setting up our teams for success? Despite the fact that we live and breathe incentive comp, we are not immune to the factors that affect every sales organization.

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Analysis Data Incentives Incentive 90

OpenSymmetry

OCTOBER 30, 2017

SPM technologies like IBM Incentive Compensation Management empower Sales Leaders by providing real time pay for performance information. This can include key metrics on their sellers and sales teams, products and services sold as well as the associated commissions and bonuses earned presented through dashboards.

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Commission Incentives Incentive Compensation 46

Your Sales Management Guru

NOVEMBER 14, 2011

Sales Leadership: Ten 2012 Sales Kick-off Meeting Idea’s. While working with a client last week it became obvious that we are moving into the time to prepare 2012 budgets, new compensation plans and something most sales manager’s don’t take enough time in developing; their 2012 Sales Kick Off meeting. .

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Sales Leadership Compensation Conference Meeting 67

Xactly

NOVEMBER 29, 2018

An integral piece in your sales performance management process is developing a compensation plan that is data-based and results-driven. Your compensation plan affects everyone and everything in your company. What’s your background and experience with sales compensation and planning? View Webinar. Marc: I agree.

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Compensation Territories Hiring Incentives 80

Understanding the Sales Force

JULY 20, 2014

Two of the results pointed to an article of mine from earlier in 2014 that answered the question, " How Many Sales Candidates are Worthy of Being Hired? ". It''s not quite as simple to figure out how many were actually hired but we have our ways. If your flow of resumes is poor, you are probably doing several things wrong.

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Hiring Real Estate Incentives Incentive 240

Sales Training Connection

AUGUST 3, 2013

Although there are a number of reasons at the margin for this dilemma, two are the main culprits – failing to develop a compelling compensation system and failing to help the sales team adapt and adjust their skills to selling the new product. Sales Compensation . Sales Coaching . Think about it.

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Compensation Incentives Incentive Coaching 105

Mindtickle

DECEMBER 6, 2023

Stretch goals are great, but they must be realistic, based on past sales data and sales enablement analytics. Step #4: Consider incentives Each member of your sales team should have a clear understanding of how they’re compensated based on individual and team performance.

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Sales Goal Cold Calling Churn Incentives 64

The Spiff Blog

AUGUST 25, 2022

In this section, we’ll look at some tried and true techniques to manufacture sales motivation when a rep’s natural supply just isn’t cutting it. Sales goals are often closely tied to sales performance and incentive compensation. The same goes for your sales organization. Set SMART Goals.

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Commission Compensation Motivation Intent Signal 78

Jeffrey Gitomer

MAY 22, 2011

There is an incentive for that person to maintain or improve his or her performance to stay at the top. KEY POINT OF UNDERSTANDING: Incentives and awards are economic stimuli of the first degree. In challenging economic times (how’s that for putting it mildly), sales are what will make a company recover. Real stimulus.

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Hiring Social Media Loyalty Incentives 291

Your Sales Management Guru

DECEMBER 26, 2017

At the same time, sales management is one of the most rewarding jobs in business when you know what to do and how to do it. This is what New Sales Manager Boot Camp is all about. In the course you’ll learn: Important time management strategies for sales leaders. How to motivate your sales team.

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Sales Management Hiring Sales Leadership Course 78