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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

A change of commission letter, although sometimes a legal requirement, is a tool used by employers to provide sales teams with written notice that changes are being made to how they earn money. These basics will serve as the foundation of your letter and as a reminder to employees about how you define and manage sales compensation.

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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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How to Avoid False Advertising and Misleading Claims with Legal Translation

Pipeliner

Utilizing Technology and Tools like Translation Memory Systems GALA Global discusses the benefits of using Translation Memory Systems (TMS) for enhancing efficiency and consistency in translation. Remedies may include refunds, compensation, and corrective advertising.

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Skill vs. Will: When Skill Just Isn’t Enough in Sales

The Spiff Blog

The skill vs. will matrix is a tool developed by Paul Kersey and Ken Blanchard. 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.

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No More Quotas, No More Commission: Sales Without SDRs

Sales Hacker

A better way to compensate instead of commission. It’s a model from 20 years ago that people are still running today, despite changes in how buyers are buying and technology and marketing and sales know-how and all the tools that we have and everything like that. What You’ll Learn. The problems with the SDR to sales handoff.

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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?