The Spiff Blog

SEPTEMBER 7, 2023

These pillars include organizational alignment, robust reporting, ongoing professional development, incentive compensation, and sales enablement. When it comes to sales performance management, if your goals are your destination, reports and analytics are the GPS you need to get there. ” And, it’s true!

Incentives 83

Incentives Incentive Scale Compensation 83

The ROI Guy

JULY 29, 2015

Value Selling & ROI Tools are a key characteristic of innovative organizations, and as with other Sales Tools, the majority indicates that Value Selling & ROI Tools can contribute to significant revenue growth. A whopping 88% of study participants reported a positive impact on revenue from Sales Tools.

ROI 83

ROI Tools Compensation Territories 83

Xactly

APRIL 9, 2018

Building a successful sales compensation plan carries an incredible amount of responsibility for compensation planning teams. Finding the right mixture of compensation requirements is no easy feat, but luckily, it doesn’t have to be a time-consuming task. Sales Compensation Manager. Time in sales compensation: 20+ years.

Compensation 70

Compensation Incentives Incentive Commission 70

Hubspot Sales

JULY 22, 2020

In reality, sales professionals and managers need to have access to the best available sales planning tools to help them boost sales productivity and close more and bigger deals. Sales Productivity Tools. The HubSpot Sales Platform gives sales professionals the tools they need to sell more deals faster in one integrated suite.

Tools 118

Tools Closing Territories Hubspot 118

Xactly

JANUARY 2, 2019

The sales planning process can become quite complex, especially when it comes to designing sales compensation plans. Ultimately, the new compensation and incentive plans must successfully motivate the right sales behaviors to achieve goals, all while driving growth. Time in sales compensation: 4 years. Who: Robert Walters.

Compensation 69

Compensation Incentives Incentive Commission 69

Hubspot Sales

AUGUST 22, 2022

While this can be accomplished by most of the strategies in this report, a few we haven’t touched on are sales enablement content, freemium/free trial options, discounts and promotions, and down-selling. Many of these issues stem from a lack of communication, disparate tools, and difficulty sharing data. Sales Enablement Content.

Trends 90

Trends Report Data Strategy 90

The Spiff Blog

AUGUST 22, 2023

For maximum efficiency, the tools that make up your RevOps tech stack— including CRMs, sales enablement tools, analytics and reporting platforms, and so on— must offer the necessary automation and customization capabilities to support agile RevOps strategies. Maybe a tool no longer aligns with current workflows.

Strategy 74

Strategy Compensation Commission ROI 74

Xactly

MAY 7, 2018

Sales compensation is one of the most important components of sales planning. Sales operations and compensation professionals must compile a team to piecing together metrics and goals, which carries an incredible amount of responsibility. Time in sales compensation: 11 years. Position: Sr. Business Systems Administrator.

Compensation 49

Compensation Incentives Incentive Networking 49

The Pipeline

MAY 13, 2011

Reports of the Death of the Salesperson Are Greatly Exaggerated. Create campaigns for the sales team that, rather than offering “once-in-a-lifetime” discounts or “check-in,” instead offer a report with valuable data. RT @renbor Reports of the Death of the Salesperson Are Greatly Exaggerated [link] #sales #b2b. September 2008.

Report 244

Report Pipeline Top of Funnel Webinar Metrics 244

Xactly

JUNE 7, 2018

Incentive Compensation Management (ICM) solutions help companies manage their sales compensation plans and calculate commission payments. Today’s ICM solutions are aimed at optimizing more than just sales compensation, focusing on end-to-end sales performance management (SPM).

Compensation 60

Compensation Incentives Incentive Data 60

Xactly

SEPTEMBER 20, 2018

From territory planning to sales team organization, to sales coaching and leadership strategies to sales compensation planning, each element helps to create a strong sales plan. Sales Compensation is one of the most important steps because it drives sales behaviors and ultimately helps your company reach its goals. Who: Robert Felberg.

Compensation 40

Compensation Incentives Incentive Lead Rank 40

Sales Hacker

DECEMBER 12, 2017

With increasing focus on grit and many claims of meritocracies in organizations across the country, why does variable pay compensation even exist? On top of that, why are sales people some of the few employees subject to variable compensation structures? What is Variable Pay Compensation Anyway?

Compensation 79

Compensation Hiring Incentives Incentive 79

The Spiff Blog

SEPTEMBER 28, 2023

But, if you fail to do your due diligence when evaluating commission solutions, you might end up with a tool that doesn’t suit your needs, never gets fully onboarded, isn’t helpful for commissioned employees, and exacerbates your inefficiency and inaccuracy issues. The scope and reliability of each platform’s native integrations.

Commission 81

Commission Software Software Scale 81

Janek Performance Group

MARCH 12, 2024

Many sales professionals often don’t receive the crucial tools needed for success right away. In addition to regular training sessions, coaching, and job shadowing, you should teach every salesperson how to leverage technology and use it as a tool to keep track of data and accelerate the sales process. Focus on those.

Hiring 62

Hiring Sales Talent Compensation Lead Rank 62

Sales and Marketing Management

OCTOBER 9, 2019

One way to support them is through AI-powered sales tools. But AI-powered new lead gen tools, such as Salesforce’s Einstein, are replacing customer-mining tasks, leaving salespeople free to pursue prospects and other high-value tasks. Bringing the benefits of the gig economy into your sales and compensation strategy will reap rewards.

Lead Rank 254

Lead Rank Incentives Incentive Nonprofit 254

Mindtickle

APRIL 15, 2024

Sales enablement (also referred to as revenue enablement ) is the practice of equipping sellers with the information, content, and tools they need to be effective and efficient in their roles and achieve their sales quotas. In addition, both teams typically report to the Chief Revenue Officer. What is sales enablement?

Sales Operations 52

Sales Operations Sales Enablement Scale Quota 52

Highspot

OCTOBER 11, 2023

Reporting and Analysis They collect and analyze sales data to identify trends, assess the effectiveness of sales strategies, and make data-driven decisions. Incentive and Compensation Strategies Compensation, quotas, and incentives help attract top talent and motivate them.

Sales Management 59

Sales Management Strategy Lead Rank Lead Scoring 59

The Spiff Blog

OCTOBER 6, 2022

But remember that while the execs are driven by revenue and low customer churn, your sales reps are driven by their incentive compensation plans. What are you trying to achieve with this compensation plan? Different strategies in compensation can help in each of these scenarios and more. . Prioritize a positive sales culture.

Commission 75

Commission Compensation Churn Incentives 75

Hubspot Sales

OCTOBER 2, 2019

In 2018, the average sales professional tenure was reported to be 1.5 When your sales reps are building the skills they need to feel prepared and successful in their roles, they are more likely to report job satisfaction and feeling valued by their employer — factors that make them less likely to jump ship.

SAP 128

SAP Oracle Compensation Territories 128

SBI Growth

OCTOBER 12, 2013

Setting Quotas, territory structures, headcounts and total compensation budgets are examples. Get our 7th annual research report and see how the best are evolving. As the primary team responsible for sales tools, it’s time to re-evaluate. Providing a process and tools that align sales activity to buyer actions works.

Buyer Persona 310

Buyer Persona Territories Compensation Buyer 310

OpenSymmetry

JUNE 8, 2017

In this blog series about the consulting approach to reports in an incentive compensation management (ICM) tool, or any other commissions management tool, we’ve explored the overarching design rules of thumb , as well as formatting and visual best practices for intuitive report navigation. These tips include: 1.

Report 46

Report Maximizer Tools Incentives 46

The Spiff Blog

MAY 31, 2022

After all, does your organization really need to sink even more money into sales compensation ? You need a proper commission management software to effectively future-proof your compensation strategy, so your team can run like a well-oiled machine— rain or shine. The short answer is, yes. Spreadsheets are inefficient.

Resources 83

Resources Commission Compensation Hiring 83

DiscoverOrg Sales

NOVEMBER 6, 2018

Compensation. At Mulesoft, Kingsley notes, the real estate team was also reported up through HR. compensation strategy and delivery. Compensation strategy. HR information system (HRS) and cultural health tools. Workplace services. Recruitment. New employee orientation. Non-physical work environment.

Resources 224

Resources Decision Maker Compensation Vendor 224

Mindtickle

MARCH 19, 2018

This can make introducing new sales readiness tools particularly difficult. To ensure the new tool didn’t distract their salespeople and actually helped them to sell better sooner, they implemented a four-step approach to address the change. Top-performers engaged with the tool first. Roll it out to the rest of the sales force.

Hiring 52

Hiring Tools Face-to-face Incentives 52

Mindtickle

MARCH 19, 2018

This can make introducing new sales readiness tools particularly difficult. To ensure the new tool didn’t distract their salespeople and actually helped them to sell better sooner, they implemented a four-step approach to address the change. Top-performers engaged with the tool first. Roll it out to the rest of the sales force.

Hiring 52

Hiring Tools Face-to-face Incentives 52

Zoominfo

AUGUST 8, 2022

The Global Workforce of the Future report found that compensation and upskilling opportunities were some of the biggest factors in their decision to switch jobs. Equipping them with the tools and information to progress in their career promotes workplace happiness, employee productivity, and overall engagement.

Hiring 130

Hiring Top of Funnel Promotion Compensation 130

Xactly

JUNE 11, 2018

For instance, the CFO must keep accurate finance records to be used in reporting of the company’s financial status. For example, several departments can work on accounting and reporting, while the CFO focuses on the bigger picture. Given the wide range of job responsibilities, CFOs also need the best CFO tools at their disposal.

Software 54

Software Software Tools Scale 54

Hubspot Sales

APRIL 11, 2023

Lack of Compensation For starters, many salespeople report a lack of compensation as one of the top reasons they leave their employers. times more likely to contribute to attrition than compensation. Remember, benefits stretch beyond just compensation and health insurance. Leverage tools that save your team time.

Churn 122

Churn Hiring Survey Hubspot 122

BuzzBoard

DECEMBER 8, 2023

Sellers struggling amidst misaligned compensation plans devised by a remote corporate headquarters; constant last-minute shuffle of account assignments break continuity as managers desperately plug unexpected gaps. In short, more data breadth without proper tools to cut through the noise ultimately leads to analysis paralysis.

Scale 89

Scale Infusion Face-to-face Analysis 89

The Spiff Blog

APRIL 27, 2023

Motivation and compensation are tough to nail under normal circumstances and are even trickier during tough times. In this article we plan to resurface a few well-known, but often overlooked, principles of compensation and motivation that can boost you and your team during these tough times. Do you have real-time data and reporting?

Motivation 75

Motivation Hiring Compensation Incentives 75

LeadFuze

JULY 7, 2023

We’ll also look at how technology can aid in managing your sales targets efficiently with tools like ClickUp’s Goals software and lead management systems. Tools like Google Analytics are your trusty sidekick, providing detailed reports to help you crack the case. So, why do we need these goal-setting strategies?

Sales Goal 52

Sales Goal Churn Incentives Incentive 52

Guru

APRIL 7, 2020

Sales operations ensures that your sales infrastructure — like the CRM system, compensation and incentive plans, KPI reporting, and proposal and contract management — run seamlessly. Alternatively, sales enablement means providing sales teams with the tools, training, support and feedback they need to effectively sell.

Sales Operations 62

Sales Operations Sales Enablement Incentives Incentive 62

Sales and Marketing Management

JUNE 14, 2020

According to the 2019 National Compensation Survey from the Bureau of Labor Statistics, only 7% of civilian workers in the United States had access to a flexible workplace benefit, pre-pandemic. In addition, the report states, there will be a significant upswing in WFH adoption by those who did not work remotely until the pandemic.

Face-to-face 194

Face-to-face Policies Journal Call-back 194

Zoominfo

APRIL 7, 2020

Compensation. At Mulesoft, Kingsley notes, the real estate team also reports to HR. HR Information System (HRS) and Cultural Health Tools “One technology that we’re looking at is feedback tools to help employees give and get feedback in the organization,” says Kinglsey. Workplace services. Recruitment.

Resources 130

Resources Decision Maker Compensation Vendor 130

Allego

DECEMBER 14, 2021

At a recent Allego webinar, Josh Bersin , global HR industry analyst, and Kathi Enderes , Vice President Research at The Josh Bersin Company, and I discussed the findings from a recent report: The Sales Employee Experience: Driving Collaboration, Community, and Outcomes. Compensation, while important, has less return than many expect.

Face-to-face 145

Face-to-face Scale Hiring Survey 145

Understanding the Sales Force

APRIL 16, 2012

I reviewed the 2012 Sales Performance Management Report, published by the Aberdeen Group and gleened some interesting statistics. The report's goal was to show that the practices of the best in class companies were different, even better, than both the average and the below average companies and it achieved that goal.

Hiring 188

Hiring Territories Compensation Forecasting 188

The Spiff Blog

NOVEMBER 10, 2022

Aside from the obvious benefits of increased motivation and less manual reporting, leading commission tracking tools also provide transparency into the actual calculations behind the numbers. By using a commission tracking tool, those changes are handled with just a few clicks. About Spiff. See Spiff in action!

Commission 75

Commission Scale Compensation Software 75