The Spiff Blog

JANUARY 12, 2022

Compensation strategy is a core factor that plays a role in any business’s ability to be successful. Often, when “bigger” issues arise, we tuck our compensation strategy away in the back of our minds and promise to revisit the topic when we have the time. Applying this Model to Your Sales Compensation Strategy.

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SBI Growth

JANUARY 19, 2018

Don’t over-compensate the Sales team. You are launching a new product this quarter. As CEO, you ask yourself a question. How are we going to make the year 1 goal with this new product?”. Here’s an answer based on experience.

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Crunchbase

JUNE 17, 2022

If your compensation plan doesn’t motivate team members to hit their numbers and stay with your organization, you won’t see business success. A sales compensation plan is more than just commissions—it’s the total package. 4 things to include in a sales compensation plan. Is your compensation plan capped? Commissions.

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Sales Hacker

OCTOBER 19, 2022

Sales compensation planning can be a tricky beast to tame — but know that you’re not alone. Then, I’ll help you take it to the next level with QuotaPath’s newest free resource — our Compensation Hub. Then, I’ll help you take it to the next level with QuotaPath’s newest free resource — our Compensation Hub.

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The Spiff Blog

SEPTEMBER 1, 2022

If you’ve worked in sales, revenue operations, or finance for any amount of time, I don’t have to tell you how important sales compensation is. You already know the right sales compensation plan can motivate your team, improve their performance, and boost overall job satisfaction. So, what makes a good sales compensation plan in 2022?

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The Spiff Blog

JANUARY 19, 2023

Whenever I’m talking about variable compensation I usually end up saying some version of the same cheesy line. Compensation strategy is no different from any other business strategy, which means things change. Over the past four years, I’ve talked to hundreds, maybe even thousands, of people about sales compensation.

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Sales and Marketing Management

MARCH 27, 2019

Author: Mike DeLeonardis, President, North America at beqom Seventy-nine percent of companies say that increasing sales productivity is a strategy they’re using to reach growth targets in 2019, but actually meeting this goal may be a challenge as only 35 percent of average-performing sales reps’ time actually goes to selling.

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LeadFuze

JULY 4, 2023

Understanding how to compensate structure real estate teams is a critical aspect of running a successful agency. A successful real estate agency requires a well-conceived compensation structure to attract the top talent and motivate them to do their best, resulting in increased profitability. How do splits work on a real estate team?

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Hubspot Sales

DECEMBER 29, 2021

That's why several companies leverage something known as incentive compensation : the practice of offering financial rewards for professional excellence. Incentive compensation plans often provide an effective avenue for sales leadership to motivate their teams and encourage overperformance. Incentive Compensation Examples.

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Sales Hacker

APRIL 19, 2022

In this article, I’ll outline the principles of compensation design , how to build sales compensation plans , and include resources to set OTEs and quotas that keep your reps happy and hungry for more. Bravado’s 2022 State of Sales Compensation Guide showed that 54 percent of reps missed their quota.

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Sales Hacker

MARCH 30, 2023

If you’re new to sales (or don’t have an economics degree), decoding the sales compensation plan on offer can make your head spin. I have over a decade of sales compensation and strategy experience, including my new course, The Practical Guide to Sales Compensation. What’s the pay mix in this compensation plan?

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Canidium

MARCH 20, 2020

There are many things that go into your sales operations, and compensation planning can be one of the biggest challenges. With the right sales compensation methodology, you can get your operations right the first time. This can ultimately help you increase teams performance, retain top talent, and align strategy to corporate goals.

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Sales Hacker

SEPTEMBER 27, 2022

He’s an expert in the sales world, particularly in revenue operations and incentive compensation. Building a compensation structure that works for both salespeople and the company. Building a compensation structure that works for both salespeople and the company. Best practices for designing compensation structure [07:00].

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Canidium

SEPTEMBER 26, 2023

In enterprise-level companies, success hinges on complex organizational structures, extensive sales teams, and multifaceted compensation strategies. Scalability, customization, and precision are not just advantages but imperatives.

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Canidium

DECEMBER 5, 2019

Compensation planning is an integral part of sales operations. Of course, money is one of the greatest motivators, but a compensation plan is more than money. The purpose of a compensation plan is to align your corporate strategy with your customer experience (CX) and sales strategy.

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Sales Training Connection

DECEMBER 5, 2012

Sales Compensation + Sales Strategy. Sales compensation systems and sales strategy have long been established factors that impact sales performance. There are countless books and articles on sales strategy. In some companies, the compensation plan had not kept current with changing drivers of success.

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Canidium

JANUARY 24, 2020

The best sales compensation plans are more than just money or a way to pay your sales reps. Sales compensation is a powerful lever to help companies align corporate goals with customer experience (CX) and sales strategy and ultimately selling behaviors. Not sure how to create a sales compensation plan?

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Pointclear

SEPTEMBER 10, 2013

If this is true, and no one has refuted me yet, why isn’t marketing management (and everyone in the marketing department) compensated in some manner on revenue the same way sales people and sales management are paid? In my opinion, it’s for this “generated interest” that they should be compensated. Is this good or bad?

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The Center for Sales Strategy

FEBRUARY 17, 2021

Partner and VP Senior Consultant Stephanie Downs and VP Senior Consultant Emily Estey at The Center for Sales Strategy, joined Matt Sunshine to discuss the Sales Department Structure section of the Media Sales Report, specifically looking at data on sales department size and compensation of sellers.

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Janek Performance Group

SEPTEMBER 20, 2021

A sales organization’s compensation plan can be an important driver of success. Recently, Janek Managing Partner Nick Kane joined Tanner Lacey, the Co-Founder and Director of Go-to-Market Strategy at Spiff, a leader of sales compensation software and commission tracker, for an informative webinar.

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SBI Growth

MARCH 16, 2017

Today’s topic is incentive compensation planning to hit your revenue goal. Joining us for today’s show is Eric Schwab, a Chief Revenue Officer who knows a thing or two about revenue growth. To follow along download our 10th annual workbook, How.

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Hubspot Sales

OCTOBER 16, 2017

Sales compensation is one of the trickiest aspects of the sales organization to get right. How sales compensation should work. A sales compensation plan operates from a basic principle: Money drives behavior. So before you can craft or adjust your sales compensation plan, you must know your business objectives for the next year.

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SBI Growth

AUGUST 29, 2012

If you’re allowing the HR team to drive Sales Compensation strategy and design you could be making a serious mistake. The VP of Sales must own the decision on who will be determining sales compensation. Why then would you allow HR to contract with a generalist compensation company to design your sales compensation?

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SBI Growth

SEPTEMBER 20, 2012

What about the sales compensation plan? Therefore, creating proper performance conditions will ensure sales reps: Maintain alignment with corporate strategy. To learn more about sales enablement and obtain our product launch sales compensation checklist sign up for our Q3 Make The Number Tour. Focus on new product sales.

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Sales Hacker

JULY 14, 2023

Noah Marks , VP GTM Strategy & Operation at Udemy : SDR: 70/30. sometimes (like ~99%) people aren’t willing to do the work to make it stick Dan Shaw , CEO at GhostRetail : The most common recommendation I see from boards re: CRO compensation is to keep them focused on top line. Measured by qual opportunities per month.

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The Spiff Blog

AUGUST 22, 2023

We offer six specific RevOps strategies that reduce costs and ultimately drive revenue– even if you have limited resources. The RevOps Essentials Before we get into the specific strategies, there are a few prerequisites to making these strategies work. Many of these strategies are built upon insights derived from data analysis.

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Zoominfo

DECEMBER 23, 2021

As the process of hiring talent becomes increasingly digitized, savvy recruiters are using technology and strategies common in sales and marketing, to power a stronger recruitment process. Here, we examine the digital recruiting funnel and identify tech strategies that recruiters can adopt to drive better outcomes for their business.

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Highspot

OCTOBER 11, 2023

Read on as we break down why strong sales management matters, along with proven strategies to achieve it. They act as the bridge between the sales department and upper management, ensuring that sales strategies are implemented effectively and results are measured accurately.

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Xactly

MAY 24, 2018

Sales compensation is one of the most costly investments enterprises make every year. From our years in the compensation space, we’ve found that 45% of compensation plans actually drive the wrong sales behaviors. In other words, 45% of the time, compensation plans are leading to missed selling opportunities.

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Sales 2.0

OCTOBER 25, 2021

Although this is a vital part of a sales manager’s role, they also need to reserve some time for thinking and planning to set goals and strategies accurately. Territories : Sales territories need to be designed to support these goals and strategies.

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Miller Heiman Group

MAY 12, 2020

Compensation is also a concern for close to 100% of sales organizations as they figure out how to handle grounded sales teams, who are relegated to holding video conferences with prospective customers that have their own worries, including shrinking budgets and diminished financial outlooks. Set Up an Incentive Compensation Relief Committee.

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Jeffrey Gitomer

JANUARY 14, 2013

Mark Donnolo knows the strategies and the formulas that work. What Your CEO Needs to Know About Sales Compensation , will balance the books, the compensation, the profit, the morale, the retention, and the growth. You cannot afford to overpay or underpay salespeople.

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Xactly

OCTOBER 17, 2018

You may feel we’re being a bit too generous here with the word “party,” but considering how much we love flawless incentive compensation, we think a celebratory vibe is just what your planning committee really needs. So, how do you know if you have the right mix of attendees for your incentive compensation planning party?

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Hubspot Sales

APRIL 27, 2021

Here, we'll take a closer look at what a territory manager does, the skills they're expected to have, how they're compensated, and the emerging practice of online territory management. They develop sales strategies tailored to their territory. The Awareness and Analytical Skills to Determine Whether Sales Strategies Are Working.

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SBI Growth

OCTOBER 4, 2019

As Summer wraps up and a successful third quarter draws towards a close, it’s time for sales leaders to start looking towards 2020 and beyond as part of the annual planning process. Amongst the plethora of reports and discussions to.

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SBI Growth

JUNE 9, 2021

In years past, if you wanted to build out or strengthen your sales organization, you could simply offer higher compensation than your competitors. The higher sales cost would be greatly outweighed by the revenue that high-performing sales professionals would drive.

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Anaplan

JUNE 12, 2018

This story was originally published in The Reward Quarter, Issue 21 All too often, sales compensation programs are the “tail that wags the dog.”

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