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2022 Sales Compensation Trends: Notes from the WorldatWork Conference

Sales Hacker

Scott Barton, Varicent’s VP of Industry Solutions & 20-year sales compensation industry pro, attended WorldatWork’s 2022 Sales Compensation Conference. The field is growing: 40% of conference attendees were first-timers. WorldatWork’s sales comp conference is the premier event for sales compensation professionals.

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Serving Others Never Goes Out of Style

Sales and Marketing Management

Helping others as a team is invigorating and bonding, which is why corporate social responsibility (CSR) continues to be a popular component of offsite meetings and incentive travel programs. Comparing the results from 2015/2016 with 2017/2018, CSR is actually up two points across all regions.

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Sales Incentive Optimization

OpenSymmetry

The Journey to Sales Incentive Optimization. The recent e-Reward conference in London (May 12 2016) had a number of important messages for the Compensation and Benefits community. The conference emphasised a strategic approach from two perspectives. Sales Incentive Design. Incentivising Salespeople. Technology Progress.

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X Factor Compensation Leaders: How to Be Incredible at Incentive Planning (Nuance Communications)

Xactly

Ultimately, the new compensation and incentive plans must successfully motivate the right sales behaviors to achieve goals, all while driving growth. After close to a year, we decided that Express was not flexible enough to handle our complex plans and increasing number of reps, so we decided to implement Xactly Incent in 2015.

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Bold predictions about what WFH will beget

Sales and Marketing Management

A FirstBase blog post entitled “65 Predictions About the Future of Life and Work” offers some bolder predictions about how the WFH shift will permanently impact work life. Editor’s note: This creates an opportunity for employers to be more creative with non-cash incentives and rewards tailored to each employee’s interests.).

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Survey Results Validate Need for Transparency and Automation in Incentive Comp

OpenSymmetry

At this year’s C3 Conference , hosted by CallidusCloud, we conducted a quick survey among some of the attendees. As it relates to operational challenges pertaining to period-to-period incentive compensation processing, the following three challenges emerged from the survey results: Limited reporting. Absence of scalability.

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Capturing the Yeti: Calculating and Optimizing the ROI of Your Sales Incentive Plan

OpenSymmetry

Much like the elusive yeti, the identification of Return On Investment (ROI) for a sales incentive plan is believed to exist by enthusiasts from the sales compensation design team, but met with much skepticism by others, namely the Finance department. So how do you prove the existence of ROI in your sales incentive plan proposal?