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How to be Indispensable as an Incentive Compensation Manager

The Spiff Blog

As an incentive compensation manager, you hold a critical role that keeps your organization running. What does an incentive compensation manager do? First, let’s cover the primary responsibilities of an incentive compensation manager. Recommended reading: A Foolproof Framework for Better Incentive Communication 2.

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How to Train a Sales Team on Products: Use Modern Software, Not Old-Fashioned Training Techniques

Bigtincan

The solution, in our experience, is modern training software that allows sales reps to find and review product information exactly when it’s needed by using techniques like just-in-time learning (reps can look up answers as needed) and microlearning (short lessons for improved knowledge retention). Incentivize Training On Your Existing LMS.

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2023 Sales Comp Planning: A Conversation with The Alexander Group

The Spiff Blog

As we start planning for 2023, the only thing we’re certain of is that we’re in rocky territory– some organizations more precariously positioned than others. After our conversation with the Alexander Group, we came away with an action item. Our conversation made it clear just how important it is to remember the basics of comp planning.

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20 Sales Planning Tools to Boost Sales Productivity and Close More Deals

Hubspot Sales

Ciara streamlines your sales conversation workflow by transcribing calls and summarizing the conversation. Anaplan provides several cloud-based planning tools for sales: territory and quota planning, incentive compensation planning, sales forecasting, configure price quote optimization, and trade promotion planning.

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How to Design a Sales Manager Compensation Plan (With Examples)

Xactly

In fact, the best way to ensure sales managers do their job well is by creating an incentive plan that drives the right behaviors. Download our "Ultimate Guide to Sales Compensation Planning" for incentive best practices and everything you need for a sales comp plan design project. Annual Target Incentive. On-Target Earnings.

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The Sales Leader's Guide to Performance Management

Hubspot Sales

Having clear, visible goals and incentives builds well-rounded sales professionals. Conversely, if your entire team is hitting or surpassing quota without question, your goal may be too conservative. Conversion Rate - The percentage of leads each rep converted to paying customers. Sales Performance Management Software.

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3 Keys to Building an Effective Commission Plan

The Spiff Blog

But remember that while the execs are driven by revenue and low customer churn, your sales reps are driven by their incentive compensation plans. For example, a HubSpot salesman wrote in Harvard Business Review about the success of their incentive compensation plan during their “hunting” phase. Prioritize a positive sales culture.