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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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Sales Planning Fundamentals Part Four: Territory Planning

Xactly

In today’s post, I’ll talk about territory planning. Territory planning represents the foundation of sales performance management (SPM). You must have the right territory design in place to accurately allocate quotas. Accurate quota allocation impacts your team’s ability to achieve their anticipated incentive compensation.

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How to Optimize Sale Territories for a Strategic Advantage

Xactly

Effective territory design is the basis of strategic sales planning. Balanced territories allow you to set fair quotas, which have a huge impact on your incentive compensation and success of your salesforce. Ultimately, if your sales territories aren’t optimized, you hinder sales reps’ motivation and performance.

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[Webinar Recap] Enhance Your Workforce Culture and Sales Performance through Incentive Compensation

Xactly

In the recent 2018 mid-market sales incentive study, CFO Alliance reviewed the relationship between Sales and Finance departments—and how this partnership can positively impact a company’s revenue potential. The study in review was distributed to more than 7,000 CFO Alliance members. Incentive Compensation. Watch Webinar.

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4 Reasons to Automate Your Sales Commission Process

The Spiff Blog

With sales commission software, finance and RevOps teams can also spend less time manually compiling and distributing end of month commission statements since the data is available in real-time. Sales managers can also motivate their teams based on metrics like quota attainment , commission earned, and more! See Spiff in action!

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Sales commission structures explained

PandaDoc

So what can possibly be a better incentive than a performance-based bonus? Territory volume Territory volume is a commission paid off based on revenue from a specific region. The commission is equally distributed between all sales reps assigned to a particular area. Well, offer more and bigger incentives!

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Is Your Compensation Plan Evolving with the Company?

SBI Growth

of Your Reps Receiving Incentive Compensation. % Payout Distribution (Are your top reps making 3X as much variable compensation as your “C” Players?). Setting new quotas in-line with both territory potential and growth targets. Variable Pay Mix at 100% Quota Attainment vs the Competition. of Your Reps At or Above 100% Quota.