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3 Keys to Building an Effective Commission Plan

The Spiff Blog

Perhaps you’re an 8-year-old business focusing on retention– or maybe you’re finally in a phase of sustainable growth. But remember that while the execs are driven by revenue and low customer churn, your sales reps are driven by their incentive compensation plans. Why are you changing the incentive compensation plan?

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Sales Planning Fundamentals Part Four: Territory Planning

Xactly

Accurate quota allocation impacts your team’s ability to achieve their anticipated incentive compensation. This, in turn, affects rep satisfaction and—ultimately—the retention of your top performers. Sales leaders sometimes look to NFL cities as a guideline to create territories. Why You Need Data to Draw the Lines.

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The Ultimate Guide to Channel Sales

Hubspot Sales

For example, HubSpot’s marketing agency partners help small businesses take full advantage of HubSpot’s marketing software. Although training a partner requires more time and resources, it also gives them an additional incentive to work with you. Retention rates for partner sales versus direct. 3) Offer extra rewards.

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A Guide to Promoting A Diverse & Inclusive Hiring Process

The Spiff Blog

At Spiff, transparency is baked into everything we do, from the software we build, to the way our team operates. This is equally true with hiring as it is with employee retention. That’s why we’ve committed to documenting and sharing our progress and intentions when it comes to cultivating a diverse and inclusive hiring process.

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The 6 Key Elements of an Effective Sales Contest

Hubspot Sales

This encourages your sales team to find opportunities to make additional sales with current customers, such as additional software or a larger subscription plan. Retention Contest. This encourages your sales team to boost your customer retention and, therefore, your ROI. Winner's Choice. Sales Contests = Sales Results.

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23 Ideas for Improving Employee Morale in the Workplace

Xactly

Download the "2018 Sales Compensation Administration Best Practices Executive Guide," for incentive compensation trends, best practices, and tips to drive the right sales behaviors to kickoff your sales compensation planning. And yes, there is such thing as idea management software if you wanted a better way to track ideas regularly.

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How to Develop a Winning Sales Compensation Philosophy

The Spiff Blog

How you pay sales reps depends on the way you design your comp program, what metrics relate to what incentives, and so on— all the details we’ve covered in many past articles about comp plan design. Recommended reading: The Sales Commission Software Buyer’s Guide [Checklist] 2. What is a sales compensation philosophy?