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A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Sales in the pharmaceutical industry has been a rigid and consistent business. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics. The Patient Protection and Affordable Care Act (PPACA) required similar adjustments for medical device sales.

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A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Sales in the pharmaceutical industry has been a rigid and consistent business. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics. The Patient Protection and Affordable Care Act (PPACA) required similar adjustments for medical device sales.

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X-Factor Compensation Leaders: How to Be Incredible at Incentive Planning (Allergan)

Xactly

Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. Allergan is a leading pharmaceutical company headquartered in Dublin, Ireland. Creating Quotas, payout tiers and sales price ranges is key.

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X-Factor Compensation Leaders: How to Be Incredible at Incentive Planning (Allergen)

Xactly

Those who work to create a plan for their company must develop a compensation process and incentive plan that will motivate the right sales behaviors to achieve goals, all while driving growth. Allergan is a leading pharmaceutical company headquartered in Dublin, Ireland. Creating Quotas, payout tiers and sales price ranges is key.

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MBO Examples to Kickstart Your Sales Team Engagement

Xactly

Management by Objectives, aka MBOs, are goals set for employees to improve overall sales performance, as agreed up on by sales manager and rep. Have you translated an organizational goal to an employee objective? It is manager and employee working together to break those goals down into smaller objectives.

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What is the Best Commission Strategy to Motivate Sales Reps?

Xactly

However, a smart sales compensation strategy overcomes the Principal-Agent Problem, and it drives the right sales behaviors, inspiring reps to adopt and express desired business objectives in all their customer interactions. They’re useful when you want to apply multiple components—or performance measures—to an incentive plan.

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The Achilles Heel of CRM Adoption (and 2 Ways to Overcome it)

SBI

With Leveleleven, you can create a contest based on any Salesforce object. Truly mobile B2B sales organizations, like those of retail merchandisers and pharmaceutical companies, need to be much more agile and results-ready than laptop computers equipped with CRM allows them to be. No more waiting for laptop systems to boot-up.

CRM 133