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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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Creating the Ideal Performance Culture

SBI Growth

Performance culture is studied in depth in our 2014 Research Tour. Those reps were covering an extensive territory and large customer base. Incentive Programs. Does your comp plan incent behaviors that will get you to your number? Consider the metrics that will drive your top 3 sales objectives for the year.

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How to create an effective sales plan: Tips and examples

PandaDoc

Studying examples of sales plans can help illustrate this, so let’s look at an example sales plan excerpt now. Sales objectives In this example of a sales plan, the sales objectives could be to simultaneously increase sales by 25% and to acquire 10 new customers in the first year of operation. Why did you start your business?

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Five Essential Strategies for Setting Aggressive but Attainable Sales Targets

Miller Heiman Group

According to CSO Insights’ 2018-2019 Sales Performance Study , only 54 percent of salespeople are making or exceeding quota. Yet, there is an objective way to set quota that incorporates high-level organizational goals while also meeting the realistic expectations of individual sellers. Organizations aren’t setting quotas effectively.

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Is Your Compensation Plan Evolving with the Company?

SBI Growth

If you decide on #2, here's how to objectively evaluate your compensation plan: Look at your role responsibilities and find the comparable positions at your competitors. Sign up for the Q3 Research Study Tour here and get our Sales Compensation Assessment Scorecard to help with this evaluation. Compare your programs.

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A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Tactics may have changed, but for the most part these sales teams still run on a commission or quota based metric determined by well-planned territories. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics.

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A Forthcoming Shift of Pharmaceutical Sales Compensation Plans?

OpenSymmetry

Tactics may have changed, but for the most part these sales teams still run on a commission or quota based metric determined by well-planned territories. In some cases, incentive compensation (IC) methods have evolved to align with new regulations regarding specific sales metrics.