article thumbnail

3 Must-Haves When Designing a Modern Sales Incentive Program

Crunchbase

In a recent study of sales professionals, 67% reported that they are close to experiencing burnout. Incentives serve as a form of acknowledgement of an employee’s hard work and can make reps feel a sense of belonging. The right kind of incentive can even reduce stress in the form of extra days off or relaxing experiential rewards.

article thumbnail

Incentive Compensation: What It Is & How to Structure a Plan

Hubspot Sales

Incentives are natural motivators — and sometimes, some "natural motivation" is exactly what your salespeople need to perform to the best of their abilities. That's why several companies leverage something known as incentive compensation : the practice of offering financial rewards for professional excellence. Annual Incentives.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Group travel is down, but not out

Sales and Marketing Management

Author: Paul Nolan According to an April survey by the Incentive Research Foundation, the top concern about participating in work or reward-related travel was the threat of an epidemic/pandemic at 33%, followed closely by severe weather at 29%. Incentives interrupted. This begs the question, what’s up with the weather scaredy-cats ?

Travel 218
article thumbnail

6 steps to adapt effectively

Sales and Marketing Management

McKinsey & Company offers these steps for B2B sellers to pivot effectively. Optimize your e-commerce channel to give buyers ease and convenience, and make sure all your sales channels are integrated and incented to collaborate with each other. Click on any of the articles below to read more from our special report.

article thumbnail

HubSpot’s 2022 Sales Strategy & Trends Report: Data from 1000 Global Sales Pros

Hubspot Sales

While this can be accomplished by most of the strategies in this report, a few we haven’t touched on are sales enablement content, freemium/free trial options, discounts and promotions, and down-selling. Nearly half of salespeople say the average win rate has stayed the same, while 38% saw an increase and 13% report a decrease.

Trends 88
article thumbnail

Managing for peak performance in a remote worker world

Sales and Marketing Management

For their part, employees are reporting mixed emotions about working from home. Use of digital gift cards in the incentive division of Blackhawk Network, a leading gift card provider, is up 200% in 2020, according to Blackhawk’s Vice President of Marketing Theresa McEndree. Others confess that working from home has been challenging.

article thumbnail

How to write a monthly sales report to improve sales performance

PandaDoc

Many businesses build sales and marketing reports for clients on a monthly basis. However, your teams may need some pointers on how to write a useful monthly sales report for their own benefit. After you’ve brushed up on monthly sales report criteria, you can take your reporting software a step further.

Report 45