Archive › Sales Compensation and Incentives

Quarterly vs. Annual Bonuses

We often receive questions about the merits of various comp plan elements and alternatives. Recently received a question about the frequency of bonuses. The right mix of incentives and structure depends on what you are trying to achieve. While commissions are typically tied to closed sales, while bonuses are often linked to other sales events [...]

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"A" sales candidates aren't moving – what you can do to get them to accept your employment offers

You need to hire sales people and you like the fact that these days more candidates are applying for your jobs, but the ones you want are the ones that are still employed elsewhere and they may not be inclined to move. In fact, sales candidates are generally reluctant to move in this economy – [...]

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Sales Contracts – Critical Elements

In turbulent times, we are going to see higher turnover and layoffs – even in sales. A big issue for departing sales employees is entitlements to commissions. We often see contracts that poorly define the conditions related to treatment of commissions after an employee departs (typically referred to as “trailing commissions”). For example, when someone’s [...]

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74% of Inside Sales Development Reps on Target in Q4 -08

Just posted a link to Phone Works Q4 market survey on inside sales performance and stats in our Tech Sales Hiring blog (See Inside Sales Compensation @ Tech Sales Hiring). Some good insights on sales team structure, compensation and performance.

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Inside Sales Compensation

Phone Works released a report covering stats and trends in inside sales performance and compensation. See the full report entitled Phone Works Inside Sales Compensation Report – Q4 2008 Thanks to Build a Sales Machine Blog for the heads up.

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What you will hear from strong sales candidates

I like Tom’s post at the Total Sales Manager on what the sales manager wants to hear from sales candidates or stated another way, what you should here from strong candidates (What A Sales Manager Would Like To Hear From A Sales Candidate). Tom’s article lists a strategy for forcing sales job applicants to ask [...]

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Salespeople Want Commissions, not ‘Community’

Social networks are getting so much attention these days, that CRM vendors are building features that support communities and information sharing. Oracle and Salesforce are leading the charge. Makes sense? Sales people are amongst the most social groups in many companies. But the adoption seems to be lagging and ITBusinessEdge noted, that “competitive salespeople — [...]

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19 Simple Ways to Make Your Best Reps Leave

If you lead a sales team, here are some proven and simple ways you can make your top performing sales reps leave (Note …I am not quite sure why anyone would want their top reps to leave, but I have seen all of these things first hand, so I thought I would compile a list [...]

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Sales Comp Plans 101 – 5 Basic Things to Know

We are often asked about how to structure competitive sales compensation plans and how to tailor incentive programs to generate the right sales results. Here are a few basic things to consider: 1. First assess the effort and risk associated with delivering the sales you need from the sales person/position. The higher the effort and risk, [...]

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