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Should You Put a Cap Sales on Commissions and Earnings?

by Eliot Burdett | Published on - July 28, 2013

Several studies have shown that high-achieving salespeople are motivated by financial rewards (Harvard Business Review, PsyMetrics, SalesDrive, and others). That’s not to say that all salespeople are primarily motivated by money or that money is the only thing that motivates them, but achieving high income is a big factor in motivating behaviour for most salespeople

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5 Things the CFO Needs to Know About Sales Compensation Plans

by Eliot Burdett | Published on - February 19, 2013

Removed from the sales effort in the trenches, the CFO is not always in a great position to understand the impact of the sales compensation plan on the behavior of the sales force. Since it is the CFO’s role to help the company to be successful from a business and financial perspective, it follows that

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Gamify your Sales Effort

by Eliot Burdett | Published on - February 17, 2013

Nothing in life is as much fun as having fun and that is why its always great to try and turn work into a game. Sales competitions are powerful motivators because they bring out the competitive spirit in sales people and encourage sales team members to have fun while they are working hard. Put some fun

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Innovation in Sales Compensation Strategies

by Eliot Burdett | Published on - May 24, 2012

Changes in the economy have resulted in many businesses reviewing compensation expenses.  The sales commission budget – traditionally the largest cost- is often under scrutiny. Can that expense be lowered with a new incentive calculation process? Data shows that 75% of organizations with 1,000-2,500 employees currently determine commissions using spreadsheets. This approach can lead to

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The Markets are Dropping.  Is Sales Compensation Dropping as Well?

by Eliot Burdett | Published on - May 9, 2012

We get a lot of questions about whether sales compensation is sagging in light of the economy. The simple answer is no, sales compensation is not dropping…for the reliable performers. The detail behind the answer involves looking at supply and demand. The model of supply and demand is the backbone of price determination in a