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Spot Bonus: What It Is and How To Do It Right

Salesforce

But unlike other financial incentives such as sales commission, they aren’t a formalized part of a compensation plan. Back to top ) Benefits of implementing spot bonuses Spot bonuses can help promote a positive workplace culture, providing a spontaneous way to show employees that they’re valued throughout the year.

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Performance Bonus 101: How to Reward Employees the Right Way

Salesforce

How to create your own employee bonus program Motivate your team with transparent incentive pay Discover the power of automating commissions with Salesforce Spiff, and easily create incentive programs that scale. Launch sophisticated compensation plans fast Is outdated commissions management hurting your growth? Watch the demo

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The Ultimate Sales Checklist to Improve Performance

Salesforce

When you trust your team to do the job you hired them for, not only does it free you up to do other work, but it also promotes confidence and motivation among your reps. Sales compensation and commission planning are much more complex than simply paying your sales reps a “good” salary. Or does it promote bad behavior?

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70 Words That Win: Sales Terms Every Rep Should Know

Salesforce

Commission The payment a sales rep receives when they make a sale, often a percentage of the sale. Net Promoter Score ( NPS ) A metric that measures customer satisfaction by asking how likely they are to recommend the company to others on a scale from 1 to 10.

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How to Use Clawback Clauses in Your Sales Compensation Strategy

Salesforce

Why should you include clawback clauses in your sales commission plans? For sales organizations, this type of clause or provision enables a business to reclaim commission or other performance-based compensation paid to a salesperson under specific circumstances. Why should you include clawback clauses in your sales commission plans?

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What is a SPIFF in Sales? Benefits, Types, and When to Use

Salesforce

Benefits of SPIFFs and when to use them Potential problems with SPIFFs and solutions How to implement a SPIFF program Motivate peak performance with real-time pay visibility Get complete incentive management in one package, complete with commission calculations, custom rep statements, and notifications.

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Sales Pipeline Radio, Episode 98: Q&A with Henry Schuck

Heinz Marketing

He is a cum laude graduate of the University of Nevada, Las Vegas where he was selected in 2013 as the Honors College Alumni of the Year. He is a licensed attorney in Washington and Nevada. There isn’t somebody like that, that if you’re on the right side of, you get promoted, or get treated nicer to.