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“Fixing The Compensation Problem….”

Partners in Excellence

I always worry when a conversation with a sales executive starts with, “We need to fix our compensation problem.” ” The ensuing discussion usually focuses on, “We aren’t meeting our numbers, we need to fix the compensation/commission system in order to make our numbers.”

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On Driving Performance

Partners in Excellence

And then we get to compensation. We try to develop compensation plans that incent people to achieve those goals. Often, it’s very simple, some sort of compensation based on revenue, or possibly quota attainment. One of the problems is too many managers believe their only tool to manage and incent performance is comp.

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Are Sales People “Coin Operated?

Partners in Excellence

As I speak to sales executives and managers about the reasons for the increasing voluntary turnover, too often, they respond, “It’s all about compensation! Compensation is the leading reason, but only beats manager quality by 1% point. People rarely leave just because of compensation, but because of a number of reasons.

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12 Leaders on the Top 10 Sales Compensation Challenges in 2023

Sales Hacker

Sales compensation planning can be a tricky beast to tame — but know that you’re not alone. Then, I’ll help you take it to the next level with QuotaPath’s newest free resource — our Compensation Hub. Then, I’ll help you take it to the next level with QuotaPath’s newest free resource — our Compensation Hub.

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The B2B case for retention marketing: 7 key tactics

Martech

Luckily, B2B retention marketing differs significantly from consumer retention efforts that rely heavily on discounts and perks. Instead, B2B retention requires a laser focus on the core business, meeting customer expectations consistently, penetrating existing accounts further and monitoring any changes closely as signals for proactive outreach.

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A Holistic Approach to Compensation Structuring with Scott Barton

Sales Hacker

He’s an expert in the sales world, particularly in revenue operations and incentive compensation. Building a compensation structure that works for both salespeople and the company. Holistic thinking about compensation, which includes development opportunities, benefits, advancement opportunities, and more. powered by Sounder.

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What Is Sales Commission? Formulas, Examples, and Best Practices

Salesforce

For competitive salespeople who want their compensation to directly reflect the work they put in, commissions are appealing. The pressure is on. About 69% of sales professionals say selling is more difficult now than in previous years, according to Salesforce’s State of Sales report. That’s where sales commission comes into play.