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Before diving into the nuances, let''s start with what some research from psychologist Richard Wiseman about how to set goals. Breaking up a big goal into smaller, manageable chunks makes your plan more achievable. There''s research to back this up. But perhaps a call to "handle with care" is, indeed, in order.
While it's likely that no one will complain about these perks (they're awesome, after all), many companies are shifting their focus to prioritize intrinsic motivators such as peer-to-peer recognition and frequent feedback as a way to improve employee engagement. Is that really what company culture is all about? Why the emphasis on engagement?
To help you get started, we’ve created a guide: 6 Steps to Designing a Sales Development Compensation Plan. Start by understanding the local market benchmark since national averages can be highly misleading. If you do not have access to premium salary benchmark data, utilize GlassDoor to look up salary information.
While it would be nice if it were that easy, experienced managers know that it takes more than spirited pep talks and YouTube to keep people fired up. Doing so can inspire more reps to take it up a notch! Still others may be more intrinsically motivated, where helping customers and making an impact is enough of a reward.
Many companies assign employee training specifically for new hires to get up to speed. Improved Performance My main worry when starting a new job is that I wont catch up quickly enough. Employee training can start new hires off on the right foot by ensuring they learn the ins and outs of the new role.
Think about it like a character leveling up in a game. The closer you get to achieving the next level, the more effort you want to put into achieving that level up. But the gamification process intrinsically creates rewards that employees ‘unlock’. Don’t introduce too many incentives at once, start small and see what works best.
Showing up to work is one thing; bringing genuine enthusiasm to the job is another. Sales incentives can be a valuable tool to get your team fired up, but they’re not one size fits all. But you can also shake up your incentive program by adding more creative ideas to the mix. Sign up now Thanks, you’re subscribed!
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