No question about it: Creating an
effective sales compensation plan is hard work, but the effort typically pays off in both improved sales performance and achievement of your corporate goals.
The most
effective sales compensation plans will typically have approximately 50 — 80 % of «on - target income» (the amount of total income that should be earned if the sales person meets the basic goals of their job) guaranteed in the form of a salary, with the remaining 20 — 50 % coming as performance - based bonuses or commissions.
Sales compensation plans must reinforce company objectives.
Initiated the strategic realignment of sales territories and overhaul of
the sales compensation plan to bring in $ 18M in new business.
No question about it: Creating an effective
sales compensation plan is hard work, but the effort typically pays off in both improved sales performance and achievement of your corporate goals.