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Does Your Sales Incentive Plan Drive Customers Away?

SBI Growth

The purpose of every incentive compensation plan is to influence the actions of sales reps. You still have time before 2013 to fix any blatant disconnects. Sales incentives can be like square pegs. Incentive compensation is intended to reward specific behaviors of the sales force. Product Launch Incentive.

Incentive 267
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Study Shows Dramatic Growth In Use of Incentives for Employees and Customers

Sales and Marketing Management

Issue Date: 2013-10-22. Teaser: A new study conducted by the Incentive Federation confirms that the non-cash incentives market is thriving with 74 percent of U.S. billion annually on incentive travel, merchandise and gift cards. billion annually on incentive travel, merchandise and gift cards. read more'

Incentive 176
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10 Incentive Travel Facts You Can Put To Good Use

Sales and Marketing Management

The Incentive Research Foundation (IRF), a private not-for-profit foundation that focuses its initiatives on pragmatic research highlighting the premise and the power of incentive and motivational programs, issued a list of 10 incentive travel facts to commemorate Global Meetings Industry Day. 38 percent of all U.S.

Travel 205
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How to Avoid Wasting Money on a Compensation Assessment

SBI Growth

HR leaders, get ready for the 2013 Sales Kickoff by fixing the flaws in your compensation plan today. And get your hands on a Competency Grader for compensation assesement providers as part of SBI's "Make The Number 2013.". Software Firm: The annual Employee survey is overflowing with negative comments about the incentive plan.

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New Product? Don’t Forget to Update the Sales Compensation Plan

SBI Growth

Congratulations, your organization is launching a new product in 2013! Obtain market penetration projections. So how do we incent this behavior? Product Marketing and Internal Strategy have vital information. When designing the quota for 2013 sales reps, incorporate the new product into the compensation plan.

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Are Sales and Sales Management Candidates Getting Worse?

Understanding the Sales Force

During 2009, only those companies with cash and a willingness to spend it - mostly mid-market companies - were hiring salespeople. They tend to pay more than smaller and larger businesses and their recruiting efforts, compensation and incentive plans are designed to attract stronger salespeople. What do you think?

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11 Sales Compensation Complaints to Address Before Next Year

SBI Growth

This also gets you access to SBI’s Annual Sales & Marketing Research. Let’s say sales weren’t spectacular in 2013. Surely something is wrong besides the new incentive compensation. Incentive targets are linked in a competitive fashion, not on my own improvement. Mix this with market trend insights.