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Totally Rewarding Chats
WRKdefined Podcast Network
38 episodes
5 days ago
The Totally Rewarding Chats Series is brought to you by co-hosts Sean Luitjens, VP of Product Strategy at Salary.com, and Paul Reiman, Founder & Managing Partner of Novo Insights. They will be jamming on all things total rewards and compensation technology with category thought leaders.
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Management
Business,
News,
Tech News
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All content for Totally Rewarding Chats is the property of WRKdefined Podcast Network and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
The Totally Rewarding Chats Series is brought to you by co-hosts Sean Luitjens, VP of Product Strategy at Salary.com, and Paul Reiman, Founder & Managing Partner of Novo Insights. They will be jamming on all things total rewards and compensation technology with category thought leaders.
Show more...
Management
Business,
News,
Tech News
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Totally Rewarding Chats | Ep. 25: Sales Compensation Best Practices
Totally Rewarding Chats
42 minutes
9 months ago
Totally Rewarding Chats | Ep. 25: Sales Compensation Best Practices
Mastering Sales Compensation: Best Practices for Driving Revenue and Engagement Sales compensation is one of the most dynamic and impactful aspects of organizational strategy, yet it often resides in its own silo, misunderstood or overlooked by those outside its orbit. In a compelling conversation with sales compensation expert Christopher Goff, we explored the intricacies of designing fair, effective, and business-aligned sales compensation strategies. From aligning incentives with organizational goals to addressing common misconceptions, Chris brought valuable insights into a field that directly influences revenue generation and team engagement. Chris shared key principles for structuring sales compensation programs, including the importance of aligning incentives to business strategy, maintaining affordability, and ensuring cultural congruence. He emphasized rewarding sales activities as close to the desired outcomes as possible to reinforce positive behaviors and sustain motivation. Additionally, he addressed common challenges, such as managing compensation for long sales cycles, balancing individual contributions with team dynamics, and preventing unintended consequences like stagnation among high-performing sales reps. Whether you're a compensation professional, HR leader, or sales executive, Chris’s insights are a valuable guide for navigating the complexities of sales comp and creating programs that truly work. Watch the full episode now.
Totally Rewarding Chats
The Totally Rewarding Chats Series is brought to you by co-hosts Sean Luitjens, VP of Product Strategy at Salary.com, and Paul Reiman, Founder & Managing Partner of Novo Insights. They will be jamming on all things total rewards and compensation technology with category thought leaders.