Challenge: New Sales VP inherited weak Sales Comp Program with little time before National "roll-out" Meeting

Solution: Developed "out of box" solution that dramatically improved "pay for performance" relationships

Results: Program well received by management and easy to implement; strong performers delighted/rewarded; marginal ones exposed

 

"A well-designed sales compensation plan will provide explicit direction and sufficient rewards to motivate the type of selling effort needed to reach or exceed business objectives."
– "World at Work"

  • Assessment of existing program/practices
  • Clarification of participant roles, e.g. prospecting, selling, servicing customers
  • Development of customized survey pay benchmarks
  • Evaluation of territories and alternative plan designs
  • Development of approved Plan design and articulation of associated provisions
  • Establishment of performance metrics
  • Modeling of Plan payouts under varying performance scenarios
  • Customized training/communications
  • "Created a highly effective, “win-win” Sales Comp Plan for our rapidly changing business."
    – VP, Sales; Chemical Industry