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The Complete Guide to Sales Force Incentive Compensation
Book

The Complete Guide to Sales Force Incentive Compensation

How to Design and Implement Plans That Work

AMACOM, 2006 更多详情

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自动生成的音频

Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

Planning the ideal salesforce incentive compensation program is very challenging. Pay enough, and you’ll energize your salespeople. Pay too much, and you’ll throw money away while turning salespeople into loafers who can get by on fewer sales. Pay too little, and you’ll push your best salespeople out the door. But how much is enough, too much or too little? How do you figure out the best mix of salary, commissions and bonuses to pay your salespeople? This comprehensive compensation guide is a good place to start answering these questions. Written by sales and marketing experts Andris A. Zoltners, Prabhakant Sinha and Sally E. Lorimer, this is your essential map for developing and implementing the ideal compensation incentive plan for your salespeople. getAbstract recommends it to sales managers who want to do a better job of meeting their personnel needs and, therefore, their sales targets. (Read this before you negotiate compensation with anyone else.)

Take-Aways

  • Creating a great sales incentive compensation plan is difficult. Do it anyway.
  • A good plan can boost sales and attract top salespeople. A bad plan can bury your company and make your top salespeople flee.
  • Once you create and implement your sales incentive compensation plan, fine-tune it every year, and change it comprehensively every two to three years.

About the Authors

Andris A. Zoltners and Prabhakant Sinha teach college business courses. They co-founded a business-consulting firm. Sally E. Lorimer, business consultant and writer, is a former principal at Zoltners and Sinha’s consulting firm.


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