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Compensating New Sales Roles: How to Design Rewards That Work in Today's Selling Environment
book

Compensating New Sales Roles: How to Design Rewards That Work in Today's Selling Environment

by Jerome A. Colletti, Mary S. Fiss
June 2001
Intermediate to advanced
416 pages
11h 28m
English
AMACOM
Content preview from Compensating New Sales Roles: How to Design Rewards That Work in Today's Selling Environment

Glossary

award:

form of payment that is given within the context of a recognition event or program; may be in the form of money, prizes, plaques, or public commendation

base salary:

fixed payment; adjusted to reflect cost of labor, negotiated settlement, seniority, and performance

bonus:

a percent of base pay, or fixed dollar amount, for accomplishing objectives; may be capped or uncapped

cap:

the total incentive opportunity a salesperson can earn in a given period

commission:

compensation paid as a percentage of sales measured in either dollars or units

competitive assessment:

analysis conducted to determine a company's relative position to its defined labor market in terms of total compensation, salary, or opportunity for variable compensation

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Publisher Resources

ISBN: 0814471064