November 2017
Intermediate to advanced
352 pages
7h 57m
English
book
Compensating the Sales Force, Third Edition: A Practical Guide to Designing Winning Sales Reward Programs, 3rd Edition
by David J. Cichelli
Content preview from Compensating the Sales Force, Third Edition: A Practical Guide to Designing Winning Sales Reward Programs, 3rd Edition
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Chapter 7
Plan Cost Modeling
Designing effective sales compensation plans includes modeling the direct and indirect cost impact of the new pay plan. For income producer plans, management is fortunate to have an unambiguous cost of sales: the commission rate. Using the commission rate, often an industry standard earned by all incumbents, income producer management can quickly and confidently identify costs and model the impact on sellers. The relationship between pay and performance is linear; the more sold, the more paid as management applies a flat commission rate. The same cost-modeling simplicity cannot be said for target pay incentive plans used for sales representatives. With numerous jobs, target pay levels, quotas, measures, and sales ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.