Ignorer la navigation
Game the Plan
Book

Game the Plan

Every Sales Rep’s Dream; Every CFO’s Nightmare

River Grove Books, 2014 plus...

Buy the book


Editorial Rating

8

getAbstract Rating

  • Applicable

Recommendation

Sales managers plan, develop and implement compensation plans ripe with incentives to motivate their sales teams. But five minutes after the newest compensation program debuts, salespeople “game” it to maximize their income. As they do, they’re finding and using the incentive program’s design flaws. That works for them, and now you can make sure it works for your sales targets. With the right incentive plans, salespeople earn maximum pay when they sell at their peak. Sales performance expert Christopher W. Cabrera explains how to use empirical data to develop efficient, effective incentive compensation plans. Even though he promotes his company’s software in every chapter, he still provides an outstanding resource. getAbstract recommends his insights and strategies to executives and managers who want to design incentive compensation plans that lead to top sales performance.

Summary

“Gaming” Your Incentive Compensation Plan

“Determining how to use incentives to motivate sales reps has always been on the top of management’s list and it’s always been a difficult task.” Executives worry that salespeople will “game” their incentive compensation plans – that is, search for loopholes to maximize their income. Employees always try to earn the most they can within the confines of any incentive program. But maximizing sales reps’ income also should maximize the company’s sales and profits. If your incentive plan doesn’t have that result, you should reconsider its design.

Implement robust compensation programs and hope that your employees will game them. When they do, they’re working to attain goals that directly benefit your company and maximize its returns – and that boosts their incomes as well. This is a win-win situation. Your incentive plan promotes the behavior you want from your employees as they make extra money. However, do not rely on money as the sole incentive as you plan your compensation program. Do your research and build up a deep understanding of your employees and what motivates them. Make sure your compensation plan rewards only...

About the Author

Sales performance management expert Christopher W. Cabrera is the founder and CEO of Xactly Corporation.


Comment on this summary

  • Avatar
  • Avatar
    J. A. 1 decade ago
    Sales compensation plans need to:
    1. Support the business strategy
    2. Drive salespeople behavior to that strategy
    Yes?

More on this topic

Related Skills

AI Transformation
Développer son intelligence émotionnelle
Concevoir des produits innovants
Développer sa capacité de réflexion
Transformation numérique
Discover and Understand Digital Technologies
Piloter le marketing numérique
Améliorer l'expérience de ses employés
Création d’entreprise
Direction exécutive
Ressources Humaines
Innovation
Leadership
Leverage AI for Management
Bien vivre
Prendre de bonnes décisions
Manage Learning and Development
Manage People and Talent
Gérer les relations après-vente
Management
Marketing
Développement personnel
Positionner les talents stratégiquement
Façonner la culture d'entreprise
Compétences relationnelles
Renforcer sa culture numérique
Comprendre le comportement des consommateurs
Understand Economics
Compétences professionnelles
Comprendre les organisations
Utiliser la gamification
Analyser les données des utilisateurs
Indicateurs économiques
Use AI for Sales Forecasting
Convertir les prospects
Garantir l'équité salariale
Pratiquer le data marketing
Vente
Understand Organizational Behavior
Mener des enquêtes auprès de ses employés
Récompenser les contributions des employés
Réfléchir de manière analytique
Identifier les besoins clients
Évaluer ses employés
Comprendre les statistiques
Gérer la rémunération
Maîtriser les ventes B2B
Use AI for Performance Tracking
Gérer les performances
Prendre des décisions fondées sur des données
Planifier et élaborer des stratégies de vente
Analyser des données
Développer son pipeline de vente
Leverage AI for Sales
Utiliser efficacement les outils CRM
Comprendre les données
Comprendre la motivation
Gérer les équipes de vente
Comprendre les comportements humains
Discover and Understand Data Analytics and Big Data
Concevoir des programmes d'incitation