Sales Performance Management Best Practices Blog

Jerry Hegarty

Recent Posts

Meeting the Sales Compensation plan design challenge of 2020/2021

Posted by Jerry Hegarty on Tue, Dec 15, 2020 @ 14:12 PM

2020 is what it is. The reality that many managers are facing is revising their compensation plans for 2021 to maintain motivation within their sales teams during these challenging times. With all this pressure, the following videos - presented in a laser focused 2 minute format - remind us that despite the craziness going on in the world right now, focusing on the basics are what will set the stage for growth as life begins to normalize.

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Topics: Sales Comp Plan Fundamentals, Microsoft Teams

Reps can now access NetCommissions when using Microsoft Teams & D365

Posted by Jerry Hegarty on Tue, Dec 8, 2020 @ 08:12 AM

More than ever, sales professionals need to maximize their focus on profitable sales growth. By providing users of Microsoft Teams & Dynamics 365 with a seamless integration to NetCommissions your sales team will spend even more time selling.

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Topics: EVP/Sales Leader, Communication/Reporting, Microsoft Teams, Microsoft Dynamics 365

The vital role of Sales Performance Management in Sales Transformation

Posted by Jerry Hegarty on Mon, Feb 10, 2020 @ 12:02 PM

In many industry segments, customers are changing the way they interact with, and purchase from, Vendors & Wholesale Distributors. As we’ve seen many times over, the change often seems imperceptible at first, but gains a momentum that soon becomes unstoppable. Technology and the rapid maturation of the web are a key driving force behind this transformation.

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Topics: Gross Margin, Sales Performance Reporting, Wholesale Distribution, Commissions for distributors

Four critical Sales Compensation considerations for Wholesale Distributors

Posted by Jerry Hegarty on Wed, Dec 4, 2019 @ 15:12 PM

Leading Wholesale Distributors are using sales compensation to keep pace with industry changes. Here is a quick summary of why and considerations you should be thinking about as you examine your own information technology & analytics investment priorities.

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Topics: Gross Margin, Sales Comp Plan Fundamentals, Sales Performance Reporting, ROI, Accuracy, Timeliness, Wholesale Distribution, Commissions for distributors

Gain insights into your Sales Compensation Process using a RACI chart

Posted by Jerry Hegarty on Wed, Jun 5, 2019 @ 14:06 PM

Sales Operations is an emerging discipline that essentially arose with the advent of CRM solutions. It’s a fairly amorphous role which may involve varying levels of ownership for processes such as forecasting to compensation, sales analytics to data quality and many things in between.  

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Topics: CFO/Finance Leader, Sales Operations, RACI Chart for Sales Compensation, RACI Chart for Sales Operations, RACI Chart for Sales Commissions

Rethinking Sales Compensation in a world of increasing sales complexity

Posted by Jerry Hegarty on Fri, May 17, 2019 @ 14:05 PM

A collague recently forwarded over an informative video from Frank Cespedes of Harvard Business School focused on Sales Compensation and his views on its place in a best in class sales process. I've summarizing the highlights related specifically to Sales Compensation below and provided a link in case you have the time to view it.

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Topics: SaaS Sales Compensation, Sales Comp Plan Fundamentals, Sales Performance Reporting, Sales Compensation Professional, Sales Performance Metrics & KPI's

Sales Compensation Plans and the Goldilocks Principle

Posted by Jerry Hegarty on Mon, Mar 11, 2019 @ 11:03 AM

In reading a recent article on the possibility of other life forms in outer space I was amazed at how an interesting principle they referenced could be applied to our thinking about Sales Compensation design.

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Topics: SaaS Sales Compensation, Sales Comp Plan Fundamentals, Sales Performance Reporting, Sales Performance Metrics & KPI's, Territory Management, Sales Quota

Highlights from recent 2018 Sales Compensation Trends survey

Posted by Jerry Hegarty on Fri, Aug 3, 2018 @ 11:08 AM

The Alexander group recently conducted a survey of sales compensation trends with 135 sales organizations. The survey was conducted at the end of 2017 with expectations for 2018 an integral part of the exercise. Now at the mid-way point in 2018, an interesting question is not only how your sales organization matched up with the survey groups results & expectations, but now with six months in the books, what, if anything, has changed and why ? We take a look at several takeaways highlighted by the survey as ask a few questions to consider as you take stock of 2018 at the half way mark.

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Topics: SaaS Sales Compensation, Sales Comp Plan Fundamentals, plan design, Sales Compensation Professional, Human Resources, Sales Quota

A primer on sales compensation plans for growing sales teams

Posted by Jerry Hegarty on Wed, Dec 6, 2017 @ 15:12 PM

When growing your business, setting up and managing compensation plans for sales reps can be a daunting task. The temptation to add too much complexity too fast can sacrifice the strategic benefit of simplicity and clarity.  The goal at the beginning should be to start with a solid basic plan structure that can evolve and adapt as your sales team grows and specializes.

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Topics: Sales Comp Plan Fundamentals, plan design, Sales Operations

Loss Aversion and Sales Compensation Plan design

Posted by Jerry Hegarty on Fri, May 20, 2016 @ 13:05 PM

Are you someone who thinks that humans are rational? What about Sales reps? The fact is that not everything we do is either smart or rational. In fact, understanding the patterns behind why we often make irrational decisions sets the stage for deeper understanding of human decisions and can yield some very surprising results. 

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Topics: plan design, CEO, Human Resources, Sales Operations