3 Tips for Sales Compensation Plans
One of the questions I get asked a lot is about sales force compensation. Not necessarily the amount, but the process.
“How should salespeople be paid?”
Personally, I’m a proponent of a commission-based system. With that being said, I think anyone needs a certain amount of grace period (or training time) until they are “kicked out of the nest”.
But, more than that I want to dig into what to base the commission on. Should salespeople be paid on their sales? A percentage of the profits they generate? Or some hybrid combination?