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2022 Sales Compensation Trends: Notes from the WorldatWork Conference

Sales Hacker

Scott Barton, Varicent’s VP of Industry Solutions & 20-year sales compensation industry pro, attended WorldatWork’s 2022 Sales Compensation Conference. Despite these advances, few industry pros currently use predictive or prescriptive analytics for determining sales compensation plan effectiveness. Is change in the air?

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3 Key Ingredients of a Sales Compensation Plan

Tom Tunguz

For example, as Mark Roberge, CRO of Hubspot, wrote in The Sales Acceleration Formula , Hubspot adopted three different sales compensation plans throughout its early evolution which embody the three key ingredients of a sales compensation plan. Payout timing is the third component of the sales compensation.

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Waze’s Head of Sales on The 4 V’s: Volume, Variety, Value, and Velocity

SaaStr

This expertise requires team training and seller education. . Are you compensating your teams to sell recurring revenue? Compensation is a great motivator to make your team care and think about different clients and which verticals are likely to get higher revenue. .

Scale 235
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Every Customer is a Design Partner - Leading Your Sales Motion with Sales Engineering

Tom Tunguz

AEs, experts in closing contracts, often focus on reducing sales cycle & maximizing contract value - which aligns with their incentives & compensation plan. Devrel educates the market, assists them in solving their problems, then sales engages. The default behavior is for founders to pass sales to account executives.

Scale 178
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The Most Common SaaS Sales Potholes and How to Avoid Them with Mark Roberge (Podcast #498 and Video)

SaaStr

It’s 2021, but surprisingly, a significant number of SaaS companies still use outdated sales compensation plans. Salespeople are often compensated at the highest rate when they win brand new business, but that might not be good for revenue expansion and might contribute to churn.

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Are We Investing Enough in Our Managers?

Tom Tunguz

80%+ of startup operating expense flows to compensation. Seven people’s compensation might total an annual budget of $1.5M Education is important. “Management is an art, and one that is overwhelmingly undervalued in Silicon Valley.” ” I wondered, are we investing enough in our managers? 7 of 30 is 23%.

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GTM 58: How Stripe SuperCharged their SMB Team with Meka Asonye

Sales Hacker

I knew a little bit about what he was building but I really just made a bet on the person.

SMB 73