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Neck Deep in Sales Stuff: Top of Funnel, Team, Growing Partnerships, Marketing & Sales Alignment and Enjoying the Journey.
We shared last week in video about the fundamentals of a great member Incentive & rewards program...here's a revisit of those key points. #refresher #Healthy #healthplans #incentives #memberengagement #healthtech #medicaid #medicare
A revisit from the full discussion on the fundamentals of a great member incentive & rewards program! #Incentives #MemberEngagement #healthtech #health #saas #healthinsurance
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Sr. Recruiter @Redfish Technology Providing Disruptive Tech Companies w/ Professional and Executive Talent
Accelerator Clauses 📈 What is it and why are they important when considering a new position with performance-based compensation? An accelerator clause, in an employment contract, is a provision that encourages employees to meet certain performance goals within a specific time frame. It outlines certain conditions under which a person's compensation or bonuses can increase at an accelerated rate. Usually, this clause is tied to performance-based metrics such as meeting or exceeding sales targets and/or achieving specific metrics. When these conditions are met, the person's compensation may increase beyond standard rates, providing an additional incentive for high performance. Essentially, it is a mechanism to reward exceptional performance by incentivizing employees to exceed their targets. Why are they important? Accelerator clauses can significantly impact a person's earning potential. Understanding how the clause works and what performance levels are required to trigger it, can help a candidate assess the potential income they can earn in a role. It can bridge a salary gap when taking a new position by offering the opportunity to earn additional income, making the overall compensation package more attractive and competitive. In many cases, the accelerator clause can double, if not more, your bonus once you exceed the specific sales threshold. Make sure you are taking into consideration accelerator clauses when looking at an entire compensation plan. #somethingtothinkabout #recruitingtips #hiring #candidates #hiringmanager #contract #compensation #talentacquisitions
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Proven Business Builder & Leader l Passionate About Helping Companies Become More Sustainable, Scalable and Salable l Obsessed With Continuous Improvement l Has Fun Doing It
If crafted properly, incentive compensation programs can supercharge a company's efforts to achieve its goals. However, if not crafted and executed properly, the program can have exactly the opposite effect. I came across this brief article that provides some good insights.
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Unlock streamlined success with Incentivate, the dynamic sales commission software tailored for different roles in your organization ensuring precision and efficiency across diverse functions. #Incentivatesolutions #Incentives #Sales #HR #Salesops #Finance
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What would you do with an extra £20,000 a year? 💰 Here’s what I’d do as a business owner: 👉 Increase the salary of my best-performing team members 👉 Invest in marketing 👉 Invest in training for my team 👉 Take a (very nice) holiday £20,000 is approximately how much you can save as a UK business per year by hiring just ONE person in Argentina full-time to support your team (vs a UK salary + some associated expenses). You’d save even more if you’re based in the US. And even more if you hired more than one person overseas. The truth is, you can do whatever you want with it. You could technically take an extra £20k salary per year. And that's fine. Building overseas teams isn't just about saving money, but that's definitely a MASSIVE benefit. What would YOU do with an extra £20,000 a year? 🤔 P.S. If you want to know how to get started with building an overseas team, DM me, happy to help! #recruitment #marketing #agency #hiring
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What's the difference between commission and bonus and which one is best? Sales incentives can dramatically increase earning potential. Most of the salespeople we speak to tell us that this is a key driver when they are looking to move job or remain in their current role. People with a strong track record in sales are excellent at building relationships and generally highly motivated by the salary uplift that can be achieved through bonus and commission. It isn't the only motivating factor, of course. Car schemes, healthcare, pensions and other benefits all contribute to the overall feelgood factor when candidates are looking for a new job. #salesjobs #engineeringjobs #salesbonus
What’s the difference between commission and bonus and which one is best?
thornhvac.co.uk
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Admin as a Service (AaaS) by SalesVista Incentive compensation solutions should be intuitive and easy to manage—with a full service partner. At SalesVista, we understand the importance of having accessible support when you need it, which is why we offer Admin as a Service (AaaS). This service provides comprehensive administrative support to streamline your incentive compensation management: Maintenance of Rep/Team Hierarchy: o Creation of new representatives and/or locations o Deactivation or modifications of existing representatives o Assignment of compensation plans to teams and/or individual representatives Periodic Administrative Support: o Data integrity reviews o Generation of statements o Review of payout results Our support frequency can be tailored to align with your compensation processing cycles—be it quarterly, monthly, or biweekly. SalesVista stands as a full-service, full-cycle incentive compensation partner. With industry-leading solutions and innovative professional services, we ensure that your sales commission process runs seamlessly, allowing you to focus on what matters most: driving sales performance. We all know you are a superman or superwoman at what you do. Sometimes you also need some support. Let SalesVista be that support. Visit the SalesVista page or website at https://lnkd.in/g3TMX3FP #SalesCommissions #Partnership #IncentiveComp
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