WorldatWork, the Total Rewards Association
 
 
Password:  Change  |  Forgot  |  Help   
Email   Print
Elements of Sales Compensation

Elements of Sales Compensation

Take an In-depth Look at Sales Compensation

This class presents the fundamentals for the design and implementation of sales compensation plans tailored to a company’s business strategy. Emphasis is placed on the special terminology and issues that make sales compensation unique from other incentive plans. Participants are presented with several design options and related information in order to assess which sales compensation approaches may be appropriate for a given company. Participants are also introduced to critical implementation factors including financial modeling of the proposed plan, employee communication and plan assessment over time.

  • Discuss sales compensation rationale, value and uniqueness
  • Identify the key influences to all sales compensation plans
  • Discover the six key components of a basic sales incentive
  • Find out how to introduce a new or revised incentive plan to the sales force
  • Review why sales incentive plans fail and ways to determine if your plan is working properly
What You Will Learn  |  More Info  |  Who Should Register  |  How to Register  |  New! What is Blended Learning?


Learning Options

 

Course Schedules
Jul 10 - 11
8:30 AM
Washington, DC
Add to Cart
Dec 22 - 23
9:00 AM
(This course is taught in Mandarin)
Shanghai, Peoples Rep. of China
Contact Sponsor
Anytime
Self-Paced
Purchase Options
 

 

What You Will Learn  

Sales Compensation Terms and Definitions

  • The total rewards model
  • The purposes of sales compensation
  • Uniqueness of sales compensation
  • Key sales compensation terms
  • Incentive payment methods

Influences on Sales Compensation Design

  • Drivers of sales compensation design
  • Go-to-market strategy
  • Sales channels
  • Direct sales channel
  • Indirect sales channel

Design Components

  • Eligibility
  • Target cash compensation
  • Pay mix
  • Calculation methods
  • Performance measures
  • Performance and payout arrangements

Plan Refinement and Testing

  • Calculating formulas
  • Quotas
  • Testing through financial modeling
  • Special considerations

Plan Implementation

  • Plan terms and conditions
  • Plan qualifiers
  • Employee administration
  • Integration with other programs
  • Handling plan changes
  • Employee communications
  • Tracking and payment administration

Assessing Plan Effectiveness

  • Plan evaluation
  • Failing plans
  • Assessing the plan
  • Sample analysis
Who Should Register  
The course is designed for compensation and sales administration personnel relatively new to the sales compensation field and who are involved in designing, implementing and administering sales compensation plans.
 
How to Register  
 
More Information  
 Course Credits
Recertification: 2 Credits
CEUs: 1.5 Course
CPEs: 14
PHR/SPHR/GPHR recertification
Hours: 14 (classroom)
 Course Book Amendments
 Terms and Conditions

For traditional classroom courses, a print binder will be available for pick up on site the day of the seminar. E-learning and Blended Learning course materials can be found online within the product. To download course material amendments, view class rosters and to find out what to bring to your class, please visit www.worldatwork.org/seminars.

*Become a WorldatWork Premier Member today and begin saving! After adding the class to your cart and click "Join Now" before proceeding to check out.

 
What is Blended Learning?  

Frequently Asked Questions  |  Course Duration Matrix  |  Sample Class Syllabus

Blended  Learning — Take An In-depth Tour

Get the best of both worlds and more! Combining learning and study preferences, Blended Learning leverages independent e-learning and collaborative traditional classroom experiences with access to additional resources.

  • 24/7 access provides greater convenience and flexibility
  • Class discussion board allows access to peers and subject matter expert
  • Study when time allows
  • Integration of group and independent study
  • No “out of office” time needed
  • No travel expense.

Components of Blended Learning

All Blended Learning classes include a class discussion board, other components available within Blended Learning will vary in order to deliver the best learning experience possible. Classes may include access to components such as:

  • Live online session(s) with facilitator and peers
  • Audio files
  • Video files
  • Articles and/or white papers
  • Tools and templates
  • Online quizzes

 

 

 

 

 

 

Share
 

 

 

 

 

 

CONNECT WITH US 

Copyright  |  Privacy Policy  |  Site Map  |  Advertise with Us  |  Community Terms and Conditions

WorldatWork