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WBSP152: Grow Your Business by Aligning Sales Compensation Strategies With Your Growth Plans w/ Ryan Wicklum

WBSP152: Grow Your Business by Aligning Sales Compensation Strategies With Your Growth Plans w/ Ryan Wicklum

FromWBSRocks: Business Growth with ERP and Digital Transformation


WBSP152: Grow Your Business by Aligning Sales Compensation Strategies With Your Growth Plans w/ Ryan Wicklum

FromWBSRocks: Business Growth with ERP and Digital Transformation

ratings:
Length:
44 minutes
Released:
Sep 20, 2021
Format:
Podcast episode

Description

Sales compensation is a multi-edged sword. There are many variables, and each variable could significantly impact your top line and bottom line if the consequences are not thought through. If the base salary is too low and if it doesn't meet the basic needs of salespeople, they might be looking for additional sources of revenue for themselves and might not be committed. If you paid too much in base, they might not be motivated to work hard and go out of their way to close deals.In today's episode, we have our guest, Ryan Wicklum, who discusses why companies require a framework for sales compensation strategies aligned with their growth plans. He also touches on psychological drivers and motivational triggers that drive sales teams to deliver results. Finally, he shares several stories of bad compensation strategies that fired back for the company and the good strategies that paid off. For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
Released:
Sep 20, 2021
Format:
Podcast episode

Titles in the series (100)

WBSRocks podcast features in-depth conversations on ERP, digital transformation, manufacturing, supply chain, eCommerce, and industry 4.0. The purpose of the show is to help CFOs, COOs, CEOs, and business owners with their daily operational and financial growth challenges by taking a deep dive into business cases and processes, technology strategy and architecture, transformation initiatives, and business models. The show also offers an independent analysis of technology trends, various ERP vendors and solutions, and enterprise software mergers and acquisitions. Subscribe today to stay on top of digital transformation trends!