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Sales compensation: How to craft data-driven plans that drive growth
Sales compensation: How to craft data-driven plans that drive growth
ratings:
Length:
51 minutes
Released:
May 24, 2022
Format:
Podcast episode
Description
Nabeil Alazzam is CEO and founder of Forma.ai, a Toronto-based company striving to solve the massively under-appreciated pain point of sales-based compensation.
Currently, the systems for calculating and awarding sales-based compensation are clunky, unwieldy, and often manual, creating a lot of work for operations teams and sales professionals.
Nabeil identified that automation could solve this problem, and built a system (aka Forma.ai) that is able to take the many unique compensation problems that sales organizations face and create unified solutions that save time, money, and mental health for their customers.
In this episode, Nabeil shares how Forma.ai is streamlining the process for over $1.5 billion in commissions per year. He also shares how we can craft data-driven plans that drive growth. Insights he shares include:
Issues affecting sales compensationAre sales compensation plans necessary to truly motivate peopleCan sales compensation be done differently than just offering standard policiesThe lever that most businesses often overlook to drive their business strategyIn what ways are businesses not leveraging sales compensation to their advantageWhat are the impacts of ignoring systemic issues with sales compensation (data points and examples)What are the impacts of revamping sales compensation for the better (data points and examples)What lessons can sales operations learn from marketingCan sales compensation be tied to the organization's values and value proposition?and much much more ...
Currently, the systems for calculating and awarding sales-based compensation are clunky, unwieldy, and often manual, creating a lot of work for operations teams and sales professionals.
Nabeil identified that automation could solve this problem, and built a system (aka Forma.ai) that is able to take the many unique compensation problems that sales organizations face and create unified solutions that save time, money, and mental health for their customers.
In this episode, Nabeil shares how Forma.ai is streamlining the process for over $1.5 billion in commissions per year. He also shares how we can craft data-driven plans that drive growth. Insights he shares include:
Issues affecting sales compensationAre sales compensation plans necessary to truly motivate peopleCan sales compensation be done differently than just offering standard policiesThe lever that most businesses often overlook to drive their business strategyIn what ways are businesses not leveraging sales compensation to their advantageWhat are the impacts of ignoring systemic issues with sales compensation (data points and examples)What are the impacts of revamping sales compensation for the better (data points and examples)What lessons can sales operations learn from marketingCan sales compensation be tied to the organization's values and value proposition?and much much more ...
Released:
May 24, 2022
Format:
Podcast episode
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