Financially Simple

In episode 95 of Financially Simple, Justin looks at developing Compensation Plans for a Best in Class Sales Team. If you've done a great job and hit all your targets, it's satisfying - even more so if you're well rewarded for your efforts! Justin goes over the fundamentals of putting together a suitable Compensation scheme for the outstanding work done by your Sales Team to keep them motivated and hungry for more. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT: BLOG: Creating a Sales Compensation Plan That Works for You & Your Team   TIME INDEX: 00:28 - Growing Sales through a Best-in-Class Compensation Plan 02:14 - What is a Best-in-Class Compensation Plan? 02:53 - Compensation Plan Objectives 04:38 - Putting the Plan Together 04:56 - Step 1: Determine the Compensation Based on Discussions With Other Businesses 07:36 - Step 2: Decide Which Items Will Be in the Final Compensation Package 09:15 - Things to Consider When Designing