An incentive compensation plan represents a wide range of compensation methods. It encompasses commissions, bonuses, spiffs, and other incentives not limited to monetary gifts. When considered altogether, it’s an effective way to motivate a workforce. Depending on the...
Sales performance management goes hand in hand with commission management. After all, commissions reward high performance in sales, so it makes sense that commission data naturally maps out sales performance overall. Typically executives may not consider commission...
Ever run a commission cycle and come across a calculation that looked off to you? Those little errors can get really costly if you don’t address them quickly. If your organization still uses commission spreadsheets, you’ll be hunting down that error yourself. However,...
What do commission management and payroll have in common? Both are methods that ensure hardworking employees get paid and stay motivated. It’s two pieces of a very important compensation puzzle and both require similar resources, time, and work. However, far too many...
It’s a fact. When you incorporate commission automation into your commission management, you save time. All that work you pour into sourcing data, calculating it, auditing it, and reporting it shrinks. Your team can redistribute time and resources to more pressing...
A commission administrator sits down to run commissions for the quarter. Where do they start? With data. It’s just a matter of tracking down all of that data they need to calculate commissions for each payee. The stats and numbers an administrator uses to determine...
