Executive Education

Kellogg School of Management

Marketing & Sales  >  Sales Force Incentive Compensation

Sales Force Incentive Compensation: Design and Implementation for Maximum Impact

Related Programs
  Energizing People for Performance
  Accelerating Sales Force Performance
  Kellogg School Summit for Sales Executives
 

Upcoming Sessions
  October 25-28, 2009
$ 5,800
   
Key Benefits
During this program, you will learn to:
Understand how incentives fit into the sales management system
Indentify changes in the selling environment that may precipitate a change in your incentive plan
Learn about and assess your plan using the 3-C's framework
Explore effective incentive plan components
Explore ways to balance the incentive plan for motivation, complexity, and fairness
Discover techniques to predict plan consequences before implementation
Find out how to set appropriate quotas
Anticipate long-term incentive problems before they become difficult to overcome
 
"Great program! It provides interaction and real-life applications that really expand your knowledge on different options that are being used across industries. "

Supervisor, Sales Analysis, TAP Pharmaceuticals, Inc.
students in class
© Nathan Mandell
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Program Content
 

Accelerating Sales Force Performance

Engines of sales force effectiveness

Role of sales force incentives

 

The 3-C's Framework for Incentive Plan Assessment

Consistency with marketing strategy

Compatibility with other engines of sales performance

Consequences for activities and results

 

The Four Key Decisions to Match the Incentive Plan to Sales Force Roles

Pay level

Salary-incentive mix

Measures of performance

Performance-payout relationships

 

Plan Testing and Selection

Quantitative assessments

Qualitative assessments

Predicting consequences and future-proofing a plan

 

Setting Goals

The role of goals in driving performance

A five-step process for setting good goals

 

Incentive Plan Implementation and Administration

Administering a plan for sales force impact

Tracking plan health

Retention challenges and strategies for salespeople and customers

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