Driving Sales and Retention with Personalized and Fair Compensation Plans
.To drive sales and retention, it is important to have a personalized and fair compensation plan in place. A fair compensation plan ensures that employees are treated equitably and that they feel they are being paid what they are worth. A personalized compensation plan takes into account the individual employee's skills and experience. When it comes to sales, a personalized sales commission management software can help to motivate employees to sell more products or services.
Balancing Fixed and Variable Compensation to Drive Performance
Most companies have a mix of fixed and variable compensation for their employees. The key is to find the right balance between the two to drive performance.
Fixed compensation, also known as base pay, is the guaranteed salary that an employee will rec...