AND ANSWERS
/. Inside selling - Answer-Selling through the organization (leads, call center, customer
coming to them)
/.Outside selling - Answer-selling outside of company
/.Base salary - Answer-Reflects value of employee role, guaranteed
/.Role of sales representative - Answer-Relationship building, conveyors of product
information, makes the sale
/.Compensation plan design - Answer-Assess, align, design, implement
/.Assess - Answer-Phase one of sales compensation, gather and assess current sales
compensation practices
/.Align - Answer-Phase two of sales compensation, Meet with management to ensure
sales effort alignment with strategic objectives
/.Design - Answer-Phase three of sales compensation, work with taskforce of sales
compensation stakeholders to design and cost new plan for every job
/.Implement - Answer-Phase four of sales compensation, guide sales compensation
staff to create an implementation strategy
/.Key performance indicators - Answer-Differentiate top and bottom performance, pay
for results, pay correlates to results
/.Pay mix - Answer-Reflects the degree of individual influence within the deal
/.All base pay - Answer-Best for sales roles made up of activities of sales support
/.All variable pay - Answer-Best for sales people who have control over the amount of
sales generated (direct selling)
/.Commission - Answer-Pay based off of sales volume
/.Breakeven Threshold - Answer-Sales rep has not earned enough from sales to
support having a representative in that territory
/.Incentives/bonuses - Answer-Based on predetermined criteria