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a core value like teamwork or problem solving), you can help them promote the behaviors and attributes that are most valued at your organization. When you show someone that you appreciate them, it often increases their job satisfaction and employee retention. It can be a great performance incentive to foster your desired culture.
While a SPIFF rewards individual salespeople for exceeding their personal sales quotas, a SPIV ( S ales P rogram I ncentive V oucher) incentivizes teamwork. That’s why SPIFFs are so helpful; they offer a fun, exciting, and temporary way to encourage motivation and teamwork in meeting sales goals.
Encourage a collaborative approach — like split sales incentives or team activity rewards — for those who enjoy teamwork. Don’t always force your team into competition with one another for bonuses. I recommend setting up a feedback roundtable to hear reps’ ideas and suggestions.
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