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Success isn’t as black and white of whether or not you hit your quota. But the gamification process intrinsically creates rewards that employees ‘unlock’. Giving them opportunities to meet smaller, more frequent goals and experience rewards, even non-monetary ones, puts individuals back in the driver seat.
This is dollars left on the table due to ineffective processes for “defining, assigning, and managing territories, quotas, and incentives and compensation plans.”. Allow 70% of associates to meet or exceed quota. OTE is total cash compensation, inclusive of base salary plus variable commission, paid at 100% quota attainment.
Incentivize teamwork to overcome the competition — Create an all-for-one, one-for-all mentality among your team by encouraging reps to lend another a helping hand. Still others may be more intrinsically motivated, where helping customers and making an impact is enough of a reward.
For example, a sales development rep (SDR) may earn incentives for surpassing their booked meetings goal for the month, while an account executive may earn incentives for closing more sales than their monthly quota. Encourage a collaborative approach — like split sales incentives or team activity rewards — for those who enjoy teamwork.
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