Elements of Sales Compensation

Course

Gain Fundamental Knowledge about Sales Compensation Design, Implementation and Evaluation

Sales compensation is a mission critical pay plan driving business success. In this introductory course, you will learn the fundamentals of sales compensation plan design, implementation and evaluation. You will also understand how to design the most appropriate plans for your customer contact jobs to drive sales outcomes.

In this course, you will:

  • Understand the rationale for sales compensation plans, their value and uniqueness.
  • Learn key principles of sales compensation plan design.
  • Learn how to introduce a new or revised plan to the sales force.
  • Understand why sales incentive plans fail and how to evaluate your plan’s progress and success.

This course is for the human resources compensation professional, sales management, sales operations personnel and commission accounting personnel responsible for sales compensation design, assessment, administration, implementation and program management.

Specific areas covered include:  

  • Sales Compensation Terms and Definitions
    Review the role of sales compensation in the context of the total rewards model. Learn about the purpose of sales compensation plans as well as sales compensation terms and incentive payment methods.

  • Influences on Sales Compensation Design
    Learn the drivers of sales compensation design, including go-to-market strategy and direct and indirect sales channels.

  • Design Components
    Understand the key design components of sales incentive plan design, including eligibility, target cash compensation, pay mix, calculation methods, performance measures and performance and payout arrangements.

  • Plan Refinement and Testing
    Learn about sales incentive plan refinement and testing through financial modeling, quotas and calculating formulas.

  • Plan Implementation
    Gain knowledge about the sales incentive plan implementation process, including plan terms, conditions and qualifiers; employee administration and communication; integrating with other programs; managing plan changes; and tracking and payment administration.

  • Assessing Plan Effectiveness
    Become skilled in assessing and evaluating sales incentive plan effectiveness. Learn what action to take when the plan is struggling and practice your assessment knowledge with a sample analysis.

Upon completing this course, you will be empowered with fundamental knowledge for designing, implementing and evaluating sales incentive plans.

Ready to learn about the elements of sales compensation?

This course is available in a variety of formats, including online and in-person.

Find a class format that works for you and register today.

Learning Options

Classroom

On-site instructor-led delivery of course materials with the added value of face-to-face interaction with a subject-matter expert and peers.

Course

Member: $1,125 USD

$1,680 USD

E-Learning Plus

Online learning with access to pre-recorded course modules combined with scheduled group conference calls and live online instructor-led discussions.

Course

Member: $995 USD

$1,385 USD

E-Learning

Self-paced online learning with access to pre-recorded course modules delivered by an instructor.

Green Option
60-Day Access

Member: $895 USD

$1,230 USD

Contact Us

Please note: 60-day access to e-course material starts immediately on the day of purchase.

Course Credits & Certifications

  • Recertification

    Course: 2 credits

  • CEUs:

    Course: 1.5 credits

  • HRCI Recertification

    14 classroom hours

  • SHRM Recertification:

    14 classroom hours

More Information

Who Should Register

The course is designed for compensation and sales administration personnel relatively new to the sales compensation field and who are involved in designing, implementing and administering sales compensation plans.

How to Register

Policies

Click Here to view our policies on payments, returns, class schedules, registration, cancellation, and more.

Have Questions?

Phone

+1 877 951 9191

USA and Canada

+1 480 951 9191

Other Countries

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