Cygnal Webinar
Posted by Arthur Gehring on Wed, Aug 06, 2008 @ 04:57 PM
Recently, we held our monthly live Best Practice Webinar,
Common Pitfalls in Sales Compensation with sales comp expert Beth Carroll of the Cygnal Group. It drew record registration and attendance highlighting how starved people are for assistance.
Beth and Makana Soltuons’ CEO Liz Cobb walked attendees through the most common pitfalls in sales comp and how to avoid or rectify them. Their presentation drew the highest satisfaction ratings of any of the previous 6 webinars we have recorded.
We asked attendees in the post webinar survey which of the pitfalls they had experienced, and the results were equally amazing – see the below list. 96% of all respondents were experiencing at least one of the pitfalls and 65% of those were experiencing multiple pitfalls.
Sales Comp Pitfall and % of respondents that have that pitfall
- Plans with unattainable goals 47%
- Plan that don't motivate 41%
- Plans that overpay or are too costly 34%
- Credit wars among team members 34%
- Plans with too many measures 29%
As Beth and Liz point out in the webinar – a lot of these can be avoided or rectified without too much effort. You can watch the recording to learn more about these pitfalls and how to avoid them. Let us know what you think.