Best Practices in Commission Pay Plans

If there was ever one essential rule of commission-based pay plans, it most certainly has to be a business development teams compensation must be built around well-established benchmarks, performance indicators and company wide objectives. Granted, that sounds like a fairly involved process, and it certainly sounds like more than one rule. However, it really comes down to making sure that the performance portion of a salespersons compensation is aligned with the companys long-term goals and objectives…

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