Sales compensation plan audit Helping organizations work | Hay Group tools and services Are your sales incentive plans competitive? Do they keep your sales force engaged? A strong sales compensation plan ensures that your people are motivated to perform at their best. That means better results for your company, as well as a reduction in costly and unwanted employee turnover. Understanding prevalent sales compensation practices and mix of pay Hay Group’s Hay Group Sales Compensation, Plan Design and Practices Report includes information from over 400 organizations. It includes compensation element details for 39 sales positions and plan design details covering eight common sales roles. Partnering with your organization, Hay Group will conduct an audit of two incentive plans and develop high level recommendations for enhancements to organization strategy. In order to complete this audit, Hay Group will: Conduct individual interviews with senior managers to clarify issues with the current sales incentive plan design (motivation, metrics, payout curves, top performer recognition, plan clarity) and ensure that we have a solid understanding of the current design, sales roles and any benefits and drawbacks of the plan from your perspective. Analyze how current sales roles are designed and how they align with desired sales processes. This includes commentary on job design, organization design, required competencies and compensation plan design for desired sales roles. Provide a comparison of the two current incentive plans against common and best practice to identify any gaps. We will assess against 21 different criteria. Provide directional recommendations for plan changes and a change roadmap. Enterprise sales effectiveness Hay Group has a specialized practice and is a recognized enterprise sales effectiveness (ESE) consulting leader in the industry. We consult with leading sales organizations and understand the challenging environment facing the selling function today. Hay Group’s ESE practice supports organizations with a variety of challenges such as clarifying sales roles, designing incentive plans that align with company strategy and providing assessments of employees against sales profiles. We use our databases that collect compensation and plan design data to support our clients. © 2013 Hay Group. All rights reserved. Helping organizations work | Sales compensation plan audit Following market practice blindly does not lead to success. There is a great deal of variance in incentive designs even within industries. It is critical to build on the organization’s strategy and specific sales roles. Based on our research, we understand how sales roles need to be structured. Performance management, incentive design and career paths all grow out of this. We incorporate market and researched best practices into our methodology. Additional needs Hay Group’s Enterprise Sales Effectiveness practice supports organizations with a variety of challenges such as clarifying sales roles, designing sales incentive plans to align with company strategy, assessing sales leadership effectiveness and also providing assessments of employees against sales profiles, among other areas. We augment our consulting with proprietary databases that contain compensation data, incentive plan design, role design and competency data to support our clients. Are you looking for a different type of support? Hay Group provides a full range of job evaluation services and reward-related services. Let us know your needs and we will work with you to develop an approach that will meet your exact requirements. About Hay Group Hay Group is a global management consulting firm that works with leaders to transform strategy into reality. We develop talent, organize people to be more effective and motivate them to perform at their best. Our focus is on making change happen and helping people and organizations realize their potential. Visit www.haygroup.com. © 2013 Hay Group. All rights reserved.