Sales effectiveness and rewards Driving sales force performance “As “ no single solution can provide the sales lift organisations seek, leading companies need to develop increasingly sophisticated approaches that optimise every aspect of effective management.” 2 towerswatson.com Towers Watson Driving sales effectiveness The business landscape is becoming increasingly competitive: Labour markets are tightening; costs are being managed more carefully, and companies are facing increased levels of global competition. Only one thing remains constant: growth is the key to long-term success. Simply put, your sales organisation is the embodiment of your go-to-market strategy and the primary face your company presents to customers. Yet, while effective sales, support and customer service functions are essential to your organisation’s success, managing these teams expertly is more complex and challenging than ever. As no single solution can provide the sales lift organisations seek, leading companies need to develop increasingly sophisticated approaches that optimise every aspect of effective management. Sales effectiveness and rewards 3 The Towers Watson approach Effective management requires more than just motivating the sales force – it is also about managing sales and service talent by putting the right people in the right places and doing the right things at the right cost. Towers Watson’s Sales Effectiveness and Rewards practice focuses on helping companies effectively manage employees through programmes that optimise sales talent. Right people with the right skills Business and sales strategy Focused on the right opportunities Sales effectiveness Highly engaged and motivated 4 towerswatson.com Business results and sales force ROI “Towers Watson’s Sales Effectiveness and Rewards practice focuses on helping companies effectively manage employees through programmes that optimise sales talent.” Ensuring that the right salespeople, with the right skills, are in the right roles Focusing on the right opportunities to organise and deploy the sales force Rewarding the sales force effectively and optimally to drive high engagement and motivation Our expertise includes: • Developing sales competencies • Managing sales force performance • Managing sales careers We work with you on: • Sales role design and structure • Sales deployment • Decision support tools We help you get it right: • Sales compensation and recognition • Risk alignment • Communication • Goal setting Right people with the right skills Focused on the right opportunities Highly engaged and motivated Recruiting and selection Career path Sales process Sales role design Sales compensation Recognition Performance management Sales management training Sales support Decision support tools Communication Goal setting Sales effectiveness and rewards 5 Why Towers Watson? Our Sales Effectiveness and Rewards consultants are skilled at translating the unique growth needs of your business into effective sales reward strategies. Deployed across the globe, we provide deep, hands-on expertise in developing and implementing programmes that drive sales effectiveness. We are supported by innovative research, as well as our broader Towers Watson consulting resources in areas such as communication, change management and implementation. Our research has guided the development of practical, fact-based recommendations that foster higher sales performance. For example, our most recent study of sales effectiveness analyses the human capital factors that drive the results of high-performing sales organisations. We also host industry-specific roundtables with sales and HR professionals to facilitate conversations about key sales management and compensation topics and trends. Proven results Global focus Towers Watson has a proven track record in designing and implementing sales force programmes across diverse industries and global geographies. By aligning sales force behaviour with your organisation’s business strategy and compensation philosophy, we help you maximise the return on your sales and marketing investment. With motivated and focused salespeople, you can increase performance, better execute go-to-market strategies and further improve the return on your total rewards. We help clients around the world solve today’s most difficult issues. Towers Watson deploys the largest group of dedicated Sales Effectiveness and Rewards consultants – in 38 countries. This enables us to work with global organisations to develop programmes and solutions uniquely suited to the culture of both the company and the country. Deep expertise Our experienced team collaborates with you to solve your toughest challenges, such as increasing productivity and identifying the traits of top performers. We provide tailored consulting services to the world’s leading companies across various industries, including financial services, high tech, telecommunications, pharmaceuticals, life sciences, manufacturing, consumer products, retail and media/entertainment. Unparalleled research We combine innovative thinking with proven business analytics and research to look at the performance and efficiency of your sales force in new ways. And as public scrutiny of risk management intensifies, Towers Watson has the robust framework and tools to evaluate your incentive programmes for excessive risk. 6 towerswatson.com Full implementation capability A solution is only as effective as its implementation. Our experienced, knowledgeable associates throughout the world work closely with all functions of an organisation to deliver results across its global operations. When needed, our Sales Effectiveness and Rewards practice draws on expertise from our multiple business lines to address the unique issues of our clients. An holistic approach We understand the importance of an effective sales organisation to both your top and bottom lines, and our work is guided by our well-established business acumen. Our senior team brings a rich and healthy blend of consulting and practical industry experience to help drive improved sales results for your company. Further information For further information please contact your Towers Watson consultant or Ron Burke +44 20 7170 3257 ron.burke@towerswatson.com Scott Cullen +44 20 7170 2013 scott.cullen@towerswatson.com Sales effectiveness and rewards 7 About Towers Watson Towers Watson is a leading global professional services company that helps organisations improve performance through effective people, risk and financial management. With more than 14,000 associates around the world, we offer consulting, technology and solutions in the areas of benefits, talent management, rewards, and risk and capital management. Towers Watson 71 High Holborn London WC1V 6TP Towers Watson is represented in the UK by Towers Watson Limited. The information in this publication is of general interest and guidance. Action should not be taken on the basis of any article without seeking specific advice. 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