The SCN Blog
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Tags: spiff or spif
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How Much Are Your Sales Commission Plans Costing You?
One of the most important questions that company leaders ask is “How much are these comp plans going to cost us?” That is where plan modeling or costing comes in.
This is the time of year when companies are creating sales compensation plans for next year. They usually invest time in determin...
by Shirah Smail —
Nov 16, 2024
creating sales compensation plans
sales commission
sales commission cost
sales comp analysis
sales comp cost model
spiff or spif
How To Pay Sales Incentives On A New Product
Congrats! Your company is going to launch a new product into the market next year. I am sure this has been a long-awaited release, and many hours have been spent in this effort. Most likely including your go to market strategy and the channels you will be using to sell this product. But have...
by Shirah Smail —
Nov 16, 2024
creating sales compensation plans
incentive on new product
sales commission
sales effectiveness
sales incentives
spiff or spif
SPIFF vs. Comp Plan
So, what is a SPIFF? A SPIFF, also known as a SPIF, is a sales performance incentive fund. It is cash paid on top of a sales compensation plan for a specific objective and predetermined time period. Typically, in the form of a sales contest.
by Shirah Smail —
Nov 14, 2024
sales commission
sales compensation management
sales compensation program
sales incentives
spiff or spif